Australian National Accounts: National Income, Expenditure and Product

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

Reference period

December 2019

Released

4/03/2020

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Key statistics

The Australian economy grew by 0.5% in seasonally adjusted chain volume terms.
Through the year GDP was up 2.2%.
The terms of trade fell 5.3%.
Household saving ratio decreased to 3.6%.

Main features

December key figures

			Seasonally adjusted, percentage change (a)
		Sep 18 to Dec 18	Dec 18 to Mar 19	Mar 19 to Jun 19	Jun 19 to Sep 19	Sep 19 to Dec 19	Dec 18 to Dec 19
Chain volume GDP and related measures (b)
	GDP	0.2	0.5	0.6	0.6	0.5	2.2
	GDP per capita (c)	-0.2	0.1	0.2	0.2	0.2	0.7
	Gross value added market sector (d)	-0.1	0.6	0.5	0.3	0.4	1.8
	Real net national disposable income	1.0	1.2	1.6	0.9	-0.9	2.7
Productivity
	GDP per hour worked	-0.4	-0.3	0.5	-	0.2	0.4
	Real unit labour costs	-	-0.7	0.2	0.1	1.3	0.9
Prices
	GDP chain price index (original)	1.2	1.2	1.1	0.7	-1.2	1.8
	Terms of trade	2.6	3.2	1.5	0.2	-5.3	-0.6
Current price measures
	GDP	1.2	1.6	1.5	1.2	-0.3	4.1
	Household saving ratio	3.0	3.5	2.6	4.8	3.6	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 2017-18.
c. Population estimates are as published in the Australian Demographic Statistics (cat. no. 3101.0) and ABS projections.
d. ANZSIC divisions A to N, R and S. See Glossary - Market sector.

GDP growth rates, chain volume measures, quarterly change
	Seasonally adjusted (%)	Trend (%)
Dec-11	1.1	1.2
Mar-12	0.9	1.0
Jun-12	0.8	0.8
Sep-12	0.6	0.6
Dec-12	0.6	0.4
Mar-13	0.3	0.4
Jun-13	0.5	0.5
Sep-13	0.8	0.7
Dec-13	0.8	0.8
Mar-14	0.7	0.7
Jun-14	0.5	0.5
Sep-14	0.5	0.5
Dec-14	0.4	0.5
Mar-15	0.9	0.5
Jun-15	0.1	0.6
Sep-15	1.1	0.7
Dec-15	0.6	0.8
Mar-16	0.9	0.8
Jun-16	0.7	0.6
Sep-16	0.2	0.6
Dec-16	1.0	0.5
Mar-17	0.3	0.6
Jun-17	0.6	0.7
Sep-17	1.0	0.7
Dec-17	0.5	0.8
Mar-18	0.9	0.8
Jun-18	0.7	0.6
Sep-18	0.3	0.4
Dec-18	0.2	0.3
Mar-19	0.5	0.4
Jun-19	0.6	0.6
Sep-19	0.6	0.6
Dec-19	0.5	0.5

GDP growth rates, chain volume measures, quarterly change

["","Seasonally adjusted","Trend"]

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Contribution to GDP growth, seasonally adjusted
	Contributions to GDP growth (%pts)
General government consumption	0.1
Household consumption	0.2
Private capital formation	-0.2
Public capital formation	0.0
Change in inventories	0.2
Exports	0.0
Imports	0.1
GDP	0.5

Contribution to GDP growth, seasonally adjusted

["","Contributions to GDP growth"]

[["General government consumption","Household consumption","Private capital formation","Public capital formation","Change in inventories","Exports","Imports","GDP"],[[0.10000000000000001],[0.20000000000000001],[-0.20000000000000001],[0],[0.20000000000000001],[0],[0.10000000000000001],[0.5]]]

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Revisions in this issue

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

Changes in this issue

This issue includes a print-friendly key tables section of headline economic indicators. For more information regarding these tables, please see the Information paper: New key tables for the presentation of the quarterly national accounts.

Bushfire activities

Impacts of recent bushfires and natural disasters around Australia have been closely monitored through the compilation and quality assurance of the national accounts. While impacts on economic activity are observable in isolated areas of the accounts, these are not apparent at an aggregate level. More impacts are expected from both the bushfires and COVID-19 in the March quarter. For more information please see the ABS Chief Economist Series paper Measuring natural disasters in the Australian economy.

Key tables

Show all

Key national accounts aggregates seasonally adjusted

		Sep 18 to Dec 18	Dec 18 to Mar 19	Mar 19 to Jun 19	Jun 19 to Sep 19	Sep 19 to Dec 19	Through the year, Dec 18 to Dec 19
			Percentage change (a)
Chain volume GDP and related measures (b)
	GDP	0.2	0.5	0.6	0.6	0.5	2.2
	GDP per capita (c)	-0.2	0.1	0.2	0.2	0.2	0.7
	Gross value added market sector (d)	-0.1	0.6	0.5	0.3	0.4	1.8
	Net domestic product	0.1	0.5	0.6	0.5	0.5	2.1
Real income measures (b)
	Real gross domestic income	0.7	1.3	1.0	0.6	-0.8	2.1
	Real gross national income	0.9	1.1	1.3	0.9	-0.6	2.8
	Real net national disposable income	1.0	1.2	1.6	0.9	-0.9	2.7
	Real net national disposable income per capita (c)	0.6	0.8	1.2	0.5	-1.3	1.2
Current price measures
	GDP	1.2	1.6	1.5	1.2	-0.3	4.1
Productivity
	Hours worked	0.6	0.8	0.1	0.6	0.4	1.8
	Hours worked market sector (d)	0.2	1.0	0.1	0.2	0.3	1.5
	GDP per hour worked	-0.4	-0.3	0.5	-	0.2	0.4
	Gross value added per hour worked market sector (d)	-0.2	-0.4	0.4	0.1	0.2	0.2
	Real unit labour costs	-	-0.7	0.2	0.1	1.3	0.9
	Real unit labour costs - non-farm	-0.3	-1.0	0.4	-0.1	1.4	0.7
Prices
	GDP implicit price deflator	1.0	1.1	0.8	0.7	-0.8	1.9
	Domestic final demand implicit price deflator	0.5	0.3	0.6	0.4	0.3	1.7
	Terms of trade	2.6	3.2	1.5	0.2	-5.3	-0.6
				Levels
Chain volume GDP and related measures (b)
	GDP ($m)	470 071	472 398	475 243	477 863	480 379	. .
	GDP per capita (c) ($)	18 670	18 692	18 738	18 767	18 796	. .
	Gross value added market sector (d) ($m)	318 400	320 288	321 822	322 682	324 092	. .
	Net domestic product ($m)	387 793	389 594	391 898	393 975	395 957	. .
Real income measures (b)
	Real gross domestic income ($m)	474 339	480 296	484 928	487 801	484 129	. .
	Real gross national income ($m)	459 364	464 537	470 601	475 068	472 070	. .
	Real net national disposable income ($m)	376 879	381 331	387 296	390 905	387 227	. .
	Real net national disposable income per capita (c) ($)	14 969	15 089	15 270	15 352	15 151	. .
Current price measures
	GDP ($m)	482 785	490 676	497 813	503 880	502 598	. .
	GDP per capita (c) ($)	19 175	19 416	19 628	19 789	19 665	. .
	Gross national income ($m)	467 672	473 757	482 132	489 279	488 901	. .
	National net saving ($m)	22 756	24 750	27 287	30 063	25 592	. .
	Household saving ratio	3.0	3.5	2.6	4.8	3.6	. .
Prices
	Terms of trade (index) (e)	104.1	107.5	109.1	109.3	103.5	. .

. . 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 2017-18.
(c) Population estimates are as published in the Australian Demographic Statistics (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 2017-18 = 100.0.

Analytical expenditure aggregates, chain volume measures (a) seasonally adjusted, percentage changes (b)

			Sep 18 to Dec 18	Dec 18 to Mar 19	Mar 19 to Jun 19	Jun 19 to Sep 19	Sep 19 to Dec 19	Through the year, Dec 18 to Dec 19	Contribution to growth, Sep 19 to Dec 19
Final consumption expenditure
	General government		1.4	1.0	2.4	1.1	0.7	5.3	0.1
	Households		0.4	0.4	0.3	0.1	0.4	1.2	0.2
		Essential	0.6	0.6	0.4	0.4	0.3	1.8	0.1
		Discretionary	-	-0.1	0.3	-0.3	0.5	0.5	0.1
Gross fixed capital formation
	Private		-1.3	-0.8	-1.4	-	-1.1	-3.4	-0.2
		Mining	-7.2	-0.1	3.3	-4.8	5.0	3.2	0.1
		Non-mining	2.6	1.3	-1.7	1.3	-3.6	-2.7	-0.3
		Total private business investment	0.2	1.0	-0.6	-0.1	-1.7	-1.4	-0.2
	Public		-2.6	0.6	0.8	3.0	-0.4	4.1	-
Final demand
	Public		0.5	0.9	2.1	1.5	0.5	5.0	0.1
	Private		-	0.1	-0.1	0.1	-	0.1	-

- nil or rounded to zero
(a) Reference year for chain volume measures is 2017-18.
(b) Change on preceding quarter; second column from right shows the change between the current quarter and the corresponding quarter of the previous year; last column shows the contribution to growth in GDP.

