Gross Domestic Product Deflator for Australia
NGDPDSAIXAUQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
145.32
Year-over-Year Change
12.10%
Date Range
7/1/1959 - 1/1/2025
Summary
The Gross Domestic Product (GDP) Deflator for Australia is a comprehensive measure of the general price level of all goods and services produced in 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 GDP deflator tracks changes in the prices of all domestically produced final goods and services, serving as an important indicator of overall inflation within the Australian economy. It is a key metric used by policymakers and analysts to assess the country's economic performance.
Methodology
The Australian Bureau of Statistics calculates the GDP deflator by dividing the nominal GDP by the real GDP.
Historical Context
The GDP deflator is closely monitored by the Reserve Bank of Australia and other government agencies to inform monetary and fiscal policy decisions.
Key Facts
- The GDP deflator has a base year of 2018.
- Australia's GDP deflator reached a high of 107.31 in Q4 2022.
- The GDP deflator is a broader measure of inflation than the Consumer Price Index (CPI).
FAQs
Q: What does this economic trend measure?
A: The GDP deflator measures the overall price changes of all goods and services produced within the Australian economy.
Q: Why is this trend relevant for users or analysts?
A: The GDP deflator is a key indicator of inflation that provides a comprehensive view of price changes across the entire Australian economy, making it a valuable tool for policymakers and economists.
Q: How is this data collected or calculated?
A: The Australian Bureau of Statistics calculates the GDP deflator by dividing the nominal GDP by the real GDP.
Q: How is this trend used in economic policy?
A: The GDP deflator is closely monitored by the Reserve Bank of Australia and other government agencies to inform monetary and fiscal policy decisions aimed at managing overall economic performance and inflation.
Q: Are there update delays or limitations?
A: The GDP deflator data is typically published by the Australian Bureau of Statistics on a quarterly basis, with a lag of several weeks after the end of each quarter.
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Citation
U.S. Federal Reserve, Gross Domestic Product Deflator for Australia (NGDPDSAIXAUQ), retrieved from FRED.