Asia-Pacific · World Bank + FRED data · updated Sep 28, 2026
Australia economy forecast
For 2026 the model expects inflation of 3.2%, GDP growth of 2.5% and unemployment of 4.0% in Australia.
Inflation
CPI, annual %
3.2%
2026 forecast
Latest · 2025: 2.9%▲ +0.4 pp
GDP growth
Annual %
2.5%
2026 forecast
Latest · 2025: 1.4%▲ +1.1 pp
Unemployment
% of labor force, ILO modeled
4.0%
2026 forecast
Latest · 2025: 4.1%▼ −0.1 pp
GDP per capita
Current US$
$65,239
2026 forecast
Latest · 2025: $65,130▲ +0.2%
Population
Population, total
28.25M
2026 forecast
Latest · 2025: 27.61M▲ +2.3%
USD/AUD
AUD per 1 USD
1.3866
in 12 months
Last close · Sep 25, 2026: 1.4219▼ −2.5%
Australia at a glance, 2026–2028
| Indicator | Latest | 2026 | 2027 | 2028 |
|---|---|---|---|---|
| Inflation | 2.9% 2025 | 3.2% | 3.4% | 3.8% |
| GDP growth | 1.4% 2025 | 2.5% | 2.6% | 2.6% |
| Unemployment | 4.1% 2025 | 4.0% | 4.0% | 4.1% |
| GDP per capita | $65,130 2025 | $65,239 | $66,741 | $66,807 |
| Population | 27.61M 2025 | 28.25M | 28.26M | 28.75M |
Medians; each indicator's page shows its 80% range and backtest.
Other countries in Asia-Pacific
All countriesStatistical model, not financial advice. Forecasts are automatic outputs of TimesFM 2.5 on public data; outcomes land outside the 80% range about one time in five.