The Australian economy expanded 0.3% quarter-on-quarter in Q1 2026, below expectations of a 0.5% increase and slowing from a 0.9% expansion in Q4. This marked the weakest economic growth in a year, as subdued household and government spending, adverse weather disruptions to mining activity, and weaker external demand weighed on the economy. Net trade subtracted 0.8 percentage points from growth, with exports falling 1.1% amid lower coal and iron ore shipments and imports rising 2.1%. Meanwhile, domestic demand contributed 1.0 percentage point to GDP growth, driven by private investment (0.7 pp) and, to a lesser extent, household consumption (0.3 pp). Machinery and equipment investment surged 16.3%, prompted by spending on data centers, while public investment rose 0.9% on higher defense and infrastructure outlays. Government consumption fell 0.2% following the expiry of energy bill relief measures. The annual GDP growth stood at 2.5%, below forecasts of 2.7%. source: Australian Bureau of Statistics

The Gross Domestic Product (GDP) in Australia expanded 0.30 percent in the first quarter of 2026 over the previous quarter. GDP Growth Rate in Australia averaged 0.82 percent from 1959 until 2026, reaching an all time high of 4.40 percent in the first quarter of 1976 and a record low of -6.70 percent in the second quarter of 2020. This page provides - Australia GDP Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Australia GDP Growth Rate - data, historical chart, forecasts and calendar of releases - was last updated on June of 2026.

The Gross Domestic Product (GDP) in Australia expanded 0.30 percent in the first quarter of 2026 over the previous quarter. GDP Growth Rate in Australia is expected to be 0.20 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Australia GDP Growth Rate is projected to trend around 0.40 percent in 2027 and 0.50 percent in 2028, according to our econometric models.



Calendar GMT Reference Actual Previous Consensus TEForecast
2026-03-04 12:30 AM
GDP Growth Rate QoQ
Q4 0.8% 0.5% 0.6% 0.8%
2026-06-03 01:30 AM
GDP Growth Rate QoQ
Q1 0.3% 0.9% 0.5% 0.5%
2026-09-03 01:30 AM
GDP Growth Rate QoQ
Q2 0.3% 0.2%


Related Last Previous Unit Reference
GDP Growth Rate YoY 2.50 2.50 percent Mar 2026
GDP Constant Prices 695945.00 694041.00 AUD Million Mar 2026
GDP from Agriculture 14602.00 14593.00 AUD Million Mar 2026
GDP from Construction 48529.00 48109.00 AUD Million Mar 2026
GDP from Manufacturing 35961.00 35525.00 AUD Million Mar 2026
GDP from Mining 69945.00 70930.00 AUD Million Mar 2026
GDP from Public Administration 36132.00 36060.00 AUD Million Mar 2026
GDP from Utilities 15245.00 15386.00 AUD Million Mar 2026
GDP Growth Rate 0.30 0.90 percent Mar 2026
GDP Capital Expenditure 175229.00 170107.00 AUD Million Mar 2026
Gross National Income 667484.00 664125.00 AUD Million Mar 2026


Australia GDP Growth Rate
Australia's economy is dominated by the service sector (65 percent of total GDP). Yet its economic success in recent years has been based on the mining (13.5 percent of GDP) and agriculture (2 percent of GDP) as the country is a major exporter of commodities. Other sectors include: manufacturing (11 percent) and construction (9.5 percent).
Actual Previous Highest Lowest Dates Unit Frequency
0.30 0.90 4.40 -6.70 1959 - 2026 percent Quarterly

News Stream
Australia Q1 GDP Growth Softer Than Expected
The Australian economy expanded 0.3% quarter-on-quarter in Q1 2026, below expectations of a 0.5% increase and slowing from a 0.9% expansion in Q4. This marked the weakest economic growth in a year, as subdued household and government spending, adverse weather disruptions to mining activity, and weaker external demand weighed on the economy. Net trade subtracted 0.8 percentage points from growth, with exports falling 1.1% amid lower coal and iron ore shipments and imports rising 2.1%. Meanwhile, domestic demand contributed 1.0 percentage point to GDP growth, driven by private investment (0.7 pp) and, to a lesser extent, household consumption (0.3 pp). Machinery and equipment investment surged 16.3%, prompted by spending on data centers, while public investment rose 0.9% on higher defense and infrastructure outlays. Government consumption fell 0.2% following the expiry of energy bill relief measures. The annual GDP growth stood at 2.5%, below forecasts of 2.7%.
2026-06-03
Australia Q4 GDP Growth Beats Estimates
The Australian economy expanded 0.8% qoq in Q4 2025, accelerating from an upwardly revised 0.5% growth in Q3 and topping market estimates of 0.6%. It was the 17th straight quarter of growth, driven by firm domestic demand across private and public sectors. Private demand supported growth through household consumption (0.3% vs 0.5% in Q3, linked to discretionary spending amid Black Friday events) and private investment (0.7% vs 3.2%, with elevated spending on data centres and aircraft). Public demand contributed through government spending (0.9% vs 1.1%) and investment (0.9% vs 3.0%, owing to transport infrastructure projects and higher defence outlays). Inventories added 0.4ppts as firms rebuilt stocks through production and imports. Net trade weighed on growth, with exports (1.4%) rising less than imports (1.8%). The household savings ratio hit its highest since Q3 2022 (6.9% vs 6.1%). Annually, GDP grew 2.6%, above forecasts of 2.2% and the fastest increase in near three years.
2026-03-04
Australia Q3 GDP Growth Below Expectations
The Australian economy expanded 0.4% qoq in Q3 2025, following an upwardly revised Q2 reading and market estimates of 0.7% while marking the 16th consecutive quarter of growth. Household consumption slowed sharply (0.5% vs 0.9% in Q2), as discretionary spending cooled after a strong Easter-related boost in the prior quarter. Meantime, government spending growth was little changed (0.8% vs 0.9%). Net trade was a drag, with exports (1.0% vs 2.3%) rising less than imports (1.5% vs 2.3%); while inventories subtracted 0.5ppts. In contrast, private investment surged (2.9% vs 0.2%), contributing 0.5ppts and marking its fastest pace since Q1 2021, driven by stronger machinery and equipment spending. Public investment also rebounded (3.0% -3.5%) on the back of renewable energy and water, telecommunications and rail transport projects. The household savings ratio increased (6.4% vs 6.0%). Annually, GDP grew 2.1%, slightly below forecasts of 2.2% and following a 2.0% rise in Q2.
2025-12-03