Articles
This quarter's National Accounts includes the following articles:
Quarterly estimates of key economic flows in Australia, including gross domestic product (GDP), consumption, investment, income and saving
This quarter's National Accounts includes the following articles:
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.
Jun 19 to Sep 19 | Sep 19 to Dec 19 | Dec 19 to Mar 20 | Mar 20 to Jun 20 | Jun 20 to Sep 20 | Sep 19 to Sep 20 | |||
---|---|---|---|---|---|---|---|---|
Chain volume GDP and related measures (b) | ||||||||
GDP | 0.6 | 0.4 | -0.3 | -7.0 | 3.3 | -3.8 | ||
GDP per capita (c) | 0.2 | - | -0.6 | -7.2 | 3.2 | -4.7 | ||
Gross value added market sector (d) | 0.4 | 0.1 | -0.6 | -7.9 | 3.1 | -5.5 | ||
Real net national disposable income | 0.9 | -0.5 | -0.1 | -7.4 | 4.8 | -3.5 | ||
Productivity | ||||||||
GDP per hour worked | -0.7 | 0.2 | 0.6 | 3.4 | -1.1 | 3.2 | ||
Real unit labour costs | - | 1.2 | -0.6 | -8.9 | -0.7 | -9.0 | ||
Prices | ||||||||
GDP chain price index (original) | 0.6 | -1.2 | 1.0 | -0.3 | -0.1 | -0.5 | ||
Terms of trade | 0.6 | -4.4 | 0.4 | 0.9 | 0.7 | -2.5 | ||
Current price measures | ||||||||
GDP | 1.2 | -0.1 | 0.3 | -7.4 | 3.7 | -3.9 | ||
Household saving ratio | 6.2 | 5.3 | 7.6 | 22.1 | 18.9 | na |
na not available
a. Change on preceding quarter, except for the last column which shows the change between the current quarter and the corresponding quarter of the previous year. Excludes Household saving ratio.
b. Reference year for chain volume measures and real income measures is 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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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%.
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.
% 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 government | 1.4 | 7.8 | 0.3 | ||
Households | 7.9 | -6.5 | 4.0 | ||
Total final consumption expenditure | 5.9 | -2.7 | 4.3 | ||
Gross fixed capital formation | |||||
Private | |||||
Dwellings | 0.6 | -7.6 | - | ||
Ownership transfer costs | 21.4 | 8.6 | 0.3 | ||
Non-dwelling construction | -4.9 | -9.6 | -0.3 | ||
Machinery and equipment | -3.7 | -13.0 | -0.1 | ||
Cultivated biological resources | 6.3 | 16.7 | - | ||
Intellectual property products | 2.3 | -5.9 | - | ||
Public | 0.3 | -0.2 | - | ||
Total gross fixed capital formation | -0.1 | -6.0 | - | ||
Changes in inventories | na | na | 0.8 | ||
Gross national expenditure | 5.4 | -3.3 | 5.1 | ||
Exports of goods and services | -3.2 | -14.9 | -0.7 | ||
Imports of goods and services | 6.5 | -13.9 | -1.2 | ||
Statistical discrepancy (E) | na | na | 0.1 | ||
Gross domestic product | 3.3 | -3.8 | 3.3 |
- nil or rounded to zero (including null cells)
na not available
Household FCE increased 7.9%, this was driven by a:
The increase was partly offset by a:
General government FCE contributed to growth with a rise of 1.4%, driven by a:
The increase was partly offset by a:
Private investment declined 0.2%, driven by a:
Public investment increased 0.3%, driven by a:
The increase was partly offset by a:
Total inventories fell $135m following a fall of $3,830m in the June quarter. The largest contributors to the fall were a:
The decrease was partly offset by a:
Exports of goods and services fell 3.2%, driven by a:
Imports of goods and services rose 6.5%, driven by a:
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 employees | 2.3 | 1.5 | 1.1 | |
Gross operating surplus |
|
|
| |
Private non-financial corporations | 3.9 | 18.2 | 1.0 | |
Other(a) | 0.6 | 2.1 | - | |
Gross mixed income | 6.8 | 30.1 | 0.7 | |
Taxes less subsidies on production and imports | 50.9 | -109.0 | 1.0 | |
Statistical discrepancy (I) | na | na | -0.2 | |
Gross domestic product | 3.7 | -3.9 | 3.7 |
- 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.
Eighteen of nineteen industries recorded an increase, driven by a:
All states and territories recorded quarterly rises. The largest increases were a:
Victoria was the only state to fall through the year, down 0.5%.
Private non-financial corporations GOS increased 3.8%, driven by a:
Partly offset by a:
Other sectors GOS rose (0.6%), driven by a:
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.
