Yr 11 Economics: Stats

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