$102 Billion Foregone GDP in Australian Economy since GFC

• Between 2008 and June 2015; average real GDP growth rate was 2.4% or 0.9 points lower.

• Average real GDP growth rate in Australia between 1990 and 2008 was 3.3%

• Based on 3.3% growth trend assumption and between 2008 and 2015 Australian economy could have accumulated $102 Billion more GDP

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1994 1996 1998 2000 2002 2004 2006 2008 2010 2012 2014 20170%

1%

2%

3%

4%

5%

6%

Real GDP Growth in Australia(1996-15)

HIH CollapseIntroduction of GST After math of GFC

1.9%1.8%

Highest growth rate since 1990

Mining Boom peaks

3.6%

2.3%

5.0%

GDP Trend

Swan’s $52.4 BillionStimulus Package

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2009 2010 2011 2012 2013 2014 20150.0%

0.5%

1.0%

1.5%

2.0%

2.5%

3.0%

3.5%

4.0%

Foregone Australian GDP % (2009-15)

Under

Over

Average GDP Growth Rate(1990-2008)

Mining Boom peaks

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-$102,408

Billi

on

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