1H24 Financial Results
Key Australian economic indicators¹ (December CY)
GDP %
Calendar year average
GDP
5.6
3.9
2.0
1.2
Cash rate %
2.5
2024
2025
Headline CPI %
Year on year, December quarter
Nominal GDP
11.5 12.5
3.5
5.5
5.4
3.4
2021
2022
2023
2024
2025
7.8
4.1
3.0
2.6
Unemployment rate %
December quarter average
4.7
4.5
4.5
3.5
3.8
2021
2022
2023
2024
2025
2021
2022
2023
2024
2025
Total credit growth %
12 months to December
Selected credit growth %
12 months to December
4.35
4.35
4.10
Housing credit
Business credit
3.60
7.8
3.10
2.85
2.85
6.8
5.0-7.0
5.5-
4.0-6.0
7.4
4.0-
11.9
4.8
6.5
7.5
6.0
4.1
7.3
4.1
5.0-
4.0-
7.0 6.0
0.85
0.10
21
Dec Jun Dec Jun
22 22 23
Dec
23
Jun Dec Jun Dec
24 24 25 25
Actual
1. Source: ABS, RBA and CBA Global Economic and Markets Research.
2021
2022
2023
2024
2025
Forecast, CBA Global Economic & Markets Research
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