Key Economic Indicators

The rolling annual change of 10 key indicators feature in the Economic Snapshot for April 2023.

Please note that some indicators are not measured monthly, hence there may be come delays in the data that is readily available.

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Cash Rate

The cash rate has increased from 0.10% in April 2022, to 3.60% in April 2023.

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GDP Growth

GDP growth has decreased from 3.0% in the year ended March 2022, to 2.7% in the year ended December 2022.

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Unemployment

Unemployment has decreased from 3.9% in March 2022, to 3.5% in March 2023.

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Inflation

Inflation has increased from 5.1% in the year ended March 2022, to 7.0% in the year ended March 2023.

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Wage Growth

Wage growth has increased from 2.4% in the year ended December 2021, to 3.3% in the year ended December 2022.

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Average Weekly Earnings (Full-Time Adult Ordinary Time)

Average weekly earnings (full-time adult ordinary time) have increased from $1 748.40 in November 2021, to $1 807.70 in November 2022.

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Australian Dollar

The Australian Dollar has depreciated from 0.74 USD in March 2022, to 0.67 USD in March 2023.

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Population Growth

Australia's population increased from 26.0 million people in June 2022, to 26.5 million people in April 2023.

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Household Wealth as a Share of Income

Household wealth as a share of income has decreased from 966% in December 2021, to 878% in December 2022.

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Household Debt as a Share of Income

Household debt as a share of income has remained unchanged between December 2021 and December 2022.

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Economic Data Sources

Cash Rate

https://www.rba.gov.au/

GDP Growth, Unemployment & Inflation

https://www.abs.gov.au/statistics/economy/key-indicators

https://www.rba.gov.au/education/resources/digital-interactives/snapshot-comparison/

https://tradingeconomics.com/australia/indicators

Wage Growth

https://www.abs.gov.au/statistics/economy/price-indexes-and-inflation/wage-price-index-australia

Average Weekly Earnings

https://www.abs.gov.au/statistics/labour/earnings-and-working-conditions/average-weekly-earnings-australia

Australian Dollar

https://www.rba.gov.au/

https://www.rba.gov.au/education/resources/digital-interactives/snapshot-comparison/

Population

https://www.rba.gov.au/education/resources/digital-interactives/snapshot-comparison/

https://www.abs.gov.au/AUSSTATS/abs%40.nsf/Web%2BPages/Population%2BClock?opendocument=&ref=HPKI

Household Wealth & Household Debt as a Share of Income

https://www.rba.gov.au/education/resources/digital-interactives/snapshot-comparison/

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You can find previously completed Economic Snapshots here.

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Key Economic Indicators

The rolling annual change of 10 key indicators feature in the Economic Snapshot for February 2023.

Please note that some indicators are not measured monthly, hence there may be some delays in the data that is readily available.

---

Cash Rate

The cash rate has increased from 0.10% in February 2022, to 3.35% in February 2023.

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GDP Growth

GDP growth has increased from 2.9% in the year ended March 2022, to 5.9% in the year ended September 2022.

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Unemployment

Unemployment has decreased from 4.0% in February 2022, to 3.7% in January 2023.

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Inflation

Inflation has increased from 5.1% in the year ended March 2022, to 7.3% in the year ended December 2022.

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Wage Growth

Wage growth has increased from 2.3% in the year ended December 2021, to 3.4% in the year ended December 2022.

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Average Weekly Earnings (Full-Time Adult Ordinary Time)

Average weekly earnings (full-time adult ordinary time) have increased from $1 748.40 in November 2021, to $1 807.70 in November 2022.

---

Australian Dollar

The Australian Dollar has remained unchanged between February 2022 and February 2023.

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Population Growth

Australia's population increased from 25.9 million people in March 2022, to 26.3 million people in February 2023.

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Household Wealth as a Share of Income

Household wealth as a share of income has decreased from 966% in December 2021, to 884% in September 2022.

