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Economic Indicators

Economic Indicators
March Years
Annual average % change
2000
Actual
2001
Actual
2002
Actual
2003
Actual
2004
Actual
2005
Actual
2006
Actual
2007
Actual
2008
Actual
2009
Actual
2010
Actual
2011
Actual
2012
Forecast
2013
Forecast
2014
Forecast
2015
Forecast
2016
Forecast
Private consumption 3.3 1.4 2.7 4.8 6.2 4.5 4.4 2.5 3.3 -1.1 0.3 2.0 2.1 2.2 2.9 2.9 2.2
Public consumption 5.8 -2.1 4.2 1.4 4.9 4.6 4.9 4.1 5.0 4.2 0.2 3.8 1.8 -1.5 -0.2 0.5 0.7
TOTAL CONSUMPTION 3.8 0.6 3.0 4.0 5.9 4.6 4.5 2.8 3.7 0.1 0.3 2.5 2.0 1.3 2.2 2.4 1.9
Residential investment 19.5 -13.3 2.0 23.6 14.9 2.6 -5.1 -1.4 3.8 -23.2 -13.0 2.3 -8.4 37.6 34.9 14.2 5.5
Non-market investment 13.0 -13.8 21.9 10.7 15.7 11.0 5.9 -7.0 -7.9 15.6 -5.6 5.0 1.1 -8.8 3.2 5.7 3.4
Market investment 7.4 7.3 6.9 2.8 13.0 11.9 11.3 -1.5 9.4 -3.3 -10.1 7.8 8.9 9.8 10.3 4.1 -0.3
TOTAL INVESTMENT 10.9 -0.1 6.8 8.0 13.6 8.8 6.6 -2.2 6.3 -7.7 -9.5 5.9 5.0 16.2 14.4 6.4 1.2
Stock change (contribution to growth) 1.2 -0.3 0.1 -0.1 0.2 0.3 -0.5 -0.7 0.6 0.2 -2.2 1.4 -0.5 0.2 0.1 0.2 0.2
GROSS NATIONAL EXPENDITURE 6.4 0.2 3.8 4.7 7.6 5.8 4.5 1.0 4.8 -1.4 -3.7 4.5 2.1 4.8 5.4 3.7 1.9
Exports 7.4 6.3 3.0 7.8 1.1 4.8 -0.2 2.9 3.4 -3.0 4.8 1.9 2.8 2.3 1.9 1.7 1.8
Imports 11.3 -0.7 4.0 7.2 12.7 12.5 4.2 -1.6 10.4 -4.3 -9.4 10.5 3.6 6.1 8.0 4.3 0.7
EXPENDITURE ON GDP 5.2 2.4 3.5 5.0 4.0 3.6 3.3 2.2 2.8 -0.9 0.8 1.9 2.0 3.2 3.3 2.8 2.4
GDP (production measure) 5.4 2.5 3.6 4.9 4.4 3.8 3.2 0.9 3.0 -1.5 -0.7 1.6 2.3 3.4 3.3 2.9 2.4
- annual % change 6.5 0.8 4.6 4.6 5.3 2.6 2.4 1.7 2.3 -3.5 1.8 1.6 2.5 3.7 3.1 2.8 2.2
Real GDP per capita 4.8 1.9 2.7 3.0 2.4 2.4 2.1 -0.4 1.9 -2.4 -1.8 0.5 1.5 2.6 2.4 1.9 1.5
Nominal GDP (expenditure basis) 6.0 5.7 7.5 5.1 6.9 7.1 5.6 5.0 7.7 1.9 1.2 5.7 5.5 4.7 5.8 5.1 4.5
GDP deflator 0.8 3.2 3.9 0.2 2.8 3.3 2.3 2.8 4.7 2.9 0.4 3.7 3.5 1.5 2.4 2.2 2.1
Output gap (% deviation, March year average) 0.6 0.1 0.1 1.0 1.4 1.7 2.1 1.1 2.8 0.7 -0.7 -0.7 -0.8 -0.2 -0.1 -0.1 -0.2
Employment 1.9 2.0 2.9 2.8 3.0 3.6 2.8 2.2 1.3 0.9 -1.3 1.2 1.8 1.5 1.5 1.4 1.3
Unemployment (% March quarter s.a.) 6.5 5.5 5.3 5.0 4.3 3.9 4.0 3.9 3.9 5.1 6.1 6.5 5.8 5.2 4.9 4.7 4.7
Wages (average ordinary-time hourly, ann % change) 1.7 3.2 3.7 2.3 3.5 3.6 5.4 4.7 4.7 5.4 1.0 2.6 4.0 3.3 4.2 4.1 4.0
CPI inflation (ann % change) 1.5 3.1 2.6 2.5 1.5 2.8 3.3 2.5 3.4 3.0 2.0 4.5 2.8 2.2 2.4 2.5 2.7
Merchandise terms of trade (SNA basis) 0.2 3.4 4.0 -5.6 4.3 3.5 -2.0 -1.1 8.5 -0.1 -7.5 9.9 3.2 -1.4 1.0 1.1 0.3
Current account balance - $billion -7.1 -4.4 -3.4 -4.1 -6.2 -9.4 -14.0 -13.5 -14.6 -14.8 -3.6 -7.2 -5.0 -7.9 -12.6 -15.6 -17.6
Current account balance - % of GDP -6.4 -3.7 -2.7 -3.1 -4.4 -6.2 -8.7 -8.0 -8.0 -8.0 -1.9 -3.6 -2.4 -3.6 -5.4 -6.4 -6.9
TWI (March quarter) 54.1 50.5 51.6 60.6 66.9 69.6 68.3 68.8 71.9 53.7 65.3 67.2 70.0 70.1 69.6 67.2 63.3
90-day bank bill rate (March quarter) 6.0 6.4 5.0 5.8 5.5 6.9 7.6 7.8 8.8 3.7 2.7 3.0 2.9 3.7 4.3 5.0 5.3
10-year bond rate (March quarter) 7.3 6.0 6.7 6.0 5.9 6.0 5.7 5.9 6.3 4.6 5.9 5.6 4.4 4.6 5.0 5.2 5.4
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