% Change | % Change | % points contribution to growth in GDP | |||
---|---|---|---|---|---|
Jun 20 to Sep 20 | Sep 19 to Sep 20 | Jun 20 to Sep 20 | |||
Agriculture, Forestry and Fishing | -0.6 | -8.7 | - | ||
Mining | -1.7 | -2.3 | -0.2 | ||
Manufacturing | 4.0 | -1.7 | 0.2 | ||
Electricity, Gas, Water and Waste Services | 1.0 | -2.0 | - | ||
Construction | 2.2 | -8.3 | 0.2 | ||
Wholesale Trade | 4.7 | -0.2 | 0.2 | ||
Retail Trade | 5.6 | 2.6 | 0.2 | ||
Accommodation and Food Services | 41.0 | -19.7 | 0.6 | ||
Transport, Postal and Warehousing | 4.7 | -19.9 | 0.2 | ||
Information Media and Telecommunications | 6.3 | -2.1 | 0.1 | ||
Financial and Insurance Services | 0.4 | 3.0 | - | ||
Rental, Hiring and Real Estate Services | 7.7 | -8.5 | 0.2 | ||
Professional, Scientific and Technical Services | 2.5 | -2.2 | 0.2 | ||
Administrative and Support Services | 0.8 | -22.1 | - | ||
Public Administration and Safety | 1.5 | 6.0 | 0.1 | ||
Education and Training | 0.2 | 0.9 | - | ||
Health Care and Social Assistance | 9.1 | 1.8 | 0.7 | ||
Arts and Recreation Services | 14.7 | -16.2 | 0.1 | ||
Other Services | 4.1 | -15.0 | 0.1 | ||
Ownership of dwellings | 0.4 | 1.7 | - | ||
Taxes less subsidies on products | 7.5 | -9.7 | 0.4 | ||
Statistical discrepancy (P) | na | na | - | ||
Gross domestic product | 3.3 | -3.8 | 3.3 |
- nil or rounded to zero (including null cells)
na not available
This decrease was driven by a:
This was partly offset by a:
This decrease was driven by a:
This was partly offset by a:
This increase was driven by a:
This was partly offset by a:
The increase was driven by a:
This was partly offset by a:
The increase was driven by:
The increase was driven by a:
The increase was driven by a:
This rise was driven by a:
This was partly offset by a
The increase was driven by a:
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.
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.
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.
Percentage change from Jun 20 to Sep 20 | ||||||||||
---|---|---|---|---|---|---|---|---|---|---|
NSW | Vic. | Qld | SA | WA | Tas. | NT | ACT | Aust.(a) | ||
Final consumption expenditure | ||||||||||
General government | 2.2 | 3.2 | -0.3 | 1.8 | -1.3 | -0.7 | 4.0 | 0.5 | 1.4 | |
Households | 10.8 | -1.2 | 11.6 | 11.0 | 11.7 | 10.6 | 7.3 | 8.7 | 7.9 | |
Gross fixed capital formation |
|
|
|
|
|
| ||||
Private | 1.6 | -4.6 | 3.5 | 0.7 | -2.1 | -2.0 | 6.2 | -11.4 | -0.2 | |
Public | 1.7 | -3.9 | 2.4 | 1.4 | -2.6 | 4.5 | 7.7 | 4.4 | 0.3 | |
State final demand | 6.8 | -1.0 | 6.8 | 6.7 | 4.9 | 5.5 | 6.0 | 2.0 | 4.5 |
- nil or rounded to zero (including null cells)
a. Australia estimates relate to Domestic final demand.
Total final consumption expenditure increased 8.4%, due to a:
Private gross fixed capital formation increased 1.6%, driven by a:
Partly offset by a:
Public gross fixed capital formation increased 1.7%, due to a:
Slightly offset by a:
Household final consumption expenditure decreased 1.2%, driven by a:
Partly offset by a;
Private gross fixed capital formation decreased 4.6%, driven by a:
Public gross fixed capital formation decreased 3.9%, driven by a:
Partly offset by a:
Government final consumption expenditure increased 3.2%, driven by a:
Total final consumption expenditure increased 7.9% due to a:
Partly offset by a:
Private gross fixed capital formation increased 3.5%, due to a:
Public gross fixed capital formation increased 2.4%, driven by a:
Slightly offset by a:
Household final consumption expenditure increased 11%, driven by a:
Government final consumption expenditure increased 1.8%, driven by a:
Private gross fixed capital formation increased 0.7%, driven by a:
Partly offset by a:
Public gross fixed capital formation increased 1.4%, driven by a:
Household final consumption expenditure increased 11.7%, driven by a:
Government final consumption expenditure decreased 1.3%, driven by a:
