Investor Presentaiton
AUSTRALIA AND NZ KEY ECONOMIC INDICATORS
AUSTRALIAN ECONOMIC INDICATORS (%)¹
NZ ECONOMIC INDICATORS (%)¹
CY19
CY20 CY21(f) CY22(f) CY23(f)
CY19
CY20
CY21(f) CY22(f) CY23(f)
GDP growth²
2.3
-1.1
3.7
1.7
2.6
GDP growth²
1.7
-0.9
2.3
4.0
1.6
Unemployment³
5.2
6.7
5.1
4.7
4.4
Unemployment³
4.1
4.9
4.6
3.9
4.6
Core Inflation4
Cash rate target³
1.4
1.3
1.4
1.8
2.0
Inflation4
0.75
0.10
0.10
0.10
0.10
Cash rate (OCR)³
AUSTRALIAN SYSTEM GROWTH (%)5
1.9
1.4
2.9
1.6
2.5
1.0
0.25
0.25
1.00
2.00
NZ SYSTEM GROWTH (%) 5
FY19
FY20
FY21(f) FY22(f) FY23(f)
FY19
FY20
FY21(f) FY22(f) FY23(f)
Housing
3.0
3.3
5.2
4.4
5.0
Housing
6.5
6.8
11.6
3.5
3.6
Personal
-4.3
-12.9
-3.1
0.0
1.5
Personal
0.1
-11.7
-2.9
3.6
3.7
Business
3.3
1.9
0.6
4.2
4.5
Business
4.8
-1.4
0.3
4.0
5.7
Total lending
2.7
1.9
3.2
4.1
4.7
Total lending
5.6
3.0
6.9
3.7
4.3
System deposits
3.8
11.7
7.6
5.6
3.4
Household retail
deposits
5.1
9.4
5.8
4.6
4.3
(2)
(3)
(1) Sources: ABS, Econdata DX, RBA, RBNZ, Stats NZ, NAB
December quarter on December quarter of previous year
As at December quarter
(4)
(5)
104
December quarter on December quarter of previous year. For Australia, average of trimmed mean and weighted median indices
Source: RBA, RBNZ, NAB. Bank fiscal year-ended (September). NZ business credit includes credit to Agriculture
National
Australia
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