National Accounts: GDP by Expenditure: Constant Prices: Gross Domestic Product: Total for Australia
Index 2015=100, Quarterly
NAEXKP01AUQ661S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
120.66
Year-over-Year Change
12.87%
Date Range
1/1/1960 - 7/1/2023
Summary
The Index 2015=100, Quarterly series measures the quarterly growth rate of real GDP for Australia. This metric is a key indicator of the overall health and performance of the Australian economy.
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 Index 2015=100, Quarterly series tracks changes in the volume of goods and services produced in Australia, adjusted for inflation. Economists and policymakers use this data to analyze economic trends and inform macroeconomic decision-making.
Methodology
The data is collected and calculated by the Australian Bureau of Statistics.
Historical Context
This GDP growth rate index is widely referenced by government, financial, and academic institutions to assess the strength of the Australian economy.
Key Facts
- Australia's GDP grew by 0.7% in Q4 2022.
- The economy expanded by 2.7% in 2022 compared to 2021.
- Household consumption was a key driver of growth in 2022.
FAQs
Q: What does this economic trend measure?
A: The Index 2015=100, Quarterly series measures the quarterly growth rate of real GDP for Australia, adjusting for inflation.
Q: Why is this trend relevant for users or analysts?
A: This GDP growth rate index is a key indicator of the overall health and performance of the Australian economy, making it essential for economists, policymakers, and market analysts.
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 GDP growth rate index is widely referenced by government, financial, and academic institutions to assess the strength of the Australian economy and inform macroeconomic decision-making.
Q: Are there update delays or limitations?
A: The data is released quarterly, with a slight delay, and may be subject to revisions as more information becomes available.
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Citation
U.S. Federal Reserve, Index 2015=100, Quarterly (NAEXKP01AUQ661S), retrieved from FRED.