National accounts

• The Australian economy rose 0.4% in seasonally adjusted chain volume measures
• GDP rose 3.4% in 2022-23
• The terms of trade fell 7.9%
• Household saving ratio decreased to 3.2% from 3.6%

• Household wealth increased $378.5b (2.6%) to $15,099.8b.
• Demand for credit was $38.1b, the weakest since June 2005.
• Australia's net lending position rose $7.7b to $16.9b this quarter.
• Capital investment as a proportion of GDP rose to 23.9%.

In June quarter 2023, there were 713,000 tourism jobs. This was:

• 20,100 (-2.7%) less jobs than March quarter 2023
• 125,300 (21.3%) more jobs than June quarter 2022
• 44,500 (-5.9%) less jobs than December quarter 2019, prior to COVID-19 pandemic
• 1 in 22 (4.6%) filled jobs in the economy

Selected series for macroeconomic analysis derived from national accounts and labour force data

Input–Output (I-O) tables provide detailed information about the supply and use of products in the Australian economy

In 2021-22:

• Gross value added (GVA) from Defence expenditure contributed $10.6b to the Australian economy, up 20.3% from the previous year
• Defence industry GVA contributed 0.49% to total economy GVA
• An estimated 61,600 employed persons were associated with Defence expenditure, a growth of 17.1% from the previous year

Integrates ABS micro and macro data to produce distributional information of household income, consumption and wealth

• Tourism gross domestic product (GDP) rose 26.4% to $35.1b in chain volume terms in 2021-22 but remains below the 2018-19 peak of $61.9b.
• Tourism's contribution to economy GDP rose to 1.6% in 2021-22 but remains below the 2018-19 level of 3.1%.
• Domestic tourism consumption rose by $5.3b to $85.0b in 2021-22 while international tourism rose by $5.6b to $6.4b in chain volume terms.
• Tourism filled jobs rose to 501,400 in 2021-22 but remains below the 2018-19 peak of 701,100 filled jobs.

Key National Accounts aggregates by state and territory

Supply-Use tables balance the three measures of GDP and provide detailed information about the supply and use of products in the Australian economy

• The Australian economy grew 3.6% in chain volume terms in 2021-22
• Labour productivity rose 1.1%
• The household saving ratio fell to 13.0%
• National net worth rose $2.3 trillion to $17.6 trillion

This product details Australian production, imports, margins, taxes, subsidies, intermediate and final usage, and exports of over 900 products

This publication presents estimates of the total contribution of transport activity across the economy, including GDP, value added and employment

Estimates of the direct contribution that NPIs make to the Australian economy, including to gross value added and gross domestic product