Private gross fixed capital formation decreased 2.1%, due to a:
Partly offset by a:
Public gross fixed capital formation decreased 2.6%, driven by a:
Partly offset by a:
Household final consumption expenditure increased 10.6%, driven by a:
Private gross fixed capital formation decreased 2.0%, driven by a:
Partly offset by a:
Public gross fixed capital formation increased 4.5%, driven by a:
Government final consumption expenditure decreased 0.7%, driven by a:
Total final consumption expenditure increased 5.8% due to a:
Public gross fixed capital formation increased 7.7%, driven by a:
Private gross fixed capital formation increased 6.2%, driven by a:
Total final consumption expenditure increased 3.7% due to a:
Public gross fixed capital formation increased 4.4%, driven by a:
Private gross fixed capital formation decreased 11.4%, driven by a:
Partly offset by a:
Jun 19 to Sep 19 | Sep 19 to Dec 19 | Dec 19 to Mar 20 | Mar 20 to Jun 20 | Jun 20 to Sep 20 | Through the year, Sep 19 to Sep 20 | ||
---|---|---|---|---|---|---|---|
Percentage change (a) | |||||||
Chain volume GDP and related measures (b) | |||||||
GDP | 0.6 | 0.4 | -0.3 | -7.0 | 3.3 | -3.8 | |
GDP per capita (c) | 0.2 | - | -0.6 | -7.2 | 3.2 | -4.7 | |
Gross value added market sector (d) | 0.4 | 0.1 | -0.6 | -7.9 | 3.1 | -5.5 | |
Net domestic product | 0.6 | 0.4 | -0.5 | -8.6 | 4.0 | -5.1 | |
Real income measures (b) | |||||||
Real gross domestic income | 0.8 | -0.7 | -0.2 | -6.8 | 3.5 | -4.5 | |
Real gross national income | 1.0 | -0.3 | - | -6.0 | 4.0 | -2.5 | |
Real net national disposable income | 0.9 | -0.5 | -0.1 | -7.4 | 4.8 | -3.5 | |
Real net national disposable income per capita (c) | 0.5 | -0.9 | -0.4 | -7.6 | 4.8 | -4.5 | |
Current price measures | |||||||
GDP | 1.2 | -0.1 | 0.3 | -7.4 | 3.7 | -3.9 | |
Productivity | |||||||
Hours worked | 1.3 | 0.2 | -0.9 | -10.1 | 4.4 | -6.8 | |
Hours worked market sector (d) | 1.3 | 0.4 | -1.3 | -11.8 | 5.3 | -8.1 | |
GDP per hour worked | -0.7 | 0.2 | 0.6 | 3.4 | -1.1 | 3.2 | |
Gross value added per hour worked market sector (d) | -0.9 | -0.3 | 0.8 | 4.5 | -2.1 | 2.8 | |
Real unit labour costs | - | 1.2 | -0.6 | -8.9 | -0.7 | -9.0 | |
Real unit labour costs - non-farm | -0.2 | 1.4 | -0.5 | -9.3 | -0.8 | -9.3 | |
Prices | |||||||
GDP implicit price deflator | 0.6 | -0.5 | 0.6 | -0.4 | 0.4 | - | |
Domestic final demand implicit price deflator | 0.4 | 0.4 | 0.3 | -0.2 | - | 0.6 | |
Terms of trade | 0.6 | -4.4 | 0.4 | 0.9 | 0.7 | -2.5 | |
Levels | |||||||
Chain volume GDP and related measures (b) | |||||||
GDP ($m) | 494 974 | 496 921 | 495 533 | 460 710 | 476 043 | . . | |
GDP per capita (c) ($) | 19 444 | 19 452 | 19 334 | 17 941 | 18 523 | . . | |
Gross value added market sector (d) ($m) | 337 187 | 337 450 | 335 526 | 309 049 | 318 660 | . . | |
Net domestic product ($m) | 409 549 | 411 053 | 409 198 | 373 883 | 388 713 | . . | |
Real income measures (b) | |||||||
Real gross domestic income ($m) | 499 710 | 496 195 | 495 264 | 461 381 | 477 404 | . . | |
Real gross national income ($m) | 486 423 | 484 793 | 484 810 | 455 827 | 474 063 | . . | |
Real net national disposable income ($m) | 400 688 | 398 504 | 398 280 | 368 609 | 386 472 | . . | |
Real net national disposable income per capita (c) ($) | 15 741 | 15 600 | 15 540 | 14 354 | 15 038 | . . | |
Current price measures | |||||||
GDP ($m) | 505 208 | 504 553 | 505 924 | 468 270 | 485 708 | . . | |
GDP per capita (c) ($) | 19 846 | 19 751 | 19 740 | 18 235 | 18 899 | . . | |
Gross national income ($m) | 491 933 | 493 853 | 495 497 | 462 096 | 482 456 | . . | |
National net saving ($m) | 33 708 | 30 973 | 32 149 | 29 824 | 28 488 | . . | |
Household saving ratio | 6.2 | 5.3 | 7.6 | 22.1 | 18.9 | . . | |
Prices | |||||||
Terms of trade (index) (e) | 103.9 | 99.4 | 99.8 | 100.6 | 101.3 | . . |
. . 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.
