Australian National Accounts: National Income, Expenditure and Product

Latest release

Quarterly estimates of key economic flows in Australia, including gross domestic product (GDP), consumption, investment, income and saving

Reference period
June 2022
Released
7/09/2022
  • Next Release 7/12/2022
    Australian National Accounts: National Income, Expenditure and Product, September 2022
  • Next Release 1/03/2023
    Australian National Accounts: National Income, Expenditure and Product, December 2022
  • Next Release 7/06/2023
    Australian National Accounts: National Income, Expenditure and Product, March 2023
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Key statistics

  • The Australian economy rose 0.9% in seasonally adjusted chain volume measures 
  • GDP rose 3.9% in 2021-22 
  • The terms of trade rose 4.6% 
  • Household saving ratio decreased to 8.7% from 11.1% 

Economic overview

Unless otherwise stated all figures are in seasonally adjusted, chain volume measures.

The reference year for chain volume measures is 2019-20.

For more information about the changes in this issue, please see revisions and changes on this page.

June key figures, percentage changes (a)

 

  Mar 21 to Jun 21Jun 21 to Sep 21Sep 21 to Dec 21Dec 21 to Mar 22Mar 22 to Jun 22Through the year, Jun 21 to Jun 22
Chain volume GDP and related measures (b)
 GDP0.6-1.83.90.70.93.6
 GDP per capita (c)0.3-1.93.60.50.52.7
 Gross value added market sector (d)1.2-1.43.80.81.34.4
 Real net national disposable income2.1-3.82.41.92.73.0
Productivity
 GDP per hour worked-1.43.0-0.71.2-1.91.5
 Real unit labour costs0.4-0.1-1.0-2.2-1.6-4.8
Prices
 GDP chain price index (original)3.2-0.1-0.85.04.38.7
 Terms of trade6.90.6-5.17.54.67.5
Current price measures
 GDP2.7-0.33.64.14.312.1
 Household saving ratio11.719.813.511.18.7na

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 2019-20.
c. Population estimates are as published in the National, state and territory population (cat. no. 3101.0) and ABS projections.
d. ANZSIC divisions A to N, R and S. See Glossary - Market sector.

Australian economy rose 0.9% in the June quarter 2022

Gross Domestic Product (GDP) rose 0.9% this quarter, following a rise of 0.7% in March. The continued growth was aided by the first full quarter of re-opened domestic and international borders since the pandemic began. 

The Australian economy grew by 3.9% over 2021-22. This is the strongest year-on-year growth since 2011-12 and a recovery from the Delta-affected 1.6% rise in the previous financial year. For further analysis on the impacts of the pandemic on economic growth, see Economic gains and losses over the COVID-19 pandemic.

Domestic demand remains strong

Domestic final demand contributed 1.0 percentage point to GDP growth. Household final consumption expenditure contributed 1.1 percentage points, driven by increased spending on discretionary services. Government consumption detracted 0.2 percentage points, with reduced spending on health by state governments following the peak of the Omicron outbreak in March quarter.

Net trade contributed 1.0 percentage points, driven by a strong rise in exports (+5.5%), while imports recorded a partly offsetting rise (+0.7%).

Following an unprecedented inventory build-up of $7.8 billion in March, changes in inventories recorded a more moderate build-up of $1.6 billion this quarter, detracting 1.2 percentage points from GDP growth. 

a. Contributions may not be additive due to rounding.

Export demand supports growth

Exports of goods and services contributed 1.1 percentage points to GDP growth. Strength this quarter was broad-based across rural and mining goods, as well as services exports. Exports of services rose 13.7%, reflecting education-related travel as international students returned to Australia. This was the strongest rise since the Sydney Olympics boosted travel exports in September quarter 2000.

Imports detracted from growth, as the easing of travel restrictions led to increased numbers of Australians travelling abroad.

a. Contributions may not be additive due to rounding.

Increased travel contributes to household spending

Household spending rose 2.2% this quarter.

Spending on services increased 3.6%, exceeding pre-pandemic levels for the first time. The easing of travel restrictions accelerated spending on transport and other related services. Hotels, cafes and restaurants (+8.8%), transport services (+37.3%) and recreation and culture (+3.6%) all contributed to the rise. 

Spending on goods decreased 0.1%, as heightened demand during the onset of the pandemic began to stabilise.

Price pressures continue to build across the economy

Nominal GDP rose 4.3%. The GDP implicit price deflator (IPD) increased 3.3% and was 6.9% higher year-on-year. The annual price growth was the fastest since 1988-89 and was broad-based across the domestic economy and international trade.

The terms of trade rose 4.6% for the quarter, with export (+8.8%) and import prices (+3.9%) both up strongly. Continued strength in export prices reflected ongoing demand for Australia's mining and agricultural commodities amidst supply constraints in other producing nations.
        
The domestic final demand IPD rose 1.6%. This was the strongest growth since the introduction of the Goods and Services Tax, reflecting sustained levels of demand and high input costs.
 

Commodity prices drive Mining profits

Gross operating surplus plus gross mixed income (GOSMI) rose 7.3%. Mining operating surplus rose 16.9%, reflecting continued strength in commodity prices, particularly coal and liquified natural gas. Exports of mining commodities rose 17.7% in current price terms.

Non-Mining operating surplus increased 3.8%. Agriculture and Manufacturing benefitted from higher prices received for output. Other industries, including Transport, Postal and Warehousing and Accommodation and Food Services, were supported by increased activity.
 

a. Contributions may not be additive due to rounding.

Continued growth in COE as labour market tightens

COE rose 2.4% this quarter, the strongest rise since June quarter 2010. Hours worked rose 2.9%, rebounding from flood and Omicron-related absenteeism in the March quarter. Strength in COE is consistent with growth in employment in Labour Force, Australia. The number of employed persons rose 0.9% over the quarter, driven by growth in full-time employment (2.3%).

Private sector COE rose 3.1% and was the predominant contributor to growth. Wage pressures continue to build from skilled labour shortages, resulting in businesses paying more to attract and retain staff.

Mining performance drives changes in factor income shares

The recent rises in commodity prices and subsequent increases in Mining profits have impacted on the shares of factor income. The profits share of total factor income increased to a record 32.9% this quarter, while the COE share declined to a new low of 48.5%.

