In fact, virtually all significant economic indicators except gross domestic product (GDP) growth show Australia’s economy is among the world’s best-performed.
- record employment growth;
- record employment to population ratio at 64.6%;
- record job participation at 67.3%;
- inflation in the lower half of the RBA’s optimum band;
- wages growth above inflation for five straight quarters;
- median wealth per adult as the second highest in the world;
- ASX200 above 8,000 since last September;
- poverty and homelessness reducing, according to the Productivity Commission;
- emergency calls to the National Debt Helpline declining,
- record high new car sales in 2024;
- record sales of new private aircraft;
- overseas trips in 2024 at a new record high of 11.6 million;
- enrolments in fee-paying private schools at an all-time high;
- record manufacturing gross profits last financial year (2023-24) at $47.4 billion;
- record construction profits last year, at $31.1 billion;
- record profits in several other sectors;
- household spending at a record high.
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