Thursday, September 16, 2010
The new data ABS released today:
Health: During the past decade Australia's health improved - children born in 2009 were expected to live two to three years longer than those born in 1999.
Education and training: During the past 10 years, the Australian population became more educated - between 1999 and 2009 the proportion of people with a vocational or higher education qualification rose from 49% to 63%.
Work: Despite the recent economic downturn, Australia's annual average unemployment rate was lower in 2009 (5.6%) than in 1999 (6.9%).
National income: Australia experienced significant real income growth during the past decade. Between 1998-99 and 2008-09, real net national disposable income per capita grew by 2.6% a year.
National wealth: National wealth, as measured in Australia's balance sheet, grew over the last decade. Real national net worth per capita increased by about 0.9% a year between June 1999 and June 2009.
Household economic wellbeing: In the decade to 2007-08, the real average household income of low income Australians grew by 41%.