Breaking News

Australia Gross Domestic Product (GDP) Final Consumption

Latest Release

Sep 04, 2024

Actual

0.3%

0.6%

GDP measures summary value of goods and services generated in a relevant country or region. A region's gross domestic product, or GDP, is one of the ways for measuring the size of its economy. Production approach - The sum of the value added created through the production of goods and services within the economy. Calculation: GDP using the production approach is derived as the sum of gross value added for each industry plus taxes less subsidies on products. Market influence of GDP Unexpectedly high quarterly GDP growth is perceived to be potentially inflationary if the economy is close to full capacity; this, in turn, causes bond prices to drop and yields and interest rates to rise. Where the stock market is concerned on one side higher than expected growth leads to higher profits and that's good for the stock market.

Importance:

Country:

Currency: AUD

Source: Australian Statistician

Release Date	Time	Actual	Forecast	Previous
Sep 04, 2024 (Q2)	09:30	0.3%		0.6%
Jun 05, 2024 (Q1)	09:30	0.6%		0.5%
Mar 06, 2024 (Q4)	08:30	0.2%		0.3%
Dec 06, 2023 (Q3)	08:30	0.4%		0.2%
Sep 06, 2023 (Q2)	09:30	0.2%		0.2%
Jun 07, 2023 (Q1)	09:30	0.2%	1.4%	0.4%

News

Australian economy grows less than expected in Q3 as post-COVID boom fades By Investing.com - Dec 07, 2022

By Ambar Warrick Investing.com-- The Australian economy grew for a fourth straight quarter in the three months to September, data showed on Wednesday, but appeared to be losing momentum amid rising...

GDP Final Consumption Discussion

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