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Australian National Accounts: National Income, Expenditure and Product

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

Reference period
September 2020
Released
2/12/2020
Future releases
  • Next Release 3/03/2021
    Australian National Accounts: National Income, Expenditure and Product, December 2020
  • Next Release 2/06/2021
    Australian National Accounts: National Income, Expenditure and Product, March 2021
  • Next Release 1/09/2021
    Australian National Accounts: National Income, Expenditure and Product, June 2021
  • View all releases

Key statistics

  • The Australian economy rose 3.3% in seasonally adjusted chain volume measures
  • Through the year GDP fell 3.8%
  • The terms of trade rose 0.7%
  • Household saving ratio decreased to 18.9% from 22.1%

Economic overview

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

The reference year for chain volume measures is 2018-19.

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

September key figures, percentage changes (a)

 Jun 19 to Sep 19Sep 19 to Dec 19Dec 19 to Mar 20Mar 20 to Jun 20Jun 20 to Sep 20Sep 19 to Sep 20
Chain volume GDP and related measures (b)
 GDP0.60.4-0.3-7.03.3-3.8
 GDP per capita (c)0.2--0.6-7.23.2-4.7
 Gross value added market sector (d)0.40.1-0.6-7.93.1-5.5
 Real net national disposable income0.9-0.5-0.1-7.44.8-3.5
Productivity      
 GDP per hour worked-0.70.20.63.4-1.13.2
 Real unit labour costs-1.2-0.6-8.9-0.7-9.0
Prices      
 GDP chain price index (original)0.6-1.21.0-0.3-0.1-0.5
 Terms of trade0.6-4.40.40.90.7-2.5
Current price measures      
 GDP1.2-0.10.3-7.43.7-3.9
 Household saving ratio6.25.37.622.118.9na
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 2018-19.
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 3.3% in September quarter

Gross Domestic Product (GDP) rose 3.3% this quarter, as COVID-19 related restrictions eased across most states and territories. This follows the record 7.0% decline in the June quarter 2020. While there was an improvement in GDP this quarter, the level of activity in the economy remains lower than prior to the pandemic, reflected in a 3.8% decline through the year.

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Private demand drives the rise

Domestic final demand contributed 4.3 percentage points to GDP growth. Household final consumption expenditure contributed 4.0 percentage points as restrictions lifted for households and businesses. Public demand contributed a further 0.3 percentage points.

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Household spending recovers

After falling a record 12.5% in June quarter, household spending rebounded in September quarter, rising 7.9%. Spending remained weak, down 6.5% through the year.

Reductions in COVID-19 case numbers led to the relaxing of social distancing measures and other restrictions, encouraging spending on services which rose 9.8%. Hotels, cafes and restaurants, recreation and culture and transport services rebounded. Spending on health services recovered as deferred elective surgeries and visits to medical practitioners resumed.

Spending on goods increased 5.2% this quarter and is up 3.5% through the year.

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Melbourne lockdown constricts Victoria's economy

Victoria’s state final demand fell 1.0%, the only state to record a fall, driven by declines in household spending and investment. More stringent restrictions associated with the second lockdown resulted in a 9.8% fall through the year. Household spending declined 1.2% in September quarter, driven by clothing and footwear, furnishings and recreation and culture. Spending on food rose 6.6%, partly offsetting the fall, as households prepared for the second lockdown. 

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Household saving ratio remains at a high level

The household saving to income ratio declined from its record high last quarter, but remains elevated at 18.9%. The fall was driven by the partial recovery in household consumption, which outpaced income growth.

Household disposable income grew 3.4%, reflecting increases in both labour and non-labour income as activity in the economy increased.

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Housing activity prevents a larger fall in private investment

Private investment fell 0.2% this quarter, with increased housing investment activity offset by weaker business investment (-3.0%). Ownership transfer costs increased 21.4%, as housing market activity rebounded following social distancing measures in the previous quarter. Renovations and home improvements activity drove a 5.1% rise in alterations and additions.

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Government consumption continues to support growth

Government final consumption expenditure increased 1.4%, the ninth consecutive rise, driven by increased social benefits to households as patient visits to medical practitioners and elective surgeries resumed this quarter, following the easing of restrictions.

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Net exports detracted 1.9 percentage points from GDP

Imports of goods and services rose 6.5%, supported by increased demand for consumption goods as restrictions on the economy lifted. Exports of goods and services fell 3.2%, reflecting continued international travel bans and reduced demand for Australia's mining commodities. The detraction from net exports this quarter is the largest since September quarter 1980.

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Services industries drove gross value added

Gross value added rose 3.1% this quarter, with rises in 17 out of the 19 industries. Accommodation and Food Services and Arts and Recreation, industries that were heavily impacted by the pandemic, recorded rises following the easing of restrictions. While there were broad-based increases across the economy this quarter, the level of activity for the majority of industries remained weak through the year. 

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Rebound in compensation of employees

Compensation of employees rose 2.3% this quarter, reflecting an increase in hours worked and a rise in employment. Average compensation per employee rose 0.4%.

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Non-mining industries drove growth in operating surplus

Gross operating surplus plus gross mixed income (GOSMI) rose 3.3%, driven by non-mining industries with increased economic activity as COVID-19 restrictions eased coupled with continued support from government. 

Mining operating surplus fell 5.1% in the quarter and remained weak through the year, down 11.0%. Reduced demand for coal and LNG and falls in prices drove the fall. This result was reflected in falls in exports of these commodities.