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Household Debt as a Share of Income

Household debt as a share of income has increased from 187% in December 2021, to 188% in September 2022.

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Economic Data Sources

Cash Rate

https://www.rba.gov.au/

GDP Growth, Unemployment & Inflation

https://www.abs.gov.au/statistics/economy/key-indicators

https://www.rba.gov.au/education/resources/digital-interactives/snapshot-comparison/

https://tradingeconomics.com/australia/indicators

Wage Growth

https://www.abs.gov.au/statistics/economy/price-indexes-and-inflation/wage-price-index-australia

Average Weekly Earnings

https://www.abs.gov.au/statistics/labour/earnings-and-working-conditions/average-weekly-earnings-australia

Australian Dollar

https://www.rba.gov.au/

https://www.rba.gov.au/education/resources/digital-interactives/snapshot-comparison/

Population

https://www.rba.gov.au/education/resources/digital-interactives/snapshot-comparison/

https://www.abs.gov.au/AUSSTATS/abs%40.nsf/Web%2BPages/Population%2BClock?opendocument=&ref=HPKI

Household Wealth & Household Debt as a Share of Income

https://www.rba.gov.au/education/resources/digital-interactives/snapshot-comparison/

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You can find previously completed Economic Snapshots here.

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Key Economic Indicators

The rolling annual change of 10 key indicators feature in the Economic Snapshot for December 2022.

Please note that some indicators are not measured monthly, hence there may be some delays in the data that is readily available.

---

Cash Rate

The cash rate has increased from 0.10% in December 2021, to 3.10% in December 2022.

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GDP Growth

GDP growth has increased from 4.1% in the year ended September 2021, to 5.9% in the year ended September 2022.

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Unemployment

Unemployment has decreased from 4.2% in December 2021, to 3.4% in November 2022.

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Inflation

Inflation has increased from 3.0% in the year ended September 2021, to 7.3% in the year ended September 2022.

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Wage Growth

Wage growth has increased from 2.2% in the year ended September 2021, to 3.1% in the year ended September 2022.

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Average Weekly Earnings (Full-Time Adult Ordinary Time)

Average weekly earnings (full-time adult ordinary time) have increased from $1 736.80 in May 2021, to $1 769.80 in May 2022.

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Australian Dollar

The Australian Dollar has weakened relative to the US Dollar from 0.72 USD in December 2021, to 0.68 USD in December 2022.

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Population

Australia's population increased from 25.8 million people in December 2021, to 26.2 million in December 2022.

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Household Wealth as a Share of Income

Household wealth as a share of income has decreased from 966% in December 2021, to 915% in June 2022.

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Household Debt as a Share of Income

Household debt as a share of income has increased from 187% in December 2021, to 189% in June 2022.

---

Economic Data Sources

Cash Rate

https://www.rba.gov.au/

GDP Growth, Unemployment and Inflation

https://www.abs.gov.au/statistics/economy/key-indicators

https://www.rba.gov.au/education/resources/digital-interactives/snapshot-comparison/

Wage Growth

https://www.abs.gov.au/statistics/economy/price-indexes-and-inflation/wage-price-index-australia

https://www.rba.gov.au/education/resources/digital-interactives/snapshot-comparison/

Average Weekly Earnings

https://www.abs.gov.au/statistics/labour/earnings-and-working-conditions/average-weekly-earnings-australia

Australian Dollar

https://www.rba.gov.au/

https://www.rba.gov.au/education/resources/digital-interactives/snapshot-comparison/

Population

https://www.rba.gov.au/education/resources/digital-interactives/snapshot-comparison/

https://www.abs.gov.au/AUSSTATS/abs%40.nsf/Web%2BPages/Population%2BClock?opendocument=&ref=HPKI

Household Wealth & Household Debt as a Share of Income

https://www.rba.gov.au/education/resources/digital-interactives/snapshot-comparison/

---

You can find previously completed Economic Snapshots here.

