Reseach paper
NatStats 2010 Conference
Sydney, 15-17 September 2010
How Does Australia
Compare in the Global
Economy?
Martine Durand
OECD Chief Statistician and
Director of Statistics
Outline of presentation
How does Australia compare?
Australia during the recent crisis
Australia over the medium-term
What about Australian people?
Challenges for the future
1
Australia has fared well during the crisis in terms of output…
Gross Domestic Product
Volume, s.a.
Q4 2007 = 100
108
106
104
102
100
98
96
94
Q4-2007 Q1-2008 Q2-2008 Q3-2008 Q4-2008 Q1-2009 Q2-2009 Q3-2009 Q4-2009 Q1-2010 Q2-2010
Australia
Canada
Korea
United States
European Union (27 countries)
Source: OECD (2010), National Accounts of OECD countries
…employment…
Total employment
Employees (Household Survey based),s.a.
Q4 2007 = 100
106
104
102
100
98
96
94
92
Australia
Canada
Japan
United States
Source: OECD (2010), Main Economic Indicators
2
…and unemployment
Harmonised Unemployment rates, s.a.
%
11
10
9
8
7
6
5
4
3
2
Australia
Canada
Japan
OECD - Europe
United States
Korea
Source: OECD (2010), Main Economic Indicators
This good performance reflects in part strong demand from Asia
Australia, Total exports of goods by economic regions
1999
NAFTA (OECD)
2009
6%
11%
9%
EUROPE (OECD)
29%
12%
9%
44%
Other
13%
ASIA & OCEANIA
(OECD)
ASIA (Non-OECD)
32%
34%
Source: OECD (2010), International Trade by Commodity Statistics
3
... and perpetuates favourable mediumterm developments, for instance aboveaverage economic activity…
Gross Domestic Product
Volume, s.a.
Q1 1995 = 100
200
180
160
140
120
100
80
Australia
Canada
Korea
United States
European Union (27 countries)
7
Source: OECD (2010), National Accounts of OECD countries
…with a gradual reduction in the gap in
GDP per capita vis-à-vis the OECD average1 Productivity
Sydney, 15-17 September 2010
How Does Australia
Compare in the Global
Economy?
Martine Durand
OECD Chief Statistician and
Director of Statistics
Outline of presentation
How does Australia compare?
Australia during the recent crisis
Australia over the medium-term
What about Australian people?
Challenges for the future
1
Australia has fared well during the crisis in terms of output…
Gross Domestic Product
Volume, s.a.
Q4 2007 = 100
108
106
104
102
100
98
96
94
Q4-2007 Q1-2008 Q2-2008 Q3-2008 Q4-2008 Q1-2009 Q2-2009 Q3-2009 Q4-2009 Q1-2010 Q2-2010
Australia
Canada
Korea
United States
European Union (27 countries)
Source: OECD (2010), National Accounts of OECD countries
…employment…
Total employment
Employees (Household Survey based),s.a.
Q4 2007 = 100
106
104
102
100
98
96
94
92
Australia
Canada
Japan
United States
Source: OECD (2010), Main Economic Indicators
2
…and unemployment
Harmonised Unemployment rates, s.a.
%
11
10
9
8
7
6
5
4
3
2
Australia
Canada
Japan
OECD - Europe
United States
Korea
Source: OECD (2010), Main Economic Indicators
This good performance reflects in part strong demand from Asia
Australia, Total exports of goods by economic regions
1999
NAFTA (OECD)
2009
6%
11%
9%
EUROPE (OECD)
29%
12%
9%
44%
Other
13%
ASIA & OCEANIA
(OECD)
ASIA (Non-OECD)
32%
34%
Source: OECD (2010), International Trade by Commodity Statistics
3
... and perpetuates favourable mediumterm developments, for instance aboveaverage economic activity…
Gross Domestic Product
Volume, s.a.
Q1 1995 = 100
200
180
160
140
120
100
80
Australia
Canada
Korea
United States
European Union (27 countries)
7
Source: OECD (2010), National Accounts of OECD countries
…with a gradual reduction in the gap in
GDP per capita vis-à-vis the OECD average1 Productivity