Jun 19 to Sep 19 | Sep 19 to Dec 19 | Dec 19 to Mar 20 | Mar 20 to Jun 20 | ||
---|---|---|---|---|---|
Chain volume GDP and related measures (b) | |||||
GDP | 0.1 | -0.2 | - | - | |
GDP per capita (c) | - | -0.2 | - | - | |
Gross value added market sector (d) | - | -0.1 | - | 0.4 | |
Net domestic product | 0.1 | -0.1 | - | - | |
Real income measures (b) | |||||
Real gross domestic income | 0.2 | - | -0.6 | 0.2 | |
Real gross national income | 0.1 | 0.1 | -0.6 | 0.2 | |
Real net national disposable income | - | 0.1 | -0.8 | 0.4 | |
Real net national disposable income per capita (c) | -0.1 | - | -0.8 | 0.4 | |
Current price measures | |||||
GDP | 0.1 | 0.1 | -0.6 | 0.2 | |
Household saving ratio (e) | 1.4 | 1.7 | 1.6 | 2.3 | |
Productivity | |||||
Hours worked | 0.7 | 0.1 | - | -0.3 | |
Hours worked market sector (d) | 1.1 | 0.4 | 0.1 | 0.4 | |
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 | -0.2 | 0.4 | 0.9 | |
Real unit labour costs - non-farm | -0.2 | -0.2 | 0.4 | 0.9 | |
Prices | |||||
Terms of trade | 0.4 | 0.7 | -2.7 | 0.7 |
- 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.
Jun 19 to Sep 19 | Sep 19 to Dec 19 | Dec 19 to Mar 20 | Mar 20 to Jun 20 | Jun 20 to Sep 20 | Through the year, Sep 19 to Sep 20 | Contribution to growth, Jun 20 to Sep 20 | |||
---|---|---|---|---|---|---|---|---|---|
Final consumption expenditure | |||||||||
General government | 0.8 | 1.2 | 1.9 | 3.0 | 1.4 | 7.8 | 0.3 | ||
Households | - | 0.4 | -1.3 | -12.5 | 7.9 | -6.5 | 4.0 | ||
Goods | -0.2 | 0.6 | 1.3 | -3.4 | 5.2 | 3.5 | 1.1 | ||
Services | 0.2 | 0.3 | -2.8 | -17.9 | 9.8 | -12.2 | 2.9 | ||
Essential | - | 0.6 | 0.6 | -4.8 | 4.3 | 0.5 | 1.5 | ||
Discretionary | 0.2 | - | -4.2 | -25.0 | 15.2 | -17.2 | 2.5 | ||
Gross fixed capital formation | |||||||||
Private | 1.1 | -1.0 | -0.4 | -6.2 | -0.2 | -7.7 | - | ||
Mining | -0.2 | 5.8 | 3.7 | 0.5 | -5.2 | 4.5 | -0.2 | ||
Non-mining | 1.8 | -3.6 | -1.8 | -7.1 | -2.1 | -13.9 | -0.2 | ||
Total private business investment | 1.4 | -1.5 | -0.4 | -5.1 | -3.0 | -9.7 | -0.3 | ||
Public | 0.6 | 0.6 | -0.6 | -0.5 | 0.3 | -0.2 | - | ||
Final demand | |||||||||
Public | 0.7 | 1.1 | 1.4 | 2.3 | 1.2 | 6.1 | 0.3 | ||
Private | 0.2 | - | -1.1 | -11.0 | 5.8 | -6.8 | 4.0 |
- nil or rounded to zero
Jun 19 to Sep 19 | Sep 19 to Dec 19 | Dec 19 to Mar 20 | Mar 20 to Jun 20 | |||
---|---|---|---|---|---|---|
Final consumption expenditure | ||||||
General government | -0.2 | -0.1 | -0.2 | 0.1 | ||
Households | -0.1 | - | -0.1 | -0.4 | ||
Goods | -0.5 | 0.2 | 0.2 | -0.6 | ||
Services | 0.1 | -0.2 | -0.3 | -0.3 | ||
Essential | -0.4 | 0.2 | 0.1 | -0.6 | ||
Discretionary | 0.5 | -0.5 | -0.2 | - | ||
Gross fixed capital formation | ||||||
Private | 0.9 | -0.2 | 0.1 | 0.3 | ||
Mining | 2.3 | -0.2 | 0.7 | -0.8 | ||
Non-mining | 1.0 | -0.4 | -0.4 | -0.2 | ||
Total private business investment | 1.4 | -0.4 | - | -0.3 | ||
Public | -0.5 | 0.1 | 0.3 | -1.5 | ||
Final demand | ||||||
Public | -0.3 | - | -0.1 | -0.2 | ||
Private | 0.1 | -0.1 | -0.1 | -0.2 |
- nil or rounded to zero
Jun 19 to Sep 19 | Sep 19 to Dec 19 | Dec 19 to Mar 20 | Mar 20 to Jun 20 | Jun 20 to Sep 20 | |||
---|---|---|---|---|---|---|---|
Final consumption expenditure | |||||||
General government | 0.2 | 0.2 | 0.4 | 0.6 | 0.3 | ||
Households | - | 0.2 | -0.7 | -6.8 | 4.0 | ||
Gross fixed capital formation | |||||||
Private | 0.2 | -0.2 | -0.1 | -1.1 | - | ||
Public | - | - | - | - | - | ||
Domestic final demand | 0.4 | 0.3 | -0.4 | -7.3 | 4.3 | ||
