Essential Report

Indicators of whether the Australian economy is in a good or poor state

May 11, 2021

Q. Which of the following indicators do you think is the most important when thinking about whether the Australian economy is in a good or poor state?

  May’21 Sep’20 Sep’19
The unemployment rate 25% 39% 25%
The cost of household bills 20% 13% 22%
The size of the national deficit 13%
The amount of homeless people on the streets 11% 8% 10%
The value of the Australian dollar to international currencies 8% 12% 13%
The gross domestic product per person 7% 7% 8%
The interest rate set by Reserve Bank of Australia 7% 6% 9%
The consumer price index 5% 6% 6%
The number of new shops, restaurants and cafes opening 5% 3% 2%
The size of the national surplus 6% 6%
Base (n) 1,092 1,081 1,097

 

Total Gender Age Group Federal Voting Intention
Male Female 18-34 35-54 55+ Labor TOTAL: Coalition Greens TOTAL: Other
The unemployment rate 25% 24% 25% 28% 26% 21% 26% 21% 34% 25%
The cost of household bills 20% 19% 21% 18% 20% 21% 21% 19% 18% 18%
The size of the national deficit 13% 10% 15% 8% 13% 17% 10% 15% 7% 17%
The amount of homeless people on the streets 11% 8% 13% 11% 11% 11% 12% 8% 15% 7%
The value of the Australian dollar to international currencies 8% 9% 7% 12% 7% 6% 9% 8% 4% 7%
The gross domestic product per person 7% 9% 6% 7% 7% 8% 6% 10% 7% 6%
The interest rate set by Reserve Bank of Australia 7% 8% 6% 6% 8% 7% 7% 8% 3% 8%
The consumer price index 5% 7% 3% 6% 5% 4% 5% 6% 8% 3%
The number of new shops, restaurants and cafes opening 5% 6% 3% 5% 4% 5% 4% 5% 4% 9%
Base (n) 1,092 536 556 340 372 380 371 400 109 111
  • The unemployment rate is still thought to be the top indicator of the state of the Australian economy, with a quarter of Australians (25%) ranking it as most important.
  • Cost of household bills (20%), the size of the national deficit (13%) and levels of homelessness (11%) are also seen to be key indicators of the state of the economy.

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