Macroeconomic indicators 2018-19

These forecasts have three main purposes:\r\n•they provide a framework for presenting the economic context in which the budget is developed;\r\n•most of the economic aggregates or their sub-components are used in the modelling of taxation and other revenue lines; and\r\n•forecasts of nominal gross state product (GSP) are used to express key financial aggregates in relation to the size of the economy, such as non-financial public sector net debt to nominal GSP.\r\n\r\nThe spreadsheet below contains the seven published aggregates for the budget papers (Budget and Budget Update):\r\n•real GSP growth;\r\n•level of nominal GSP;\r\n•employment growth;\r\n•unemployment rate;\r\n•growth in the consumer price index;\r\n•growth in the wage price index; and\r\n•annual population growth.\r\n