Glossary of acronyms

Date

ABS

Australian Bureau of Statistics

AENA

Average (non-farm) earnings on a national accounts basis

AWOTE

Average Weekly Ordinary Time Earnings (for full-time adults)

CAD

Current Account Deficit

CPI

Consumer Price Index

DAM

Decreasing Adjustment Mechanism

ETM

Elaborately Transformed Manufactures

GDP

Gross Domestic Product

GST

Goods and Services Tax

ICT

Information and Communication Technology

ITC

Input Tax Credit

MTP

Major Trading Partners

MYEFO

Mid-Year Economic and Fiscal Outlook

OECD

Organisation for Economic Co-operation and Development

R&D

Research & Development

RBA

Reserve Bank of Australia

SDR

Special Drawing Rights

USA

United States of America

VAT

Value Added Tax