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Australian National Accounts: National Income, Expenditure and Product, December 2023
Key statistics: • The Australian economy rose 0.2% in seasonally adjusted chain volume measures • In nominal terms, GDP rose 1.4% • The terms of trade rose 2.2% • Household saving to income ratio increased to 3.2% from 1.9% Economic overview: Unless otherwise stated all figures are in seasonally adjusted, chain volume measures. The reference year for chain volume measures is 2021-22. table Australian economy grew 0.2% in the September quarter 2023 Gross domestic product (GDP) rose 0.2%, driven by government expenditure and private business investment. Domestic demand continued to slow in the December ... (full story)