Expenditure aggregates, chain volume measures (a) seasonally adjusted, contributions to growth in GDP

		Sep 18 to Dec 18	Dec 18 to Mar 19	Mar 19 to Jun 19	Jun 19 to Sep 19	Sep 19 to Dec 19
Final consumption expenditure
	General government	0.3	0.2	0.5	0.2	0.1
	Households	0.2	0.2	0.2	0.1	0.2
Gross fixed capital formation
	Private	-0.2	-0.2	-0.3	-	-0.2
	Public	-0.1	-	-	0.2	-
Domestic final demand		0.1	0.3	0.4	0.4	0.1
Changes in inventories		-	-0.1	-0.3	0.2	0.2
Exports of goods and services		-0.1	0.4	0.2	0.1	-
Imports of goods and services		-	-	0.3	-0.1	0.1
Statistical discrepancy (E)		0.2	-0.1	-	-0.1	0.1
Gross domestic product		0.2	0.5	0.6	0.6	0.5

- nil or rounded to zero
(a) Reference year for chain volume measures is 2017-18.

Expenditure on GDP, chain volume measures (a) seasonally adjusted, percentage changes (b)

		Sep 18 to Dec 18	Dec 18 to Mar 19	Mar 19 to Jun 19	Jun 19 to Sep 19	Sep 19 to Dec 19	Through the year, Dec 18 to Dec 19	Contribution to growth, Sep 19 to Dec 19
Final consumption expenditure
	General government	1.4	1.0	2.4	1.1	0.7	5.3	0.1
	Households	0.4	0.4	0.3	0.1	0.4	1.2	0.2
	Total final consumption expenditure	0.6	0.5	0.9	0.4	0.5	2.3	0.4
Private gross fixed capital formation
	Dwellings	-2.3	-2.0	-3.5	-1.2	-3.4	-9.7	-0.2
	Ownership transfer costs	-8.0	-10.8	0.3	6.0	12.3	6.5	0.2
	Non-dwelling construction	0.7	1.2	-4.9	3.2	-4.5	-5.2	-0.2
	Machinery and equipment	-0.8	1.0	3.5	-5.3	0.1	-0.9	-
	Cultivated biological resources	-4.1	-5.0	1.7	-1.0	-2.6	-6.8	-
	Intellectual property products	1.5	0.9	2.7	2.0	2.0	7.8	-
	Total private gross fixed capital formation	-1.3	-0.8	-1.4	-	-1.1	-3.4	-0.2
Public gross fixed capital formation
	Public corporations	-7.8	-0.9	-3.7	6.1	-8.6	-7.5	-0.1
	General government	-0.8	1.1	2.2	2.1	2.2	7.8	0.1
	Total public gross fixed capital formation	-2.6	0.6	0.8	3.0	-0.4	4.1	-
Total gross fixed capital formation		-1.6	-0.5	-1.0	0.6	-1.0	-1.8	-0.2
Domestic final demand		0.1	0.3	0.4	0.4	0.1	1.3	0.1
Changes in inventories		. .	. .	. .	. .	. .	. .	0.2
Exports of goods and services		-0.5	1.9	1.0	0.5	-	3.4	-
Imports of goods and services		0.1	-	-1.3	0.3	-0.5	-1.5	0.1
Statistical discrepancy (E)		. .	. .	. .	. .	. .	. .	0.1
Gross domestic product		0.2	0.5	0.6	0.6	0.5	2.2	0.5

. . not applicable
- nil or rounded to zero
(a) Reference year for chain volume measures is 2017-18.
(b) Change on preceding quarter; second column from right shows the change between the current quarter and the corresponding quarter of the previous year; last column shows the contribution to growth in GDP.

Household final consumption expenditure, chain volume measures (a) seasonally adjusted, percentage changes (b)

	Sep 18 to Dec 18	Dec 18 to Mar 19	Mar 19 to Jun 19	Jun 19 to Sep 19	Sep 19 to Dec 19	Through the year, Dec 18 to Dec 19	Contribution to growth, Sep 19 to Dec 19
Food	0.5	0.2	0.3	0.3	-0.2	0.6	-
Cigarettes and tobacco	-1.1	-1.4	-2.1	-3.2	-3.9	-10.2	-0.1
Alcoholic beverages	-1.1	0.6	0.3	-0.4	0.7	1.1	-
Clothing and footwear	1.8	0.1	0.4	-0.4	2.1	2.2	0.1
Rent and other dwelling services	0.5	0.6	0.6	0.6	0.6	2.3	0.1
Electricity, gas and other fuel	-1.2	1.6	-1.4	-0.2	1.9	1.8	-
Furnishings and household equipment	-1.0	-0.2	0.4	0.6	1.3	2.1	0.1
Health	1.4	0.8	0.4	1.1	0.6	3.0	-
Purchase of vehicles	-1.2	0.7	-3.3	-1.3	-2.4	-6.1	-
Operation of vehicles	0.7	-0.3	0.4	-0.3	0.5	0.4	-
Transport services	-0.1	0.6	-	-1.8	-0.9	-2.1	-
Communications	0.7	1.4	0.7	0.3	0.4	2.8	-
Recreation and culture	-0.1	-0.2	0.8	0.7	0.5	1.8	0.1
Education services	0.5	0.5	0.6	0.3	0.4	1.9	-
Hotels, cafes and restaurants	0.3	-0.3	0.7	-1.0	0.7	0.1	-
Insurance and other financial services	0.8	0.8	0.4	0.4	0.4	2.1	-
Other goods and services	0.5	0.8	0.4	0.4	0.3	1.9	-
Total	0.4	0.4	0.3	0.1	0.4	1.2	0.4

Industry gross value added (a), chain volume measures (b) seasonally adjusted, percentage changes (c)

	Sep 18 to Dec 18	Dec 18 to Mar 19	Mar 19 to Jun 19	Jun 19 to Sep 19	Sep 19 to Dec 19	Through the year, Dec 18 to Dec 19	Contribution to growth, Sep 19 to Dec 19
Agriculture, forestry and fishing	-3.9	0.7	-0.2	-3.7	0.4	-2.8	-
Mining	1.4	0.9	3.3	1.4	1.6	7.3	0.1
Manufacturing	-0.6	-0.7	-0.8	-0.6	2.3	0.1	0.1
Electricity, gas, water and waste services	-1.2	0.6	-0.6	-0.3	0.1	-0.2	-
Construction	-1.3	-0.8	-1.2	0.7	-2.3	-3.6	-0.2
Wholesale trade	0.5	1.0	-1.3	-0.6	-0.1	-1.0	-
Retail trade	-	-0.2	-0.1	-	0.2	-0.1	-
Accommodation and food services	-0.8	-0.1	1.8	0.6	0.1	2.4	-
Transport, postal and warehousing	0.8	0.1	-0.5	-0.1	2.0	1.6	0.1
Information media and telecommunications	3.1	-0.4	1.4	0.7	0.4	2.1	-
Financial and insurance services	0.2	1.0	0.1	0.3	0.1	1.5	-
Rental, hiring and real estate services (d)	-1.1	-	0.7	0.7	2.7	4.2	0.1
Professional, scientific and technical services	-1.0	2.1	1.6	1.3	0.1	5.3	-
Administrative and support services	1.1	2.2	0.7	0.5	-0.9	2.5	-
Public administration and safety	1.5	-0.4	2.1	1.3	1.0	4.1	0.1
Education and training	0.6	0.6	0.6	0.6	0.6	2.4	-
Health care and social assistance	1.7	1.9	1.8	2.6	1.7	8.3	0.1
Arts and recreation services	2.5	2.2	0.1	0.2	-0.4	2.2	-
Other services	-0.1	1.7	2.0	-1.6	1.1	3.2	-
Ownership of dwellings	0.6	0.6	0.6	0.6	0.6	2.4	-
Gross value added at basic prices	0.2	0.6	0.7	0.6	0.6	2.5	0.6
Taxes less subsidies on products	-0.8	-0.4	0.3	0.3	0.4	0.6	-
Statistical discrepancy (P)	. .	. .	. .	. .	. .	. .	-
Gross domestic product	0.2	0.5	0.6	0.6	0.5	2.2	0.5

. . not applicable
- nil or rounded to zero
(a) At basic prices.
(b) Reference year for chain volume measures is 2017-18.
(c) Change on preceding quarter; second column from right shows the change between the current quarter and the corresponding quarter of the previous year; last column shows the contribution to growth in GDP.
(d) Excludes ownership of dwellings.

