Nominal GDP for Australia was A$2,173bn in 2021, down from A$1,969bn in 2020. The Australian population was estimated at 25.9m in 2021 according to the IMF, while China is Australia’s biggest trading partner.
Variables Surveyed for Australia
Variables covered in our monthly analysis of Australia include:
Consensus Forecasts for Australia
Individual panellist forecasts are shown for each of the variables surveyed, along with the consensus (mean) forecast. The rows of forecasts are ranked by the GDP growth estimate for the current year, highest to lowest. In the hard copy and pdf version of the publication, we also show selected “comparison forecasters” including the Reserve Bank of Australia, IMF and OECD. The table below shows a small example set of forecasts for GDP growth and Consumer Prices (CPI), taken from our survey of September 2022.
Source: Asia Pacific Conensus Forecasts, September 2022