Australia: Real GDP: SA: QoQ

Macro

2026-06-03

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
Hashtags
GDP Australia

AI Data Insight

Australia's real GDP QoQ growth in Q1 2026 was only 0.3%, significantly slowing down from 0.8% in the previous quarter and falling below the market expectation of 0.5%. Although data center construction drove strong private investment, surging imports and severe weather disrupting mineral exports led to net trade significantly dragging down the economy. Under an environment of inflation and high interest rates, the Reserve Bank of Australia (RBA) is expected to remain on the sidelines in the short term, while the economy faces further downside risks of cooling in the medium term.

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AI Data Insight

Australia's real GDP QoQ growth in Q1 2026 was only 0.3%, significantly slowing down from 0.8% in the previous quarter and falling below the market expectation of 0.5%. Although data center construction drove strong private investment, surging imports and severe weather disrupting mineral exports led to net trade significantly dragging down the economy. Under an environment of inflation and high interest rates, the Reserve Bank of Australia (RBA) is expected to remain on the sidelines in the short term, while the economy faces further downside risks of cooling in the medium term.

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Macro
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
Hashtags
GDP Australia