40 35 per cent 30

Medium skill Low skill

50 25 45 20 40 15 35 10

High skill Medium skill Low skill

8 -0 -0 9
5.7

per cent

-0

-0

-0

-9

-0

-0

-0

-0

World share of gDP, 2009 15

10 5 0
50 45 40 35 per cent 30 25ASEAN-5 3.5% 20 15
India Other 33% 3.5% China 12.5%

20

D ec

D ec

D ec

D ec

D ec

D ec

D ec

D ec

D ec

-0

30 global economic inDicaToRs 25

0

D ec

United States 20.5% Other 33%

GDP per capita current international dollar skill High

Australia 1.2% United Kingdom 3.1% Japan 6.0%

United States 20.5% Euro area 15.2%

Annual growth rate, constant prices (per cent)Annual growth rate, D constant prices (per cent) ec-9

10 Australia $38 911 United Kingdom Source: International Monetary Fund, World Economic 3.1% Outlook Database, April 2010. United Kingdom $34 619 5 Note: Measures of gross domestic product areUnited United purchasing power parity (PPP). calculated at Euro Japan 6.0% Japan $32 India Current internationalAustralia refers to a Japan dollar China common currency measure used by the IMF to compare States Kingdom area ASEAN-5 608 World 0 countries. Euro area $31 970 12 ASEAN-5 3.5% 10.0 Euro area 15.2% China $6 567 India 10 3.5% 8.8 9.7 India $2 941 China 12.5% 8
0 9 1 2 3 4 5 6 7 8 -0 -0 -0 -0 -0 -0 -0 -0 -0 D ec D ec D ec D ec D ec D ec D ec D ec D ec

Australia 1.2%

United States $46 381 Medium skill Australia $38 911 United Kingdom $34 619 Japan $32 608 Low skill Euro area $31 970 GDP per capita China $6 567 current international dollar India States United $2 941 $46 381
7 8 D ec -0 D ec -0 9

D ec -0

D ec -0

D ec -0

D ec -0

D ec -0

D ec -0

D ec -0

D ec -9

D ec -0

annual gDP growth rates, 2009 and 2010* 6

4 0 -2 -4 -6 -8
3.0 1.3 China 12.5%
0 20 9 10 20 20 0 20 9 10
Other 33% 2

D ec

5.4

-0

D ec

1.3 Australia

3.0

United States 20.5% 3.1

China 10.0 9.7

Japan

1.9 United States

Kingdom

GDP per capita current 1.7 United 1.3 Euro international dollar
area 1.0 ASEAN-5

4.2

12 10 8

Australia 1.2% United Kingdom 3.1%

-2.4 Japan 6.0% -4.9

Euro area 15.2%

6 ASEAN-5 3.5% 2 0 -2 -4 -6 -8

-5.2

0 20 9 10

0 20 9 10

0 20 9 10

0 20 9 10

0 20 9 10

0 20 9 10

1.9

1.3

20

1.0

Other 25.8%

Australia

China 10.0 9.7

Japan

United -2.4 States

United Kingdom

Euro area

-0.6
ASEAN-5 India World

12 10 8 6

China 23.7%

-4.9

-4.1 Other 22.5%

8.8

Annual growth rate, constant prices (per cent)

-5.2

20

0 20 9 10

India 3.5% 4

20

20

20

20

20

3.1

United States $46 381 Australia $38 911 -0.6 United Kingdom $34 619 8.8 Japan $32 608 -4.1 Euro area5.4 5.7 $31 970 4.2 China $6 567 1.7 India $2 941

India

World

United States 40

20 0 20 9 10

0 20 9 10

0 20 9 10

20 0 20 9 10

20 0 20 9 10

20 0 20 9 10

20 0 20 9 10

Brazil 2.4% 5.4

Germany 4 Source: International Monetary Fund, World Economic Outlook Database, April 2010. United Kingdom 2.8% 3.1 3.0 13.4% Netherlands 3.5% 1.7 1.9 1.3 Note: Measures of 1.3 gross domestic product are in constant prices. 3.5% 2 Canada 1.0 Taiwan * Forecasts.3.5% Korea 0 3.6% Other 25.8% 3.6% Switzerland -2 Russia 4.0% Japan 11.8% China 23.7% Norway 4.4%
-2.4 -4.1

