Macro intelligence focused on rates, risk, credit conditions, labor, inflation, and bonds.
Macro intelligence focused on rates, risk, credit conditions, labor, inflation, and bonds.
As of April 2026, growth momentum is softening with GDP at 0.39%. Inflation at 2.30% is within the RBA's 2–3% target band. The RBA maintains a tightening stance.
Reserve Bank of Australia raised rates by 25 bps to 3.96%.
As of April 2026, growth momentum is softening with GDP at 0.39%. Inflation at 2.30% is within the RBA's 2–3% target band. The RBA maintains a tightening stance.
Yield curve not available
Found 1 valid tenor (need at least 2 to plot)
Available: 10Y: 4.90%
Government Revenue vs. Expenditure (Billions AUD)
Variable follows prime; fixed follows bond yields + spreads. See Rate Transmission for details.
Scenario-based macro commentary, not financial advice.
Data refresh in progress for: Policy Rate, Unemployment, GDP, Yield Curve.
Reserve Bank of Australia has set the policy rate at 3.960%. The most recent action was a 48 basis point cut. Inflation at 2.30% is near the typical 2% target.
Growth is subdued at 0.39%. Unemployment stands at 4.28%.
Sources: Reserve Bank of Australia (via FRED), ABS (Q4 2025), ABS (via FRED)
Data is aggregated from primary national statistical agencies. 'Regime' is a proprietary calculated metric based on growth, inflation, and policy stance indicators.
Read full methodologyBorrower fit guidance only. See Mortgage Rate Outlook for rate scenarios.
| Year | GDP | Debt/GDP | C/A | Savings | Budget | CPI |
|---|---|---|---|---|---|---|
| 2024 | A$2.7T | 36% | +1.2% | 3% | -1.9% | 3.4% |
| 2023 | A$2.6T | 35% | +1.3% | 4% | -1.4% | 5.6% |
| 2022 | A$2.4T | 35% | +1.2% | 8% | -3.7% | 6.6% |
| 2021 | A$2.2T | 40% | +2.8% | 12% | -6.5% | 2.9% |
| 2020 | A$2.0T | 42% | +2.3% | 18% | -8.1% | 0.9% |
Annual data typically lags 1–2 years. Rows marked Forecast are IMF projections. One year changes may not reflect the underlying trend — compare across 3–5 years.
Data sourced from World Bank. This is a Tier B (3-sector) breakdown. Australia has a resource-rich economy with significant mining (iron ore, coal, LNG exports to Asia). Services include financial services and education (international students). Agriculture includes beef, wheat, and wool. More detailed industry breakdown available from ABS.