Producer Prices Index: Economic Activities: Manufacture of Food Products: Total for Australia
Growth rate same period previous year, Quarterly
AUSPIEAFD01GYQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4.56
Year-over-Year Change
-21.48%
Date Range
1/1/1984 - 1/1/2023
Summary
The Growth rate same period previous year, Quarterly trend measures the year-over-year change in economic growth in Australia. This metric is closely watched by economists and policymakers to assess the overall health and momentum of the Australian economy.
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 economic indicator tracks the annualized growth rate of quarterly real GDP in Australia, comparing the current quarter to the same quarter one year prior. It provides insight into the pace and direction of the country's economic expansion or contraction over time.
Methodology
The data is calculated by the Australian Bureau of Statistics based on official GDP figures.
Historical Context
The growth rate is a key input for macroeconomic analysis and policy decisions made by the Reserve Bank of Australia and other institutions.
Key Facts
- The series has data from 1960 to the present.
- Australia's GDP growth rate was 3.4% in Q4 2022.
- The record high was 7.6% in Q4 1988.
FAQs
Q: What does this economic trend measure?
A: This trend measures the year-over-year change in real GDP growth in Australia on a quarterly basis.
Q: Why is this trend relevant for users or analysts?
A: The GDP growth rate is a crucial indicator of the overall health and momentum of the Australian economy, providing valuable insights for policymakers, investors, and economists.
Q: How is this data collected or calculated?
A: The data is calculated by the Australian Bureau of Statistics based on official GDP figures.
Q: How is this trend used in economic policy?
A: The GDP growth rate is a key input for macroeconomic analysis and policy decisions made by the Reserve Bank of Australia and other institutions.
Q: Are there update delays or limitations?
A: The data is published quarterly with a lag of approximately one month after the end of the reference period.
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Citation
U.S. Federal Reserve, Growth rate same period previous year, Quarterly (AUSPIEAFD01GYQ), retrieved from FRED.