{"id":"2026-oct-australia-abs-national-accounts-growth","canonicalSlug":"2026-oct-australia-abs-national-accounts-growth","url":"https://wellficent.com/en/news/2026-oct-australia-abs-national-accounts-growth","language":"en","title":"Australia’s economy grew 2.3% in 2025–26, annual accounts show","summary":"ABS annual national accounts report 2.3% chain-volume GDP growth, 0.8% growth in GDP per capita and a household saving ratio of 6.1% for 2025–26.","body":["The Australian Bureau of Statistics’ Australian System of National Accounts for the 2025–26 financial year reports that the economy grew 2.3% in chain-volume terms. The annual release was published on 23 October 2026. It brings together estimates of gross domestic product, consumption, investment, income, capital stock, productivity and balance sheets; it is a yearly national-accounts assessment, not a monthly activity indicator.","GDP per capita increased 0.8% in 2025–26, following no change in 2024–25. Market-sector gross value added rose 2.5%, while non-market-sector gross value added increased 2.0%. Real net national disposable income grew 2.2%. These measures describe different parts of economic activity and income. Their movements should not be collapsed into one claim about household experience or the performance of every industry.","The accounts also show a household saving ratio of 6.1%, compared with 5.5% in 2024–25. National net saving was A$102.0 billion, up from A$99.0 billion. National net worth rose by A$1.3 trillion to A$22.8 trillion. The table notes that saving and wealth figures are levels or ratios, unlike the year-on-year percentage changes shown for several other measures. Net worth is a balance-sheet stock at a point in time; it is not annual output or cash income.","Productivity measures were mixed. GDP per hour worked rose 0.5% after a 0.5% decline in 2024–25. Market-sector gross value added per hour worked increased 0.9%, while the non-market measure fell 0.2%. Real unit labour costs increased 0.7%. These are aggregate measures whose interpretation depends on the coverage and definitions used in the national accounts. They do not by themselves explain changes in wages, prices, or productivity in a particular company.","Price measures in the release show the GDP chain price index rising 2.9% and the terms of trade declining 0.2% in 2025–26. GDP at current prices increased 5.4%. Current-price growth combines changes in quantities and prices, whereas chain-volume GDP is designed to measure changes in real output. The distinction matters when comparing nominal totals with real growth.","The ABS says this edition incorporates historical revisions and improvements to measurement in health care and social assistance and in international trade in non-life insurance. Those methodological changes can affect comparisons with earlier editions. The agency lists downloadable time-series tables covering expenditure, industry value added, income, capital accounts, productivity, households, governments and external accounts. Readers should use the revised series and its notes for detailed comparisons, rather than assume every historical value is unchanged from the previous release.","The headline growth figure is therefore best read alongside the per-capita measure, saving indicators and sector detail. The annual release does not provide a real-time reading for the current quarter, and its revised historical tables are the appropriate basis for a consistent comparison across years. The series is published with downloadable tables for checking the underlying components."],"keyPoints":[],"sections":[],"text":"Australia’s economy grew 2.3% in 2025–26, annual accounts show\n\nABS annual national accounts report 2.3% chain-volume GDP growth, 0.8% growth in GDP per capita and a household saving ratio of 6.1% for 2025–26.\n\nThe Australian Bureau of Statistics’ Australian System of National Accounts for the 2025–26 financial year reports that the economy grew 2.3% in chain-volume terms. The annual release was published on 23 October 2026. It brings together estimates of gross domestic product, consumption, investment, income, capital stock, productivity and balance sheets; it is a yearly national-accounts assessment, not a monthly activity indicator.\n\nGDP per capita increased 0.8% in 2025–26, following no change in 2024–25. Market-sector gross value added rose 2.5%, while non-market-sector gross value added increased 2.0%. Real net national disposable income grew 2.2%. These measures describe different parts of economic activity and income. Their movements should not be collapsed into one claim about household experience or the performance of every industry.\n\nThe accounts also show a household saving ratio of 6.1%, compared with 5.5% in 2024–25. National net saving was A$102.0 billion, up from A$99.0 billion. National net worth rose by A$1.3 trillion to A$22.8 trillion. The table notes that saving and wealth figures are levels or ratios, unlike the year-on-year percentage changes shown for several other measures. Net worth is a balance-sheet stock at a point in time; it is not annual output or cash income.\n\nProductivity measures were mixed. GDP per hour worked rose 0.5% after a 0.5% decline in 2024–25. Market-sector gross value added per hour worked increased 0.9%, while the non-market measure fell 0.2%. Real unit labour costs increased 0.7%. These are aggregate measures whose interpretation depends on the coverage and definitions used in the national accounts. They do not by themselves explain changes in wages, prices, or productivity in a particular company.\n\nPrice measures in the release show the GDP chain price index rising 2.9% and the terms of trade declining 0.2% in 2025–26. GDP at current prices increased 5.4%. Current-price growth combines changes in quantities and prices, whereas chain-volume GDP is designed to measure changes in real output. The distinction matters when comparing nominal totals with real growth.\n\nThe ABS says this edition incorporates historical revisions and improvements to measurement in health care and social assistance and in international trade in non-life insurance. Those methodological changes can affect comparisons with earlier editions. The agency lists downloadable time-series tables covering expenditure, industry value added, income, capital accounts, productivity, households, governments and external accounts. Readers should use the revised series and its notes for detailed comparisons, rather than assume every historical value is unchanged from the previous release.\n\nThe headline growth figure is therefore best read alongside the per-capita measure, saving indicators and sector detail. The annual release does not provide a real-time reading for the current quarter, and its revised historical tables are the appropriate basis for a consistent comparison across years. The series is published with downloadable tables for checking the underlying components.","category":"economy","region":"world","topics":["statistics","non-oil-economy"],"eventDate":"2026-10-23","eventDateBasis":"source-publication-date","publishedAt":"2026-10-25T21:01:30Z","modifiedAt":"2026-10-25T21:01:30Z","publicationBasis":"first-publication","preparedAt":"2026-10-25T20:49:36Z","sourcePublishedAt":"2026-10-23","translatedAt":"2026-10-25T20:57:10Z","sources":[{"url":"https://www.abs.gov.au/statistics/economy/national-accounts/australian-system-national-accounts/2025-26","name":"Australian Bureau of Statistics","checkedAt":"2026-10-25","publishedAt":"2026-10-23"}],"translations":{"en":"https://wellficent.com/en/news/2026-oct-australia-abs-national-accounts-growth","tr":"https://wellficent.com/tr/news/2026-oct-australia-abs-national-accounts-growth","ar":"https://wellficent.com/ar/news/2026-oct-australia-abs-national-accounts-growth","fr":"https://wellficent.com/fr/news/2026-oct-australia-abs-national-accounts-growth","es":"https://wellficent.com/es/news/2026-oct-australia-abs-national-accounts-growth","ru":"https://wellficent.com/ru/news/2026-oct-australia-abs-national-accounts-growth","pt":"https://wellficent.com/pt/news/2026-oct-australia-abs-national-accounts-growth"},"corrections":[],"locations":[],"type":"news","classification":{"version":"1","dataKinds":["statistical-release"],"geographies":[{"role":"economic-scope","countryCode":"AU","subdivisionCode":null}],"evidenceBasis":["statistical-estimate"],"measurementPeriod":{"to":"2026-06","from":"2025-07","precision":"month"}}}