Year 12 Economics Topic 2 Statistics

basically made this a day before the exam

Current CAD

$35.2 billion -2.30% of GDP

June 2021/COVID CAS

$52 billion, 3.4% of GDP

June 2020 CAS

$21 billion

GFC CAD

-6.4% to -1.5% of GDP

June 2022 BOGS

$122.1 billion

June 2018 BOGS

$1.0 billion

CAD trend

-3% to -6% of GDP for 50 years prior to COVID

Savings GFC

8%

Cash Rate

4.1% from 4.35%

Inflation

2.4%

Economic Growth

0.8%

COVID PY debit

$23.4 billion

COVID cash rate

0.1%

Savings rate

2.4%

Net capital inflow

Above -4%

Current Terms of Trade

90

Unemployment

4.1%

Australia Exports

$673 billion —> $686 billion

Australia Imports

$547 billion

Iron ore and concentrates export

$136.1 billion

Coal export

$102.6 billion

Natural gas export

$74.2 billion

America Quantitative Easing

From 2010-2013

• Stable Fx rate

• Add 3 trillion to American money supply

  • 85 billion a month for 3 years

• $1 AUD = $10 USD

US economy improves

From 2014-2015

• Depreciation

• $1 AUD = $0.90 USD → $1 AUD = $0.60 USD

GFC

Sharp depreciation in 2008

Resources Boom

From 2000-2008

• China joins WTO (2001)

  • Sale of iron ore, coal, natural gas

• Appreciation  

Liability

4.7 trillion

Current Primary Income Debit

$89 billion

Current BOGS

$55 billion