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The Guardian - AU

National

Peter Hannam Economics correspondent

Australia is about to get an economic health check. What do GDP figures mean and why are they important?

GDP Australia United States ABS RBA Economy Michele Bullock NAB Westpac

Hands holding wallet with australian dollars make a payment — The economy has been in a funk for some time. March quarter GDP grew just 0.1% compared with the final three months of 2023. Photograph: Daria Nipot/Getty Images/iStockphoto

Australia’s economy gets an updated report card on Wednesday, with the release of June quarter gross domestic product figures.

Here’s why it’s important and how to read what the numbers mean.

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