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Expenditure

 % Change% Change% points contribution
to growth in GDP
Jun 20 to
Sep 20
Sep 19 to
Sep 20
Jun 20 to Sep 20
Final consumption expenditure   
 General government1.47.80.3
 Households7.9-6.54.0
 Total final consumption expenditure5.9-2.74.3
Gross fixed capital formation   
 Private   
  Dwellings0.6-7.6-
  Ownership transfer costs21.48.60.3
  Non-dwelling construction-4.9-9.6-0.3
  Machinery and equipment-3.7-13.0-0.1
  Cultivated biological resources6.316.7-
  Intellectual property products2.3-5.9-
 Public0.3-0.2-
 Total gross fixed capital formation-0.1-6.0-
Changes in inventoriesnana0.8
Gross national expenditure5.4-3.35.1
Exports of goods and services-3.2-14.9-0.7
Imports of goods and services6.5-13.9-1.2
Statistical discrepancy (E)nana0.1
Gross domestic product3.3-3.83.3
- nil or rounded to zero (including null cells)
na not available

 

Final consumption expenditure (FCE) 5.9%

Household FCE increased 7.9%, this was driven by a:

  • 26.0% rise in health
  • 49.7% rise in hotels, cafes and restaurants
  • 12.8% rise in recreation and culture
  • 23.4% rise in other goods and services

The increase was partly offset by a:

  • 0.9% fall in furnishings and household equipment
  • 0.9% fall in cigarettes and tobacco 
  • 0.5% fall in alcoholic beverages

General government FCE contributed to growth with a rise of 1.4%, driven by a:

  • 6.1% rise in national non-defence

The increase was partly offset by a:

  • 1.0% fall in state and local
  • 0.3% fall in national defence

Gross fixed capital formation (GFCF) -0.1%

Private investment declined 0.2%, driven by a:

  • 4.9% decrease in non-dwelling construction
  • 3.7% decrease in machinery and equipment

Public investment increased 0.3%, driven by a:

  • 8.0% increase in public corporations

The increase was partly offset by a:

  • 3.3% decrease in state and local general government

Changes in inventories

Total inventories fell $135m following a fall of $3,830m in the June quarter. The largest contributors to the fall were a:

  • $1,270m fall in wholesale trade 
  • $350m fall in mining 

The decrease was partly offset by a:

  • $745m rise in manufacturing 
  • $352m rise in public authorities
  • $309m rise in farm 

Exports and imports of goods and services

Exports of goods and services fell 3.2%, driven by a:

  • 5.9% fall in mineral ores
  • 3.8% fall in other mineral fuels
  • 16.7% fall in travel services

Imports of goods and services rose 6.5%, driven by a:

  • 48.1% rise in non-industrial transport equipment
  • 11.0% rise in fuels & lubricants
  • 18.3% rise in textile, clothing & footwear
     

Income

Income estimates are in seasonally adjusted current prices

 % Change% Change% points contribution
to growth in GDP
Jun 20 to
Sep 20
Sep 19 to
Sep 20
Jun 20 to Sep 20
Compensation of employees2.31.51.1
Gross operating surplus   
 Private non-financial corporations3.918.21.0
 Other(a)0.62.1-
Gross mixed income6.830.10.7
Taxes less subsidies on production and imports50.9-109.01.0
Statistical discrepancy (I)nana-0.2
Gross domestic product3.7-3.93.7
- 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) 2.3%

Eighteen of nineteen industries recorded an increase, driven by a:

  • 3.8% rise in Health Care and Social Assistance, due to increased demand in elective surgery and allied health services following a fall in the previous quarter
  • 11.1% rise in Accommodation and Food Services, due to increased activity as COVID-19 restrictions were eased. Employment and hours worked rose in this industry. 

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

  • 3.5% rise in Queensland
  • 3.0% rise in Tasmania

Victoria was the only state to fall through the year, down 0.5%. 

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Gross operating surplus (GOS) 2.5%

Private non-financial corporations GOS increased 3.8%, driven by a:

  • rise in Accommodation and Food Services, Transport, Postal and Warehousing and Manufacturing reflecting a rebound in business activity with easing of COVID-19 restrictions 

Partly offset by a:

  • fall in Mining driven by reduced global demand and falls in commodity prices

Other sectors GOS rose (0.6%), driven by a:

  • 1.2% rise in public non-financial corporations
  • 1.5% rise in general government
  • 0.8% rise in financial corporations

Taxes less subsidies on production and imports 50.9%

Taxes less subsidies on production and imports rose a record 50.9%, reflecting a rise in taxes, up $3.8 billion or 7.6%. The increase in taxes was driven by goods and services tax, following a fall in the previous quarter. Subsidies on production and imports remained at elevated levels driven by the JobKeeper and Boosting cash flow for employers policies.