Excluding the Mining industry, these shares are more in line with their pre-pandemic levels.

Household saving ratio continues to decline as consumption opportunities increase

The household saving ratio declined from 11.1% to 8.7%, remaining slightly above pre-pandemic levels.

Household saving fell as the rise in household spending outpaced growth in gross disposable income. Household gross disposable income rose 1.0%, driven by gross income. Labour income (COE) increased in line with strong labour market conditions. This was partly offset by non-life insurance claims, which fell back to more normal levels following major flood events in New South Wales and Queensland in March quarter.

Income payable detracted from growth in gross disposable income, driven by income tax and interest paid. This is consistent with strong labour market outcomes and increases in interest rates during the quarter.

a. Contributions may not be additive due to rounding.

Services industries drive strength in gross value added

Gross value added rose 1.2%. Hospitality, transport and other related services industries increased strongly with the removal of restrictions and increased travel. Accommodation and Food Services (+10.7%), Transport, Postal and Warehousing (+7.5%) and Arts and Recreation Services (+3.5%) all rose. Electricity, Gas, Water and Waste Services (+4.1%) rose with cooler than usual temperatures over the quarter increasing energy consumption.

Expenditure

 

 % Change% Change% points contribution to growth in GDP
Mar 22 to Jun 22Jun 21 to Jun 22Mar 22 to Jun 22
Final consumption expenditure   
 General government-0.86.3-0.2
 Households2.26.01.1
 Total final consumption expenditure1.36.11.0
Gross fixed capital formation   
 Private   
  Dwellings-2.9-4.6-0.1
  Ownership transfer costs-2.4-3.7-
  Non-dwelling construction-5.0-2.0-0.2
  Machinery and equipment4.05.40.2
  Cultivated biological resources0.7-6.9-
  Intellectual property products-0.54.0-
 Public5.93.50.3
 Total gross fixed capital formation0.20.3-
Changes in inventoriesnana-1.2
Gross national expenditure-0.24.4-0.2
Exports of goods and services5.54.91.1
Imports of goods and services0.710.0-0.1
Statistical discrepancy (E)nana0.1
Gross domestic product0.93.60.9

- nil or rounded to zero (including null cells)
na not available

Final consumption expenditure (FCE) 1.3%

Household FCE rose 2.2%, driven by a:

  • 8.8% rise in hotels, cafes and restaurants
  • 37.3% rise in transport services
  • 3.6% rise in recreation and culture
  • 3.1% rise in health
  • 3.7% rise in clothing and footwear

The increase was partly offset by a:

  • 1.2% fall in food
  • 4.3% fall in purchase of vehicles
  • 3.0% fall in cigarettes and tobacco
  • 1.0% fall in furnishings and household equipment

General government FCE fell 0.8%, driven by a:

  • 1.2% fall in state and local
  • 3.8% fall in national defence

The decrease was partly offset by a: 

  • 0.5% rise in national non-defence

Gross fixed capital formation (GFCF) 0.2%

Private investment decreased 1.5%, driven by a:

  • 5.0% fall in non-dwelling construction
  • 2.9% fall in dwellings
  • 2.4% fall in ownership transfer costs

The decrease was partly offset by a:

  • 4.0% rise in machinery and equipment

Public investment increased 5.9%, driven by a:

  • 6.2% rise in state and local general government
  • 11.8% rise in national defence
  • 15.5% rise in commonwealth public corporations
  • 2.3% rise in state and local public corporations

Changes in inventories

Total inventories rose $1,561m following a rise of $7,816m in the March quarter. The largest contributors to the rise were a:

  • $1,317m rise in public authorities
  • $1,149m rise in manufacturing

This rise was partly offset by a:

  • $385m fall in mining
  • $347m fall in farm
  • $216m fall in wholesale trade
  • $54m fall in retail trade

Exports and imports of goods and services

Exports of goods and services rose 5.5%, driven by a:

  • 38.3% rise in travel services
  • 7.3% rise in other mineral fuels
  • 2.6% rise in mineral ores
  • 14.6% rise in non-monetary gold
  • 35.8% rise in transportation services

The rise was partly offset by a:

  • 3.8% fall in other services
  • 4.7% fall in other manufactures nes
  • 14.4% fall in goods procured in port

Imports of goods and services rose 0.7%, driven by a:

  • 62.3% rise in travel services
  • 6.0% rise in consumption goods nes
  • 24.4% rise in capital goods nes
  • 6.6% rise in fuels and lubricants

The rise was partly offset by a:

  • 15.2% fall in processed industrial supplies nes
  • 11.7% fall in non-industrial transport equipment
  • 33.7% fall in civil aircraft & confidential items

Income

Income estimates are in seasonally adjusted current prices

 % Change% Change% points contribution to growth in GDP
Mar 22 to Jun 22Jun 21 to Jun 22Mar 22 to Jun 22
Compensation of employees2.47.01.1
Gross operating surplus   
 Private non-financial corporations11.229.32.6
 Other (a)2.55.60.4
Gross mixed income4.713.50.4
Taxes less subsidies on production and imports-3.07.8-0.3
Statistical discrepancy (I)nana0.1
Gross domestic product4.312.14.3

- nil or rounded to zero (including null cells)
na not available
a. Includes Public non-financial corporations, Financial corporations, General government and Dwellings owned by persons.

Compensation of employees (COE) 2.4%

Compensation of employees rose 2.4%, private sector COE rose 3.1% and public sector COE rose 0.4%. Employed persons rose 0.9%. Private sector COE rose due to higher demand for tourism related services and the increasingly tight labour market. 

All states and territories recorded quarterly rises. The largest increases were a:

  • 3.9% rise in SA
  • 3.3% rise in Victoria
  • 3.0% rise in NSW

Gross operating surplus (GOS) 7.9%

Private non-financial corporations GOS increased 11.2%, driven by a:

  • rise in Mining driven by large rises in price for coal and LNG
  • rise in Manufacturing driven by an increase in margins on livestock and petroleum products and fertiliser

Partly offset by a:

  • fall in Information Media and Telecommunications as increased cost pressures reduced margins

Other sectors GOS rose 2.5%, driven by a:

  • 3.6% rise in financial corporations
  • 1.2% rise in dwellings owned by persons
  • 10.8% rise in public non-financial corporations

Taxes less subsidies on production and imports -3.0%

Taxes less subsidies on production and imports fell 3.0%. Taxes on production and imports fell 3.2% driven by a fall in excise tax and taxes on financial and capital transactions, partly offset by a rise in GST. The large fall in the fuel excise tax was driven by the temporary reduction of the fuel excise tax rate. Subsidies on production fell 10.3% driven by a reduction in the fuel tax credit claimed by businesses.