Singapore 2.8%

India 2.5%

20 0 20 9 10

5.7

Greece 3.6%

-4.9 -6 major net exporters -5.2 importers of capital in 2009 and Brazil 2.4%

-4 -8

-0.6 France 3.8% Other 22.5% Spain 7.2% Australia 4.0% Italy 6.9% United States 40.7

net exporters of capitalGermany 13.4% Netherlands 3.5% (net lenders) Taiwan 3.5%
20 0 20 9 10 20 0 20 9 10 0 20 9 10 20 0 20 9 10 20

20 0 20 9 10

20 0 20 9 10

20 0 20 9 10

20 0 20 9 10

United Kingdom 2.8%

Korea 3.6% 8 Switzerland 3.6% Other Russia 4.0% 25.8%

Japan 11.8% Norway 4.4% China 23.7%

Greece 3.6%
Other 22.5%

20 0 20 9 10

Singapore 2.8%

net importers of capital (net borrowers) Canada 3.5%

France 3.8% Australia 4.0% Spain 7.2% Italy 6.9%

India 2.5%

7 6

20 0 20 9 10
4.2

20

20

Policy rates a start June 201 Japan United States 40.7%

Brazil 2.4% Germany 13.4% India 2.5% United Kingdom 2.8% Canada 3.5% Greece 3.6% France 3.8% Australia 4.0%

Netherlands 3.5% 5 Taiwan 3.5% 8 4 Korea 3.6% Switzerland 3.6% Russia 4.0%

Singapore 2.8%

Japan 11.8% Norway 4.4%

7 3

Italy 6.9%

China Euro area UK USA Australia Policy rates as Spain 7.2% start June 2010

per cent

Source: International Monetary Fund, World Economic Outlook Database, April 2010. Note: Net 6 2 exporters of capital as measured by countries current account surplus. Net importers of capital as measured by countries current account deficit. Measured in US dollars, not PPP adjusted. 5 1
ent
8

Japan China Euro area UK USA

Ann consta

0 -2 -4 -6
-2.4 -4.9 -4.1

-0.6

Inflation, 2009* -5.2 -8

0 20 9 10 0 20 9 10 0 20 9 10 0 20 9 10 20 20 20 20

Australia United Kingdom Euro area China Singapore 2.8% Japan Netherlands 3.5% United States
Other 25.8%

Taiwan 3.5% Greece Australias core inflation that Korea 3.6% Sources: Thomson Reuters EcoWin; DIISR estimate for 3.6% Japan Switzerland 3.6% average of the trimmed mean 11.8% weighted medianFrance 3.8% and of consumer prices. Spain 7.2% Australia 4.0% *Rates Russia 4.0% of December 2009. as at end Norway 4.4% Italy 6.9%

Headline inflation Annual growth rate (%) 2.1 China 23.7% Other 22.5% 2.8 0.9 1.9 Brazil 2.4% India 2.5% 1.7 Germany United Kingdom 2.8% 13.4% 2.8 Canada 3.5%
0 20 9 10 0 20 9 10 0 20 9 10 20 20 20

Core inflation Annual growth rate (%) 3.4 2.8 1.1 United States 40.7% 0.0 1.2 1.8
20 0 20 9 10

20

0 20 9 10

takes the

Policy interest rates

8 7 6 5 per cent 4 3 2 1 0
8 09 9 09 0 07 08 07 08 -0 -0 -0 -0 -0 np-1 nnpar pec ec ec ar Se Ju ar Ju Ju Se Se M M D D D M Ju n10 7 8 9

Policy rates as at % start June 2010 Japan China Euro area UK USA Australia 0.10 5.31 1.00 0.50 0.25 4.50

Source: Thomson Reuters EcoWin.

employment, 2009(a)
Euro area(b) United States United Kingdom Australia Japan(c) China(d) Unemployment rate % 9.9 10.0 7.8 5.5 5.2 4.3 Participation rate % 66.0 64.6 63.1 65.3 59.2 n.a.

Source: Thomson Reuters EcoWin. Notes: (a) Data as at end of December 2009. Seasonally adjusted unless otherwise specified. (b) Euro area participation rate is for 2008 and covers the age group 1564 years. (c) Japans participation rate is only available in original terms. (d) Unemployment for urban areas only.

exchange rates, national currency per Us dollar

Australia Japan China United Kingdom Euro area 2006 1.27 119.01 7.81 0.51 0.76 2007 1.14 111.33 7.30 0.50 0.69 2008 1.41 90.60 6.82 0.68 0.72 2009 1.11 92.90 6.83 0.62 0.70

Source: Thomson Reuters EcoWin. Note: Data as at end of calendar year.

Inquiries: Industry Policy and Economic Analysis Branch Tel: 02 6213 7267, email: economics@innovation.gov.au.