Production

 % Change% Change% points contribution to growth in GDP
Jun 20 to Sep 20Sep 19 to Sep 20Jun 20 to Sep 20
Agriculture, Forestry and Fishing-0.6-8.7-
Mining-1.7-2.3-0.2
Manufacturing4.0-1.70.2
Electricity, Gas, Water and Waste Services1.0-2.0-
Construction2.2-8.30.2
Wholesale Trade4.7-0.20.2
Retail Trade5.62.60.2
Accommodation and Food Services41.0-19.70.6
Transport, Postal and Warehousing4.7-19.90.2
Information Media and Telecommunications6.3-2.10.1
Financial and Insurance Services0.43.0-
Rental, Hiring and Real Estate Services7.7-8.50.2
Professional, Scientific and Technical Services2.5-2.20.2
Administrative and Support Services0.8-22.1-
Public Administration and Safety1.56.00.1
Education and Training0.20.9-
Health Care and Social Assistance9.11.80.7
Arts and Recreation Services14.7-16.20.1
Other Services4.1-15.00.1
Ownership of dwellings0.41.7-
Taxes less subsidies on products7.5-9.70.4
Statistical discrepancy (P)nana-
Gross domestic product3.3-3.83.3
- nil or rounded to zero (including null cells)
na not available

 

Agriculture, Forestry and Fishing -0.6%

This decrease was driven by a:

  • 2.4% fall in Agriculture due to reduced livestock output and a rise in input costs

This was partly offset by a: 

  • 7.8% rise in Forestry and Fishing and a rise in Other Crops.

Mining -1.7%

This decrease was driven by a:

  • 3.9% fall in Oil and Gas Extraction reflecting reduced global demand 
  • 3.7% fall in Coal Mining driven by weak global demand

This was partly offset by a:

  • 0.7% rise in Iron Ore Mining reflecting increased production in response to high prices
  • 1.4% rise in Other Mining driven by copper and nickel production as global industrial demand improves

Manufacturing 4.0%

This increase was driven by a: 

  • 12.6% rise in Food, Beverage and Tobacco Products Manufacturing driven by a rise in demand from the hospitality industry
  • 5.2% rise in Other Manufacturing due to increased demand as restrictions were eased  

This was partly offset by a:

  • 8.1% fall in Petroleum, Coal, Chemical and Rubber Product Manufacturing driven by basic chemical and chemical products.

Construction 2.2%

The increase was driven by a:

  • 4.7% rise in Construction Services reflecting increased domestic demand from households

This was partly offset by a:

  • 0.9% fall in Heavy and Civil Engineering Construction with projects nearing completion and reduced investment.

Wholesale Trade 4.7%

The increase was driven by:

  • Grocery, Liquor and Tobacco Wholesaling due to increased demand from food and catering services as businesses re-opened after easing of restrictions 
  • Motor Vehicle and Motor Vehicle Parts Wholesaling driven by a rise in new passenger and industrial vehicles 

Accommodation and Food Services 41.0%

The increase was driven by a:  

  • a rise in Food and Beverage Services due to re-opening of cafes, hotels and restaurants as restrictions were eased
  • a rise in Accommodation reflecting the commencement of intrastate travel

Transport, Postal and Warehousing 4.7%

The increase was driven by a:

  • 7.3% rise in Road Transport due to increased passenger movement as restrictions were eased in most states except for Victoria
  • 2.5% rise in Transport, Postal and Storage Services driven by increased online shopping purchases. 

Rental, Hiring and Real Estate Services 7.7%

This rise was driven by a:

  • 9.5% rise in Property Operators and Real Estate Services reflecting an improvement in housing market conditions and strength in commercial properties as restrictions were eased

 
This was partly offset by a  

  • 1.7% fall in Rental and Hiring Services due to continued weak demand for car rentals and other tourism related rental services.

Professional, Scientific and Technical Services 2.5%

The increase was driven by a:

  • 3.4% rise in Other Professional, Scientific and Technical Services driven by increased services from advertising agencies, accounting and consultancy services as new projects commenced.

Administrative and Support Services 0.8%

Building Cleaning, Pest Control and Other Support Services contributed to the rise with increased demand for commercial cleaning as office based workers returned to offices. 

Health Care and Social Assistance 9.1%

The rise was driven by both public and private health services due to increased demand for medical aids, hospital and allied health services as face to face visits to practitioners and elective surgeries resumed across most states. 

Arts and Recreation Services 14.7%

The rise was broad based across the industry with rises in sports and recreation, gambling activities and performing arts as travel and social distancing restrictions were eased in most states except for Victoria. 

State and territory final demand

 Percentage change from Jun 20 to Sep 20
NSWVic.QldSAWATas.NTACTAust.(a)
Final consumption expenditure         
 General government2.23.2-0.31.8-1.3-0.74.00.51.4
 Households10.8-1.211.611.011.710.67.38.77.9
Gross fixed capital formation         
 Private1.6-4.63.50.7-2.1-2.06.2-11.4-0.2
 Public1.7-3.92.41.4-2.64.57.74.40.3
State final demand6.8-1.06.86.74.95.56.02.04.5
- nil or rounded to zero (including null cells)
a. Australia estimates relate to Domestic final demand.

 

Quarterly volume measures, seasonally adjusted

The image is a map of Australia by state/territory showing quarterly volume measures

Quarterly volume measures, seasonally adjusted

The image is a map of Australia by state/territory showing quarterly volume measures;
New South Wales' state final demand increased 6.8% for the quarter.
Victoria's state final demand decreased 1.0% for the quarter.
Queensland's state final demand increased 6.8% for the quarter.
South Australia's state final demand increased 6.7% for the quarter.
Western Australia's state final demand increased 4.9% for the quarter.
Tasmania's state final demand increased 5.5% for the quarter.
Northern Territory's state final demand increased 6.0% for the quarter.
Australian Capital Territory's state final demand increased 2.0% for the quarter.