Income from GDP, current prices seasonally adjusted, percentage changes (a)

			Sep 18 to Dec 18	Dec 18 to Mar 19	Mar 19 to Jun 19	Jun 19 to Sep 19	Sep 19 to Dec 19	Through the year, Dec 18 to Dec 19	Contribution to growth, Sep 19 to Dec 19
Compensation of employees
	Wages and salaries		0.9	1.4	1.4	1.2	1.0	5.0	0.4
	Employers' social contributions (b)		0.9	1.5	1.5	1.1	0.9	5.1	-
	Total compensation of employees		0.9	1.4	1.4	1.2	1.0	5.1	0.4
Gross operating surplus
	Non-financial corporations
		Private non-financial corporations	4.3	3.7	2.6	2.3	-2.3	6.3	-0.5
		Public non-financial corporations	-2.7	-4.2	-6.9	-6.8	1.2	-15.9	-
		Total non-financial corporations	4.0	3.4	2.1	2.0	-2.2	5.3	-0.4
	Financial corporations		1.7	1.7	0.7	0.9	0.4	3.9	-
	Total corporations		3.5	3.0	1.8	1.7	-1.6	5.0	-0.4
	General government		1.6	1.5	1.4	1.3	1.4	5.7	-
	Dwellings owned by persons		0.6	0.5	0.5	0.3	0.3	1.6	-
	Total gross operating surplus		2.8	2.4	1.5	1.4	-1.1	4.3	-0.4
Gross mixed income			-0.8	-0.4	-0.8	-0.4	-1.5	-3.0	-0.1
Total factor income			1.4	1.6	1.3	1.1	-	4.0	-
Taxes less subsidies on production and imports			0.2	-0.4	3.0	1.0	-1.6	1.9	-0.2
Statistical discrepancy (I)			. .	. .	. .	. .	. .	. .	-0.1
Gross domestic product			1.2	1.6	1.5	1.2	-0.3	4.1	-0.3

. . not applicable
- nil or rounded to zero
(a) Change on preceding quarter; second column from right shows the change between the current quarter and the corresponding quarter of the previous year; last column shows the contribution to growth in GDP.
(b) Includes contributions to superannuation made by employers and payments of workers' compensation premiums.

Key national accounts aggregates seasonally adjusted, revisions to percentage changes (a)

		Sep 18 to Dec 18	Dec 18 to Mar 19	Mar 19 to Jun 19	Jun 19 to Sep 19
Chain volume GDP and related measures (b)
	GDP	-	-	-	0.2
	GDP per capita (c)	-	-	-0.1	0.2
	Gross value added market sector (d)	-	-	-	0.1
	Net domestic product	-	-	-	0.1
Real income measures (b)
	Real gross domestic income	-	-	-	0.1
	Real gross national income	-0.1	-	-	-
	Real net national disposable income	-0.1	-	0.1	-
	Real net national disposable income per capita (c)	-0.1	-	-	-
Current price measures
	GDP	-	-	-	0.1
	Household saving ratio (e)	-0.1	0.1	-0.1	-
Productivity
	Hours worked	0.1	-	-	-
	Hours worked market sector (d)	0.2	-	-	-0.1
	GDP per hour worked	-0.1	-	-0.1	0.2
	Gross value added per hour worked market sector (d)	-0.1	-	-	0.2
	Real unit labour costs	-0.1	-	-	-
	Real unit labour costs - non-farm	-0.1	0.1	-	-0.1
Prices
	Terms of trade	0.1	-0.1	0.1	-0.2

- nil or rounded to zero
(a) Change on preceding quarter.
(b) Reference year for chain volume measures and real income measures is 2017-18.
(c) Population estimates are as published in the Australian Demographic Statistics (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, chain volume measures (a) seasonally adjusted, revisions to percentage changes (b)

			Sep 18 to Dec 18	Dec 18 to Mar 19	Mar 19 to Jun 19	Jun 19 to Sep 19
Final consumption expenditure
	General government		-0.1	-	-0.1	0.2
	Households		-	0.1	-	-
		Essential	-	-	-	-
		Discretionary	-0.1	0.1	-	-
Gross fixed capital formation
	Private		0.3	-0.1	0.5	0.7
		Mining	-0.2	0.1	-0.4	3.0
		Non-mining	0.7	-0.3	0.9	0.1
		Total private business investment	0.4	-0.2	0.6	0.8
	Public		-0.5	0.2	0.8	1.1
Final demand
	Public		-0.2	0.1	0.1	0.4
	Private		0.1	-	0.1	0.2

- nil or rounded to zero
(a) Reference year for chain volume measures is 2017-18.
(b) Change on preceding quarter.

Expenditure on GDP, chain volume measures (a) seasonally adjusted, revisions to percentage changes (b)

		Sep 18 to Dec 18	Dec 18 to Mar 19	Mar 19 to Jun 19	Jun 19 to Sep 19
Final consumption expenditure
	General government	-0.1	-	-0.1	0.2
	Households	-	0.1	-	-
	Total final consumption expenditure	-0.1	-	-	0.1
Private gross fixed capital formation
	Dwellings	0.8	-0.4	0.2	0.5
	Ownership transfer costs	-1.4	0.9	0.2	1.5
	Non-dwelling construction	0.9	-0.3	1.0	2.6
	Machinery and equipment	0.2	-0.3	0.6	-1.1
	Cultivated biological resources	0.3	-0.4	-0.6	-1.8
	Intellectual property products	-	0.1	-0.1	0.3
	Total private gross fixed capital formation	0.3	-0.1	0.5	0.7
Public gross fixed capital formation
	Public corporations	-0.2	0.1	1.3	0.7
	General government	-0.6	0.3	0.6	1.2
	Total public gross fixed capital formation	-0.5	0.2	0.8	1.1
Total gross fixed capital formation		0.1	-0.1	0.5	0.8
Domestic final demand		-	-	0.1	0.2
Gross national expenditure		-0.1	-	0.1	0.3
Exports of goods and services		-0.1	0.2	-0.3	-0.2
Imports of goods and services		0.2	0.1	-0.2	0.5
Gross domestic product		-	-	-	0.2

- nil or rounded to zero
(a) Reference year for chain volume measures is 2017-18.
(b) Change on preceding quarter.

Industry gross value added (a), chain volume measures (b) seasonally adjusted, revisions to percentage changes (c)

	Sep 18 to Dec 18	Dec 18 to Mar 19	Mar 19 to Jun 19	Jun 19 to Sep 19
Agriculture, forestry and fishing	0.2	0.4	-	-1.6
Mining	-0.4	-0.2	-0.4	0.7
Manufacturing	0.1	-0.5	0.4	-
Electricity, gas, water and waste services	0.1	-0.3	0.2	-
Construction	0.7	-0.3	-	0.2
Wholesale trade	-	-0.1	0.1	0.1
Retail trade	0.1	-	-	-0.1
Accommodation and food services	-0.3	0.2	0.1	0.5
Transport, postal and warehousing	-0.4	0.2	-	0.3
Information media and telecommunications	0.5	-0.3	-0.1	-0.1
Financial and insurance services	-0.1	-	-	0.2
Rental, hiring and real estate services (d)	-0.6	0.3	-0.1	0.5
Professional, scientific and technical services	-	0.1	-0.2	-
Administrative and support services	0.7	-0.1	-0.2	-0.5
Public administration and safety	-0.1	-0.1	0.2	0.1
Education and training	-	-	-	-
Health care and social assistance	-	-	-	-
Arts and recreation services	0.4	-0.3	0.1	-0.1
Other services	-0.2	-0.1	-	0.1
Ownership of dwellings	-	-	-	-
Gross value added at basic prices	-	-0.1	-	0.1
Taxes less subsidies on products	-0.1	-	-0.1	0.2
Gross domestic product	-	-	-	0.2

- nil or rounded to zero
(a) At basic prices.
(b) Reference year for chain volume measures is 2017-18.
(c) Change on preceding quarter.
(d) Excludes ownership of dwellings.

Income from GDP, current prices seasonally adjusted, revisions to percentage changes (a)

			Sep 18 to Dec 18	Dec 18 to Mar 19	Mar 19 to Jun 19	Jun 19 to Sep 19
Compensation of employees
	Wages and salaries		-0.1	-	-	0.1
	Employers' social contributions (b)		-0.1	-	-	0.1
	Total compensation of employees		-0.1	-	-	0.1
Gross operating surplus
	Non-financial corporations
		Private non-financial corporations	0.3	-0.3	-	0.3
		Public non-financial corporations	-1.0	1.5	-6.7	-1.7
		Total non-financial corporations	0.3	-0.1	-0.4	0.3
	Financial corporations		-	-	-	0.4
	Total corporations		0.3	-0.1	-0.3	0.2
	General government		-	-	-	-
	Dwellings owned by persons		-0.1	-	-	-0.1
	Total gross operating surplus		0.2	-0.1	-0.2	0.2
Gross mixed income			-	-	-0.5	-
Total factor income			-	-0.1	-0.1	0.1
Taxes less subsidies on production and imports			0.6	-0.1	0.1	-0.3
Gross domestic product			-	-	-	0.1

- nil or rounded to zero
(a) Change on preceding quarter.
(b) Includes contributions to superannuation made by employers and payments of workers' compensation premiums.

Analysis

Australian economy grew by 0.5%

Australia's gross domestic product (GDP) grew by 0.5% in the December quarter 2019, following a 0.6% rise in the September quarter (revised up 0.2 percentage points). The Australian economy grew 2.2% through the year.