Production

 % Change% Change% points contribution to growth in GDP
Mar 22 to Jun 22Jun 21 to Jun 22Mar 22 to Jun 22
Agriculture, Forestry and Fishing1.611.0-
Mining0.2-0.7-
Manufacturing-1.10.6-0.1
Electricity, Gas, Water and Waste Services4.15.30.1
Construction-0.42.2-
Wholesale Trade-2.2-0.5-0.1
Retail Trade0.44.4-
Accommodation and Food Services10.77.00.2
Transport, Postal and Warehousing7.513.10.3
Information Media and Telecommunications1.68.7-
Financial and Insurance Services0.92.60.1
Rental, Hiring and Real Estate Services1.01.3-
Professional, Scientific and Technical Services1.310.50.1
Administrative and Support Services2.88.30.1
Public Administration and Safety-0.52.2-
Education and Training0.41.7-
Health Care and Social Assistance2.55.40.2
Arts and Recreation Services3.511.1-
Other Services1.93.1-
Ownership of dwellings0.41.8-
Taxes less subsidies on products-0.10.9-
Statistical discrepancy (P)nana-0.2
Gross domestic product0.93.60.9

- nil or rounded to zero (including null cells)
na not available

Agriculture, Forestry and Fishing 1.6%

  • This increase was driven by an increased summer crop production, such as sorghum, cotton, and rice. This was partly offset by a fall of 0.7% in Forestry and Fishing. 

Mining 0.2%

This increase was driven by a:

  • 3.4% rise in Oil and Gas Extraction as LNG miners increased production following outages in the March quarter 2022.  
  • 0.8% rise in Other Mining driven by copper and gold production. 
  • 0.5% rise in Iron Ore Mining driven by increased production following interruptions in the March quarter 2022. 

This was partly offset by a:

  • 10.5% fall in Exploration and Mining Support Services following a large rise in the March quarter
  • 2.8% fall in Coal Mining following impacts from adverse weather and flooding in March quarter 2022, which required unscheduled maintenance.

Manufacturing -1.1%

This decrease was driven by a: 

  • 7.9% fall in Machinery and Equipment following a large rise in the March quarter 2022. 
  • 7.0% fall in Metal Products as unplanned outages and supply chain disruptions impacted production.

This was partly offset by a:

  • 4.3% rise in Food, Beverage and Tobacco Products as abattoirs returned to higher capacity following interruptions in the March quarter 2022. 
  • 3.7% rise in Petroleum, Coal, Chemical and Rubber Products due to easing supply interruptions and demand for fuel, fertiliser and pharmaceutical products. 

Electricity, Gas, Water and Waste Services 4.1%

This increase was driven by a:

  • 5.6% rise in Electricity Supply as household demand rose in line with an early onset of cold weather.
  • 2.0% rise in Water Supply and Waste Services driven by a rise in metal recycling. This was partly offset by decreased water use due to ongoing wet weather. 
  • 7.7% rise in Gas Supply due to the early onset of cold weather.

Construction -0.4%

This decrease was driven by a: 

  • 2.7% fall in Heavy and Civil Engineering Construction driven by a fall in work done on mining projects. 
  • 2.2% fall in Building Construction driven by a fall in residential building as builders continue to report material and labour shortages. 

This was offset by:

  • 1.2% rise in Construction Services driven by repair work linked to floods in NSW and Queensland. 

Wholesale Trade -2.2%

This decrease was driven by:

  • Basic Material Wholesaling as grain exporters saw larger than usual falls in the June quarter. 
  • A fall in Motor Vehicle and Motor Vehicle Parts Wholesaling as supply constraints were reported and imports fell. 
  • A fall in Machinery and Equipment Wholesaling following a strong rise in the March quarter.

Retail Trade 0.4%

This increase was driven by:

  • Other Store Based Retailing driven by continued household demand for clothing.
  • Motor Vehicle and Motor Vehicle Parts Retailing as fuel retailing increased in line with demand for domestic travel.

This was partly offset by:

  • Food Retailing as household demand for dining out remained in line with easing COVID-19 cases, and higher levels of mobility. 

Accommodation and Food Services 10.7%

This increase was driven by:  

  • Food and Beverage Services due to increased demand for cafes, restaurants, and hospitality venues.  
  • Accommodation Services driven by hotels, that saw increased demand from business travel and domestic tourists. 

Transport, Postal and Warehousing 7.5%

This increase was driven by a: 

  • 88.0% rise in Air and Space Transport due to increasing domestic tourist and business travel.  
  • 4.9% rise in Transport, Postal and Storage services driven by increasing demand at airports and toll road operations.
  • 2.2% rise in Road Transport due to decreased COVID-19 absenteeism and wet weather impacts following the March quarter 2022.
  • 4.4% rise in Rail, Pipeline and Other Transport as demand increased for public transport and rail freight transport recovered from flooding in the March quarter 2022.

Information Media and Telecommunications 1.6%

This increase was driven by a:

  • 2.1% rise in Other Information and Media driven by increased internet advertising and cinema ticket sales.
  • 1.1% rise in Telecommunication Services driven by mobile services.

Financial and Insurance Services 0.9%

This increase was driven by a: 

  • 0.9% rise in Finance due to growth in loans and deposits, consistent with housing and business demand. 
  • 0.9% rise in Other Financial and Insurance Services driven by superannuation services. 

Rental, Hiring and Real Estate Services 1.0%

This increase was driven by a: 

  • 0.9% rise in Property Operators and Real Estate Services driven by commercial property operators, including shopping centre operators.  
  • 1.5% rise in Rental and Hiring Services as strong domestic tourism led to increased demand for hire car services. 

Professional, Scientific and Technical Services 1.3%

This increase was driven by a:

  • 1.6% rise in Other Professional, Scientific and Technical Services due to continued demand for consulting services.
  • 0.3% rise in Computer System Design and Related Services.  