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Key Economic Indicators

The rolling annual change of 10 key indicators feature in the Economic Snapshot for November 2022.

Please note that some indicators are not measured monthly, hence there may be some delays in the data that is readily available.

---

Cash Rate

The cash rate has increased from 0.10% in November 2021, to 2.85% in November 2022.

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GDP Growth

GDP growth has decreased from 4.1% in the year ended September 2021, to 3.6% in the year ended June 2022.

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Unemployment

Unemployment has decreased from 5.2% in October 2021, to 3.4% in October 2022.

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Inflation

Inflation has increased from 3.0% in the year ended September 2021, to 7.3% in the year ended September 2022.

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Wage Growth

Wage growth has increased from 2.2% in the year ended September 2021, to 3.1% in the year ended September 2022.

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Average Weekly Earnings (Full-Time Adult Ordinary Time)

Average weekly earnings (full-time adult ordinary time) have increased from $1 736.80 in May 2021, to $1 769.80 in May 2022.

---

Australian Dollar

The Australian Dollar has weakened relative to the US Dollar from 0.73 USD in November 2021, to 0.64 USD in November 2022.

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Population

Australia's population increased from 25.8 million people in December 2021, to 26.1 million in November 2022.

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Household Wealth as a Share of Income

Household wealth as a share of income has decreased from 922% in September 2021, to 907% in June 2022.

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Household Debt as a Share of Income

Household debt as a share of income has increased from 183% in September 2021, to 188% in June 2022.

---

Economic Data Sources

Cash Rate

https://www.rba.gov.au/

GDP Growth, Unemployment and Inflation

https://www.abs.gov.au/statistics/economy/key-indicators

https://www.rba.gov.au/education/resources/digital-interactives/snapshot-comparison/

Wage Growth

https://www.abs.gov.au/statistics/economy/price-indexes-and-inflation/wage-price-index-australia

https://www.rba.gov.au/education/resources/digital-interactives/snapshot-comparison/

Average Weekly Earnings

https://www.abs.gov.au/statistics/labour/earnings-and-working-conditions/average-weekly-earnings-australia

Australian Dollar

https://www.rba.gov.au/

https://www.rba.gov.au/education/resources/digital-interactives/snapshot-comparison/

Population

https://www.rba.gov.au/education/resources/digital-interactives/snapshot-comparison/

https://www.abs.gov.au/AUSSTATS/abs%40.nsf/Web%2BPages/Population%2BClock?opendocument=&ref=HPKI

Household Wealth & Household Debt as a Share of Income

https://www.rba.gov.au/education/resources/digital-interactives/snapshot-comparison/

---

You can find previously completed Economic Snapshots here.

---

Key Economic Indicators

The rolling annual change of 10 key indicators feature in the Economic Snapshot for October 2022.

Please note that some indicators are not meansured monthly, hence there may be some delays in the data that is readily available.

---

Cash Rate

The cash rate has increased from 0.10% in October 2021, to 2.60% in October 2022.

---

GDP Growth

GDP growth has decreased from 3.9% in the year ended September 2021, to 3.6% in the year ended June 2022.

---

Unemployment

The unemployment rate has decreased from 4.7% in September 2021, to 3.5% in September 2022.

---

Inflation

Inflation has increased from 3.0% in the year ended September 2021, to 7.3% in the year ended September 2022.

---

Wage Growth

Wage growth has increased from 2.2% in the year ended September 2021, to 2.6% in the year ended June 2022.

---

Average Weekly Earnings (Full-Time Adult Ordinary Time)

Average weekly earnings (full-time adult ordinary time) have increased from $1 736.80 in May 2021, to $1 769.80 in May 2022.

---

Australian Dollar

The Australian Dollar has weakened relative to the US Dollar from 0.74 USD in October 2021, to 0.65 USD in October 2022.

---

Population

Australia's population increased from 25.8 million people in December 2021, to 26.1 million in October 2022.

