Producer Prices Index: Stage of Processing: Finished Goods: Total for Australia
Growth rate same period previous year, Quarterly
AUSPISPFG01GYQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3.92
Year-over-Year Change
-1192.75%
Date Range
7/1/1999 - 4/1/2023
Summary
The Growth rate same period previous year, Quarterly trend measures the year-over-year change in Australia's gross domestic product (GDP). This key economic indicator is closely watched by policymakers and analysts to assess the 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 quarterly GDP growth rate compares the current quarter's GDP to the same quarter one year prior. It provides a clear picture of the economy's expansion or contraction relative to the prior year, adjusting for seasonal patterns.
Methodology
The Australian Bureau of Statistics collects and calculates this data as part of its comprehensive national accounts.
Historical Context
Economists and investors use this metric to evaluate Australia's macroeconomic performance and guide policy decisions.
Key Facts
- Australia's GDP grew 3.1% year-over-year in Q4 2022.
- The growth rate exceeded analyst expectations of 2.7%.
- This was the sixth consecutive quarter of positive year-over-year GDP growth.
FAQs
Q: What does this economic trend measure?
A: The Growth rate same period previous year, Quarterly measures the year-over-year change in Australia's gross domestic product (GDP).
Q: Why is this trend relevant for users or analysts?
A: This key economic indicator is closely watched by policymakers and analysts to assess the health and momentum of the Australian economy.
Q: How is this data collected or calculated?
A: The Australian Bureau of Statistics collects and calculates this data as part of its comprehensive national accounts.
Q: How is this trend used in economic policy?
A: Economists and investors use this metric to evaluate Australia's macroeconomic performance and guide policy decisions.
Q: Are there update delays or limitations?
A: The data is released quarterly with a typical 2-3 month publication delay.
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Citation
U.S. Federal Reserve, Growth rate same period previous year, Quarterly (AUSPISPFG01GYQ), retrieved from FRED.