New South Wales 6.8%

Total final consumption expenditure increased 8.4%, due to a:

  • 10.8% increase in household consumption, reflecting the recovery in expenditure on hotels, cafes and restaurants, health, and recreation and culture
  • 2.2% increase in government consumption led by an increase in social benefits to households driven by a rise in doctor visits and elective surgeries

Private gross fixed capital formation increased 1.6%, driven by a:

  • 30.3% increase in ownership transfer costs as the easing of COVID-19 restrictions allowed for more real estate activity
  • 2.1% increase in total dwellings led by a rise in alterations and additions

Partly offset by a:

  • 6.3% decrease in machinery and equipment

Public gross fixed capital formation increased 1.7%, due to a:

  • 7.8% increase in public non-financial corporations driven by increased work by utility and transport corporations

Slightly offset by a:

  • 0.6% decrease in state and local general government

Victoria -1.0%

Household final consumption expenditure decreased 1.2%, driven by a:

  • 11.4% decrease in furnishings and household equipment. Clothing and footwear and recreation and culture also declined reflecting the effects of increased restrictions in response to COVID-19 

Partly offset by a;

  • 6.6% rise in food as households prepared for the second COVID-19 lockdown

Private gross fixed capital formation decreased 4.6%, driven by a:

  • 14.3% decrease in non-dwelling construction, driven by lower activity in new building and renewable energy construction
  • 5.3% decrease in machinery and equipment, reflecting fewer purchases of vehicles

Public gross fixed capital formation decreased 3.9%, driven by a:

  • 7.6% fall in state and local general government reflecting a rise in purchases of second hand assets in the previous quarter. Underlying strength was recorded in health infrastructure

    Partly offset by a:

  • 8.9% increase in state and local public non-financial corporations, reflecting increased investment in utilities 

Government final consumption expenditure increased 3.2%, driven by a:

  • 2.2% increase in state and local general government, reflecting increased employee expenses in frontline services

Queensland 6.8%

Total final consumption expenditure increased 7.9% due to a:

  • 11.6% increase in household consumption expenditure driven by the recovery in activity in hotels, cafes and restaurants, transport services, and recreation and culture due to the easing of COVID-19 restrictions

    Partly offset by a: 

  • 0.3% fall in government consumption expenditure driven by state and local expenditure

Private gross fixed capital formation increased 3.5%, due to a:

  • 23.9% increase in ownership transfer costs as easing of  COVID-19 restrictions allowed for more real estate activity
  • 7.3% rise in machinery and equipment investment
  • 2.4% increase in total dwellings driven by an increase in alterations and additions.

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

  • 21.5% increase in state and local public non-financial corporations, reflecting increased investment in utilities

Slightly offset by a:

  • 1.4% fall in general government due to weakness from state and local as numerous projects neared completion

South Australia 6.7%

Household final consumption expenditure increased 11%, driven by a:

  • 62.4% increase in hotels, cafes and restaurants as COVID-19 restrictions eased
  • 19.9% increase in recreation and culture

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

  • 7% increase in national non-defence due to increased expenditure on medical and pharmaceutical benefits as elective surgeries and medical visits resumed

Private gross fixed capital formation increased 0.7%, driven by a:

  • 35.9% increase in ownership transfer costs as open homes and auctions resumed with easing of COVID-19 restrictions

    Partly offset by a:

  • 5.6% fall in non-dwelling construction, reflecting lower new engineering construction investment in mining and electricity 

Public gross fixed capital formation increased 1.4%, driven by a:

  • 2.6% rise in state and local general government

Western Australia 4.9%

Household final consumption expenditure increased 11.7%, driven by a:

  • 40.6% increase in health, as elective health services resumed with the easing of COVID-19 restrictions
  • 45.7% increase in hotels, cafes and restaurants as COVID-19 restrictions eased

Government final consumption expenditure decreased 1.3%, driven by a:

  • 4.1% fall in state and local general government consumption

Private gross fixed capital formation decreased 2.1%, due to a:

  • 6.7% decrease in non dwelling construction, driven by new engineering investment in mining and electricity
  • 5.6% decrease in machinery and equipment, reflecting lower automation investment in mining

Partly offset by a:

  • 58.3% rise in ownership transfer costs, reflecting the easing of restrictions on open home inspections and auctions

Public gross fixed capital formation decreased 2.6%, driven by a:

  • 9.5% decrease in state and local general government, reflecting less work done on infrastructure projects

Partly offset by a:

  • 7.3% rise in state and local public non-financial corporations, reflecting increased rail investment

Tasmania 5.5%

Household final consumption expenditure increased 10.6%, driven by a:

  • 86.1% rise in hotels, cafes and restaurants reflecting the easing of COVID-19 restrictions
  • 36.2% rise in health, reflecting the return of elective health services

Private gross fixed capital formation decreased 2.0%, driven by a:

  • 13.4% fall in non-dwelling construction

    Partly offset by a:

  • 27.5% rise in ownership transfer costs, reflecting the easing of restrictions on open home inspections and auctions

Public gross fixed capital formation increased 4.5%, driven by a:

  • 6.7% rise in state and local general government
  • 6.9% rise in state and local public non-financial corporations reflecting increased investment in energy infrastructure

Government final consumption expenditure decreased 0.7%, driven by a:

  • 2.0% decrease in state and local general government consumption

Northern Territory 6.0%

Total final consumption expenditure increased 5.8% due to a:

