Exports in Australia

Australia Exports | Economic News & Forecasts

Australia - Exports

Activity likely cooled in Q1 2022, seemingly moving closer to pre-pandemic growth rates following a strong Q4 2021. Retail sales growth in January-February was lower than in Q4. Souring consumer and business sentiment boded poorly for private spending and investment. That said, some support for household spending should have come from a robust labor market. Moving to Q2, the government announced significant fiscal stimulus as part of the new FY 2022–2023 budget—including cash payments to pensioners, tax rebates, and a cut in fuel duty—which should support spending despite a fall in consumer confidence in April. Meanwhile, the Prime Minister called elections on 21 May. Recent polls show that candidates from the ruling Liberal National Coalition and opposition Labor Party are losing votes in favor of minor parties and independent candidates, which could complicate governability.

Australia - Exports Data

2015   2016   2017   2018   2019  
Exports (USD billion)188  192  231  258  271  

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Australia Facts

Value Change Date
Bond Yield1.371.47 %Dec 31
Exchange Rate0.700.05 %Dec 31

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