5206.0 - Australian National Accounts: National Income, Expenditure and Product, Sep 2019 Quality Declaration 
Latest ISSUE Released at 11:30 AM (CANBERRA TIME) 04/12/2019   
   Page tools: Print Print Page Print all pages in this productPrint All RSS Feed RSS Bookmark and Share Search this Product

September key figures

Seasonally adjusted, percentage change (a)

Jun 18 to
Sep 18
Sep 18 to
Dec 18
Dec 18 to
Mar 19
Mar 19 to
Jun 19
Jun 19 to
Sep 19
Sep 18 to
Sep 19

Chain volume GDP and related measures (b)
GDP
0.3
0.2
0.5
0.6
0.4
1.7
GDP per capita (c)
-0.1
-0.2
0.1
0.3
-
0.2
Gross value added market sector (d)
-0.3
-0.1
0.6
0.5
0.2
1.2
Real net national disposable income
0.3
1.1
1.2
1.5
0.9
4.8
Productivity
GDP per hour worked
-
-0.3
-0.3
0.6
-0.2
-0.2
Real unit labour costs
0.1
0.1
-0.7
0.2
0.1
-0.4
Prices
GDP chain price index (original)
0.7
1.2
1.2
1.1
0.7
4.3
Terms of trade
0.8
2.5
3.3
1.4
0.4
7.8
Current price measures
GDP
1.1
1.2
1.6
1.5
1.1
5.5
Household saving ratio
2.8
3.1
3.4
2.7
4.8
na

na not available
(a) Change on preceding quarter, except for the last column which shows the change between the current quarter and the corresponding quarter of the previous year. Excludes Household saving ratio.
(b) Reference year for chain volume measures and real income measures is 2017-18.
(c) Population estimates are as published in the Australian Demographic Statistics (cat. no. 3101.0) and ABS projections.
(d) ANZSIC divisions A to N, R and S. See Glossary - Market sector.


GDP growth rates, Chain volume measures, quarterly change
Graph shows GDP growth rates, Chain volume measures, quarterly change


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

September key points

GDP summary
  • The Australian economy grew by 0.4% in seasonally adjusted chain volume terms in the September quarter.
  • Household saving ratio increased to 4.8.
  • Domestic final demand contributed 0.2 percentage points to GDP growth, driven by the public sector.
  • Net exports contributed 0.2 percentage points to GDP growth.
  • The terms of trade rose 0.4%.

Notes

Forthcoming issues

Issue (quarter)Release Date
December 20194 March 2020
March 20203 June 2020
June 20202 September 2020
September 20202 December 2020


Revisions in this issue

The estimates in this issue incorporate the 2017-18 annual supply and use tables. The supply and use tables incorporate revisions reflecting changes in methods, concepts, classifications and data sources. For more information on the role of supply and use tables in the national accounts and the major revisions please see the Analysis of Results section in Australian System of National Accounts, 2018-19 (cat. no. 5204.0).

This publication also includes the impact of re-referencing chain volume (CVM) estimates to the 2017–18 financial year. This in isolation will only affect levels of CVM estimates, generally leaving growth rates unchanged. Re-referencing can have an impact on CVM GDP growth (and other estimates) for the latest financial year (2017–18) if there are significant relative price changes between 2016–17 and 2017–18.

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


Changes in this issue

This issue includes the introduction of Mining private business investment and Non-mining private business investment in the accounts. The quarterly and annual series have been included in Table 24. Selected analytical series and Table 34. Key aggregates and analytical series, annual respectively. Methodology for these series can be found in Mining and Non-Mining Investment.


Change to Australia's Economic Territory

A new Maritime Boundary Treaty between Australia and Timor-Leste came into force on 30 August 2019. The new treaty provides exclusive jurisdiction of the former Joint Petroleum Development Area excluding Greater Sunrise in the Timor Sea to the Democratic Republic of Timor-Leste. From this publication onwards, data will reflect the new maritime boundary.


Feature article

This issue includes a feature article titled 60 years of national accounts statistics in Australia and is available on the ABS website.


Privacy

The ABS Privacy Policy outlines how the ABS will handle any personal information that you provide to the ABS.


Inquiries

For further information about these and related statistics, contact the National Information and Referral Service on 1300 135 070 or National Accounts by email <national.accounts@abs.gov.au>.