  • 7.3% increase in household consumption expenditure driven by the rebound in hotels, cafes and restaurants, health, recreation and culture and operation of vehicles
  • 4.0% increase in government consumption expenditure due to increased GP visits and elective surgeries due to easing of COVID-19 restrictions

Public gross fixed capital formation increased 7.7%, driven by a:

  • 28.3% rise in state and local public non-financial corporations driven by more work done in regional areas
  • 9.9% increase in state and local general government

Private gross fixed capital formation increased 6.2%, driven by a:

  • 37.9% increase in ownership transfer costs reflecting the easing of restrictions on open home inspections and auctions
  • 7.2% increase in non-dwelling construction
  • 6.3% rise in machinery and equipment driven by increased purchases of motor vehicles

Australian Capital Territory 2.0%

Total final consumption expenditure increased 3.7% due to a:

  • 8.7% increase in household consumption expenditure driven by the recovery in spending on hotels, cafes and restaurants, health, recreation and culture and other goods and services
  • 0.5% increase in government consumption expenditure driven by social benefits to households as GP visits and elective surgeries resumed with easing of COVID-19 restrictions

Public gross fixed capital formation increased 4.4%, driven by a:

  • 3.4% increase in general government investment due to a rise in state and local and national non-defence 
  • 17.2% increase in public non-financial corporations reflecting increased infrastructure investment.

Private gross fixed capital formation decreased 11.4%, driven by a:

  • 29.0% fall in non-dwelling construction
  • 7.7% decrease in dwelling construction reflecting the recent decline in approvals 
  • 10.5% decrease in machinery and equipment 

Partly offset by a:

  • 15.6% increase in ownership transfer costs following the easing of COVID-19 restrictions on auctions and in house inspections 

Key tables

Key national accounts aggregates

 Jun 19 to Sep 19Sep 19 to Dec 19Dec 19 to Mar 20Mar 20 to Jun 20Jun 20 to Sep 20Through the year, Sep 19 to Sep 20
Percentage change (a)
Chain volume GDP and related measures (b)
 GDP0.60.4-0.3-7.03.3-3.8
 GDP per capita (c)0.2--0.6-7.23.2-4.7
 Gross value added market sector (d)0.40.1-0.6-7.93.1-5.5
 Net domestic product0.60.4-0.5-8.64.0-5.1
Real income measures (b)
 Real gross domestic income0.8-0.7-0.2-6.83.5-4.5
 Real gross national income1.0-0.3--6.04.0-2.5
 Real net national disposable income0.9-0.5-0.1-7.44.8-3.5
 Real net national disposable income per capita (c)0.5-0.9-0.4-7.64.8-4.5
Current price measures
 GDP1.2-0.10.3-7.43.7-3.9
Productivity
 Hours worked1.30.2-0.9-10.14.4-6.8
 Hours worked market sector (d)1.30.4-1.3-11.85.3-8.1
 GDP per hour worked-0.70.20.63.4-1.13.2
 Gross value added per hour worked market sector (d)-0.9-0.30.84.5-2.12.8
 Real unit labour costs-1.2-0.6-8.9-0.7-9.0
 Real unit labour costs - non-farm-0.21.4-0.5-9.3-0.8-9.3
Prices
 GDP implicit price deflator0.6-0.50.6-0.40.4-
 Domestic final demand implicit price deflator0.40.40.3-0.2-0.6
 Terms of trade0.6-4.40.40.90.7-2.5
Levels
Chain volume GDP and related measures (b)
 GDP ($m)494 974496 921495 533460 710476 043.  .
 GDP per capita (c) ($)19 44419 45219 33417 94118 523.  .
 Gross value added market sector (d) ($m)337 187337 450335 526309 049318 660.  .
 Net domestic product ($m)409 549411 053409 198373 883388 713.  .
Real income measures (b)
 Real gross domestic income ($m)499 710496 195495 264461 381477 404.  .
 Real gross national income ($m)486 423484 793484 810455 827474 063.  .
 Real net national disposable income ($m)400 688398 504398 280368 609386 472.  .
 Real net national disposable income per capita (c) ($)15 74115 60015 54014 35415 038.  .
Current price measures
 GDP ($m)505 208504 553505 924468 270485 708.  .
 GDP per capita (c) ($)19 84619 75119 74018 23518 899.  .
 Gross national income ($m)491 933493 853495 497462 096482 456.  .
 National net saving ($m)33 70830 97332 14929 82428 488.  .
 Household saving ratio6.25.37.622.118.9.  .
Prices
 Terms of trade (index) (e)103.999.499.8100.6101.3.  .
. . 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 2018-19.
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 2018-19 = 100.0.

