Population in Australia

Australia Population | Economic News & Forecasts

Australia - Population

Recent divergent data make a definitive assessment of the current state of the economy rather difficult, but the overarching trend seems to suggest the economy is building on Q4 2016’s healthy GDP outturn. A stubbornly weak labor market, coupled with weak wage growth, has weighed on consumer sentiment, which has in turn dragged on retail sales. Adding to the fragile financial situation of highly indebted households, the RBA warned that the housing market might be oversupplied, which could point to softer house prices and slower housing investment. Taking a broader view, business confidence has nevertheless remained reasonably robust and in line with its historical average. Together with rising credit growth to the private sector, this suggests a pickup in non-mining business investment over the coming months and into next year. Underpinning the positive trend more broadly is the current upswing in commodity prices, which led to a positive trade balance in February. Should the momentum be sustained, it could boost income and tax revenues.

Australia - Population Data

2011  2012  2013  2014  2015  
Population (million)22.5  22.9  23.3  23.6  23.9  

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Australia Facts

ValueChangeDate
Bond Yield2.44-1.81 %May 25
Exchange Rate0.750.81 %May 25
Stock Market5,8290.30 %May 25

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