Australian Economy Grows 0.6% in December Quarter
Australian gross domestic product (GDP) rose 0.6 per cent in the December quarter 2024 and 1.3 per cent through the year (seasonally adjusted, chain volume measure), according to figures released today by the Australian Bureau of Statistics (ABS).
Katherine Keenan, ABS head of national accounts, said: ‘Modest growth was seen broadly across the economy this quarter. Both public and private spending contributed to the growth, supported by a rise in exports of goods and services.’
GDP per capita grew 0.1 per cent this quarter following seven consecutive quarters of falls.
https://www.abs.gov.au/statistics/economy/national-accounts/australian-national-accounts-national-income-expenditure-and-product/dec-2024