Changes in inventories | 0.1 | 0.2 | -0.2 | -0.5 | 0.8 | ||
Exports of goods and services | 0.2 | -0.1 | -1.1 | -1.7 | -0.7 | ||
Imports of goods and services | 0.1 | - | 1.5 | 2.5 | -1.2 | ||
Statistical discrepancy (E) | -0.2 | - | -0.1 | - | 0.1 | ||
Gross domestic product | 0.6 | 0.4 | -0.3 | -7.0 | 3.3 |
- nil or rounded to zero
Jun 19 to Sep 19 | Sep 19 to Dec 19 | Dec 19 to Mar 20 | Mar 20 to Jun 20 | Jun 20 to Sep 20 | Through the year, Sep 19 to Sep 20 | Contribution to growth, Jun 20 to Sep 20 | ||
---|---|---|---|---|---|---|---|---|
Final consumption expenditure | ||||||||
General government | 0.8 | 1.2 | 1.9 | 3.0 | 1.4 | 7.8 | 0.3 | |
Households | - | 0.4 | -1.3 | -12.5 | 7.9 | -6.5 | 4.0 | |
Total final consumption expenditure | 0.2 | 0.6 | -0.4 | -8.3 | 5.9 | -2.7 | 4.3 | |
Private gross fixed capital formation | ||||||||
Dwellings | -0.9 | -2.5 | -0.5 | -5.2 | 0.6 | -7.6 | - | |
Ownership transfer costs | 6.9 | 9.1 | 0.6 | -18.6 | 21.4 | 8.6 | 0.3 | |
Non-dwelling construction | 5.9 | -3.2 | 0.6 | -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 | -0.7 | 4.7 | 5.6 | 6.3 | 16.7 | - | |
Intellectual property products | 3.5 | 0.7 | -1.6 | -7.2 | 2.3 | -5.9 | - | |
Total private gross fixed capital formation | 1.1 | -1.0 | -0.4 | -6.2 | -0.2 | -7.7 | - | |
Public gross fixed capital formation | ||||||||
Public corporations | 1.4 | -7.3 | 7.3 | -7.9 | 8.0 | -1.1 | 0.1 | |
General government | 0.3 | 3.1 | -2.8 | 1.7 | -1.9 | - | -0.1 | |
Total public gross fixed capital formation | 0.6 | 0.6 | -0.6 | -0.5 | 0.3 | -0.2 | - | |
Total gross fixed capital formation | 1.0 | -0.6 | -0.4 | -4.9 | -0.1 | -6.0 | - | |
Domestic final demand | 0.4 | 0.3 | -0.4 | -7.5 | 4.5 | -3.5 | 4.3 | |
Changes in inventories | . . | . . | . . | . . | . . | . . | 0.8 | |
Exports of goods and services | 0.8 | -0.6 | -4.4 | -7.5 | -3.2 | -14.9 | -0.7 | |
Imports of goods and services | -0.5 | -0.1 | -7.2 | -12.8 | 6.5 | -13.9 | -1.2 | |
Statistical discrepancy (E) | . . | . . | . . | . . | . . | . . | 0.1 | |
Gross domestic product | 0.6 | 0.4 | -0.3 | -7.0 | 3.3 | -3.8 | 3.3 |
. . not applicable
- nil or rounded to zero
Jun 19 to Sep 19 | Sep 19 to Dec 19 | Dec 19 to Mar 20 | Mar 20 to Jun 20 | ||
---|---|---|---|---|---|
Final consumption expenditure | |||||
General government | -0.2 | -0.1 | -0.2 | 0.1 | |
Households | -0.1 | - | -0.1 | -0.4 | |
Total final consumption expenditure | -0.2 | -0.1 | -0.1 | -0.2 | |
Private gross fixed capital formation | |||||
Dwellings | 0.1 | 0.2 | 0.5 | 1.6 | |
Ownership transfer costs | - | -0.1 | -0.2 | -0.1 | |
Non-dwelling construction | 2.0 | -0.4 | 0.2 | 0.7 | |
Machinery and equipment | 0.5 | 0.1 | 0.5 | -1.3 | |
Cultivated biological resources | 0.1 | 2.9 | -0.8 | 1.8 | |
Intellectual property products | 1.5 | -1.1 | -1.7 | -1.2 | |
Total private gross fixed capital formation | 0.9 | -0.2 | 0.1 | 0.3 | |
Public gross fixed capital formation | |||||
Public corporations | -3.3 | 0.2 | 0.3 | -0.7 | |
General government | 0.3 | - | 0.3 | -1.9 | |
Total public gross fixed capital formation | -0.5 | 0.1 | 0.3 | -1.5 | |
Total gross fixed capital formation | 0.6 | -0.1 | 0.1 | - | |
Domestic final demand | - | -0.1 | - | -0.1 | |
Gross national expenditure | 0.2 | -0.1 | -0.1 | -0.1 | |
Exports of goods and services | 0.5 | -0.4 | - | -0.8 | |
Imports of goods and services | - | -0.3 | -0.5 | 0.1 | |
Gross domestic product | 0.1 | -0.2 | - | - |
- nil or rounded to zero
