Gross Domestic Product (YoY)

The Australian Bureau of Statistics (ABS) releases the Gross Domestic Product (GDP) on a quarterly basis. It is published about 65 days after the quarter ends. The indicator is closely watched, as it paints an important picture for the economy. A strong labor market, rising wages and rising private capital expenditure data are critical for the country’s improved economic performance, which in turn impacts the Reserve Bank of Australia’s (RBA) monetary policy decision and the Australian dollar. Actual figures beating estimates is considered AUD bullish, as it could prompt the RBA to tighten its monetary policy.

Most recent - Wednesday 4 September 2024 01:30

Previous
1.3%
Revised
1.3%
Forecast
1%
Actual
1%

Trading range

Forecast history

The most recent announced value for Gross Domestic Product (YoY) was 1% against a forecast of 1%.

Past events

Date
Forecast
Actual
Wednesday 4 September 2024 01:30
1%
1%
Wednesday 5 June 2024 01:30
1.2%
1.1%
Wednesday 6 March 2024 00:30
1.4%
1.5%
Wednesday 6 December 2023 00:30
1.8%
2.1%
Wednesday 6 September 2023 01:30
1.7%
2.1%
Wednesday 7 June 2023 01:30
2.4%
2.3%
Wednesday 1 March 2023 00:30
2.7%
2.7%
Wednesday 7 December 2022 00:30
6.3%
5.9%
Wednesday 7 September 2022 01:30
3.5%
3.6%
Wednesday 1 June 2022 01:30
3%
3.3%
Wednesday 2 March 2022 00:30
3.7%
4.2%
Wednesday 1 December 2021 00:30
3%
3.9%

Economic context

Recent economic data has been broadly neutral for AUD. Other recent announcements which may affect the market's interpretation of the next Gross Domestic Product (YoY) result:

PreviousLatest
Exports (MoM)Bearish change0.3%-0.2%
Imports (MoM)Bullish change-0.6%-0.2%
Trade Balance (MoM)Bullish change5636M5644M
Judo Bank Composite PMIBearish change49.849.6
Judo Bank Services PMIBearish change50.650.5
AiG Industry IndexBullish change-23.5-18.6
Retail Sales s.a. (MoM)Bullish change0.1%0.7%
Building Permits (MoM)Bearish change11%-6.1%
RBA Interest Rate Decision(no change)4.35%4.35%
Judo Bank Composite PMIBearish change51.749.8
Judo Bank Manufacturing PMIBearish change48.546.7
Judo Bank Services PMIBearish change52.550.6

About Gross Domestic Product (YoY)

Country:Australia
Currency:AUD
Source:Australian Bureau of Statistics
Category:Economic Activity
Frequency:Quarterly

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