Australia: economy

What is Australia's GDP growth rate?

Australia's real GDP grew 0.4% in the June quarter 2026 and 2.1% over the year to June 2026, according to the Australian Bureau of Statistics (ABS), released on 2 September 2026. In nominal terms GDP rose 0.8% in the quarter. For the 2025-26 financial year, real GDP grew 2.4%, according to the Treasury's Final Budget Outcome 2025-26.

The quarterly figures are seasonally adjusted chain volume measures, which remove price changes. The annual 2.4% compares the whole of 2025-26 with 2024-25, so it differs from the through-the-year 2.1%. The September quarter national accounts are due on 2 December 2026.

Official sources: ABS: Australian National Accounts, June 2026 · Final Budget Outcome 2025-26 (PDF)

Does Australia have a trade surplus or deficit?

Australia's seasonally adjusted balance on goods was a surplus of $495 million in August 2026, down $856 million from July, according to the ABS, released on 1 October 2026. Exports of goods rose 3.7% to $47,433 million, led by non-monetary gold and coal, while imports rose 5.8% to $46,938 million, led by computer equipment and gold.

This is a goods-only measure on a balance of payments basis. Services trade, such as education and tourism, is published quarterly in the balance of payments. The surplus has narrowed through 2026: it was $1,962 million in June. The September figures are due on 5 November 2026.

Official sources: ABS: International Trade in Goods, August 2026

Is Australia's GDP per capita growing?

Real GDP per capita in Australia was unchanged in the June quarter 2026, after a 0.1% fall in the March quarter, and rose 0.7% over the year to June 2026, according to the ABS national accounts. Total real GDP grew 2.1% over the same year.

GDP per capita grows more slowly than GDP when the population is growing quickly; Australia's population grew 1.4% in the year to March 2026. GDP per hour worked, a measure of productivity, fell 0.2% over the year. Per capita figures use the ABS's latest population estimates and are revised with them.

Official sources: ABS: Australian National Accounts, June 2026

What is the household saving ratio in Australia?

Australia's household saving to income ratio was 6.5% in the June quarter 2026, up from 6.4% in the March quarter, according to the ABS. It was 7.2% in the December quarter 2025 and 5.9% in the June quarter 2025.

The ratio is the share of household disposable income that is not spent on consumption. It is an average across all households and is revised as new income and spending data arrive. A higher ratio can reflect higher incomes, lower spending, or both. The ABS publishes the figure in current prices, seasonally adjusted.

Official sources: ABS: Australian National Accounts, June 2026

What are Australia's terms of trade?

Australia's terms of trade fell 1.6% in the June quarter 2026 and were 0.6% lower than a year earlier, according to the ABS national accounts. They had risen 1.0% in the March quarter.

The terms of trade compare the prices Australia receives for its exports with the prices it pays for imports. A fall means export prices weakened relative to import prices. Because Australia exports large amounts of iron ore, coal and gas, commodity prices drive most of the movement, and changes feed into national income: real gross domestic income was flat in the June quarter while real GDP rose 0.4%.

Official sources: ABS: Australian National Accounts, June 2026

Is Australia's economy growing?

The latest figure from the World Bank, for 2025, is 1.4%. Since 2005 it has ranged from -0.1% (2020) to 4.3% (2022). It is 23rd highest of 29 in East Asia & Pacific, where the median is 3.6%. Worldwide: 144th of 180.

How rich is Australia per person?

According to the World Bank, GDP per person in Australia was $65,130 in 2025. The peak was $68,477 in 2013 and the low $34,535 in 2005. Across East Asia & Pacific the middle value was $6,547, and Australia placed 2nd highest of 29. World rank, highest first: 11th of 180.

How does Australia's income per person compare after prices?

The latest figure from the World Bank, for 2025, is $71,934 in international dollars. Since 2005 it has ranged from $33,090 in international dollars (2005) to $72,273 in international dollars (2023). East Asia & Pacific median: $14,200 in international dollars; Australia is 3rd highest of 29. Of 179 countries with 2025 data, 20th highest.

What share of Australia's economy is exports?

The latest figure from the World Bank, for 2025, is 23.2% of GDP. The peak was 26.7% of GDP in 2023 and the low 18.2% of GDP in 2005. It is 13th highest of 16 in East Asia & Pacific, where the median is 53.8% of GDP. Of 133 countries with 2025 data, 95th highest.

Does Australia earn more abroad than it spends?

According to the IMF, the current account balance in Australia was -2.8% of GDP in 2025, a deficit. Its high point since 2005 was 2021, at 2.4% of GDP; its low point was 2007, at -7.6% of GDP. It is 12th highest of 19 in East Asia & Pacific, where the median is 1.6% of GDP. Of 132 countries with 2025 data, 82nd highest.

What is FDI in Australia?

In 2025, net inflows of foreign direct investment in Australia was 2.1% of GDP, according to the IMF. Its high point since 2005 was 2007, at 5.2% of GDP; its low point was 2005, at -3.6% of GDP. It is 14th highest of 28 in East Asia & Pacific, where the median is 1.9% of GDP. Of 179 countries with 2025 data, 87th highest.

What are bank lending rates in Australia?

According to the IMF, the average bank lending rate in Australia was 5.1% in 2019. That is the lowest since at least 2005. East Asia & Pacific median: 7.9%; Australia is 16th highest of 20. World rank, highest first: 98th of 114.