 

Revisions to percentage changes (a)

 Jun 19 to Sep 19Sep 19 to Dec 19Dec 19 to Mar 20Mar 20 to Jun 20
Chain volume GDP and related measures (b)
 GDP0.1-0.2--
 GDP per capita (c)--0.2--
 Gross value added market sector (d)--0.1-0.4
 Net domestic product0.1-0.1--
Real income measures (b)
 Real gross domestic income0.2--0.60.2
 Real gross national income0.10.1-0.60.2
 Real net national disposable income-0.1-0.80.4
 Real net national disposable income per capita (c)-0.1--0.80.4
Current price measures
 GDP0.10.1-0.60.2
 Household saving ratio (e)1.41.71.62.3
Productivity
 Hours worked0.70.1--0.3
 Hours worked market sector (d)1.10.40.10.4
 GDP per hour worked-0.6-0.3-0.3
 Gross value added per hour worked market sector (d)-1.1-0.5-0.1-1.4
 Real unit labour costs-0.2-0.20.40.9
 Real unit labour costs - non-farm-0.2-0.20.40.9
Prices
 Terms of trade0.40.7-2.70.7
- nil or rounded to zero
a. Change on preceding quarter.
b. Reference year for chain volume measures and real income measures is 2018-19.
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

 Jun 19 to Sep 19Sep 19 to Dec 19Dec 19 to Mar 20Mar 20 to Jun 20Jun 20 to Sep 20Through the year, Sep 19 to Sep 20Contribution to growth, Jun 20 to Sep 20
Final consumption expenditure
 General government0.81.21.93.01.47.80.3
 Households-0.4-1.3-12.57.9-6.54.0
  Goods-0.20.61.3-3.45.23.51.1
  Services0.20.3-2.8-17.99.8-12.22.9
  Essential-0.60.6-4.84.30.51.5
  Discretionary0.2--4.2-25.015.2-17.22.5
Gross fixed capital formation
 Private1.1-1.0-0.4-6.2-0.2-7.7-
  Mining-0.25.83.70.5-5.24.5-0.2
  Non-mining1.8-3.6-1.8-7.1-2.1-13.9-0.2
  Total private business investment1.4-1.5-0.4-5.1-3.0-9.7-0.3
 Public0.60.6-0.6-0.50.3-0.2-
Final demand
 Public0.71.11.42.31.26.10.3
 Private0.2--1.1-11.05.8-6.84.0
- nil or rounded to zero
 

Revisions to percentage changes

 Jun 19 to Sep 19Sep 19 to Dec 19Dec 19 to Mar 20Mar 20 to Jun 20
Final consumption expenditure
 General government-0.2-0.1-0.20.1
 Households-0.1--0.1-0.4
  Goods-0.50.20.2-0.6
  Services0.1-0.2-0.3-0.3
  Essential-0.40.20.1-0.6
  Discretionary0.5-0.5-0.2-
Gross fixed capital formation
 Private0.9-0.20.10.3
  Mining2.3-0.20.7-0.8
  Non-mining1.0-0.4-0.4-0.2
  Total private business investment1.4-0.4--0.3
 Public-0.50.10.3-1.5
Final demand
 Public-0.3--0.1-0.2
 Private0.1-0.1-0.1-0.2
- nil or rounded to zero

 

Expenditure aggregates

Contributions to growth

 Jun 19 to Sep 19Sep 19 to Dec 19Dec 19 to Mar 20Mar 20 to Jun 20Jun 20 to Sep 20
Final consumption expenditure
 General government0.20.20.40.60.3
 Households-0.2-0.7-6.84.0
Gross fixed capital formation
 Private0.2-0.2-0.1-1.1-
 Public-----
Domestic final demand0.40.3-0.4-7.34.3
Changes in inventories0.10.2-0.2-0.50.8
Exports of goods and services0.2-0.1-1.1-1.7-0.7
Imports of goods and services0.1-1.52.5-1.2
Statistical discrepancy (E)-0.2--0.1-0.1
Gross domestic product0.60.4-0.3-7.03.3
- nil or rounded to zero

 

Expenditure on GDP

Percentage changes

 Jun 19 to Sep 19Sep 19 to Dec 19Dec 19 to Mar 20Mar 20 to Jun 20Jun 20 to Sep 20Through the year, Sep 19 to Sep 20Contribution to growth, Jun 20 to Sep 20
Final consumption expenditure
 General government0.81.21.93.01.47.80.3
 Households-0.4-1.3-12.57.9-6.54.0
 Total final consumption expenditure0.20.6-0.4-8.35.9-2.74.3
Private gross fixed capital formation
 Dwellings-0.9-2.5-0.5-5.20.6-7.6-
 Ownership transfer costs6.99.10.6-18.621.48.60.3
 Non-dwelling construction5.9-3.20.6-2.4-4.9-9.6-0.3
 Machinery and equipment-5.0-0.2-1.4-8.2-3.7-13.0-0.1
 Cultivated biological resources-7.9-0.74.75.66.316.7-
 Intellectual property products3.50.7-1.6-7.22.3-5.9-
 Total private gross fixed capital formation1.1-1.0-0.4-6.2-0.2-7.7-
Public gross fixed capital formation
 Public corporations1.4-7.37.3-7.98.0-1.10.1
 General government0.33.1-2.81.7-1.9--0.1
 Total public gross fixed capital formation0.60.6-0.6-0.50.3-0.2-
Total gross fixed capital formation1.0-0.6-0.4-4.9-0.1-6.0-
Domestic final demand0.40.3-0.4-7.54.5-3.54.3
Changes in inventories.  ..  ..  ..  ..  ..  .0.8
Exports of goods and services0.8-0.6-4.4-7.5-3.2-14.9-0.7
Imports of goods and services-0.5-0.1-7.2-12.86.5-13.9-1.2
Statistical discrepancy (E).  ..  ..  ..  ..  ..  .0.1
Gross domestic product0.60.4-0.3-7.03.3-3.83.3
. . not applicable
- nil or rounded to zero

 

