History in Shades of Red and Blue
Every three or so years, Australians turn out to vote in an election that the pundits tell them will define our future and the world, Australia and its economy roll along.
Andep has looked at some major indices of economic activity and, without inplying causation, averaged their progress over periods of Liberal National coalition and Labor government.
|Unemployment rate average||6.5%||4.3%|
|Consumer price index per annum||5.4%||4.5%|
|AWOTE per annum||6.8%||6.6%|
|Real wages per annum||1.2%||2.1%|
|Gross domestic product per annum||3.1%||3.0%|
|Stock market per annum||4.0%||7.3%|
|Standard variable home loan rate average||10.8%||7.9%|
|10 year government bond average||9.4%||6.9%|
|USD / AUD average||0.8743||0.8692|
Charts showing the above and the associated trend lines are available here.