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Key Economic Indicators

  2010 2011 2012 2013 2014
GDP (Nominal) $A'000 167,101.4 171,739.3 181,445.3 193,853.7  206,422.7
GDP (Nominal) growth rate -0.1% 2.8% 5.8% 6.7%  6.5%
GDP (Nominal) per capita $A 1,621 1,631 1,688 1,763  1,838
           
GDP (Real) $A'000 142,698 143,369 150,807 159,527  163,369
GDP (Real) growth rate -1.6% 0.5% 5.2% 5.8%  2.4%
           
GNI (Nominal) $A'000 262,095 244,486 286,174 323,379  379,299
GNI (Nominal) growth rate  
           
Retail Price Index growth rate -3.9% 1.5% -3.0% -1.5% 2.1%
           
Balance on Current Account $A'000 (3,681.5) (23,038.0) (8,135.0) 17,994.8 50,437.7
Exports $A'000 4,245.2 8,331.2 6,715.0 6,776.6  
Growth rate -47.2% 96.2% -19.4% 0.9%  
Imports $A'000 79,686.5 88,902.8 104,971.0 103,317.0  
Growth rate -10.4% 11.6% 18.1% -1.6%  
           
KPF public sector contributors 6,723 6,832 6,862 6,922 6,806
Growth rate -1.5% 1.6% 0.4% 0.9% -1.7%
KPF private sector contributors 2,078 2,089 2,355 2,677 3,143
Growth rate 14.2% 0.5% 12.7% 13.7% 17.4%
           
Government Revenue A$'000 84,336.0 61,849.0 91,339.2 126,764.6 187,842.6
Growth rate 21.2% -26.7% 47.7% 38.8% 48.2%
Government Expenditure A$'000 95,197 100,212.0 107,319.3 105,585.9 120,254.8
Growth rate 6.9% 5.3% 7.1% -1.6% 13.9%
Surplus (Deficit) A$'000 (10,861.4) (38,363.0) (15,980.1) 21,178.7 67,587.8
           
Development Expenditure A$'000 42,013 49,280 79,237 70,566.8  
           
Revenue Equalisation Reserve Fund $A'000 580,916.5 578,939.1 613,875.4 660,916.1 678,971.1
Growth rate 1.8% -0.3% 6.0% 7.7% 2.7%
           
Net International Investment Position $A'000 671,757.7 668,698.7 721,591.6 722,590.8 889,160.3
           
External debt $A'000 14,048.2 12,070.3 13,299.5 18,625.6 27,726.1
External debt servicing $A'000 555.5 557.6 1,302.1 902.8 737.8