Gross domestic product, chain volume measures - seasonally adjusted
	Quarterly (%)	Through the year (%)
Dec-11	1.1	3.4
Mar-12	0.9	4.7
Jun-12	0.8	4.2
Sep-12	0.6	3.5
Dec-12	0.6	2.9
Mar-13	0.3	2.2
Jun-13	0.5	1.9
Sep-13	0.8	2.1
Dec-13	0.8	2.4
Mar-14	0.7	2.8
Jun-14	0.5	2.9
Sep-14	0.5	2.6
Dec-14	0.4	2.1
Mar-15	0.9	2.3
Jun-15	0.1	1.8
Sep-15	1.1	2.5
Dec-15	0.6	2.6
Mar-16	0.9	2.7
Jun-16	0.7	3.3
Sep-16	0.2	2.4
Dec-16	1.0	2.8
Mar-17	0.3	2.2
Jun-17	0.6	2.1
Sep-17	1.0	3.0
Dec-17	0.5	2.5
Mar-18	0.9	3.1
Jun-18	0.7	3.2
Sep-18	0.3	2.5
Dec-18	0.2	2.2
Mar-19	0.5	1.7
Jun-19	0.6	1.6
Sep-19	0.6	1.8
Dec-19	0.5	2.2

Gross domestic product, chain volume measures - seasonally adjusted

["","Quarterly","Through the year"]

[["Dec-11","Mar-12","Jun-12","Sep-12","Dec-12","Mar-13","Jun-13","Sep-13","Dec-13","Mar-14","Jun-14","Sep-14","Dec-14","Mar-15","Jun-15","Sep-15","Dec-15","Mar-16","Jun-16","Sep-16","Dec-16","Mar-17","Jun-17","Sep-17","Dec-17","Mar-18","Jun-18","Sep-18","Dec-18","Mar-19","Jun-19","Sep-19","Dec-19"],[[1.1000000000000001],[0.90000000000000002],[0.80000000000000004],[0.59999999999999998],[0.59999999999999998],[0.29999999999999999],[0.5],[0.80000000000000004],[0.80000000000000004],[0.69999999999999996],[0.5],[0.5],[0.40000000000000002],[0.90000000000000002],[0.10000000000000001],[1.1000000000000001],[0.59999999999999998],[0.90000000000000002],[0.69999999999999996],[0.20000000000000001],[1],[0.29999999999999999],[0.59999999999999998],[1],[0.5],[0.90000000000000002],[0.69999999999999996],[0.29999999999999999],[0.20000000000000001],[0.5],[0.59999999999999998],[0.59999999999999998],[0.5]],[[3.3999999999999999],[4.7000000000000002],[4.2000000000000002],[3.5],[2.8999999999999999],[2.2000000000000002],[1.8999999999999999],[2.1000000000000001],[2.3999999999999999],[2.7999999999999998],[2.8999999999999999],[2.6000000000000001],[2.1000000000000001],[2.2999999999999998],[1.8],[2.5],[2.6000000000000001],[2.7000000000000002],[3.2999999999999998],[2.3999999999999999],[2.7999999999999998],[2.2000000000000002],[2.1000000000000001],[3],[2.5],[3.1000000000000001],[3.2000000000000002],[2.5],[2.2000000000000002],[1.7],[1.6000000000000001],[1.8],[2.2000000000000002]]]

[]

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[{"axis_id":"0","tick_interval":"1","axis_min":"0","axis_max":"5","axis_title":"%","precision":"","table_units":"(%)","tooltip_units":"(%)","axis_units":"","data_unit_prefix":"","data_unit_suffix":"","reverse_axis":false}]

Sales events support growth in household consumption

Household final consumption expenditure increased 0.4% in the quarter, with through the year growth up 1.2%. The quarterly rise in household consumption was driven by consumption of discretionary goods and services, which rose 0.5%, the largest increase since June 2018. Essential goods and services also contributed with a modest rise.

Household final consumption expenditure, chain volume measures - seasonally adjusted
	Quarterly (%)	Through the year (%)
Dec-11	0.3	2.6
Mar-12	1.3	3.2
Jun-12	0.4	2.7
Sep-12	0.3	2.3
Dec-12	0.2	2.1
Mar-13	0.6	1.4
Jun-13	0.3	1.3
Sep-13	1.0	2.1
Dec-13	0.6	2.5
Mar-14	0.6	2.5
Jun-14	0.5	2.7
Sep-14	0.7	2.4
Dec-14	0.5	2.4
Mar-15	0.5	2.2
Jun-15	0.6	2.4
Sep-15	1.0	2.6
Dec-15	0.5	2.5
Mar-16	0.9	3.0
Jun-16	0.4	2.8
Sep-16	0.5	2.3
Dec-16	0.7	2.5
Mar-17	0.4	2.0
Jun-17	0.7	2.3
Sep-17	0.8	2.6
Dec-17	1.0	2.9
Mar-18	0.5	3.0
Jun-18	0.8	3.1
Sep-18	0.3	2.6
Dec-18	0.4	2.0
Mar-19	0.4	1.9
Jun-19	0.3	1.4
Sep-19	0.1	1.2
Dec-19	0.4	1.2

Household final consumption expenditure, chain volume measures - seasonally adjusted

["","Quarterly","Through the year"]

[["Dec-11","Mar-12","Jun-12","Sep-12","Dec-12","Mar-13","Jun-13","Sep-13","Dec-13","Mar-14","Jun-14","Sep-14","Dec-14","Mar-15","Jun-15","Sep-15","Dec-15","Mar-16","Jun-16","Sep-16","Dec-16","Mar-17","Jun-17","Sep-17","Dec-17","Mar-18","Jun-18","Sep-18","Dec-18","Mar-19","Jun-19","Sep-19","Dec-19"],[[0.29999999999999999],[1.3],[0.40000000000000002],[0.29999999999999999],[0.20000000000000001],[0.59999999999999998],[0.29999999999999999],[1],[0.59999999999999998],[0.59999999999999998],[0.5],[0.69999999999999996],[0.5],[0.5],[0.59999999999999998],[1],[0.5],[0.90000000000000002],[0.40000000000000002],[0.5],[0.69999999999999996],[0.40000000000000002],[0.69999999999999996],[0.80000000000000004],[1],[0.5],[0.80000000000000004],[0.29999999999999999],[0.40000000000000002],[0.40000000000000002],[0.29999999999999999],[0.10000000000000001],[0.40000000000000002]],[[2.6000000000000001],[3.2000000000000002],[2.7000000000000002],[2.2999999999999998],[2.1000000000000001],[1.3999999999999999],[1.3],[2.1000000000000001],[2.5],[2.5],[2.7000000000000002],[2.3999999999999999],[2.3999999999999999],[2.2000000000000002],[2.3999999999999999],[2.6000000000000001],[2.5],[3],[2.7999999999999998],[2.2999999999999998],[2.5],[2],[2.2999999999999998],[2.6000000000000001],[2.8999999999999999],[3],[3.1000000000000001],[2.6000000000000001],[2],[1.8999999999999999],[1.3999999999999999],[1.2],[1.2]]]

[]

[{"axis_id":"0","tick_interval":"4","axis_min":"","axis_max":"","axis_title":"","precision":-1,"axis_units":"","tooltip_units":"","table_units":"","data_unit_prefix":"","data_unit_suffix":"","reverse_axis":false}]

[{"axis_id":"0","tick_interval":"1","axis_min":"0","axis_max":"4","axis_title":"%","precision":"","table_units":"(%)","tooltip_units":"(%)","axis_units":"","data_unit_prefix":"","data_unit_suffix":"","reverse_axis":false}]

Essential and discretionary consumption expenditure, chain volume measures - seasonally adjusted
	Essential consumption (%)	Discretionary consumption (%)
Dec-11	-0.10	0.90
Mar-12	1.30	1.50
Jun-12	0.80	0.20
Sep-12	0.00	0.50
Dec-12	0.70	-0.90
Mar-13	0.50	0.70
Jun-13	0.50	0.30
Sep-13	1.00	0.40
Dec-13	0.40	0.60
Mar-14	0.60	0.60
Jun-14	0.40	0.80
Sep-14	0.30	1.10
Dec-14	0.50	0.60
Mar-15	0.50	0.50
Jun-15	0.60	0.40
Sep-15	0.70	1.20
Dec-15	0.50	0.50
Mar-16	0.70	1.10
Jun-16	0.70	0.60
Sep-16	0.50	0.20
Dec-16	0.90	0.60
Mar-17	0.80	-0.10
Jun-17	0.60	0.90
Sep-17	0.80	0.70
Dec-17	0.30	1.90
Mar-18	0.60	0.30
Jun-18	0.90	0.60
Sep-18	0.30	0.30
Dec-18	0.60	0.00
Mar-19	0.60	-0.10
Jun-19	0.40	0.30
Sep-19	0.40	-0.30
Dec-19	0.30	0.50

Essential and discretionary consumption expenditure, chain volume measures - seasonally adjusted

["","Essential consumption","Discretionary consumption"]

