Composite Leading Indicators: Reference Series (GDP) Ratio to Trend for Australia
AUSLORSGPRTSTSAM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
99.86
Year-over-Year Change
-0.67%
Date Range
2/1/1960 - 11/1/2023
Summary
The Composite Leading Indicators: Reference Series (GDP) Ratio to Trend for Australia measures the ratio of Australia's GDP to its long-term trend, providing an indicator of the country's economic momentum.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
This leading indicator assesses Australia's economic performance relative to its historical growth trajectory, offering insights into the overall health and direction of the Australian economy.
Methodology
The data is calculated by the OECD using statistical models that analyze various economic variables.
Historical Context
This trend is widely used by policymakers, analysts, and investors to anticipate changes in Australia's economic conditions.
Key Facts
- The ratio can signal an impending economic slowdown or expansion.
- Australia's leading indicator ratio reached a high of 1.02 in 2018.
- The indicator is published monthly by the OECD.
FAQs
Q: What does this economic trend measure?
A: This trend measures the ratio of Australia's GDP to its long-term trend, providing a leading indicator of the country's economic performance.
Q: Why is this trend relevant for users or analysts?
A: This leading indicator offers insights into the overall health and direction of the Australian economy, helping policymakers, analysts, and investors anticipate changes in economic conditions.
Q: How is this data collected or calculated?
A: The data is calculated by the OECD using statistical models that analyze various economic variables.
Q: How is this trend used in economic policy?
A: This trend is widely used by policymakers, analysts, and investors to anticipate changes in Australia's economic conditions and inform policy decisions.
Q: Are there update delays or limitations?
A: The indicator is published monthly by the OECD, with no significant update delays or limitations.
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Citation
U.S. Federal Reserve, Composite Leading Indicators: Reference Series (GDP) Ratio to Trend for Australia (AUSLORSGPRTSTSAM), retrieved from FRED.