Page 3 - 2016 Election: Mid-Campaign Report

Australia’s economy is strong,
but there is much work to do.

Recent economic data confirms the Coalition’s economic
plan is working, with Australia experiencing strong export
growth, economic growth and jobs growth.

It also shows now is not the time Our terms of trade are 36% lower
to take our economic growth for than the September 2011 peak under
granted. Labor.
Our momentum has been hard won,
against global economic headwinds. SintareonxUndpgPogrDmrtoAoswm,TtejEhonbtsum
To continue Australia’s economic
transition and secure our prosperity, Strong
there is much more work to do. Economic Growth

Strong Export Growth On 1 June, new National Accounts
figures confirmed the progress
On 31 May, the ABS released new being made with the Coalition
Balance of Payments data, which Government’s Economic Plan.
showed:
Exports have grown by 17% Strong export growth is helping 3
($52 billion) since the Coalition drive stronger economic growth
was elected (Sept ’13) – contributing around half of the
Exports of services have grown 3.1% GDP growth over the past
21% since the Coalition was elected year.
(Sept ’13)
In the last year, Australian service The Australian economy is growing
exports grew by 14% – the fastest faster than the US and the UK. Our
annual growth in service exports economic growth is twice the rate
since September 2000. of Canada – a comparable resource
Our exports are growing strongly, economy.
despite the continued fall in
Australia’s terms of trade (the price Our economy is growing faster than
we get for our exports, relative to the G7, the Euro Area and the OECD
our imports). average.
Australia’s terms of trade is at its
lowest level since 2005.

Mid-campaign Report