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Slides for speech to Redlands University of Third Age on Australian Economy

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Speech to Redlands University of Third Age on Australian Economy: where we've been, where we're going

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Slides for speech to Redlands University of Third Age on Australian Economy

  1. 1. The Australian Economy Where we’ve come from, where we’re going
  2. 2. 0 1 2 3 4 5 6 7 8 Jun-2000 Jan-2001 Aug-2001 Mar-2002 Oct-2002 May-2003 Dec-2003 Jul-2004 Feb-2005 Sep-2005 Apr-2006 Nov-2006 Jun-2007 Jan-2008 Aug-2008 Mar-2009 Oct-2009 May-2010 Dec-2010 Jul-2011 Feb-2012 Sep-2012 Apr-2013 Nov-2013 Jun-2014 Unemployment rate, Australia, %
  3. 3. Sketch of Australia’s economic history
  4. 4. 0 5,000,000 10,000,000 15,000,000 20,000,000 25,000,000 1788 1797 1806 1815 1824 1833 1842 1851 1860 1869 1878 1887 1896 1905 1914 1923 1932 1941 1950 1959 1968 1977 1986 1995 2004 2013 Population of Australia, ABS estimates From 1850 to 1860, population nearly trebled, growing from 400,000 to 1.1 million
  5. 5. 0 5 10 15 20 25 1883 1888 1893 1898 1903 1908 1913 1918 1923 1928 1933 1938 1943 1948 1953 1958 1963 1968 1973 1978 1983 1988 1993 1998 2003 2008 2013 Unemployment rate, Australia, %
  6. 6. 0 5 10 15 20 25 30 35 40 1891 1896 1901 1906 1911 1916 1921 1926 1931 1936 1941 1946 1951 1956 1961 1966 1971 1976 1981 1986 1991 1996 2001 2006 2011 Tax-to-GDP ratio, Australia, %
  7. 7. Australia’s transformation since the 1980s
  8. 8. 0 10 20 30 40 50 60 70 1985 1990 1995 2000 2005 2010 2015 Passenger motor vehicle tariff rate, Australia, %
  9. 9. -2.0% -1.0% 0.0% 1.0% 2.0% 3.0% 4.0% 5.0% 6.0% 1953 1956 1959 1962 1965 1968 1971 1974 1977 1980 1983 1986 1989 1992 1995 1998 2001 2004 2007 2010 2013 Labour productivity growth, Australia (with 5-year moving average)
  10. 10. $0 $10,000 $20,000 $30,000 $40,000 $50,000 $60,000 1950 1953 1956 1959 1962 1965 1968 1971 1974 1977 1980 1983 1986 1989 1992 1995 1998 2001 2004 2007 2010 2013 GDP per capita, inflation-adjusted US dollars Australia US
  11. 11. 70% 75% 80% 85% 90% 95% 1950 1953 1956 1959 1962 1965 1968 1971 1974 1977 1980 1983 1986 1989 1992 1995 1998 2001 2004 2007 2010 2013 Ratio of Australian to US GDP per capita
  12. 12. Where are we going from here?
  13. 13. Japanese robots
  14. 14. Any questions? Contact details Gene Tunny PO Box 1201, Milton Qld 4064 0409 727 635 gene.tunny@adepteconomics.com.au

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