Australia: Real GDP: SA: QoQ
Macro
2025-03-06
Description
Australia Real Gross Domestic Product (GDP) is released by the Australian Bureau of Statistics (ABS). This indicator measures the value of all goods and services produced within Australia, adjusted for inflation, on a quarterly basis. It is a key indicator for assessing the overall economic performance and growth of the country. A positive quarter-on-quarter growth rate indicates economic expansion, while a negative rate indicates contraction. Generally, a growth rate above 0.5% is considered good, while a rate below 0% is considered poor.
Real GDP is derived by adjusting Nominal GDP for inflation using the GDP deflator. It includes the sum of consumption, investment, government spending, and net exports (exports minus imports). The data is seasonally adjusted to remove the effect of seasonal patterns.
The data is released quarterly, approximately 65 days after the end of each quarter.
Published by
Australian Bureau of Statistics (Choice)
Frequency
Quarterly
Next Update
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Description
Australia Real Gross Domestic Product (GDP) is released by the Australian Bureau of Statistics (ABS). This indicator measures the value of all goods and services produced within Australia, adjusted for inflation, on a quarterly basis. It is a key indicator for assessing the overall economic performance and growth of the country. A positive quarter-on-quarter growth rate indicates economic expansion, while a negative rate indicates contraction. Generally, a growth rate above 0.5% is considered good, while a rate below 0% is considered poor.
Real GDP is derived by adjusting Nominal GDP for inflation using the GDP deflator. It includes the sum of consumption, investment, government spending, and net exports (exports minus imports). The data is seasonally adjusted to remove the effect of seasonal patterns.
The data is released quarterly, approximately 65 days after the end of each quarter.