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Australia real GDPAustralia real GDPAustralia real GDP

Australia real GDP

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AUGDPCP chart


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Key data points


Last release
—
Observation period
Q3 2024
Next release
—
Forecast
—
Highest
‪654.91 B‬ AUD on Sep 30, 2024
Lowest
‪74.02 B‬ AUD on Sep 30, 1959

About Australia real GDP


Category
GDP
Source
Bureau of Statistics
Frequency
Quarterly
Units
AUD

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Full Year GDP Growth
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GDP From Mining
AUGDPPA
GDP From Public Administration
AUGDPPC
GDP Per Capita
AUGDPPCP
GDP Per Capita PPP
AUGDPQQ
GDP Growth Rate
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AUGNP
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Frequently Asked Questions


Real GDP is calculated using a GDP price deflator, which is the difference in prices between the current year and the base year. Then nominal GDP (GDP adjusted for inflation) is divided by this deflator, yielding real GDP. Nominal GDP is usually higher than real GDP because inflation is typically a positive number.
Since GDP measures an economy's output, it is subject to inflationary pressure. So real GDP is a measure of an economy's output adjusted for inflation.
Last quarter Australia real GDP was 654.91 B AUD, and the quarter before that it reached 652.73 B AUD.