Jun 19 to Sep 19 | Sep 19 to Dec 19 | Dec 19 to Mar 20 | Mar 20 to Jun 20 | Jun 20 to Sep 20 | Through the year, Sep 19 to Sep 20 | Contribution to growth, Jun 20 to Sep 20 | |
---|---|---|---|---|---|---|---|
Food | - | 0.1 | 5.7 | -3.2 | 3.8 | 6.2 | 0.4 |
Cigarettes and tobacco | -3.2 | -4.2 | -3.9 | -3.4 | -0.9 | -11.9 | - |
Alcoholic beverages | -0.5 | 1.0 | 3.3 | 12.5 | -0.5 | 16.7 | - |
Clothing and footwear | -0.3 | 2.2 | -8.8 | -18.7 | 21.8 | -7.7 | 0.7 |
Rent and other dwelling services | 0.5 | 0.5 | 0.4 | 0.4 | 0.3 | 1.7 | 0.1 |
Electricity, gas and other fuel | 0.1 | 2.2 | -0.7 | 4.3 | 4.7 | 10.9 | 0.1 |
Furnishings and household equipment | 0.4 | 1.4 | 1.3 | 9.6 | -0.9 | 11.5 | -0.1 |
Health | 0.8 | 0.6 | -1.4 | -20.1 | 26.0 | -0.2 | 1.6 |
Purchase of vehicles | -1.3 | -2.7 | -2.0 | -17.8 | 15.4 | -9.5 | 0.3 |
Operation of vehicles | -0.3 | 0.6 | -3.9 | -25.4 | 10.4 | -20.4 | 0.4 |
Transport services | -1.9 | -1.3 | -14.1 | -86.0 | 50.7 | -82.2 | 0.2 |
Communications | 0.4 | 0.4 | 2.2 | 1.6 | 1.2 | 5.5 | - |
Recreation and culture | 0.4 | 0.5 | -1.8 | -15.9 | 12.8 | -6.4 | 1.2 |
Education services | 0.2 | 0.5 | 0.4 | 0.1 | 1.0 | 2.1 | 0.1 |
Hotels, cafes and restaurants | -1.1 | 0.9 | -9.4 | -56.3 | 49.7 | -40.2 | 1.6 |
Insurance and other financial services | -0.4 | 0.2 | -0.5 | 0.3 | 0.5 | 0.6 | 0.1 |
Other goods and services | 0.7 | 0.1 | -0.9 | -31.5 | 23.4 | -16.2 | 1.2 |
Total | - | 0.4 | -1.3 | -12.5 | 7.9 | -6.5 | 7.9 |
- nil or rounded to zero
Jun 19 to Sep 19 | Sep 19 to Dec 19 | Dec 19 to Mar 20 | Mar 20 to Jun 20 | Jun 20 to Sep 20 | Through the year, Sep 19 to Sep 20 | Contribution to growth, Jun 20 to Sep 20 | |
---|---|---|---|---|---|---|---|
Agriculture, Forestry and Fishing | -1.9 | -3.6 | -2.9 | -1.9 | -0.6 | -8.7 | - |
Mining | 2.7 | -0.4 | -0.3 | 0.1 | -1.7 | -2.3 | -0.2 |
Manufacturing | -0.4 | 1.8 | 2.1 | -9.1 | 4.0 | -1.7 | 0.2 |
Electricity, Gas, Water and Waste Services | -0.9 | 0.2 | -1.8 | -1.4 | 1.0 | -2.0 | - |
Construction | 0.3 | -2.5 | -0.5 | -7.6 | 2.2 | -8.3 | 0.2 |
Wholesale Trade | -0.4 | - | 1.8 | -6.4 | 4.7 | -0.2 | 0.2 |
Retail Trade | -0.1 | 0.1 | 1.7 | -4.5 | 5.6 | 2.6 | 0.2 |
Accommodation and Food Services | 0.5 | 0.8 | -7.9 | -38.6 | 41.0 | -19.7 | 0.6 |
Transport, Postal and Warehousing | -0.4 | 2.2 | -4.8 | -21.4 | 4.7 | -19.9 | 0.2 |
Information Media and Telecommunications | -0.1 | - | 0.8 | -8.7 | 6.3 | -2.1 | 0.1 |
Financial and Insurance Services | - | 0.6 | 1.2 | 0.8 | 0.4 | 3.0 | - |
Rental, Hiring and Real Estate Services | 0.7 | 2.7 | -2.0 | -15.6 | 7.7 | -8.5 | 0.2 |
Professional, Scientific and Technical Services | 1.1 | 0.2 | 1.3 | -6.0 | 2.5 | -2.2 | 0.2 |
Administrative and Support Services | 0.8 | -0.9 | -3.7 | -18.9 | 0.8 | -22.1 | - |
Public Administration and Safety | 1.8 | 1.2 | 2.3 | 0.9 | 1.5 | 6.0 | 0.1 |
Education and Training | 0.3 | 0.3 | 0.2 | 0.2 | 0.2 | 0.9 | - |
Health Care and Social Assistance | 2.5 | 1.6 | -0.1 | -8.1 | 9.1 | 1.8 | 0.7 |
Arts and Recreation Services | 0.3 | -1.2 | -2.8 | -23.9 | 14.7 | -16.2 | 0.1 |
Other Services | -2.2 | 1.3 | -4.0 | -16.0 | 4.1 | -15.0 | 0.1 |
Ownership of dwellings | 0.4 | 0.5 | 0.4 | 0.4 | 0.4 | 1.7 | - |
Gross value added at basic prices | 0.6 | 0.3 | -0.2 | -6.3 | 3.1 | -3.3 | 2.9 |
Taxes less subsidies on products | -0.1 | 0.1 | -0.1 | -16.0 | 7.5 | -9.7 | 0.4 |
Statistical discrepancy (P) | . . | . . | . . | . . | . . | . . | - |
Gross domestic product | 0.6 | 0.4 | -0.3 | -7.0 | 3.3 | -3.8 | 3.3 |
. . not applicable
- nil or rounded to zero
a. Excludes ownership of dwellings.