Administrative and Support Services 2.8%

  • Administrative Services rose due to increased demand for travel agents. This was partly offset by a fall in Building Cleaning, Pest Control and Other Support Services with decreased demand for COVID-19 related cleaning services. 

Health Care and Social Assistance 2.5%

  • Health Care and Social Assistance rose, driven by the resumption of elective surgeries and increased demand for allied health services. 

Arts and Recreation Services 3.5%

  • Arts and Recreation Services rose as demand increased for Gambling Activities and Creative and Performing Arts. 

Other Services 1.9%

  • The rise was driven by Personal and Other Services driven by increased demand for hairdressers and personal care services following the COVID-19 cases and related staff absenteeism in the March quarter. 

State and territory final demand

 

 Percentage change from Mar 22 to Jun 22
NSWVic.QldSAWATas.NTACTAust.(a)
Final consumption expenditure         
 General government-1.0-1.5-0.12.5-0.6-1.4-6.2-0.6-0.8
 Households2.52.32.21.51.41.41.41.42.2
Gross fixed capital formation         
 Private1.5-2.7-2.41.3-1.4-0.15.21.8-1.5
 Public8.79.64.1-2.4-3.32.94.33.65.9
State final demand1.91.01.01.50.10.6-0.50.61.0

- nil or rounded to zero (including null cells)
a. Australia estimates relate to Domestic final demand.

Quarterly volume measures, seasonally adjusted

Loading map...

The map shows quarterly volume measures of state final demand by state/territory.
New South Wales' state final demand increased 1.9% for the quarter.
Victoria's state final demand increased 1.0% for the quarter.
Queensland's state final demand increased 1.0% for the quarter.
South Australia's state final demand increased 1.5% for the quarter.
Western Australia's state final demand increased 0.1% for the quarter.
Tasmania's state final demand increased 0.6% for the quarter.
Northern Territory's state final demand decreased 0.5% for the quarter.
Australian Capital Territory's state final demand increased 0.6% for the quarter.

New South Wales 1.9%

Total final consumption expenditure increased 1.5%, driven by a:

  • 2.5% increase in household consumption. Leading the rise were hotels, cafes and restaurants (10.9%), transport services (35.6%) and recreation and culture (2.8%) reflecting increased spending on discretionary and tourism related services. Electricity, gas and other household fuels also increased (10.4%) contributing to the rise.

Partly offset by a:

  • 1.0% decrease in government spending, driven by a fall of 1.2% in state and local expenditure.

Private gross fixed capital formation increased 1.5%, due to a:

  • 9.0% increase in machinery and equipment due to increased spending from the retail, construction and agriculture industries. 
  • 1.5% increase in non-dwelling construction led by strength in new building construction.

Partly offset by a:

  • 7.7% decrease in ownership transfer costs due to a slow down in the residential property market.

Public gross fixed capital formation increased 8.7%, driven by a:

  • 8.0% increase in general government led by a rise in state and local expenditure (6.5%) with increased investment into buildings and transport infrastructure. 
  • 11.0% increase in public corporations led by Commonwealth investment into national utility and transport infrastructure. 

Victoria 1.0%

Total final consumption expenditure increased 1.2%, due to a:

  • 2.3% increase in household consumption. Leading the rise were transport services (36.7%), health (5.1%), and hotels, cafes and restaurants (7.7%).

Partly offset by a:

  • 1.5% decrease in government expenditure led by a fall in state and local government (-2.9%) due to reduced spending on non-employee expenses. 

Private gross fixed capital formation decreased 2.7%, driven by a:

  • 10.9% decrease in non-dwelling construction due to higher disposals of assets to the public sector and weaker new engineering construction. 
  • 3.8% decrease in total dwellings investment reflecting weakness in new and used dwellings due to labour constraints and materials shortages. 

Partly offset by a:

  • 8.6% increase in machinery and equipment led by the delivery of vehicles and agricultural machinery and investment into information technology infrastructure.

Public gross fixed capital formation increased 9.6%, driven by a:

  • 10.0% increase in general government with strength in state and local (14.9%) due to increased investment in buildings. Second hand assets acquired from the private sector also contributed to the rise.
  • 7.1% increase in total public corporations led by strength in state and local (9.6%) from dwelling investment.
     

Queensland 1.0%

Total final consumption expenditure increased 1.5%, driven by a:

  • 2.2% increase in household consumption led by strength in recreation and culture (8.3%), hotels, cafes and restaurants (10.3%) and transport services (34.8%) as tourism activity picked up over the quarter. Health rose 4.3% as elective surgeries and allied health services rebounded from the impacts of the Omicron wave in March quarter. 

Partly offset by a:

  • 0.1% decrease in government expenditure, as national expenditure fell (-0.4%) following a strong March quarter due to flood related assistance. 

Private gross fixed capital formation fell 2.4%, driven by a:

  • 6.0% fall in total dwellings as labour and material constraints along with wet weather impacted work done on new and used dwellings, as well as alterations and additions.
  • 6.0% fall in total non-dwelling construction led by a fall in new-engineering construction and higher disposals of assets to the public sector.

Partly offset by a:

  • 6.0% rise in total machinery and equipment driven by increased investment from the mining, construction and agriculture industries.

Public gross fixed capital formation increased 4.1% driven by a:

  • 4.6% increase in state and local general government driven by second hand assets from the private sector.
  • 8.8% increase in national general government due to a rise in spending on defence assets.

South Australia 1.5%

Total final consumption expenditure increased 1.8%, driven by a:

  • 1.5% increase in household consumption driven by strength in hotels, cafes and restaurants (9.5%), transport services (35.1%) and clothing and footwear (8.3%).
  • 2.5% increase in government expenditure led by a 4.5% rise in state and local spending in areas such as health and transport.

Private gross fixed capital formation increased 1.3%, driven by a:

  • 3.1% increase in total non-dwelling construction with increases across both new buildings and new engineering construction.
  • 3.2% increase in total dwellings reflecting an increase in both new dwellings and alterations and additions. 

Partly offset by a:

  • 3.7% decrease in ownership transfer costs due to a fall in stamp duties.

Public gross fixed capital formation fell 2.4%, driven by a:

  • 11.1% decrease in state and local general government following strength in prior quarters from the education sector.

Partly offset by a:

  • 17.4% increase in state and local public corporations led by strength in utilities. 
  • 11.3% increase in national general government due to a rise in spending on defence assets and university infrastructure.
     