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Household Wealth as a Share of Income

Household wealth as a share of income has decreased from 922% in September 2022, to 907% in June 2022.

---

Household Debt as a Share of Income

Household debt as a share of income has increased from 183% in September 2021, to 188% in June 2022.

---

Economic Data Sources

Cash Rate

https://www.rba.gov.au/

GDP Growth, Unemployment and Inflation

https://www.abs.gov.au/statistics/economy/key-indicators

https://www.rba.gov.au/education/resources/digital-interactives/snapshot-comparison/

Wage Growth

https://www.abs.gov.au/statistics/economy/price-indexes-and-inflation/wage-price-index-australia

https://www.rba.gov.au/education/resources/digital-interactives/snapshot-comparison/

Average Weekly Earnings

https://www.abs.gov.au/statistics/labour/earnings-and-working-conditions/average-weekly-earnings-australia

Australian Dollar

https://www.rba.gov.au/

https://www.rba.gov.au/education/resources/digital-interactives/snapshot-comparison/

Population

https://www.rba.gov.au/education/resources/digital-interactives/snapshot-comparison/

https://www.abs.gov.au/AUSSTATS/abs%40.nsf/Web%2BPages/Population%2BClock?opendocument=&ref=HPKI

Household Wealth & Household Debt as a Share of Income

https://www.rba.gov.au/education/resources/digital-interactives/snapshot-comparison/

---

You can find previously completed Economic Snapshots here.

---

Key Economic Indicators

The rolling annual change of 10 key economic indicators feature in the Economic Snapshot for September 2022.

Please note that some indicators are not measured monthly, hence there may be some delays in the data that is readily available.

---

Cash Rate

The cash rate has increased from 0.10% in September 2021, to 2.35% in September 2022.

---

GDP Growth

GDP growth has decreased from 4.1% in the year ended September 2021, to 3.6% in the year ended June 2022.

---

Unemployment

The unemployment rate has decreased from 4.5% in August 2021, to 3.5% in August 2022.

---

Inflation

Inflation has increased from 3.0% in the year ended September 2021, to 6.1% in the year ended June 2022.

---

Wage Growth

Wage growth has increased from 2.2% in the year ended September 2021, to 2.6% in the year ended June 2022.

---

Average Weekly Earnings (Full-Time Adult Ordinary Time)

Average weekly earnings (full-time adult ordinary time) have increased from $1 736.80 in May 2021, to $1 769.80 in May 2022.

---

Australian Dollar

The Australian Dollar has weakened relative to the US Dollar from 0.73 USD in September 2021, to 0.68 USD in September 2022.

---

Population

Australia's population increased from 25.7 million people in September 2021, to 26.0 million in September 2022.

---

Household Wealth as a Share of Income

Household wealth as a share of income has increased from 922% in September 2021, to 955% in March 2022.

---

Household Debt as a Share of Income

Household debt as a share of income has increased from 184% in September 2021, to 187% in March 2022.

---

Economic Data Sources

Cash Rate

https://www.rba.gov.au/

GDP Growth, Unemployment and Inflation

https://www.abs.gov.au/statistics/economy/key-indicators

https://www.rba.gov.au/education/resources/digital-interactives/snapshot-comparison/

Wage Growth

https://www.abs.gov.au/statistics/economy/price-indexes-and-inflation/wage-price-index-australia

https://www.rba.gov.au/education/resources/digital-interactives/snapshot-comparison/

Average Weekly Earnings

https://www.abs.gov.au/statistics/labour/earnings-and-working-conditions/average-weekly-earnings-australia

Australian Dollar

https://www.rba.gov.au/

https://www.rba.gov.au/education/resources/digital-interactives/snapshot-comparison/

Population

https://www.rba.gov.au/education/resources/digital-interactives/snapshot-comparison/

https://www.abs.gov.au/AUSSTATS/abs%40.nsf/Web%2BPages/Population%2BClock?opendocument=&ref=HPKI

Household Wealth as a Share of Income & Household Debt as a Share of Income

https://www.rba.gov.au/education/resources/digital-interactives/snapshot-comparison/

---

You can find previously completed Economic Snapshots here.

