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5206.0 - Australian National Accounts: National Income, Expenditure and Product, Dec 2014 Quality Declaration 
Latest ISSUE Released at 11:30 AM (CANBERRA TIME) 04/03/2015 Released Today  
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DECEMBER KEY FIGURES

Sep Qtr 2014 to Dec Qtr 2014
Dec Qtr 2013 to Dec Qtr 2014
% change
% change

GDP (Chain volume measure)
Trend
0.4
2.3
Seasonally adjusted
0.5
2.5
Final consumption expenditure (Chain volume measure)
Trend
0.7
2.5
Seasonally adjusted
0.8
2.6
Gross fixed capital formation (Chain volume measure)
Trend
-1.7
-3.6
Seasonally adjusted
0.3
-2.8
GDP chain price index
Original
-0.2
-0.7
Terms of trade
Seasonally adjusted
-1.7
-10.8
Real net national disposable income
Trend
-0.1
0.2
Seasonally adjusted
0.4
0.5


GDP growth rates, Volume measures, quarterly change
Graph: GDP growth rates, Volume measures, quarterly change

Contribution to GDP growth, Seasonally adjusted
Graph: Contribution to GDP growth, Seasonally adjusted




DECEMBER KEY POINTS


KEY AGGREGATES
  • In trend terms, GDP increased 0.4% in the December quarter 2014. Gross value added per hour worked in the market sector grew 0.1% and the Terms of trade fell 1.9%.
  • In seasonally adjusted terms, GDP increased by 0.5% in the December quarter. The Terms of trade decreased 1.7%, and Real gross domestic income increased 0.2%.


EXPENDITURE ON GDP
  • In seasonally adjusted terms, the main contributors to the increase in expenditure on GDP were Net exports (0.7 percentage points) and Final consumption expenditure (0.6 percentage points). The main detractor was Changes in inventories (-0.6 percentage points).


INDUSTRY GROSS VALUE ADDED
  • In seasonally adjusted terms, the main contributors to GDP growth were Construction and Health care and social assistance each contributing 0.1 percentage points to the increase in GDP. The main detractor to growth in GDP was Professional, scientific and technical services (-0.1 percentage points).


NOTES

FORTHCOMING ISSUES

ISSUE (QUARTER) Release Date
March 2015 3 June 2015
June 2015 2 September 2015
September 2015 2 December 2015
December 2015 2 March 2016



REVISIONS IN THIS ISSUE

There are revisions in this issue due to the incorporation of more up-to-date data and concurrent seasonal adjustment.


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Commonwealth of Australia 2015

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