National Accounts: GDP by Expenditure: Constant Prices: Private Final Consumption Expenditure for Australia
Index 2015=100, Quarterly
NAEXKP02AUQ661S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
115.95
Year-over-Year Change
14.71%
Date Range
1/1/1960 - 7/1/2023
Summary
The Index 2015=100, Quarterly trend measures the real gross domestic product (GDP) per capita in Australia on a quarterly basis with 2015 as the base year.
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
This economic indicator provides insights into the productivity and living standards of the Australian population by tracking the total economic output divided by the total number of people. It is a key metric used by economists and policymakers to assess the overall health and growth of the Australian economy.
Methodology
The data is calculated by the U.S. Federal Reserve using official GDP and population statistics from Australia.
Historical Context
This trend is widely referenced by financial analysts, government agencies, and international organizations to monitor Australia's economic performance and benchmark against other developed countries.
Key Facts
- Australia's GDP per capita reached a record high in Q4 2019.
- The index fell sharply in 2020 due to the COVID-19 pandemic.
- Australia's GDP per capita is among the highest in the developed world.
FAQs
Q: What does this economic trend measure?
A: The Index 2015=100, Quarterly trend measures the real gross domestic product (GDP) per capita in Australia on a quarterly basis, with 2015 as the base year.
Q: Why is this trend relevant for users or analysts?
A: This indicator provides insights into the overall productivity and living standards of the Australian population, making it a key metric used by economists and policymakers to assess the health and growth of the Australian economy.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Federal Reserve using official GDP and population statistics from Australia.
Q: How is this trend used in economic policy?
A: This trend is widely referenced by financial analysts, government agencies, and international organizations to monitor Australia's economic performance and benchmark against other developed countries.
Q: Are there update delays or limitations?
A: The data is reported on a quarterly basis, with potential delays in the most recent quarters due to the time required for data collection and reporting.
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Citation
U.S. Federal Reserve, Index 2015=100, Quarterly (NAEXKP02AUQ661S), retrieved from FRED.