---

Key Economic Indicators

The rolling annual change of 10 key economic indicators feature in the Economic Snapshot for August 2022.

Please note that some indicators are not measured monthly, hence there may be some delays in the data that is readily available.

---

Cash Rate

The cash rate has increased from 0.10% in August 2021, to 1.85% in August 2022.

---

GDP Growth

GDP Growth has increased from 1.8% in the year ended March 2021, to 3.3% in the year ended March 2022.

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Unemployment

Unemployment has decreased from 4.6% in July 2021, to 3.4% in July 2022.

---

Inflation

Inflation has increased from 3.8% in the year ended June 2021, to 6.1% in the year ended June 2022.

---

Wage Growth

Wage Growth has increased from 1.7% in the year ended June 2021, to 2.6% in the year ended June 2022.

---

Average Weekly Earnings (Full-Time Adult Ordinary Time)

Average weekly earnings (full-time adult ordinary time) have increased from $1 736.80 in May 2021, to $1 769.80 in May 2022.

---

Australian Dollar

The Australian Dollar has weakened relative to the US Dollar from $0.74 USD in August 2021, to $0.70 USD in August 2022.

---

Population

Australia's population increased from 25.7 million people in June 2021, to 26.0 million in August 2022.

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Household Wealth as a Share of Income

Household wealth as a share of income has increased from 841% in March 2021, to 957% in March 2022.

---

Household Debt as a Share of Income

Household debt as a share of income has increased from 179% in March 2021, to 187% in March 2022.

---

Economic Data Sources

Cash Rate https://www.rba.gov.au/

GDP Growth, Unemployment and Inflation

https://www.abs.gov.au/statistics/economy/key-indicators

https://www.rba.gov.au/education/resources/digital-interactives/snapshot-comparison/

Wage Growth

https://www.abs.gov.au/statistics/economy/price-indexes-and-inflation/wage-price-index-australia

https://www.rba.gov.au/education/resources/digital-interactives/snapshot-comparison/

Average Weekly Earnings

https://www.abs.gov.au/statistics/labour/earnings-and-working-conditions/average-weekly-earnings-australia

Australian Dollar

https://www.rba.gov.au/

https://www.rba.gov.au/education/resources/digital-interactives/snapshot-comparison/

Population

https://www.abs.gov.au/AUSSTATS/abs%40.nsf/Web%2BPages/Population%2BClock?opendocument=&ref=HPKI

https://www.rba.gov.au/education/resources/digital-interactives/snapshot-comparison/

Household Wealth as a Share of Income & Household Debt as a Share of Income

https://www.rba.gov.au/education/resources/digital-interactives/snapshot-comparison/

---

You can find previously completed Economic Snapshots here.

---

Key Economic Indicators

The rolling annual change of 10 key economic indicators feature in the Economic Snapshot for July 2022.

Please note that some indicators are not measured monthly, hence there may be some delays in the data that is readily available.

---

Cash Rate

---

The cash rate has increased from 0.10% in July 2021, to 1.35% in July 2022.

GDP Growth

GDP growth has increased from 1.8% in the year ended March 2021, to 3.3% in the year ended March 2022.

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Unemployment

Unemployment has decreased from 4.9% in June 2021, to 3.5% in June 2022.

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Inflation

Inflation has increased from 1.1% in the year ended March 2021, to 5.1% in the year ended March 2022.

---

Wage Growth

Wage growth has increased from 1.5% in the year ended March 2021, to 2.4% in the year ended March 2022.

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Average Weekly Earnings (Full-Time Adult Ordinary Time)

Average weekly earnings (full-time adult ordinary time) have increased from $1 712.44 in November 2020, to $1 748.40 in November 2021.

