Studied by 8 people
All Stats are from July of that Year (EOFY)
Unemployment Rate 2024
4.2%
Participation Rate 2024
67.1%
Underemployment Rate 2024
6.3%
2024 Budget Outcome
$9.3b Surplus
2025 Budget Outcome
$28.3b Deficit
2025 Predicted Government Revenue
$711.5b
2025 Predicted Government Expenditure
$734.5b
Cash Rate 2024
4.35%
Rate of Economic Growth 2023-2024
1.1%
Inflation 2024
3.8%
RBA’s Inflation Target
2-3%
Australian Labour Trends
Rapidly Expanding Tertiary Industry/Lack of manufacturing jobs, Casualisation of the Force
Unemployment Rate 2023
3.6%
Participation Rate 2023
66.8%
Underemployment Rate 2023
6.4%
Inflation Rate 2023
4.9%
Cash Rate 2023
4.1%
Cash Rate 2021
0.1%
Cash Rate 2020
0.25%
Cash Rate 2019
1%
Unemployment Rate 2020
7.5%
Participation Rate 2020
64.7%
Underemployment Rate 2020
11.2%
Unemployment Rate 2019
5.2%
Participation Rate 2019
66%
Underemployment Rate 2019
8.4%
Economic Growth 2019
1.9%%
Economic Growth 2020
-7.2%
Economic Growth 2021
10.3%
Economic Growth 2023
2%
Gini Coefficient 2024
0.34
Gini Coefficient 2021
0.3
Gini Coefficient 2019
0.31
GDP per capita 2023
65k USD
GDP per capita 2021
61k USD
GDP per capita 2019
56k USD
Budget Outcome 2020-2021
$134.2b Deficit
Budget Outcome 2019-2020
$85.3b Deficit
Budget Outcome 2018-2019
$0.7b Deficit
Note
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