State Budget 2024-25 - Macroeconomic Indicators

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 contains the seven published aggregates for the budget papers (Budget and Budget Update):

  • real GSP
  • nominal GSP
  • employment
  • unemployment
  • the consumer price index
  • the wage price index
  • population.

Data and Resources

Additional Information

Field Value
Published (Metadata Record) 07/05/2024
Last updated 13/06/2024
Organisation Victorian State Budget
License Creative Commons Attribution 4.0 International
Category Finance