---

Australian Dollar

The Australian Dollar has weakened relative to the US Dollar from $0.74 USD in July 2021, to $0.69 USD in July 2022.

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Population

Australia's population increased from 25.7 million people in June 2021, to 25.9 million in July 2022.

---

Household Wealth as a Share of Income

Household wealth as a share of income has increased from 841% in March 2021, to 957% in March 2022.

---

Household Debt as a Share of Income

Household debt as a share of income has increased from 179% in March 2021, to 187% in March 2022.

---

Economic Data Sources

Cash Rate https://www.rba.gov.au/

GDP Growth, Unemployment and Inflation

https://www.abs.gov.au/statistics/economy/key-indicators

https://www.rba.gov.au/education/resources/digital-interactives/snapshot-comparison/

Wage Growth

https://www.abs.gov.au/statistics/economy/price-indexes-and-inflation/wage-price-index-australia/mar-2022

https://www.rba.gov.au/education/resources/digital-interactives/snapshot-comparison/

Average Weekly Earnings

https://www.abs.gov.au/statistics/labour/earnings-and-working-conditions/average-weekly-earnings-australia/nov-2021

Australian Dollar

https://www.rba.gov.au/

https://www.rba.gov.au/education/resources/digital-interactives/snapshot-comparison/

Population

https://www.abs.gov.au/AUSSTATS/abs%40.nsf/Web%2BPages/Population%2BClock?opendocument=&ref=HPKI

https://www.rba.gov.au/education/resources/digital-interactives/snapshot-comparison/

Household Wealth as a Share of Income & Household Debt as a Share of Income

https://www.rba.gov.au/education/resources/digital-interactives/snapshot-comparison/

---

You can find previously completed Economic Snapshots here.

---

Key Economic Indicators

The rolling annual change of 10 key economic indicators feature in the Economic Snapshot for June 2022.

Please note that some indicators are not measured monthly, hence there may be some delays in the data that is readily available.

---

Cash Rate

The cash rate has increased from 0.10% in June 2021, to 0.85% in June 2022.

---

GDP Growth

GDP growth has decreased from 9.6% in June 2021, to 3.3% in March 2022.

---

Unemployment

Unemployment has decreased from 4.9% in June 2021, to 3.9% in May 2022.

---

Inflation

Inflation has increased from 3.8% in June 2021, to 5.1% in March 2022.

---

Wage Growth

Wage growth has increased from 1.7% in June 2021, to 2.4% in March 2022.

---

Average Weekly Earnings (Full-Time Adult Ordinary Time)

Average weekly earnings (full-time adult ordinary time) have increased from $1 712.44 in November 2020, to $1 748.40 in November 2021.

---

Australian Dollar

The Australian Dollar has weakened relative to the US Dollar from $0.76 USD in June 2021, to $0.70 USD in June 2022.

---

Population

Australia's population increased from 25.7 million people in June 2021, to 25.9 million in June 2022.

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Household Wealth as a Share of Income

Household wealth as a share of income has increased from 878% in June 2021, to 952% in December 2021.

---

Household Debt as a Share of Income

Household debt as a share of income has increased from 182% in June 2021, to 186% in December 2021.

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Economic Data Sources

Cash Rate and Australian Dollar - https://www.rba.gov.au/

GDP Growth, Unemployment and Inflation - https://www.abs.gov.au/statistics/economy/key-indicators

Wage Growth - https://www.abs.gov.au/statistics/economy/price-indexes-and-inflation/wage-price-index-australia/mar-2022

Average Weekly Earnings - https://www.abs.gov.au/statistics/labour/earnings-and-working-conditions/average-weekly-earnings-australia/nov-2021

Population - https://www.abs.gov.au/AUSSTATS/abs%40.nsf/Web%2BPages/Population%2BClock?opendocument=&ref=HPKI

Household Wealth as a Share of Income and Household Debt as a Share of Income - https://www.rba.gov.au/snapshots/economy-composition-snapshot/

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