Jun 19 to Sep 19 | Sep 19 to Dec 19 | Dec 19 to Mar 20 | Mar 20 to Jun 20 | |
---|---|---|---|---|
Agriculture, Forestry and Fishing | 0.6 | -3.4 | -1.0 | - |
Mining | 0.8 | - | 0.3 | -0.1 |
Manufacturing | 0.1 | -0.3 | -0.2 | 0.5 |
Electricity, Gas, Water and Waste Services | -0.3 | 0.1 | 0.1 | 0.1 |
Construction | -0.4 | -0.1 | 0.1 | 0.6 |
Wholesale Trade | 0.3 | -0.2 | 0.1 | -0.5 |
Retail Trade | - | - | - | - |
Accommodation and Food Services | 0.1 | 0.3 | - | 0.4 |
Transport, Postal and Warehousing | - | - | -0.2 | 0.1 |
Information Media and Telecommunications | -0.8 | -0.1 | 0.3 | - |
Financial and Insurance Services | -0.5 | 0.1 | - | 0.1 |
Rental, Hiring and Real Estate Services | - | 0.1 | -0.1 | 0.3 |
Professional, Scientific and Technical Services | -0.1 | - | - | 0.2 |
Administrative and Support Services | - | 0.1 | - | 1.2 |
Public Administration and Safety | 0.4 | 0.3 | 0.2 | - |
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 | -0.6 | 0.2 | 0.1 | 2.5 |
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 products | 0.4 | -0.1 | -0.1 | -0.4 |
Gross domestic product | 0.1 | -0.2 | - | - |
- nil or rounded to zero
a. Excludes ownership of dwellings.
Jun 19 to Sep 19 | Sep 19 to Dec 19 | Dec 19 to Mar 20 | Mar 20 to Jun 20 | Jun 20 to Sep 20 | Through the year, Sep 19 to Sep 20 | Contribution to growth, Jun 20 to Sep 20 | |||
---|---|---|---|---|---|---|---|---|---|
Compensation of employees | |||||||||
Wages and salaries | 1.1 | 1.0 | 0.5 | -2.3 | 2.3 | 1.4 | 1.0 | ||
Employers' social contributions (a) | 1.0 | 0.9 | 0.7 | -1.7 | 2.1 | 2.0 | 0.1 | ||
Total compensation of employees | 1.0 | 1.0 | 0.5 | -2.3 | 2.3 | 1.5 | 1.1 | ||
Gross operating surplus | |||||||||
Non-financial corporations | |||||||||
Private non-financial corporations | 2.3 | -2.1 | -2.0 | 18.7 | 3.8 | 18.2 | 1.0 | ||
Public non-financial corporations | -7.7 | 4.7 | 1.8 | -1.3 | 1.2 | 6.5 | - | ||
Total non-financial corporations | 1.9 | -1.9 | -1.8 | 17.9 | 3.8 | 17.8 | 1.0 | ||
Financial corporations | 0.3 | 0.1 | 1.1 | -0.9 | 0.8 | 1.1 | - | ||
Total corporations | 1.6 | -1.5 | -1.2 | 13.9 | 3.2 | 14.4 | 1.0 | ||
General government | 0.9 | 1.2 | 1.3 | 1.4 | 1.5 | 5.5 | - | ||
Dwellings owned by persons | 0.5 | 0.7 | 0.9 | -0.2 | - | 1.5 | - | ||
Total gross operating surplus | 1.3 | -0.9 | -0.6 | 10.2 | 2.5 | 11.3 | 1.0 | ||
Gross mixed income | -0.4 | - | -0.3 | 22.2 | 6.8 | 30.1 | 0.7 | ||
Total factor income | 1.0 | 0.2 | - | 4.6 | 2.8 | 7.8 | 2.9 | ||
Taxes less subsidies on production and imports | 1.2 | -1.3 | 1.4 | -118.3 | 50.9 | -109.0 | 1.0 | ||
Statistical discrepancy (I) | . . | . . | . . | . . | . . | . . | -0.2 | ||
Gross domestic product | 1.2 | -0.1 | 0.3 | -7.4 | 3.7 | -3.9 | 3.7 |
. . not applicable
- nil or rounded to zero
a. Includes contributions to superannuation made by employers and payments of workers' compensation premiums.