Western Australia 0.1%

Total final consumption expenditure increased 0.8%, due to a:

  • 1.4% increase in household consumption driven by strength in transport services (54.4%) due to reopened borders and air transport, as well as rises from clothing and footwear (8.7%) and recreation and culture (2.4%). Western Australia was the only state to record a fall in household spending on health (-2.9%) as a result of COVID-19 precautionary measures.

Partly offset by a:

  • 0.6% decrease in government expenditure driven by a fall of 1.0% in state and local spending. This follows two strong quarters of expenditure related to spending on the health sector.

Private gross fixed capital formation decreased 1.4%, due to a:

  • 6.5% fall in total non-dwelling construction due to weakness in new engineering construction from project completions.
  • 5.6% fall in intellectual property products led by a decrease in petroleum exploration expenditure.

Partly offset by a:

  • 6.7% increase in total machinery and equipment driven by continued investment from the mining sector to boost production at existing sites.

Public gross fixed capital formation decreased 3.3%, driven by a:

  • 9.4% decrease in state and local general government due to a fall in investment in road infrastructure and machinery and equipment.
  • 3.2% decrease in state and local public non-financial corporations reflecting less work done on transport infrastructure. 

Partly offset by a:

  • 11.3% increase in national general government reflecting a rise in spending on defence assets and buildings.

Tasmania 0.6%

Total final consumption expenditure increased 0.5%, due to a:

  • 1.4% increase in household consumption. Leading the rise were hotels, cafes and restaurants (8.3%), recreation and culture (5.8%) and transport services (17.1%). Also contributing to the rise was a rebound in household spending on health (4.5%) and increased consumption of electricity, gas and other household fuels (8.7%).

Partly offset by a:

  • 1.4% decrease in government expenditure driven by weakness in state and local government (-2.6%) across both employee and non-employee expenses. 

Private gross fixed capital formation decreased 0.1%, driven by a:

  • 7.6% decrease in total dwellings led by weakness in new and used dwellings as work done on new houses retreats from elevated levels in 2021. 
  • 5.4% fall in ownership transfer costs due to a slow down in the property market. 

Partly offset by a: 

  • 8.2% increase in non-dwelling construction driven by new buildings. 

Public gross fixed capital formation increased 2.9%, driven by a:

  • 4.4% increase in state and local public corporations due to investment in utilities.
  • 5.3% rise in national general government reflecting a rise in spending on defence assets.

Northern Territory -0.5%

Total final consumption expenditure decreased 2.1%, driven by a:

  • 6.2% decrease in government expenditure, led by a 10.0% decrease in state and local expenditure due to a fall in COVID-19 related spending.

Partly offset by a:

  • 1.4% increase in household consumption driven by rises in transport services (70.7%), hotels, cafes and restaurants (9.1%), recreation and culture (3.6%)  and operation of vehicles (9.6%) due to the absence of travel restrictions over the full quarter.

Private gross fixed capital formation increased 5.2%, driven by a: 

  • 5.5% increase in non-dwelling construction driven by new engineering work.
  • 14.5% increase in total dwellings driven by a strong rebound in alterations and additions. 

Partly offset by a:

  • 7.4% decrease in machinery and equipment due to reduced expenditure on mining equipment. 

Public gross fixed capital formation increased 4.3%, driven by a:

  • 34.6% increase in state and local public corporations driven by increased investment in utilities.

Australian Capital Territory 0.6%

Total final consumption expenditure increased 0.2%, driven by a:

  • 1.4% increase in household consumption due to rises in hotels, cafes and restaurants (4.4%), transport services (18.9%) and health (5.0%). 

Partly offset by a:

  • 0.6% decrease in government expenditure due to a 1.6% fall in national spending.

Private gross fixed capital formation increased 1.8%, driven by a:

  • 6.6% increase in total dwellings led by strength in work done on other dwellings such as apartments and townhouses.
  • 6.1% increase in total non-dwelling construction led by an increase in new buildings.

Partly offset by a:

  • 8.2% decrease in total machinery and equipment due to a fall in vehicle purchases.

Public gross fixed capital formation increased 3.6%, driven by a:

  • 3.4% increase in national general government reflecting a rise in spending on defence assets.

Key tables

Key national accounts aggregates

 

  Mar 21 to Jun 21Jun 21 to Sep 21Sep 21 to Dec 21Dec 21 to Mar 22Mar 22 to Jun 22Through the year, Jun 21 to Jun 22
Percentage change (a)
Chain volume GDP and related measures (b)
 GDP0.6-1.83.90.70.93.6
 GDP per capita (c)0.3-1.93.60.50.52.7
 Gross value added market sector (d)1.2-1.43.80.81.34.4
 Net domestic product0.6-2.34.60.71.03.9
Real income measures (b)
 Real gross domestic income2.0-1.52.42.42.35.6
 Real gross national income2.0-3.22.01.62.32.8
 Real net national disposable income2.1-3.82.41.92.73.0
 Real net national disposable income per capita (c)1.9-3.92.11.62.32.1
Current price measures
 GDP2.7-0.33.64.14.312.1
Productivity
 Hours worked2.0-4.74.6-0.42.92.1
 Hours worked market sector (d)2.5-6.15.9-0.24.03.2
 GDP per hour worked-1.43.0-0.71.2-1.91.5
 Gross value added per hour worked market sector (d)-1.34.9-2.01.0-2.61.2
 Real unit labour costs0.4-0.1-1.0-2.2-1.6-4.8
 Real unit labour costs - non-farm0.80.3-0.5-2.5-1.2-3.8
Prices
 GDP implicit price deflator2.11.6-0.23.33.38.3
 Domestic final demand implicit price deflator0.80.81.01.41.64.9
 Terms of trade6.90.6-5.17.54.67.5
Levels
Chain volume GDP and related measures (b)
 GDP ($m)514 593505 177524 644528 374533 092. .
 GDP per capita (c) ($)19 99119 61020 32520 42220 525. .
 Gross value added market sector (d) ($m)345 492340 566353 380356 083360 859. .
 Net domestic product ($m)424 595414 693433 681436 923441 147. .
Real income measures (b)
 Real gross domestic income ($m)537 782529 535542 032554 963567 660. .
 Real gross national income ($m)529 934513 196523 707532 200544 567. .
 Real net national disposable income ($m)438 669422 071431 995440 041451 849. .
 Real net national disposable income per capita (c) ($)17 04116 38416 73617 00717 397. .
Current price measures
 GDP ($m)543 152541 703561 451584 299609 133. .
 GDP per capita (c) ($)21 10021 02821 75122 58323 453. .
 Gross national income ($m)535 902525 396543 371562 290585 740. .
 National net saving ($m)54 84151 85647 80552 13863 417. .
 Household saving ratio11.719.813.511.18.7. .
Prices
 Terms of trade (index) (e)121.6122.4116.2124.9130.7. .

