5206.0 - Australian National Accounts: National Income, Expenditure and Product, Dec 2016 Quality Declaration 
Previous ISSUE Released at 11:30 AM (CANBERRA TIME) 01/03/2017   
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DECEMBER KEY FIGURES

Sep Qtr 2016 to Dec Qtr 2016
Dec Qtr 2015 to Dec Qtr 2016
% change
% change

GDP (Chain volume measure)
Trend
0.3
1.9
Seasonally adjusted
1.1
2.4
Final consumption expenditure (Chain volume measure)
Trend
0.5
2.7
Seasonally adjusted
0.7
2.8
Gross fixed capital formation (Chain volume measure)
Trend
-0.2
-1.3
Seasonally adjusted
2.6
-0.1
GDP chain price index
Original
2.9
4.9
Terms of trade
Seasonally adjusted
9.1
15.6
Real net national disposable income
Trend
1.5
5.3
Seasonally adjusted
2.9
6.8


GDP growth rates, Volume measures, quarterly change
Graph: Graph GDP growth rates, Volume measures, quarterly change

Contribution to GDP growth, Seasonally adjusted
Graph: Graph Contribution to GDP growth, Seasonally adjusted




DECEMBER KEY POINTS


GDP SUMMARY
  • The Australian economy grew by 1.1% in seasonally adjusted chain volume terms in the December quarter.
  • Household final consumption expenditure contributed 0.5 percentage points and public capital formation contributed 0.3 percentage points to growth.
  • Private non-financial corporations Gross operating surplus increased by 16.5%.
  • Compensation of employees decreased 0.5%, but was 1.5% higher through the year.
  • The Terms of trade increased by 9.1%.


NOTES

FORTHCOMING ISSUES

ISSUE (QUARTER) Release Date
March 2017 7 June 2017
June 2017 6 September 2017
September 2017 6 December 2017
December 2017 7 March 2018



REVISIONS IN THIS ISSUE

There are revisions in this issue due to the incorporation of more up-to-date data and concurrent seasonal adjustment.


UPCOMING CHANGES

An improvement will be applied to the seasonal adjustment method of current price series related to mining in the March quarter 2017 publication of 5206.0. From September quarter 2005 onwards, seasonal factors derived from the corresponding chain volume measures will be used to seasonally adjust the current price values for selected components. For more information please refer to Balance of Payments and International Investment Position, Australia (cat. no. 5302.0).


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INQUIRIES

For further information about these and related statistics, contact the National Information and Referral Service on 1300 135 070 or National Accounts by email <national.accounts@abs.gov.au>.