Population in Australia

Australia Population | Economic News & Forecasts

Australia - Population

The Australian economy continues to send mixed signals about its overall health, after starting off the year on a disappointing note. Consumers were persistently pessimistic throughout the second quarter and into the start of Q3 in spite of the fact that the labor market has been improving quickly. The unemployment rate reached its lowest level since early 2013 in May, but much of the recent improvement in employment comes down to the creation of part-time jobs, accentuating that there is under employment. Businesses have been more optimistic regarding the near future—business sentiment remained above its long term average from the beginning of the year through the end of June. The continued optimism seems to be driven by healthier commodity prices, which pushed exports up sharply in May and are expected to drive growth in the near future. Yet households are simultaneously suffering from low wage growth, underemployment and a high debt burden.

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

Bond Yield2.681.33 %Jul 26
Exchange Rate0.79-0.63 %Jul 26
Stock Market5,8230.83 %Jul 26

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