Household consumption expenditure on communication in Australia attained a value of $17 billion in 2021. It recorded a growth of 13.3% in 2021 compared to the previous year. Between 2010-2021, the household consumption expenditure on communication in Australia did not significantly increase. The indicator in Australia was highest in the years 2011, 2012, and 2013 and lowest in the years 2016, 2019, and 2020, between 2010 and 2021.
This indicator refers to household consumption expenditure on communication and includes expenditures incurred by resident households on communications, which includes telecommunications, postal and internet facilities, and services.
According to GlobalData, the countries with the highest household consumption expenditure on communication in 2020 were the United States, Germany, France, Canada, Italy, Spain, Mexico, Australia, Turkey, and the Netherlands.
Montenegro, Malta, Mongolia, Luxembourg, Iceland, Bosnia and Herzegovina, Estonia, Cyprus, Latvia, and Slovenia were some of the countries with the lowest household consumption expenditure on communication in 2020.
Between 2010 and 2020, Mongolia, Azerbaijan, Iceland, Ukraine, Lithuania, Thailand, Serbia, Malta, Bulgaria, and Romania were some of the countries with the highest growth in household consumption expenditure on communication. Portugal, Italy, Turkey, Greece, France, the Netherlands, Mexico, Norway, Australia, and Spain are the countries with the lowest growth in consumption expenditure.
Australia’s median household income (PPP) hit $63,393 in 2021, an increase of 1.0% over the previous year. Between 2010 to 2021, Australia’s median household income increased by 10.2%.
The ongoing slashing of interest rates by the central bank, alongside record-high housing prices and housing debt, threatens to create a housing bubble in Australia. According to the OECD, household debt as a percentage of net disposable income was 202.1% in 2020, compared to 186.0% in 2011.
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