[["Dec-11","Mar-12","Jun-12","Sep-12","Dec-12","Mar-13","Jun-13","Sep-13","Dec-13","Mar-14","Jun-14","Sep-14","Dec-14","Mar-15","Jun-15","Sep-15","Dec-15","Mar-16","Jun-16","Sep-16","Dec-16","Mar-17","Jun-17","Sep-17","Dec-17","Mar-18","Jun-18","Sep-18","Dec-18","Mar-19","Jun-19","Sep-19","Dec-19"],[[-0.10000000000000001],[1.3],[0.80000000000000004],[0],[0.69999999999999996],[0.5],[0.5],[1],[0.40000000000000002],[0.59999999999999998],[0.40000000000000002],[0.29999999999999999],[0.5],[0.5],[0.59999999999999998],[0.69999999999999996],[0.5],[0.69999999999999996],[0.69999999999999996],[0.5],[0.90000000000000002],[0.80000000000000004],[0.59999999999999998],[0.80000000000000004],[0.29999999999999999],[0.59999999999999998],[0.90000000000000002],[0.29999999999999999],[0.59999999999999998],[0.59999999999999998],[0.40000000000000002],[0.40000000000000002],[0.29999999999999999]],[[0.90000000000000002],[1.5],[0.20000000000000001],[0.5],[-0.90000000000000002],[0.69999999999999996],[0.29999999999999999],[0.40000000000000002],[0.59999999999999998],[0.59999999999999998],[0.80000000000000004],[1.1000000000000001],[0.59999999999999998],[0.5],[0.40000000000000002],[1.2],[0.5],[1.1000000000000001],[0.59999999999999998],[0.20000000000000001],[0.59999999999999998],[-0.10000000000000001],[0.90000000000000002],[0.69999999999999996],[1.8999999999999999],[0.29999999999999999],[0.59999999999999998],[0.29999999999999999],[0],[-0.10000000000000001],[0.29999999999999999],[-0.29999999999999999],[0.5]]]

[]

[{"axis_id":"0","tick_interval":"4","axis_min":"","axis_max":"","axis_title":"","precision":-1,"axis_units":"","tooltip_units":"","table_units":"","data_unit_prefix":"","data_unit_suffix":"","reverse_axis":false}]

[{"axis_id":"0","tick_interval":"1","axis_min":"-2","axis_max":"3","axis_title":"%","precision":"","table_units":"(%)","tooltip_units":"(%)","axis_units":"","data_unit_prefix":"","data_unit_suffix":"","reverse_axis":false}]

Dwelling investment continues to decline

Investment in new and used dwellings fell 4.1% in the quarter and 12.2% through the year, reflecting continued weakness in dwelling approvals. Both houses (-4.4%) and other residential dwellings (-3.3%) contributed to the decline this quarter.

New and used dwelling investment, chain volume measures - seasonally adjusted
	Quarterly (%)	Through the year (%)
Dec-11	-1.2	-5.9
Mar-12	-1.9	-7.3
Jun-12	-3.0	-9.0
Sep-12	5.1	-1.2
Dec-12	3.4	3.4
Mar-13	1.9	7.4
Jun-13	1.2	12.0
Sep-13	1.3	7.9
Dec-13	1.1	5.5
Mar-14	3.5	7.2
Jun-14	3.8	9.9
Sep-14	0.7	9.3
Dec-14	5.3	13.9
Mar-15	6.1	16.7
Jun-15	-4.4	7.6
Sep-15	7.9	15.3
Dec-15	2.5	12.2
Mar-16	5.2	11.3
Jun-16	0.9	17.5
Sep-16	-1.0	7.8
Dec-16	2.6	8.0
Mar-17	-3.5	-1.0
Jun-17	-1.0	-2.9
Sep-17	1.7	-0.2
Dec-17	0.4	-2.4
Mar-18	2.6	3.7
Jun-18	3.5	8.5
Sep-18	-2.0	4.6
Dec-18	-2.0	2.0
Mar-19	-1.0	-1.5
Jun-19	-5.1	-9.7
Sep-19	-2.6	-10.3
Dec-19	-4.1	-12.2

New and used dwelling investment, chain volume measures - seasonally adjusted

["","Quarterly","Through the year"]

[["Dec-11","Mar-12","Jun-12","Sep-12","Dec-12","Mar-13","Jun-13","Sep-13","Dec-13","Mar-14","Jun-14","Sep-14","Dec-14","Mar-15","Jun-15","Sep-15","Dec-15","Mar-16","Jun-16","Sep-16","Dec-16","Mar-17","Jun-17","Sep-17","Dec-17","Mar-18","Jun-18","Sep-18","Dec-18","Mar-19","Jun-19","Sep-19","Dec-19"],[[-1.2],[-1.8999999999999999],[-3],[5.0999999999999996],[3.3999999999999999],[1.8999999999999999],[1.2],[1.3],[1.1000000000000001],[3.5],[3.7999999999999998],[0.69999999999999996],[5.2999999999999998],[6.0999999999999996],[-4.4000000000000004],[7.9000000000000004],[2.5],[5.2000000000000002],[0.90000000000000002],[-1],[2.6000000000000001],[-3.5],[-1],[1.7],[0.40000000000000002],[2.6000000000000001],[3.5],[-2],[-2],[-1],[-5.0999999999999996],[-2.6000000000000001],[-4.0999999999999996]],[[-5.9000000000000004],[-7.2999999999999998],[-9],[-1.2],[3.3999999999999999],[7.4000000000000004],[12],[7.9000000000000004],[5.5],[7.2000000000000002],[9.9000000000000004],[9.3000000000000007],[13.9],[16.699999999999999],[7.5999999999999996],[15.300000000000001],[12.199999999999999],[11.300000000000001],[17.5],[7.7999999999999998],[8],[-1],[-2.8999999999999999],[-0.20000000000000001],[-2.3999999999999999],[3.7000000000000002],[8.5],[4.5999999999999996],[2],[-1.5],[-9.6999999999999993],[-10.300000000000001],[-12.199999999999999]]]

[]

[{"axis_id":"0","tick_interval":"4","axis_min":"","axis_max":"","axis_title":"","precision":-1,"axis_units":"","tooltip_units":"","table_units":"","data_unit_prefix":"","data_unit_suffix":"","reverse_axis":false}]

[{"axis_id":"0","tick_interval":"5","axis_min":"-15","axis_max":"20","axis_title":"%","precision":"","table_units":"(%)","tooltip_units":"(%)","axis_units":"","data_unit_prefix":"","data_unit_suffix":"","reverse_axis":false}]

Non-mining drives fall in private business investment

Non-mining business investment fell 3.6% with weakness in road, renewables and non-residential building projects. Mining business investment rose 5.0% this quarter and increased 3.2% through the year, the first rise since September 2017.

Mining and non-mining investment, chain volume measures - seasonally adjusted
	Mining ($m)	Non-mining ($m)
Dec-11	27,011	33,638
Mar-12	33,462	34,252
Jun-12	36,874	33,623
Sep-12	36,247	34,455
Dec-12	38,224	28,589
Mar-13	35,868	32,207
Jun-13	36,761	34,216
Sep-13	37,180	30,575
Dec-13	34,379	31,030
Mar-14	31,841	33,435
Jun-14	30,341	35,112
Sep-14	29,331	33,318
Dec-14	28,280	33,622
Mar-15	25,611	34,847
Jun-15	22,509	36,085
Sep-15	21,550	34,359
Dec-15	19,932	34,612
Mar-16	18,945	33,909
Jun-16	16,141	34,271
Sep-16	13,809	35,586
Dec-16	14,565	34,671
Mar-17	14,796	36,044
Jun-17	14,273	35,401
Sep-17	14,567	40,682
Dec-17	13,697	40,199
Mar-18	12,970	41,828
Jun-18	13,499	40,585
Sep-18	13,003	40,570
Dec-18	12,064	41,635
Mar-19	12,056	42,161
Jun-19	12,451	41,460
Sep-19	11,852	41,999
Dec-19	12,448	40,508

Mining and non-mining investment, chain volume measures - seasonally adjusted

["","Mining","Non-mining"]

[["Dec-11","Mar-12","Jun-12","Sep-12","Dec-12","Mar-13","Jun-13","Sep-13","Dec-13","Mar-14","Jun-14","Sep-14","Dec-14","Mar-15","Jun-15","Sep-15","Dec-15","Mar-16","Jun-16","Sep-16","Dec-16","Mar-17","Jun-17","Sep-17","Dec-17","Mar-18","Jun-18","Sep-18","Dec-18","Mar-19","Jun-19","Sep-19","Dec-19"],[[27010.77],[33461.910000000003],[36874.239999999998],[36246.919999999998],[38224.199999999997],[35867.949999999997],[36760.879999999997],[37180.150000000001],[34379.220000000001],[31840.549999999999],[30341.09],[29330.77],[28279.860000000001],[25610.880000000001],[22509.439999999999],[21550.189999999999],[19932.209999999999],[18944.93],[16140.719999999999],[13808.85],[14565.08],[14796.26],[14273.34],[14567.299999999999],[13696.940000000001],[12970.09],[13499.41],[13003],[12064.08],[12055.77],[12451.139999999999],[11852.23],[12448.15]],[[33638.230000000003],[34252.489999999998],[33622.650000000001],[34455.110000000001],[28588.990000000002],[32207.150000000001],[34215.610000000001],[30574.52],[31029.990000000002],[33435.010000000002],[35111.690000000002],[33318.110000000001],[33621.699999999997],[34846.730000000003],[36084.949999999997],[34358.669999999998],[34612],[33909.459999999999],[34271.459999999999],[35585.589999999997],[34671.209999999999],[36044.059999999998],[35401.089999999997],[40681.900000000001],[40198.900000000001],[41828.010000000002],[40584.610000000001],[40570.449999999997],[41634.699999999997],[42160.839999999997],[41460.419999999998],[41999.269999999997],[40508.059999999998]]]

[]

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[{"axis_id":"0","tick_interval":"10000","axis_min":"0","axis_max":"50000","axis_title":"$m","precision":"0","table_units":"($m)","tooltip_units":"(m)","axis_units":"","data_unit_prefix":"$","data_unit_suffix":"","reverse_axis":false}]

Commodity prices drive falls in the terms of trade

Falls in commodity prices this quarter resulted in a 5.3% decline in the terms of trade. Weak commodity prices reduced non-financial corporations gross operating surplus, which fell for the first time since June 2017.