Revisions to percentage changes

  Jun 19 to Sep 19Sep 19 to Dec 19Dec 19 to Mar 20Mar 20 to Jun 20
Final consumption expenditure
 General government-0.2-0.1-0.20.1
 Households-0.1--0.1-0.4
 Total final consumption expenditure-0.2-0.1-0.1-0.2
Private gross fixed capital formation
 Dwellings0.10.20.51.6
 Ownership transfer costs--0.1-0.2-0.1
 Non-dwelling construction2.0-0.40.20.7
 Machinery and equipment0.50.10.5-1.3
 Cultivated biological resources0.12.9-0.81.8
 Intellectual property products1.5-1.1-1.7-1.2
 Total private gross fixed capital formation0.9-0.20.10.3
Public gross fixed capital formation
 Public corporations-3.30.20.3-0.7
 General government0.3-0.3-1.9
 Total public gross fixed capital formation-0.50.10.3-1.5
Total gross fixed capital formation0.6-0.10.1-
Domestic final demand--0.1--0.1
Gross national expenditure0.2-0.1-0.1-0.1
Exports of goods and services0.5-0.4--0.8
Imports of goods and services--0.3-0.50.1
Gross domestic product0.1-0.2--
- nil or rounded to zero
 

Household final consumption expenditure

Percentage changes

 Jun 19 to Sep 19Sep 19 to Dec 19Dec 19 to Mar 20Mar 20 to Jun 20Jun 20 to Sep 20Through the year, Sep 19 to Sep 20Contribution to growth, Jun 20 to Sep 20
Food-0.15.7-3.23.86.20.4
Cigarettes and tobacco-3.2-4.2-3.9-3.4-0.9-11.9-
Alcoholic beverages-0.51.03.312.5-0.516.7-
Clothing and footwear-0.32.2-8.8-18.721.8-7.70.7
Rent and other dwelling services0.50.50.40.40.31.70.1
Electricity, gas and other fuel0.12.2-0.74.34.710.90.1
Furnishings and household equipment0.41.41.39.6-0.911.5-0.1
Health0.80.6-1.4-20.126.0-0.21.6
Purchase of vehicles-1.3-2.7-2.0-17.815.4-9.50.3
Operation of vehicles-0.30.6-3.9-25.410.4-20.40.4
Transport services-1.9-1.3-14.1-86.050.7-82.20.2
Communications0.40.42.21.61.25.5-
Recreation and culture0.40.5-1.8-15.912.8-6.41.2
Education services0.20.50.40.11.02.10.1
Hotels, cafes and restaurants-1.10.9-9.4-56.349.7-40.21.6
Insurance and other financial services-0.40.2-0.50.30.50.60.1
Other goods and services0.70.1-0.9-31.523.4-16.21.2
Total-0.4-1.3-12.57.9-6.57.9
- nil or rounded to zero

 

Industry gross value added

Percentage changes

 Jun 19 to Sep 19Sep 19 to Dec 19Dec 19 to Mar 20Mar 20 to Jun 20Jun 20 to Sep 20Through the year, Sep 19 to Sep 20Contribution to growth, Jun 20 to Sep 20
Agriculture, Forestry and Fishing-1.9-3.6-2.9-1.9-0.6-8.7-
Mining2.7-0.4-0.30.1-1.7-2.3-0.2
Manufacturing-0.41.82.1-9.14.0-1.70.2
Electricity, Gas, Water and Waste Services-0.90.2-1.8-1.41.0-2.0-
Construction0.3-2.5-0.5-7.62.2-8.30.2
Wholesale Trade-0.4-1.8-6.44.7-0.20.2
Retail Trade-0.10.11.7-4.55.62.60.2
Accommodation and Food Services0.50.8-7.9-38.641.0-19.70.6
Transport, Postal and Warehousing-0.42.2-4.8-21.44.7-19.90.2
Information Media and Telecommunications-0.1-0.8-8.76.3-2.10.1
Financial and Insurance Services-0.61.20.80.43.0-
Rental, Hiring and Real Estate Services0.72.7-2.0-15.67.7-8.50.2
Professional, Scientific and Technical Services1.10.21.3-6.02.5-2.20.2
Administrative and Support Services0.8-0.9-3.7-18.90.8-22.1-
Public Administration and Safety1.81.22.30.91.56.00.1
Education and Training0.30.30.20.20.20.9-
Health Care and Social Assistance2.51.6-0.1-8.19.11.80.7
Arts and Recreation Services0.3-1.2-2.8-23.914.7-16.20.1
Other Services-2.21.3-4.0-16.04.1-15.00.1
Ownership of dwellings0.40.50.40.40.41.7-
Gross value added at basic prices0.60.3-0.2-6.33.1-3.32.9
Taxes less subsidies on products-0.10.1-0.1-16.07.5-9.70.4
Statistical discrepancy (P).  ..  ..  ..  ..  ..  .-
Gross domestic product0.60.4-0.3-7.03.3-3.83.3
. . not applicable
- nil or rounded to zero
a. Excludes ownership of dwellings.

