Population in Australia

Australia Population | Economic News & Forecasts

Australia - Population

The economy posted a solid performance in Q2, following Q1’s disappointing result. Growth was driven by strong government and household consumption, as well as a positive contribution from net exports, which benefitted from an upswing in commodity prices. Despite the positive headline, however, the economy is not yet out of the woods and remains vulnerable. Buoyant private consumption was not fueled by strong wage growth but rather by households saving less, while the uptick in government consumption was largely related to reconstruction efforts after Hurricane Debbie and is not expected to be sustained in the months ahead. Nevertheless, economic growth is not expected to fall back to the rates seen in Q1, as businesses remain confident and consumer confidence ticked back up in September. Continued improvements in the labor market should gradually push down underemployment and bolster consumer confidence further, lifting retail sales that came in flat in July.

Australia - Population Data

2012  2013  2014  2015  2016  
Population (million)22.9  23.3  23.6  23.9  24.3  

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Australia Facts

Bond Yield2.830.0 %Sep 21
Exchange Rate0.80-0.81 %Sep 21
Stock Market5,717-0.92 %Sep 21

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