National Accounts: GDP by Expenditure: Current Prices: Changes in Inventories and Net Acquisition of Valuables for Australia
AUSCINSQDSMEI • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
523,000,000.00
Year-over-Year Change
-77.18%
Date Range
1/1/1960 - 7/1/2023
Summary
This economic trend measures changes in inventories and net acquisition of valuables for Australia's gross domestic product by expenditure. It provides insights into the dynamics of Australia's economic growth and is a key indicator for policymakers and analysts.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
The changes in inventories and net acquisition of valuables component of Australia's GDP by expenditure represents the changes in the values of physical stocks of produced goods held by businesses and the net acquisition of valuables. This metric is closely monitored to understand the role of inventory adjustments in the broader economic environment.
Methodology
The data is collected and calculated by the Australian Bureau of Statistics.
Historical Context
This trend is used by policymakers, economists, and investors to assess the health of the Australian economy and make informed decisions.
Key Facts
- Australia's GDP by expenditure includes changes in inventories and net acquisition of valuables.
- Inventory adjustments reflect businesses' production and sales dynamics.
- This metric is a leading indicator of economic conditions in Australia.
FAQs
Q: What does this economic trend measure?
A: This trend measures the changes in the values of physical stocks of produced goods held by businesses and the net acquisition of valuables as part of Australia's gross domestic product by expenditure.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the dynamics of Australia's economic growth and is closely monitored by policymakers, economists, and investors to assess the health of the Australian economy.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the Australian Bureau of Statistics.
Q: How is this trend used in economic policy?
A: This trend is used by policymakers, economists, and investors to make informed decisions about the Australian economy.
Q: Are there update delays or limitations?
A: The data is subject to the publication schedule and any limitations of the Australian Bureau of Statistics.
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Citation
U.S. Federal Reserve, National Accounts: GDP by Expenditure: Current Prices: Changes in Inventories and Net Acquisition of Valuables for Australia (AUSCINSQDSMEI), retrieved from FRED.