Australia GDP Growth Rate YoY

Info

History

Chart

Impact:

High

Source: Australian Bureau of Statistics

Latest Release:

Date:

Surprise:

0.1%

AUD

Actual:

1.3%

Forecast: 1.2%

Previous/Revision:

0.8%

Period: Q4

Next Release:

Date:

Forecast: 1.7%

Period: Q1

What Does It Measure?

The Australia GDP Growth Rate Year-over-Year measures the increase in the value of all goods and services produced in Australia over a year, reflecting the overall economic performance and health of the nation. It primarily focuses on production levels, consumer spending, business investment, government spending, and net exports, with key indicators including the percentage change in GDP relative to the same quarter in the previous year.

Frequency

This report is released quarterly, and typically provides a final figure after preliminary estimates have been issued approximately one month prior, with results being published shortly after the end of each quarter.

Why Do Traders Care?

Traders closely monitor the GDP Growth Rate as it serves as a key indicator of economic activity, influencing financial markets significantly; a stronger than expected growth rate can lead to bullish sentiments in equities and a strengthening of the Australian dollar, while weaker growth can dampen market confidence. Its timeliness provides crucial insights for economic forecasting and strategic decision-making in financial markets.

What Is It Derived From?

The GDP Growth Rate is derived from comprehensive national accounts data collected through various surveys and statistical methodologies, which include input from businesses, government reports, and industry data. It utilizes a combination of data collection methods, including expenditure and production approaches, ensuring accurate representation across diverse economic sectors.

Description

The preliminary GDP Growth Rate provides an early indication of economic activity based on early estimates of the national accounts, while the final report reflects more comprehensive and accurate data collected over additional time. This report typically focuses on the Year-over-Year (YoY) change, which compares current GDP figures to those from the same period of the previous year, thus smoothing out seasonality effects and showcasing long-term growth trends.

Additional Notes

The GDP Growth Rate is a coincident indicator, as it measures economic performance concurrent with economic activity, which can provide insights into both current economic trends and future growth potential. It is also often compared to other economic indicators such as unemployment rates and consumer confidence, aligning its results with broader global economic trends.

Bullish or Bearish for Currency and Stocks

Higher than expected: Bullish for AUD, Bullish for Stocks. Lower than expected: Bearish for AUD, Bearish for Stocks. Hawkish tone: Signaling stronger economic growth often leads to expectations of higher interest rates, which is usually good for the AUD but can be bad for Stocks due to increased borrowing costs.

Legend

High Potential Impact
This event has a strong potential to move markets significantly. If the 'Actual' value differs enough from the forecast or if the 'Previous' value is significantly revised, it signals new information that markets may rapidly adjust to.

Medium Potential Impact
This event may cause moderate market movement, especially if the 'Actual' deviates from the forecast or there's a notable revision to the 'Previous' value.

Low Potential Impact
This event is unlikely to affect market pricing unless there's an unexpected surprise or a major revision to prior data.

Surprise - Currency May Strengthen
Actual deviated from Forecast on a medium or high impact event and historically could strengthen the currency.

Surprise - Currency May Weaken
Actual deviated from Forcast on a medium or high impact event and historically could weaken the currency.

Big Surprise - Currency More Likely To Strengthen
'Actual' deviated from 'Forecast' more than 75% of historical deviations on a medium or high impact event and may likely strengthen the currency.

Big Surprise - Currency More Likely To Weaken
'Actual' deviated from 'Forecast' more than 75% of historical deviations on a medium or high impact event and may likely weaken the currency

Green Number	Better than forecast for the currency (or previous revise better)
Red Number	Worse than forecast for the currency (or previous revise better)
Hawkish	Supports higher interest rates to fight inflation, strengthening the currency but weighing on stocks.
Dovish	Favors lower rates to boost growth, weakening the currency but lifting stocks.

Date	Actual	Forecast	Previous	Surprise
Mar 05, 2025	1.3%	1.2%	0.8%	0.1%
Dec 04, 2024	0.8%	1.1%	1%	-0.3%
Sep 04, 2024	1%	1%	1.3%
Jun 05, 2024	1.1%	1.2%	1.6%	-0.1%
Mar 06, 2024	1.5%	1.4%	2.1%	0.1%
Dec 06, 2023	2.1%	1.8%	2%	0.3%
Sep 06, 2023	2.1%	1.8%	2.4%	0.3%
Jun 07, 2023	2.3%	2.4%	2.7%	-0.1%
Mar 01, 2023	2.7%	2.7%	5.9%
Dec 07, 2022	5.9%	6.2%	3.4%	-0.3%
Sep 07, 2022	3.6%	3.5%	3.3%	0.1%
Jun 01, 2022	3.3%	2.9%	4.4%	0.4%
Mar 02, 2022	4.2%	3.7%	3.9%	0.5%
Dec 01, 2021	3.9%	3%	9.5%	0.9%
Sep 01, 2021	9.6%	9.2%	1.3%	0.4%
Jun 02, 2021	1.1%	0.6%	-1%	0.5%
Mar 03, 2021	-1.1%	-1.8%	-3.7%	0.7%
Dec 02, 2020	-3.8%	-4.4%	-6.4%	0.6%
Sep 02, 2020	-6.3%	-5.2%	1.6%	-1.1%
Jun 03, 2020	1.4%	1.4%	2.2%
Mar 04, 2020	2.2%	1.9%	1.8%	0.3%
Dec 04, 2019	1.7%	1.7%	1.6%
Sep 04, 2019	1.4%	1.4%	1.7%
Jun 05, 2019	1.8%	1.8%	2.3%
Mar 06, 2019	2.3%	2.5%	2.7%	-0.2%
Dec 05, 2018	2.8%	3.3%	3.1%	-0.5%
Sep 05, 2018	3.4%	2.8%	3.2%	0.6%
Jun 06, 2018	3.1%	2.8%	2.4%	0.3%
Mar 07, 2018	2.4%	2.5%	2.9%	-0.1%
Dec 06, 2017	2.8%	3%	1.9%	-0.2%
Sep 06, 2017	1.8%	1.8%	1.7%
Jun 07, 2017	1.7%	1.5%	2.4%	0.2%
Mar 01, 2017	2.4%	1.9%	1.8%	0.5%
Dec 07, 2016	1.8%	2.5%	3.3%	-0.7%
Sep 07, 2016	3.3%	3.4%	3.1%	-0.1%
Jun 01, 2016	3.1%	2.8%	2.9%	0.3%
Mar 02, 2016	3%	2.5%	2.7%	0.5%
Dec 02, 2015	2.5%	2.4%	1.9%	0.1%
Sep 02, 2015	2%	2.2%	2.5%	-0.2%
Jun 03, 2015	2.3%	2.1%	2.5%	0.2%