Price economic indicators, such as the Domestic Final Demand (DFD) Implicit Price Deflator (IPD), GDP IPD, and terms of trade from 2018 to 2023, reveal fluctuations influenced by both domestic and international factors. The price index for exports and imports, as of September 2024, reflects Australia’s engagement with global trade and its sensitivity to global supply chains and commodity prices.

From June 2024 to September 2024, the business sector saw mixed results, with growth driven by sectors such as mining, agriculture, and services, while other industries experienced a slowdown. New private and public investments contributed to this sector’s performance, although the net trade contribution to GDP during 2021-2023 played a critical role in sustaining the economy.

Between March 2024 and September 2024, Australia’s housing sector showed moderate growth, buoyed by high demand in urban areas. However, rising interest rates and inflationary pressures began impacting affordability and housing investment.

Between 2020 and 2023, the healthcare workforce grew substantially due to increased demand from the COVID-19 pandemic and subsequent recovery efforts. This sector has been a pivotal part of Australia’s economic resilience.  Employment statistics for September 2024 show varying trends across states and territories, with strong growth in some areas and stagnation in others. The public and private compensation of employees from 2021-2023 indicates wage increases in line with inflation, while the household saving ratio saw a decline from pandemic-era highs. Overall, Australia’s economic indicators paint a picture of a country adapting to post-pandemic realities, global economic shifts, and internal structural challenges.