Macroeconomic indicators 2016-17

The Department forecasts a number of macroeconomic aggregates for inclusion in the budget papers.

These forecasts have three main purposes: - they provide a framework for presenting the economic context in which the budget is developed; - most of the economic aggregates or their sub-components are used in the modelling of taxation and other revenue lines; and - forecasts of nominal gross state product (GSP) are used to express key financial aggregates in relation to the size of the economy, such as non-financial public sector net debt to nominal GSP.

The spreadsheet below contains the seven published aggregates for the budget papers (Budget and Budget Update): - real GSP growth; - level of nominal GSP; - employment growth; - unemployment rate; - growth in the consumer price index; - growth in the wage price index; and - annual population growth.

Data and Resources

Additional Information

Field Value
Published (Metadata record) 20/03/2017
Last updated 20/03/2017
Organisation Department of Treasury and Finance
License Creative Commons Attribution 4.0 International
Data temporal coverage: 01/07/2016 to 30/06/2017