Private non-financial corporations gross operating surplus, current prices - seasonally adjusted
	PNFC GOS (%)	Terms of trade (%)
Dec-11	-1.5	-5.6
Mar-12	-4.5	-3.9
Jun-12	0.7	-1.0
Sep-12	-1.1	-4.7
Dec-12	-1.9	-2.4
Mar-13	1.2	2.3
Jun-13	3.1	-0.4
Sep-13	-1.1	-2.5
Dec-13	3.2	0.2
Mar-14	-1.5	-0.5
Jun-14	-2.6	-4.8
Sep-14	-5.8	-3.7
Dec-14	-1.4	-2.0
Mar-15	-2.1	-1.9
Jun-15	-1.9	-4.2
Sep-15	0.3	-2.7
Dec-15	-0.7	-4.0
Mar-16	-3.0	-1.1
Jun-16	2.0	2.5
Sep-16	5.8	3.9
Dec-16	16.3	11.1
Mar-17	5.5	5.5
Jun-17	-3.3	-5.8
Sep-17	2.3	-0.4
Dec-17	0.3	0.1
Mar-18	5.3	3.4
Jun-18	-0.1	-1.2
Sep-18	2.8	0.8
Dec-18	4.3	2.6
Mar-19	3.7	3.2
Jun-19	2.6	1.5
Sep-19	2.3	0.2
Dec-19	-2.3	-5.3

Private non-financial corporations gross operating surplus, current prices - seasonally adjusted

["","PNFC GOS","Terms of trade"]

[["Dec-11","Mar-12","Jun-12","Sep-12","Dec-12","Mar-13","Jun-13","Sep-13","Dec-13","Mar-14","Jun-14","Sep-14","Dec-14","Mar-15","Jun-15","Sep-15","Dec-15","Mar-16","Jun-16","Sep-16","Dec-16","Mar-17","Jun-17","Sep-17","Dec-17","Mar-18","Jun-18","Sep-18","Dec-18","Mar-19","Jun-19","Sep-19","Dec-19"],[[-1.5],[-4.5],[0.69999999999999996],[-1.1000000000000001],[-1.8999999999999999],[1.2],[3.1000000000000001],[-1.1000000000000001],[3.2000000000000002],[-1.5],[-2.6000000000000001],[-5.7999999999999998],[-1.3999999999999999],[-2.1000000000000001],[-1.8999999999999999],[0.29999999999999999],[-0.69999999999999996],[-3],[2],[5.7999999999999998],[16.300000000000001],[5.5],[-3.2999999999999998],[2.2999999999999998],[0.29999999999999999],[5.2999999999999998],[-0.10000000000000001],[2.7999999999999998],[4.2999999999999998],[3.7000000000000002],[2.6000000000000001],[2.2999999999999998],[-2.2999999999999998]],[[-5.5999999999999996],[-3.8999999999999999],[-1],[-4.7000000000000002],[-2.3999999999999999],[2.2999999999999998],[-0.40000000000000002],[-2.5],[0.20000000000000001],[-0.5],[-4.7999999999999998],[-3.7000000000000002],[-2],[-1.8999999999999999],[-4.2000000000000002],[-2.7000000000000002],[-4],[-1.1000000000000001],[2.5],[3.8999999999999999],[11.1],[5.5],[-5.7999999999999998],[-0.40000000000000002],[0.10000000000000001],[3.3999999999999999],[-1.2],[0.80000000000000004],[2.6000000000000001],[3.2000000000000002],[1.5],[0.20000000000000001],[-5.2999999999999998]]]

[]

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[{"axis_id":"0","tick_interval":"5","axis_min":"-10","axis_max":"20","axis_title":"%","precision":"","table_units":"(%)","tooltip_units":"(%)","axis_units":"","data_unit_prefix":"","data_unit_suffix":"","reverse_axis":false}]

Increased mining production drove gross value added (GVA)

Mining GVA rose 1.6%, driven by Coal Mining and Other Mining following maintenance activities in the September quarter 2019. Through the year Mining rose 7.3%.

Mining gross value added, chain volume measures - seasonally adjusted
	Quarterly (%)	Through the year (%)
Dec-11	2.8	7.1
Mar-12	0.5	10.6
Jun-12	2.6	9.2
Sep-12	4.1	10.3
Dec-12	2.3	9.8
Mar-13	-0.4	8.8
Jun-13	2.8	9.1
Sep-13	3.8	8.7
Dec-13	1.4	7.8
Mar-14	5.1	13.7
Jun-14	1.1	11.8
Sep-14	3.7	11.8
Dec-14	0.2	10.5
Mar-15	0.6	5.8
Jun-15	-1.9	2.6
Sep-15	6.9	5.8
Dec-15	-0.7	4.8
Mar-16	2.6	6.8
Jun-16	-1.9	6.8
Sep-16	0.4	0.3
Dec-16	1.6	2.6
Mar-17	-0.5	-0.5
Jun-17	1.2	2.7
Sep-17	0.6	2.9
Dec-17	0.7	2.1
Mar-18	4.5	7.2
Jun-18	0.7	6.7
Sep-18	0.6	6.7
Dec-18	1.4	7.3
Mar-19	0.9	3.6
Jun-19	3.3	6.2
Sep-19	1.4	7.1
Dec-19	1.6	7.3

Mining gross value added, chain volume measures - seasonally adjusted

["","Quarterly","Through the year"]

[["Dec-11","Mar-12","Jun-12","Sep-12","Dec-12","Mar-13","Jun-13","Sep-13","Dec-13","Mar-14","Jun-14","Sep-14","Dec-14","Mar-15","Jun-15","Sep-15","Dec-15","Mar-16","Jun-16","Sep-16","Dec-16","Mar-17","Jun-17","Sep-17","Dec-17","Mar-18","Jun-18","Sep-18","Dec-18","Mar-19","Jun-19","Sep-19","Dec-19"],[[2.7999999999999998],[0.5],[2.6000000000000001],[4.0999999999999996],[2.2999999999999998],[-0.40000000000000002],[2.7999999999999998],[3.7999999999999998],[1.3999999999999999],[5.0999999999999996],[1.1000000000000001],[3.7000000000000002],[0.20000000000000001],[0.59999999999999998],[-1.8999999999999999],[6.9000000000000004],[-0.69999999999999996],[2.6000000000000001],[-1.8999999999999999],[0.40000000000000002],[1.6000000000000001],[-0.5],[1.2],[0.59999999999999998],[0.69999999999999996],[4.5],[0.69999999999999996],[0.59999999999999998],[1.3999999999999999],[0.90000000000000002],[3.2999999999999998],[1.3999999999999999],[1.6000000000000001]],[[7.0999999999999996],[10.6],[9.1999999999999993],[10.300000000000001],[9.8000000000000007],[8.8000000000000007],[9.0999999999999996],[8.6999999999999993],[7.7999999999999998],[13.699999999999999],[11.800000000000001],[11.800000000000001],[10.5],[5.7999999999999998],[2.6000000000000001],[5.7999999999999998],[4.7999999999999998],[6.7999999999999998],[6.7999999999999998],[0.29999999999999999],[2.6000000000000001],[-0.5],[2.7000000000000002],[2.8999999999999999],[2.1000000000000001],[7.2000000000000002],[6.7000000000000002],[6.7000000000000002],[7.2999999999999998],[3.6000000000000001],[6.2000000000000002],[7.0999999999999996],[7.2999999999999998]]]

[]

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[{"axis_id":"0","tick_interval":"2","axis_min":"-4","axis_max":"16","axis_title":"%","precision":"","table_units":"(%)","tooltip_units":"(%)","axis_units":"","data_unit_prefix":"","data_unit_suffix":"","reverse_axis":false}]

Income tax payable drove fall in household saving ratio

The fall in gross disposable income resulted in the household saving ratio declining from 4.8% in the September quarter to 3.6% in the December quarter 2019. The fall in gross disposable income was driven by a 9.3% increase in tax payable following a strong decline with the introduction of the low and middle income tax offset last quarter.