. . not applicable
- nil or rounded to zero
a. Change on preceding quarter; last column shows the change between the current quarter and the corresponding quarter of the previous year.
b. Reference year for chain volume measures and real income measures is 2019-20.
c. Population estimates are as published in the National, state and territory population (cat. no. 3101.0) and ABS projections.
d. ANZSIC divisions A to N, R and S. See Glossary - Market sector.
e. Reference year for indexes is 2019-20 = 100.0.

Revisions to percentage changes (a)

  Mar 21 to Jun 21Jun 21 to Sep 21Sep 21 to Dec 21Dec 21 to Mar 22
Percentage change (a)
Chain volume GDP and related measures (b)
 GDP-0.2-0.3-0.1
 GDP per capita (c)-0.3-0.10.10.2
 Gross value added market sector (d)-0.20.20.20.1
 Net domestic product-0.3-0.3-0.1
Real income measures (b)
 Real gross domestic income-0.60.30.20.3
 Real gross national income-0.30.2-0.30.3
 Real net national disposable income-0.40.2-0.20.5
 Real net national disposable income per capita (c)-0.40.1-0.40.6
Current price measures
 GDP-0.50.30.10.4
 Household saving ratio (e)-0.10.10.1-0.3
Productivity
 Hours worked--0.20.5
 Hours worked market sector (d)--0.10.4
 GDP per hour worked-0.3-0.10.1-0.5
 Gross value added per hour worked market sector (d)-0.30.1--0.3
 Real unit labour costs0.4-0.2-0.2-0.2
 Real unit labour costs - non-farm0.6-0.1-0.3-0.1
Prices
 Terms of trade-1.11.1-0.21.6

- nil or rounded to zero
a. Change on preceding quarter.
b. Reference year for chain volume measures and real income measures is 2019-20.
c. Population estimates are as published in the National, state and territory population (cat. no. 3101.0) and ABS projections.
d. ANZSIC divisions A to N, R and S. See Glossary - Market sector.
e. Revisions to levels.

Analytical expenditure aggregates

Percentage changes

 Mar 21 to Jun 21Jun 21 to Sep 21Sep 21 to Dec 21Dec 21 to Mar 22Mar 22 to Jun 22Through the year, Jun 21 to Jun 22Contribution to growth, Mar 22 to Jun 22
Final consumption expenditure
 General government1.63.41.02.6-0.86.3-0.2
 Households1.0-4.76.52.22.26.01.1
  Goods 0.7-3.36.41.0-0.13.8-
  Services1.3-5.76.63.03.67.31.2
  Essential0.7-0.82.1-1.02.30.3
  Discretionary1.7-11.214.65.83.911.90.8
Gross fixed capital formation  
 Private1.91.0-0.40.3-1.5-0.7-0.3
  Mining0.4-1.32.4-4.5-6.0-9.3-0.2
  Non-mining1.51.5-2.80.85.30.1
  Total private business investment1.20.80.61.0-0.81.7-0.1
 Public7.4-2.1-2.12.05.93.50.3
Final demand       
 Public 2.72.30.42.50.55.70.1
 Private 1.3-3.34.71.71.24.20.9

- nil or rounded to zero

Revisions to percentage changes

 Mar 21 to Jun 21Jun 21 to Sep 21Sep 21 to Dec 21Dec 21 to Mar 22
Final consumption expenditure
 General government0.1-0.10.6-0.1
 Households-0.1-0.10.7
  Goods--0.20.20.7
  Services--0.10.7
  Essential-0.10.20.2
  Discretionary0.1-0.20.21.5
Gross fixed capital formation
 Private-0.30.30.3-0.2
  Mining0.9-0.5-0.4-3.2
  Non-mining-0.90.80.20.4
  Total private business investment-0.40.50.1-0.5
 Public-0.50.2-0.30.3
Final demand 
 Public -0.1-0.4-
 Private -0.1-0.20.5

- nil or rounded to zero

Expenditure aggregates

Contributions to growth

 Mar 21 to Jun 21Jun 21 to Sep 21Sep 21 to Dec 21Dec 21 to Mar 22Mar 22 to Jun 22
Final consumption expenditure
 General government0.30.70.20.6-0.2
 Households0.5-2.53.41.21.1
Gross fixed capital formation
 Private0.30.2-0.1--0.3
 Public0.4-0.1-0.10.10.3
Domestic final demand1.6-1.73.41.91.0
Changes in inventories-0.2-1.01.01.0-1.2
Exports of goods and services-1.00.3-0.2-0.21.1
Imports of goods and services-0.30.5-0.1-2.1-0.1
Statistical discrepancy (E)0.40.1-0.10.10.1
Gross domestic product0.6-1.83.90.70.9

- nil or rounded to zero

Expenditure on GDP

Percentage changes

 Mar 21 to Jun 21Jun 21 to Sep 21Sep 21 to Dec 21Dec 21 to Mar 22Mar 22 to Jun 22Through the year, Jun 21 to Jun 22Contribution to growth, Mar 22 to Jun 22
Final consumption expenditure
 General government1.63.41.02.6-0.86.3-0.2
 Households1.0-4.76.52.22.26.01.1
 Total final consumption expenditure1.2-2.44.82.31.36.11.0
Private gross fixed capital formation
 Dwellings0.90.8-2.0-0.5-2.9-4.6-0.1
 Ownership transfer costs 9.92.5-1.5-2.3-2.4-3.7-
 Non-dwelling construction 0.23.40.9-1.1-5.0-2.0-0.2
 Machinery and equipment 1.1-1.2-0.93.54.05.40.2
 Cultivated biological resources 8.4-17.410.51.20.7-6.9-
 Intellectual property products 3.11.12.01.4-0.54.0-
 Total private gross fixed capital formation 1.91.0-0.40.3-1.5-0.7-0.3
Public gross fixed capital formation
 Public corporations2.4-1.51.91.05.36.80.1
 General government8.7-2.3-3.22.36.12.70.3
 Total public gross fixed capital formation 7.4-2.1-2.12.05.93.50.3
Total gross fixed capital formation3.20.3-0.80.70.20.3-
Domestic final demand1.7-1.73.51.91.04.71.0
Changes in inventories.  ..  ..  ..  ..  ..  .-1.2
Exports of goods and services-4.41.5-1.1-0.85.54.91.1
Imports of goods and services1.4-2.40.611.30.710.0-0.1
Statistical discrepancy (E).  ..  ..  ..  ..  ..  .0.1
Gross domestic product0.6-1.83.90.70.93.60.9

