National accounts

• The Australian economy rose 0.6% in seasonally adjusted chain volume measures
• In nominal terms, GDP rose 1.6%
• The terms of trade rose 1.7%
• Household saving to income ratio rose to 3.8% from 3.6% 

In 2023-24, the Australian defence industry:

• contributed $11.9b (0.47%) to Australia’s gross value added, up 12.4% from the previous year
• employed 69,400 persons, up 9.1% from the previous year
• consisted of 5,539 Australian businesses.

• Household wealth increased $143.6b (0.9%) to $16,951.8b.
• Demand for credit was $92.1b.
• Australia's net borrowing position decreased by $2.3b to $14.4b this quarter.
• Capital investment as a proportion of GDP decreased to 24.7%. 

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

In December quarter 2024, there were 713,500 tourism jobs. This was:

• 23,700 (3.4%) more jobs than September quarter 2024
• 17,500 (2.5%) more jobs than December quarter 2023
• 1 in 23 (4.4%) filled jobs in the economy.

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

In 2023-24,

• tourism gross domestic product (GDP) was $78.1b in current prices
• tourism GDP rose 5.5% in chain volume terms
• international tourism consumption rose by $10.8b in chain volume terms
• domestic tourism consumption fell by $2.3b in chain volume terms
• tourism filled jobs rose 5.7% to 691,500.

• Gross State Product (GSP) rose in all states and territories in 2023-24
• The strongest result was observed in the Northern Territory, which grew 4.6%, followed by the Australian Capital Territory (4.0%), Queensland (2.1%) and Victoria (1.5%)

• The Australian economy grew 1.4% in chain volume terms in 2023-24
• Labour productivity was flat (0.0%)
• The household saving ratio decreased to 2.5% from 3.8% in 2022-23
• National net worth rose $1.5 trillion to $20.5 trillion

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

• Total transport activity contributed 7.9% ($164.4b) to GDP in 2020-21.
• Total transport activity was the second largest industry contributor to the Australian economy behind mining in 2020-21.
• There were around 1.2 million employed persons in the total transport industry (including warehousing) in 2020-21.

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

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

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