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Growth rate same period previous year
AUSSPASTT01GYM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
9.75
Year-over-Year Change
17.00%
Date Range
1/1/1959 - 6/1/2025
Summary
The 'Growth rate same period previous year' metric measures the annual percent change in Australia's seasonally-adjusted GDP. This key economic indicator provides insight into the overall growth trajectory 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 growth rate metric compares the current quarter's GDP to the same quarter in the previous year, allowing analysts to identify annual trends and deviations from normal growth patterns. It is a widely-used barometer of Australia's macroeconomic performance.
Methodology
The data is calculated by the Australian Bureau of Statistics based on their quarterly GDP estimates.
Historical Context
Policymakers and investors closely monitor this growth rate to assess the health of the Australian economy and inform decisions.
Key Facts
- Australia's GDP grew 3.1% in Q4 2022 compared to Q4 2021.
- The growth rate reached a low of -2.3% during the COVID-19 pandemic in 2020.
- Rapid GDP growth helps drive job creation and rising living standards.
FAQs
Q: What does this economic trend measure?
A: The 'Growth rate same period previous year' metric measures the annual percent change in Australia's seasonally-adjusted GDP, providing insight into the overall growth trajectory of the economy.
Q: Why is this trend relevant for users or analysts?
A: This key economic indicator is closely watched by policymakers, investors, and analysts to assess the health and performance of the Australian economy.
Q: How is this data collected or calculated?
A: The data is calculated by the Australian Bureau of Statistics based on their quarterly GDP estimates.
Q: How is this trend used in economic policy?
A: Policymakers use this growth rate metric to inform decisions and monitor the overall health of the Australian economy.
Q: Are there update delays or limitations?
A: The data is released quarterly, in line with the Australian Bureau of Statistics' GDP reporting schedule.
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Citation
U.S. Federal Reserve, Growth rate same period previous year (AUSSPASTT01GYM), retrieved from FRED.