Australian System of National Accounts

Latest release

Annual estimates of key economic measures, including GDP, consumption, investment, income, capital stock, productivity and balance sheets

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Reference period
2024-25 financial year
Release date and time
24/10/2025 11:30am AEDT

Key statistics

  • The Australian economy grew 1.4% in chain volume terms in 2024-25.
  • Labour productivity fell 0.7%.
  • The household saving ratio rose to 6.1% from 3.0% in 2023-24.
  • National net worth rose $0.8 trillion to $21.4 trillion.
2024-25 key figures, percentage changes
  2020-212021-222022-232023-242024-25
Chain volume GDP and related measures (a) 
 GDP2.04.33.61.41.4
 GDP per capita (b)1.63.71.4-1.0-0.3
 Gross value added market sector (c) 1.24.53.91.10.9
 Gross value added non-market sector (d) 4.74.03.53.52.7
 Real net national disposable income5.94.43.20.20.7
Productivity 
 GDP per hour worked1.71.5-3.70.1-0.7
 Gross value added per hour worked market sector (c)1.62.3-3.50.9-0.2
 Gross value added per hour worked non-market sector (c)2.3-0.5-3.4-1.0-1.9
 Real unit labour costs-2.60.5-0.53.62.2
Prices 
 GDP chain price index2.87.06.42.72.1
 Terms of trade10.012.1-0.2-6.3-4.0
Current price measures 
 GDP5.111.810.34.03.7
Saving and wealth 
 Household saving ratio (%)15.013.54.33.06.1
 National net saving ($ billions)163.7179.9167.1137.3114.2
 National net worth ($ trillions)15.317.819.120.621.4

Table shows change on preceding financial year, except for the saving and wealth measures.

  1. Reference year for chain volume measures and real income measures is 2023-24.
  2. Population estimates are as published in National, state and territory population and ABS projections.
  3. ANZSIC divisions A to N, R and S. Refer to Glossary - Market sector, in Methodology.
  4. ANZSIC divisions O to Q. Refer to Glossary - Non-market sector, in Methodology.

In this release

This edition of the Australian System National Accounts includes the following articles:

The ABS has commenced publishing estimates of labour productivity for the non-market sector industries. The series are: 

  • Gross value-added non-market sector: Chain volume measures
  • Hours worked non-market sector: Index
  • Gross value added per hour worked non-market sector: Index

These series have been added to provide further insights into the non-market sector of the economy.

The ABS has released an article titled “A primer on labour productivity”. The article explains how ABS measures labour productivity and how to interpret these statistics with a particular focus on the non-market sector. 

For information on where to find the series, refer to Revisions and changes.

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Time series spreadsheets

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Revisions and changes

Revisions in this issue

This issue incorporates the 2023-24 annual supply-use tables. For information on the role of supply-use tables in the national accounts, refer to the 2023-24 supply-use tables section below. 

The 1.4% growth in GDP for 2024-25 is a 0.1 percentage point upward revision from the result published in June quarter 2025. To balance the accounts, there are also revisions to component series arising from:

  • 2023-24 supply-use benchmarks
  • new source data
  • data confrontation

2023-24 supply-use tables

The ABS compiles supply-use (SU) tables to generate balanced annual estimates of Gross Domestic Product (GDP). The SU tables are compiled from 1994-95 to 2023-24 and result in the annual statistical discrepancies for this period being zero. Years prior to 1994-95 have a non-zero statistical discrepancy because SU tables have not been compiled, and so the data remain unbalanced. Similarly, estimates for the latest year (in this case 2024-25) have a statistical discrepancy because SU tables have not yet been constructed.

The supply table measures the goods and services produced in Australia and imports, while the use table measures the use of goods and services for intermediate consumption, final consumption, gross fixed capital formation, changes in inventories and exports. Domestic supply and intermediate consumption are cross-classified by industry and product categories, while the other components are simply classified by product category. The primary inputs table also provides information on the generation of income from production for each industry.

A large number of data sources are used to compile the national accounts, such as business activity surveys, household expenditure surveys, investment surveys, foreign trade statistics and government finance statistics. Revisions have been made to SU tables in 2021-22 and 2022-23 resulting from new and updated information received from these sources. Additionally, the SU tables have been revised in line with the updates made though the targeted historical revisions applied to the Australian National Accounts, refer to Impacts from the 2025 Annual National Accounts historical revisions for further information.

The September quarter 2025 issue of Australian National Accounts: National Income, Expenditure and Product, to be released on 3 December 2025, will also incorporate these revisions. 

The SU tables are available for download on the ABS.Stat website (.Stat Data Explorer (BETA)). Data from the SU tables are used to construct the Australian National Accounts: Input-Output Tables. These products present structural detail underlying the Australian economy and provide weights for price indexes.

If you require further information on the changes, please contact national.accounts@abs.gov.au.

Changes to publication tables

This issue of Australian System of National Accounts contains changes to publication tables Table 1. Key National Accounts Aggregates and Table 15. Labour Productivity and Input, Hours worked and Gross Value Added (GVA) per hour worked - by Industry to include series on: 

  • Gross value-added non-market sector: Chain volume measures
  • Hours worked non-market sector: Index
  • Gross value added per hour worked non-market sector: Index

These series have been added to these tables to provide further insights into the non-market sector of the economy. Quarterly and annual estimates have previously been added to the June quarter 2025 issue of Australian National Accounts: National Income, Expenditure and Product, which was released on 3 September 2025.

Related national accounts products

Australian National Accounts: Supply Use Tables 

The 2023-24 issue of Australian National Accounts: Supply Use Tables  for the period 1994-95 to 2023-24 was published on 24 October 2025. The supply-use tables were introduced in the annual National Accounts in 1998 as an integral part of the annual compilation of the Australian System of National Accounts. They are used to ensure Gross Domestic Product is balanced for all three approaches (production, expenditure and income) and provide the annual benchmarks from which the quarterly estimates are compiled. 

Upcoming releases

Previous catalogue number

This release previously used catalogue number 5204.0.

Methodology

Australian System of National Accounts methodology, 2024-25 financial year

Articles