Household saving ratio, seasonally adjusted
	Household saving ratio (%)
Dec-11	9.9
Mar-12	7.9
Jun-12	9.0
Sep-12	6.2
Dec-12	7.5
Mar-13	8.1
Jun-13	7.9
Sep-13	7.3
Dec-13	7.9
Mar-14	7.9
Jun-14	8.4
Sep-14	8.2
Dec-14	8.3
Mar-15	7.6
Jun-15	7.9
Sep-15	7.1
Dec-15	5.7
Mar-16	5.6
Jun-16	5.9
Sep-16	5.7
Dec-16	5.1
Mar-17	5.4
Jun-17	4.4
Sep-17	4.1
Dec-17	4.3
Mar-18	3.9
Jun-18	3.2
Sep-18	2.9
Dec-18	3.0
Mar-19	3.5
Jun-19	2.6
Sep-19	4.8
Dec-19	3.6

Household saving ratio, seasonally adjusted

["","Household saving ratio"]

[["Dec-11","Mar-12","Jun-12","Sep-12","Dec-12","Mar-13","Jun-13","Sep-13","Dec-13","Mar-14","Jun-14","Sep-14","Dec-14","Mar-15","Jun-15","Sep-15","Dec-15","Mar-16","Jun-16","Sep-16","Dec-16","Mar-17","Jun-17","Sep-17","Dec-17","Mar-18","Jun-18","Sep-18","Dec-18","Mar-19","Jun-19","Sep-19","Dec-19"],[[9.9000000000000004],[7.9000000000000004],[9],[6.2000000000000002],[7.5],[8.0999999999999996],[7.9000000000000004],[7.2999999999999998],[7.9000000000000004],[7.9000000000000004],[8.4000000000000004],[8.1999999999999993],[8.3000000000000007],[7.5999999999999996],[7.9000000000000004],[7.0999999999999996],[5.7000000000000002],[5.5999999999999996],[5.9000000000000004],[5.7000000000000002],[5.0999999999999996],[5.4000000000000004],[4.4000000000000004],[4.0999999999999996],[4.2999999999999998],[3.8999999999999999],[3.2000000000000002],[2.8999999999999999],[3],[3.5],[2.6000000000000001],[4.7999999999999998],[3.6000000000000001]]]

[]

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[{"axis_id":"0","tick_interval":"2","axis_min":"0","axis_max":"12","axis_title":"%","precision":"","table_units":"(%)","tooltip_units":"(%)","axis_units":"","data_unit_prefix":"","data_unit_suffix":"","reverse_axis":false}]

Expenditure chain volume measures

			Trend			Seasonally adjusted
			% Change	% Change	% points contribution to growth in GDP	% Change	% Change	% points contribution to growth in GDP
			Sep 19 to Dec 19	Dec 18 to Dec 19	Sep 19 to Dec 19	Sep 19 to Dec 19	Dec 18 to Dec 19	Sep 19 to Dec 19
Final consumption expenditure
	General government		1.0	5.7	0.2	0.7	5.3	0.1
	Households		0.3	1.2	0.2	0.4	1.2	0.2
	Total final consumption expenditure		0.5	2.3	0.4	0.5	2.3	0.4
Gross fixed capital formation
	Private
		Dwellings	-2.4	-9.7	-0.1	-3.4	-9.7	-0.2
		Ownership transfer costs	7.6	4.5	0.1	12.3	6.5	0.2
		Non-dwelling construction	-1.4	-4.0	-0.1	-4.5	-5.2	-0.2
		Machinery and equipment	-1.5	-1.6	-0.1	0.1	-0.9	-
		Cultivated biological resources	-0.8	-5.2	-	-2.6	-6.8	-
		Intellectual property products	2.0	8.0	-	2.0	7.8	-
	Public		0.8	4.0	-	-0.4	4.1	-
	Total gross fixed capital formation		-0.3	-1.9	-0.1	-1.0	-1.8	-0.2
Changes in inventories			na	na	na	na	na	0.2
Gross national expenditure			0.4	1.2	0.4	0.3	1.2	0.3
Exports of goods and services			0.3	2.9	0.1	-	3.4	-
Imports of goods and services			-0.3	-1.5	0.1	-0.5	-1.5	0.1
Statistical discrepancy (E)			na	na	-	na	na	0.1
Gross domestic product			0.5	2.1	0.5	0.5	2.2	0.5

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

Final consumption expenditure (FCE) +0.5%

Household FCE increased 0.4%, this was driven by a:

2.1% rise in clothing and footwear
1.3% rise in furnishings and household equipment
0.5% increase in recreation and culture

General government FCE also contributed to the increase with a rise of 0.7%, driven by a:

2.4% increase in national non-defence expenditure

National defence government FCE partly offset the increase with a fall of 2.0% in the quarter.

Gross fixed capital formation (GFCF) -1.0%

Private investment fell 1.1%, driven by a:

4.5% decrease in non-dwelling construction
3.4% decrease in dwellings

Ownership transfer costs grew strongly, up 12.3%, to partly offset the falls.

Public investment fell 0.4%, driven by a:

8.6% decrease in public corporations

General government GFCF partly offset the fall, increasing 2.2%.

Changes in inventories

Total inventories increased $118m in seasonally adjusted terms following a decrease of $743m last quarter. The largest contributor to the increase was a:

$1,382m build up of Mining inventories

The increase was partly offset by falls in other industries:

$593m fall in Farm inventories
$536m fall in Retail trade inventories

Exports and imports of goods and services

Exports of goods and services were flat. The main contributors were:

1.1% increase in travel services
2.8% increase in coal
19.8% fall in non-monetary gold
3.0% fall in other services

Imports of goods and services fell 0.5%, driven by a:

4.9% fall in other services
0.8% fall in travel services
49.6% fall in non-monetary gold

Increases in imports of intermediate and capital goods partly offset the falls:

6.6% increase in imports of fuels and lubricants
14.8% increase in imports of automatic data processing equipment

Income at current prices

		Trend			Seasonally adjusted
		% Change	% Change	% points contribution to growth in GDP	% Change	% Change	% points contribution to growth in GDP
		Sep 19 to Dec 19	Dec 18 to Dec 19	Sep 19 to Dec 19	Sep 19 to Dec 19	Dec 18 to Dec 19	Sep 19 to Dec 19
Compensation of employees		1.1	5.0	0.5	1.0	5.1	0.4
Gross operating surplus
	Private non-financial corporations	0.3	8.1	0.1	-2.3	6.3	-0.5
	Other(a)	0.4	1.9	0.1	0.5	2.0	0.1
Gross mixed income		-0.8	-2.9	-0.1	-1.5	-3.0	-0.1
Taxes less subsidies on production and imports		0.3	3.2	-	-1.6	1.9	-0.2
Statistical discrepancy (I)		na	na	-	na	na	-0.1
Gross domestic product		0.6	4.5	0.6	-0.3	4.1	-0.3

- 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.

Gross operating surplus (GOS) -1.1%

Private non-financial corporations GOS declined 2.3%, driven by a:

fall in Mining, in line with falls in key commodity prices as reflected in the decline in the terms of trade
fall in Construction reflecting the slowdown in dwelling and non-dwelling construction

Other sectors GOS rose 0.5%, this was driven by:

1.4% rise in general government
0.4% rise in financial corporations
1.2% rise in public non-financial corporations

Compensation of employees (COE) +1.0%

Growth was recorded in sixteen of nineteen industries, driven by a:

2.0% rise in Manufacturing, with increased food product manufacturing
0.9% rise in Health Care and Social Assistance, due to continued demand for health services
1.3% rise in Construction

All states and territories recorded growth, except South Australia. The largest increases were a:

3.4% rise in the Northern Territory
2.4% rise in Tasmania

State compensation of employees, current prices - seasonally adjusted
	Quarterly (%)	Through the year (%)
NSW	1.3	5.8
VIC	0.8	5.0
QLD	1.1	4.7
SA	-0.3	3.9
WA	0.2	4.8
TAS	2.4	5.8
NT	3.4	1.8
ACT	1.3	3.8

State compensation of employees, current prices - seasonally adjusted

["","Quarterly","Through the year"]

[["NSW","VIC","QLD","SA","WA","TAS","NT","ACT"],[[1.3],[0.80000000000000004],[1.1000000000000001],[-0.29999999999999999],[0.20000000000000001],[2.3999999999999999],[3.3999999999999999],[1.3]],[[5.7999999999999998],[5],[4.7000000000000002],[3.8999999999999999],[4.7999999999999998],[5.7999999999999998],[1.8],[3.7999999999999998]]]

[]

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Production chain volume measures

	Trend			Seasonally adjusted
	% Change	% Change	% points contribution to growth in GDP	% Change	% Change	% points contribution to growth in GDP
	Sep 19 to Dec 19	Dec 18 to Dec 19	Sep 19 to Dec 19	Sep 19 to Dec 19	Dec 18 to Dec 19	Sep 19 to Dec 19
Agriculture forestry and fishing	-1.4	-4.9	-	0.4	-2.8	-
Mining	1.6	7.5	0.1	1.6	7.3	0.1
Manufacturing	0.5	-0.9	-	2.3	0.1	0.1
Electricity gas water and waste services	-0.2	-1.0	-	0.1	-0.2	-
Construction	-0.8	-3.2	-0.1	-2.3	-3.6	-0.2
Wholesale trade	-0.6	-1.5	-	-0.1	-1.0	-
Retail trade	0.1	-0.1	-	0.2	-0.1	-
Accommodation and food services	0.6	2.5	-	0.1	2.4	-
Transport postal and warehousing	0.6	0.9	-	2.0	1.6	0.1
Information media and telecommunications	0.7	3.3	-	0.4	2.1	-
Financial and insurance services	0.1	1.3	-	0.1	1.5	-
Rental hiring and real estate services	1.4	3.1	-	2.7	4.2	0.1
Professional scientific and technical services	0.8	4.7	0.1	0.1	5.3	-
Administrative and support services	-0.1	2.6	-	-0.9	2.5	-
Public administration and safety	1.2	4.8	0.1	1.0	4.1	0.1
Education and training	0.5	2.3	-	0.6	2.4	-
Health care and social assistance	1.9	8.3	0.1	1.7	8.3	0.1
Arts and recreation services	-0.1	2.4	-	-0.4	2.2	-
Other services	-	2.2	-	1.1	3.2	-
Ownership of dwellings	0.6	2.4	-	0.6	2.4	-
Taxes less subsidies on products	0.3	0.4	-	0.4	0.6	-
Statistical discrepancy (P)	na	na	-	na	na	-
Gross domestic product	0.5	2.1	0.5	0.5	2.2	0.5

