YoY Change in Australia's Quarterly GDP
Australia| Date | Value | ||
|---|---|---|---|
| Forecast | Actual | Deviation | |
| Date | Related Instruments Price Volatility | |||||
|---|---|---|---|---|---|---|
| 1 min later | 5 min later | 10 min later | 15 min later | 30 min later | ||
The year-on-year change in quarterly Gross Domestic Product (GDP) indicates how much Australia's economic activity has increased or decreased in a specific quarter compared to the same quarter in the previous year. This data is released quarterly by the Australian Bureau of Statistics (ABS) and is essential for assessing long-term economic growth trends.
Year-on-year data helps to understand how much the economy is growing or stagnating. If GDP is increasing, it indicates that the economy is expanding, potentially leading to higher corporate profits and employment. Conversely, if GDP is decreasing, it suggests that the economy is stagnating or contracting, which could lead to lower corporate profits and reduced employment.
This data is a crucial reference for policymakers to evaluate the health of the economy and formulate appropriate monetary and fiscal policies. For example, if GDP shows high growth, the central bank might consider raising interest rates to curb inflation risks. Conversely, if GDP is decreasing, there might be a need to strengthen economic stimulus measures. For businesses and investors, this data provides important insights into the economic outlook, helping to inform strategic decisions.
| Date | Value | Related Instruments Price Volatility | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Forecast | Actual | Deviation | 1 min later | 5 min later | 10 min later | 15 min later | 30 min later | 60 min later | ||