. . not applicable
- nil or rounded to zero

Revisions to percentage changes

 Mar 21 to Jun 21Jun 21 to Sep 21Sep 21 to Dec 21Dec 21 to Mar 22
Final consumption expenditure
 General government0.1-0.10.6-0.1
 Households-0.1-0.10.7
 Total final consumption expenditure--0.10.30.4
Private gross fixed capital formation
 Dwellings-0.10.2-0.10.5
 Ownership transfer costs --0.62.2-0.9
 Non-dwelling construction -0.40.30.5-0.9
 Machinery and equipment -0.81.6-0.2-0.1
 Cultivated biological resources 2.3-6.92.70.6
 Intellectual property products --0.1-0.2-0.1
 Total private gross fixed capital formation -0.30.30.3-0.2
Public gross fixed capital formation
 Public corporations-0.21.10.62.0
 General government-0.7--0.6-0.1
 Total public gross fixed capital formation -0.50.2-0.30.3
Total gross fixed capital formation-0.30.30.1-
Domestic final demand-0.10.10.30.3
Gross national expenditure-0.10.10.10.3
Exports of goods and services-1.00.5-0.10.1
Imports of goods and services-0.30.4-0.13.2
Gross domestic product-0.2-0.3-0.1

- nil or rounded to zero

Household final consumption expenditure

Percentage changes

 Mar 21 to Jun 21Jun 21 to Sep 21Sep 21 to Dec 21Dec 21 to Mar 22Mar 22 to Jun 22Through the year, Jun 21 to Jun 22Contribution to growth, Mar 22 to Jun 22
Food-0.65.3-2.2-1.5-1.20.2-0.1
Cigarettes and tobacco-0.9-1.2-3.2-2.2-3.0-9.3-
Alcoholic beverages-1.48.0-1.5-1.42.77.70.1
Clothing and footwear0.9-21.541.64.43.720.30.2
Rent and other dwelling services0.40.40.40.40.41.80.1
Electricity, gas and other fuel9.4-1.0-1.9-2.23.3-1.90.1
Furnishings and household equipment-0.1-4.47.90.2-1.02.4-
Health1.7-7.28.2-1.83.11.70.2
Purchase of vehicles7.2-8.9-2.712.7-4.3-4.5-0.1
Operation of vehicles1.3-12.613.81.03.03.40.1
Transport services24.0-44.158.072.337.3108.80.6
Communications0.91.41.01.61.05.1-
Recreation and culture-0.8-11.717.46.33.614.20.4
Education services0.60.50.80.60.42.4-
Hotels, cafes and restaurants2.4-20.425.77.68.817.20.6
Insurance and other financial services0.71.01.31.20.64.10.1
Other goods and services1.0-6.09.10.92.05.60.1
Total1.0-4.76.52.22.26.02.2

- nil or rounded to zero

Industry gross value added

Percentage changes

 Mar 21 to Jun 21Jun 21 to Sep 21Sep 21 to Dec 21Dec 21 to Mar 22Mar 22 to Jun 22Through the year, Jun 21 to Jun 22Contribution to growth, Mar 22 to Jun 22
Agriculture, Forestry and Fishing2.28.27.9-6.41.611.0-
Mining-1.11.7-1.3-1.30.2-0.7-
Manufacturing1.4-1.52.11.0-1.10.6-0.1
Electricity, Gas, Water and Waste Services1.40.7-1.21.74.15.30.1
Construction1.7-0.82.80.7-0.42.2-
Wholesale Trade0.6-5.84.43.5-2.2-0.5-0.1
Retail Trade0.6-3.57.00.80.44.4-
Accommodation and Food Services3.0-24.823.93.810.77.00.2
Transport, Postal and Warehousing2.8-2.33.44.27.513.10.3
Information Media and Telecommunications1.90.95.80.21.68.7-
Financial and Insurance Services1.50.41.4-0.10.92.60.1
Rental, Hiring and Real Estate Services1.0-0.21.9-1.31.01.3-
Professional, Scientific and Technical Services-0.10.35.03.61.310.50.1
Administrative and Support Services6.1-1.15.31.12.88.30.1
Public Administration and Safety0.20.81.60.2-0.52.2-
Education and Training0.30.40.40.40.41.7-
Health Care and Social Assistance2.4-2.25.9-0.72.55.40.2
Arts and Recreation Services0.1-5.89.14.43.511.1-
Other Services1.8-13.617.7-0.51.93.1-
Ownership of dwellings0.40.50.50.50.41.8-
Gross value added at basic prices1.1-1.13.30.61.24.01.1
Taxes less subsidies on products-1.0-9.38.72.4-0.10.9-
Statistical discrepancy (P).  ..  ..  ..  ..  ..  .-0.2
Gross domestic product0.6-1.83.90.70.93.60.9

. . not applicable
- nil or rounded to zero
a. Excludes ownership of dwellings.