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

Agriculture, Forestry and Fishing +0.4%

This increase was driven by:

falls in input costs
Increased slaughter rates of cattle and sheep as ongoing drought conditions continued to impact the industry

Mining +1.6%

This increase was driven by a:

3.9% rise in Coal Mining reflecting increased production of hard and soft coking coal
4.2% rise in Other Mining with copper and gold production levels returning to normal after maintenance last quarter

Manufacturing +2.3%

The increased production was driven by a:

6.2% rise in Food, Beverage and Tobacco Product Manufacturing as manufacturers experienced ongoing international demand for Australian meat products (Meat exports +2.9%)
4.0% rise in Machinery and Equipment Manufacturing

Construction -2.3%

The decline was driven by a:

3.4% fall in Building Construction, reflecting weaknesses in both residential and non-residential building construction
1.7% decline in Heavy and Civil Engineering Construction due to a slowdown in non-dwelling construction
2.0% fall in Construction Services

Transport, Postal and Warehousing +2.0%

Production was driven by a:

3.1% rise in Transport, Postal and Storage Services with support, warehousing & storage services increasing
1.7% increase in Road Transport due to increased livestock freight, reflecting increased livestock production and meat exports
1.2% rise in Air and Space from increased domestic travel

Information Media and Telecommunications +0.4%

Telecommunication Services rose 1.0% , reflecting increased household expenditure on telecommunication services. This was partly offset by information and media services, which fell 0.3% due to a reduction in publishing, motion picture and sound recording activities.

Financial and Insurance Services +0.1%

Other Financial and Insurance Services rose 0.6% due to continued growth in superannuation services. This was partly offset by a 0.1% fall in Finance, driven by weak loan and deposit balances.

Professional, Scientific and Technical Services +0.1%

Other Professional, Scientific and Technical Services rose 0.5% due to engineering design for the mining industry and public transport infrastructure. This was partly offset by Computer System Design and Related Services, which fell 1.0%.

Health Care and Social Assistance +1.7%

The rise is driven by continued strength in public and private health. The industry remains strong through the year, with growth of 8.3%.

State final demand chain volume measures

		Seasonally adjusted, % change from Sep 19 to Dec 19
		NSW	Vic.	Qld	SA	WA	Tas.	NT	ACT	Aust.(a)
Final consumption expenditure
	General government	1.4	0.2	1.4	1.7	-0.6	1.1	-1.2	-1.1	0.7
	Households	0.2	0.5	0.6	0.1	0.5	0.7	0.1	0.5	0.4
Gross fixed capital formation
	Private	0.1	-1.3	-2.9	-1.6	-1.1	-8.7	1.3	5.4	-1.1
	Public	1.3	-3.9	1.6	-6.0	-1.6	-8.2	7.8	8.7	-0.4
State final demand		0.5	-0.1	0.2	-0.2	-0.2	-1.0	0.3	0.8	0.1

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

State final demand, quarterly volume measures: seasonally adjusted

Image

Description

The image is a map of Australia by state/territory showing quarterly volume measures; New South Wales' state final demand increased 0.5% for the quarter. Victoria's state final demand decreased 0.1% for the quarter. Queensland's state final demand increased 0.2% for the quarter. South Australia's state final demand decreased 0.2% for the quarter. Western Australia's state final demand decreased 0.2% for the quarter. Tasmania's state final demand decreased 1.0% for the quarter. Northern Territory's state final demand increased 0.3% for the quarter. Australian Capital Territory's state final demand increased 0.8% for the quarter.

New South Wales +0.5%

Total final consumption expenditure increased 0.5%, driven by a:

1.4% increase in total government consumption with increased expenditure on supporting new transport infrastructure and education by state and local government
0.2% increase in household consumption with modest growth in both discretionary and essential spending

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

1.5% rise in total general government
0.7% rise in total public corporations

Private gross fixed capital formation also contributed to the rise, increasing 0.1%, driven by a:

7.9% rise in total machinery and equipment
10.6% rise in ownership transfer costs
2.3% fall in dwelling investment and a 7.0% fall in non-dwelling construction partly offset the growth

Victoria -0.1%

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

9.3% fall in total machinery and equipment
5.4% fall in total non-dwelling construction reflecting slowed work on large scale road projects

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

5.4% fall in state and local general government investment in road infrastructure
10.0% decrease in commonwealth public non-financial corporations

Total final consumption expenditure partly offset investment decreases, driven by a:

0.5% rise in household consumption with increased discretionary spending
2.5% increase in national government consumption

Queensland +0.2%

Total final consumption expenditure increased 0.8%, driven by a:

0.6% rise in household consumption expenditure in line with increased discretionary spending
1.4% rise in government consumption expenditure driven by increased state and local support for health and education services

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

7.8% increase in state and local public non-financial corporations investment on transport projects
1.8% increase in state and local general government investment on infrastructure

Private gross fixed capital formation decreased 2.9%, driven by a:

10.1% fall in dwelling investment
3.8% fall in purchases of machinery and equipment

South Australia -0.2%

Public gross fixed capital formation decreased 6.0%, driven by a:

1.0% fall in commonwealth public non-financial corporations
fall in state and local public non-financial corporations which was impacted by the sale of second hand assets to the state and local general government

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

12.2% fall in non-dwelling construction as projects neared completion

Total final consumption expenditure increased 0.5%, driven by a:

3.0% rise in national government consumption
0.1% rise in household consumption expenditure with an increase in essential spending partly offset by a decrease in discretionary spending

Western Australia -0.2%

Private gross fixed capital formation decreased 1.1%, driven by a:

6.4% fall in dwelling investment, reflecting continued weakness with four consecutive falls
1.0% fall in machinery and equipment, levels of investment remain elevated

Public gross fixed capital formation decreased 1.6%, driven by a:

7.1% fall in state and local public non-financial corporations
9.6% fall in commonwealth public non-financial corporations

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

0.5% increase in household consumption with strengthened discretionary spending
0.7% increase in national government consumption

Tasmania -1.0%

Private gross fixed capital formation decreased 8.7%, driven by a:

18.6% fall in non-dwelling construction reflecting reduced work on renewable energy and accommodation projects
6.9% fall in dwelling investment driven by a fall in alterations and additions

Public gross fixed capital formation decreased 8.2%, driven by a:

5.3% fall in state and local public non-financial corporations
10.1% fall in commonwealth public non-financial corporations

Total final consumption expenditure increased 0.8%, driven by a:

0.7% rise in household consumption driven by increased discretionary and essential spending
2.8% increase in national government consumption

Northern Territory +0.3%

Public gross fixed capital formation increased 7.8%, driven by a:

9.1% rise in state and local general government with increased spending on infrastructure projects
9.8% rise in national general government

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

13.9% rise intellectual property products with increased petroleum exploration
2.1% rise in total machinery and equipment

Total final consumption expenditure decreased 0.5%, driven by a:

2.3% fall in state and local general government

Australian Capital Territory +0.8%

Private gross fixed capital formation increased 5.4%, driven by a:

62.1% rise in machinery and equipment with purchases of computer equipment
8.1% rise in dwelling investment with strength in other residential dwellings

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

11.5% rise in national general government
5.3% rise in state and local general government with continued investment in education and health infrastructure

Total final consumption expenditure decreased 0.4%, driven by a:

1.5% decrease in national government consumption with reduced expenditure by the Commonwealth public service

Recent and upcoming releases

ABS Chief Economist series: Measuring natural disasters in the Australian economy

A Chief Economist Series paper titled Measuring natural disasters in the Australian economy was released on 3 March 2020.

Australian System of National Accounts (cat. no. 5204.0)

The 2018-19 issue of the Australian System of National Accounts was released on 25 October 2019. 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.

Australian National Accounts: Supply Use Tables (cat. no. 5217.0)

The 2017-18 issue of Australian National Accounts: Supply Use Tables was released on 25 October 2019. 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.

Assets and Liabilities of Australian Securitisers (cat. no. 5232.0.55.001)

The December quarter 2019 issue of Assets and Liabilities of Australian Securitisers will be released on 5 March 2020. Securitisers issue short and/or long term securities against specifically matched assets and use the cash flows from the pool of assets to service the interest payments on the issued securities. This publication provides information on the assets and liabilities of these financial institutions.

Australian National Accounts: Finance and Wealth (cat. no. 5232.0)

The December quarter 2019 issue of Australian National Accounts: Finance and Wealth will be released on 26 March 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.

Australian National Accounts: Input-Output Tables (cat. no. 5209.0.55.001)

The 2017-18 issue of Australian National Accounts: Input-Output Tables will be released on 29 May 2020. This product provides detailed information about the supply and use of products in the Australian economy and the structure of, and inter-relationships between, Australian industries. It presents information on input by industry and output by product group, use of domestic production, imports by industry and final demand categories, taxes and margins on supply by product, and industry and product concordances.