Australia: Nominal GDP: QoQ

Macro

2026-06-03

Description

Australia Nominal Gross Domestic Product (GDP) Quarter-on-Quarter (QoQ) Change is released by the Australian Bureau of Statistics (ABS). This indicator measures the quarterly change in the total market value of all final goods and services produced within Australia, not adjusted for inflation. It is used to assess the overall performance and health of the Australian economy. A higher QoQ change suggests a strong and expanding economy, while a lower or negative figure indicates a slowing or contracting economy.

Nominal GDP is calculated by adding up the total market value of all final goods and services produced in Australia during a given quarter, without taking inflation into account. It includes consumption, investment, government spending, and net exports (exports minus imports).

The data is updated quarterly, with results typically released around two months after the end of the quarter being measured.

Published by
Australian Bureau of Statistics (Choice)
Frequency
Quarterly
Next Update
Hashtags
GDP Australia

AI Data Insight

In the first quarter of 2026, Australia's non-seasonally adjusted nominal GDP quarter-over-quarter growth rate dropped to -6.1%, a significant pullback from the previous value of +6.1%, reflecting the traditional first-quarter off-season effect. External data shows that the seasonally adjusted real GDP only edged up by 0.3%, missing the market expectation of 0.5%. Affected by the Middle East situation driving up fuel imports and extreme weather hitting mineral exports, the overall economic momentum is facing severe challenges from high inflation and a widening trade deficit.

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AI Data Insight

In the first quarter of 2026, Australia's non-seasonally adjusted nominal GDP quarter-over-quarter growth rate dropped to -6.1%, a significant pullback from the previous value of +6.1%, reflecting the traditional first-quarter off-season effect. External data shows that the seasonally adjusted real GDP only edged up by 0.3%, missing the market expectation of 0.5%. Affected by the Middle East situation driving up fuel imports and extreme weather hitting mineral exports, the overall economic momentum is facing severe challenges from high inflation and a widening trade deficit.

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Macro
Description

Australia Nominal Gross Domestic Product (GDP) Quarter-on-Quarter (QoQ) Change is released by the Australian Bureau of Statistics (ABS). This indicator measures the quarterly change in the total market value of all final goods and services produced within Australia, not adjusted for inflation. It is used to assess the overall performance and health of the Australian economy. A higher QoQ change suggests a strong and expanding economy, while a lower or negative figure indicates a slowing or contracting economy.

Nominal GDP is calculated by adding up the total market value of all final goods and services produced in Australia during a given quarter, without taking inflation into account. It includes consumption, investment, government spending, and net exports (exports minus imports).

The data is updated quarterly, with results typically released around two months after the end of the quarter being measured.

Published by
Australian Bureau of Statistics (Choice)
Frequency
Quarterly
Next Update
Hashtags
GDP Australia