Revisions to percentage changes

 Mar 21 to Jun 21Jun 21 to Sep 21Sep 21 to Dec 21Dec 21 to Mar 22
Agriculture, Forestry and Fishing-2.33.51.0-0.6
Mining-0.2--0.10.2
Manufacturing-0.20.2-0.1-0.1
Electricity, Gas, Water and Waste Services-0.70.6-0.50.8
Construction-0.40.10.10.5
Wholesale Trade-0.6-0.40.90.3
Retail Trade0.1--0.2-
Accommodation and Food Services---0.1
Transport, Postal and Warehousing-0.10.1--0.1
Information Media and Telecommunications----1.0
Financial and Insurance Services0.4-0.30.8-0.8
Rental, Hiring and Real Estate Services-0.40.2-0.5
Professional, Scientific and Technical Services-0.30.1-0.5
Administrative and Support Services---0.6
Public Administration and Safety----
Education and Training----
Health Care and Social Assistance--0.1-0.2
Arts and Recreation Services----
Other Services----0.3
Ownership of dwellings--0.10.1
Gross value added at basic prices-0.20.10.10.1
Taxes less subsidies on products-1.4-0.64.1-0.6
Gross domestic product-0.2-0.3-0.1

- nil or rounded to zero
a. Excludes ownership of dwellings.

Income from GDP

Seasonally adjusted current prices, percentage changes

 Mar 21 to Jun 21Jun 21 to Sep 21Sep 21 to Dec 21Dec 21 to Mar 22Mar 22 to Jun 22Through the year, Jun 21 to Jun 22Contribution to growth, Mar 22 to Jun 22
Compensation of employees
 Wages and salaries1.10.31.82.02.56.71.0
 Employers' social contributions (a)0.93.01.71.82.18.90.1
 Total compensation of employees1.10.61.81.92.47.01.1
Gross operating surplus
 Non-financial corporations
  Private non-financial corporations4.64.71.59.411.229.32.6
  Public non-financial corporations5.9-2.0-3.03.810.89.30.1
  Total non-financial corporations4.64.41.39.211.228.52.7
 Financial corporations1.61.51.31.03.67.70.2
 Total corporations4.13.91.37.910.024.92.8
 General government0.81.00.80.80.83.5-
 Dwellings owned by persons1.11.10.51.71.24.50.1
 Total gross operating surplus3.33.21.16.37.919.62.9
Gross mixed income-0.18.83.1-3.44.713.50.4
Total factor income1.82.41.73.24.912.64.4
Taxes less subsidies on production and imports12.2-26.430.915.3-3.07.8-0.3
Statistical discrepancy (I).  ..  ..  ..  ..  ..  .0.1
Gross domestic product2.7-0.33.64.14.312.14.3

. . not applicable
- nil or rounded to zero
a. Includes contributions to superannuation made by employers and payments of workers' compensation premiums.

Revisions to percentage changes

 Mar 21 to Jun 21Jun 21 to Sep 21Sep 21 to Dec 21Dec 21 to Mar 22
Compensation of employees
 Wages and salaries-0.10.1-0.20.2
 Employers' social contributions (a)-0.1-0.1-
 Total compensation of employees-0.10.1-0.20.1
Gross operating surplus
 Non-financial corporations
  Private non-financial corporations-2.1-0.10.12.1
  Public non-financial corporations-3.62.2-0.83.6
  Total non-financial corporations-2.2-0.12.2
 Financial corporations-0.10.1-0.1
 Total corporations-1.8-0.11.9
 General government----
 Dwellings owned by persons-0.20.2-0.1
 Total gross operating surplus-1.30.1-1.5
Gross mixed income0.30.20.3-0.7
Total factor income-0.60.1-0.6
Taxes less subsidies on production and imports-0.3-0.11.6-0.4
Gross domestic product-0.50.30.10.4

- nil or rounded to zero
a. Includes contributions to superannuation made by employers and payments of workers' compensation premiums.

State final demand

 Percentage change from Mar 22 to Jun 22
NSWVic.QldSAWATas.NTACTAust.(a)
Final consumption expenditure         
 General government-1.0-1.5-0.12.5-0.6-1.4-6.2-0.6-0.8
 Households2.52.32.21.51.41.41.41.42.2
Gross fixed capital formation         
 Private1.5-2.7-2.41.3-1.4-0.15.21.8-1.5
 Public8.79.64.1-2.4-3.32.94.33.65.9
State final demand1.91.01.01.50.10.6-0.50.61.0

- nil or rounded to zero (including null cells)
a. Australia estimates relate to Domestic final demand.

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Upcoming revisions - Annual Australian System of National Accounts historical revisions

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In the March quarter 2020 issue of Australian National Accounts: National Income, Expenditure and Product, the ABS advised that the method used to produce seasonally adjusted estimates would be changed from the ‘concurrent’ method to the ‘forward factors’ method for series with significant and prolonged impacts from COVID-19. 

Given the large changes in the Australian economy during the COVID-19 period and the continuing use of a forward factors approach to seasonal adjustment, the ABS has undertaken an extensive annual review of seasonally adjusted series. This review changed a range of time series treatments to ensure that the seasonal adjustment process continues to be less influenced by the large irregular movements over the past year. Revisions to most seasonally adjusted series are relatively minor, but larger than would be observed on a quarterly basis through the use of concurrent seasonal adjustment. 

For some series, the review has allowed a return to concurrent seasonal adjustment, where economic conditions are assessed to have returned to pre COVID-19 patterns. For the remaining series where this is not the case, forward factors have been calculated for the next 12 months through this annual process.

Upcoming changes to publication tables

The ABS shortly plans to publish the analytical series COE per hour worked to provide further insights into labour costs. Annual estimates will first be included in the 2021-22 issue of Australian System of National Accounts, scheduled for release on 28 October 2022. The series will be added to publication table 16. Selected Analytical Series. Subsequently, quarterly and annual estimates will be added to the September quarter 2022 issue of this publication, scheduled for release on 7 December 2022. Tables 24. Selected Analytical Series and 34. Key Aggregates and Analytical Series, Annual will be affected. For further information on the changes, please contact national.accounts@abs.gov.au.

For insights into pandemic impacts on COE per hour worked and other national accounts labour measures, please refer to the spotlight article Analytical measures of labour costs.

Data downloads

Time series spreadsheets

Data files

Data cubes

Experimental food consumption estimates using scanner data

A datacube with experimental estimates of household final consumption expenditure on food compiled using supermarket scanner data has been included in this Data downloads section.

The ABS plans to replace existing estimates of food consumption with scanner data based estimates in September quarter 2022. If you have any questions or feedback about these changes, please contact National Accounts.

Experimental HFCE Food Estimates, current price and volume, COICOP Group, SUPC and IOPC, Original

Previous catalogue number

This release previously used catalogue number 5206.0.
 

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