Jun 19 to Sep 19 | Sep 19 to Dec 19 | Dec 19 to Mar 20 | Mar 20 to Jun 20 | |||
---|---|---|---|---|---|---|
Compensation of employees | ||||||
Wages and salaries | -0.1 | - | -0.1 | 0.2 | ||
Employers' social contributions (a) | -0.2 | -0.1 | -0.1 | 0.2 | ||
Total compensation of employees | -0.2 | - | -0.2 | 0.2 | ||
Gross operating surplus | ||||||
Non-financial corporations | ||||||
Private non-financial corporations | - | 0.1 | -3.0 | 3.8 | ||
Public non-financial corporations | -1.3 | 3.1 | -0.6 | -3.3 | ||
Total non-financial corporations | -0.1 | 0.1 | -2.9 | 3.5 | ||
Financial corporations | -0.6 | -0.6 | -0.2 | -0.4 | ||
Total corporations | -0.1 | -0.1 | -2.3 | 2.8 | ||
General government | -0.4 | -0.2 | -0.1 | -0.1 | ||
Dwellings owned by persons | 0.2 | 0.4 | 0.4 | 0.1 | ||
Total gross operating surplus | -0.1 | - | -1.6 | 2.0 | ||
Gross mixed income | 0.4 | 0.7 | 0.2 | 0.3 | ||
Total factor income | -0.1 | 0.1 | -0.7 | 0.8 | ||
Taxes less subsidies on production and imports | 0.1 | 0.1 | -0.1 | - | ||
Gross domestic product | 0.1 | 0.1 | -0.6 | 0.2 |
- nil or rounded to zero
a. Includes contributions to superannuation made by employers and payments of workers' compensation premiums.
Percentage change from Jun 20 to Sep 20 | ||||||||||
---|---|---|---|---|---|---|---|---|---|---|
NSW | Vic. | Qld | SA | WA | Tas. | NT | ACT | Aust.(a) | ||
Final consumption expenditure | ||||||||||
General government | 2.2 | 3.2 | -0.3 | 1.8 | -1.3 | -0.7 | 4.0 | 0.5 | 1.4 | |
Households | 10.8 | -1.2 | 11.6 | 11.0 | 11.7 | 10.6 | 7.3 | 8.7 | 7.9 | |
Gross fixed capital formation |
|
|
|
|
|
| ||||
Private | 1.6 | -4.6 | 3.5 | 0.7 | -2.1 | -2.0 | 6.2 | -11.4 | -0.2 | |
Public | 1.7 | -3.9 | 2.4 | 1.4 | -2.6 | 4.5 | 7.7 | 4.4 | 0.3 | |
State final demand | 6.8 | -1.0 | 6.8 | 6.7 | 4.9 | 5.5 | 6.0 | 2.0 | 4.5 |
- nil or rounded to zero (including null cells)
a. Australia estimates relate to Domestic final demand.
The 2019-20 issue of the Australian System of National Accounts was released on 30 October 2020. This publication provides detailed, annual estimates of Australia's national accounts. These include expenditure, income and production estimates of gross domestic product (GDP), productivity estimates, sectorial accounts (for households, financial and non-financial corporations, general government and the rest of the world), and additional aggregates dissected by industry.
The 2018-19 issue of Australian National Accounts: Supply Use Tables was released on 30 October 2020. The Supply Use tables were introduced in the annual National Accounts in 1998 as an integral part of the annual compilation of the Australian System of National Accounts. They are used to ensure Gross Domestic Product is balanced for all three approaches (production, expenditure and income) and provide the annual benchmarks from which the quarterly estimates are compiled.
The 2019-20 issue of the Australian National Accounts: State Accounts was released on 20 November 2020. This publication provides detailed annual estimates of gross state product (GSP) for all states and territories. These are estimated using the expenditure, income and production approaches. Also published are estimates of household and agricultural incomes.
The 2019-20 issue of Estimates of Industry Multifactor Productivity and the 2018-19 issue of Experimental Estimates of Industry Level KLEMS Multifactor Productivity were released on 30 November 2020. These publications present estimates of multifactor productivity (MFP) for the 16 industries that comprise the market sector. KLEMS estimates enable a more detailed decomposition of industry level productivity performance, with contributions to gross output growth from intermediate inputs, capital and labour.
The September quarter 2020 issue of Australian National Accounts: Finance and Wealth will be released on 17 December 2020. This publication provides quarterly estimates of the financial flows between sectors of the domestic economy and with the rest of the world. This publication also provides estimates of the financial assets and liabilities owned by each sector and various sub-sectors at the end of each quarter. Other key estimates within the publication include the demand for credit by non-financial domestic institutional sectors during the quarter, and their corresponding levels of credit outstanding.
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:
Due to the impacts of COVID-19 on the economy, trend estimates for all series in the National Accounts have been suspended from June 2019 (inclusive). In the short term, this measurement will be significantly affected by changes to regular patterns in economic activity. If trend estimates were to be calculated without fully accounting for this unusual event, they would likely provide a misleading view of the underlying trend in the economy.
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.
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.
This release previously used catalogue number 5206.0.