 

Revisions to percentage changes

 Jun 19 to Sep 19Sep 19 to Dec 19Dec 19 to Mar 20Mar 20 to Jun 20
Agriculture, Forestry and Fishing0.6-3.4-1.0-
Mining0.8-0.3-0.1
Manufacturing0.1-0.3-0.20.5
Electricity, Gas, Water and Waste Services-0.30.10.10.1
Construction-0.4-0.10.10.6
Wholesale Trade0.3-0.20.1-0.5
Retail Trade----
Accommodation and Food Services0.10.3-0.4
Transport, Postal and Warehousing---0.20.1
Information Media and Telecommunications-0.8-0.10.3-
Financial and Insurance Services-0.50.1-0.1
Rental, Hiring and Real Estate Services-0.1-0.10.3
Professional, Scientific and Technical Services-0.1--0.2
Administrative and Support Services-0.1-1.2
Public Administration and Safety0.40.30.2-
Education and Training-0.3-0.3-0.2-0.2
Health Care and Social Assistance-0.1---0.2
Arts and Recreation Services-0.2-0.4-0.5-1.3
Other Services-0.60.20.12.5
Ownership of dwellings-0.2-0.1-0.2-0.2
Gross value added at basic prices--0.1-0.2
Taxes less subsidies on products0.4-0.1-0.1-0.4
Gross domestic product0.1-0.2--
- nil or rounded to zero
a. Excludes ownership of dwellings.

 

Income from GDP

Current prices, percentage changes

 Jun 19 to Sep 19Sep 19 to Dec 19Dec 19 to Mar 20Mar 20 to Jun 20Jun 20 to Sep 20Through the year, Sep 19 to Sep 20Contribution to growth, Jun 20 to Sep 20
Compensation of employees
 Wages and salaries1.11.00.5-2.32.31.41.0
 Employers' social contributions (a)1.00.90.7-1.72.12.00.1
 Total compensation of employees1.01.00.5-2.32.31.51.1
Gross operating surplus
 Non-financial corporations
  Private non-financial corporations2.3-2.1-2.018.73.818.21.0
  Public non-financial corporations-7.74.71.8-1.31.26.5-
  Total non-financial corporations1.9-1.9-1.817.93.817.81.0
 Financial corporations0.30.11.1-0.90.81.1-
 Total corporations1.6-1.5-1.213.93.214.41.0
 General government0.91.21.31.41.55.5-
 Dwellings owned by persons0.50.70.9-0.2-1.5-
 Total gross operating surplus1.3-0.9-0.610.22.511.31.0
Gross mixed income-0.4--0.322.26.830.10.7
Total factor income1.00.2-4.62.87.82.9
Taxes less subsidies on production and imports1.2-1.31.4-118.350.9-109.01.0
Statistical discrepancy (I).  ..  ..  ..  ..  ..  .-0.2
Gross domestic product1.2-0.10.3-7.43.7-3.93.7
. . 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

 Jun 19 to Sep 19Sep 19 to Dec 19Dec 19 to Mar 20Mar 20 to Jun 20
Compensation of employees
 Wages and salaries-0.1--0.10.2
 Employers' social contributions (a)-0.2-0.1-0.10.2
 Total compensation of employees-0.2--0.20.2
Gross operating surplus
 Non-financial corporations    
  Private non-financial corporations-0.1-3.03.8
  Public non-financial corporations-1.33.1-0.6-3.3
  Total non-financial corporations-0.10.1-2.93.5
 Financial corporations-0.6-0.6-0.2-0.4
 Total corporations-0.1-0.1-2.32.8
 General government-0.4-0.2-0.1-0.1
 Dwellings owned by persons0.20.40.40.1
 Total gross operating surplus-0.1--1.62.0
Gross mixed income0.40.70.20.3
Total factor income-0.10.1-0.70.8
Taxes less subsidies on production and imports0.10.1-0.1-
Gross domestic product0.10.1-0.60.2
- 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 Jun 20 to Sep 20
NSWVic.QldSAWATas.NTACTAust.(a)
Final consumption expenditure         
 General government2.23.2-0.31.8-1.3-0.74.00.51.4
 Households10.8-1.211.611.011.710.67.38.77.9
Gross fixed capital formation         
 Private1.6-4.63.50.7-2.1-2.06.2-11.4-0.2
 Public1.7-3.92.41.4-2.64.57.74.40.3
State final demand6.8-1.06.86.74.95.56.02.04.5
- nil or rounded to zero (including null cells)
a. Australia estimates relate to Domestic final demand.

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Revisions and changes

Revisions in this issue

The estimates in this issue incorporate the 2018-19 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 2018-19 supply and use tables section in Australian System of National Accounts, 2019-20 (cat. no. 5204.0).

This issue also includes the following changes:

  • the impact of re-referencing chain volume (CVM) estimates to the 2018–19 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 (2019–20) if there are significant relative price changes between 2017–18 and 2018–19.
  • incorporation of revisions to seasonal adjustment in the balance of payments from improved methodology and seasonal reanalysis. These revisions impact from September quarter 2019.
  • incorporation of revisions from Government Finance Statistics, with revised June quarter 2020 estimates for Commonwealth subsidy expenses due to updated timing calculations.

Suspension of trend estimates

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Changes in the seasonal adjustment process

Series with significant and prolonged impacts from COVID-19 will use forward seasonal factors to produce seasonally adjusted estimates instead of the standard concurrent seasonal factors method. The forward factors approach is better suited to managing large movements at the end of a series and will ensure that large movements do not have a disproportionate influence on the seasonal factors.

Changes to hours worked

National Accounts has incorporated quarterly and annual hours worked from the Labour Accounts from the 2019-20 financial year. Labour Accounts are produced within the same framework used by National Accounts and are consistent in concept and scope.

Data downloads

Time series spreadsheets

Data files

Previous catalogue number

This release previously used catalogue number 5206.0.