Economic and industry statisticsEconomy and markets
ABS annual accounts put Australian economic growth at 2.3% in 2025–26
The annual release raised GDP per capita by 0.8% and incorporated supply-use benchmarks and historical revisions across national accounts measures.
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The Australian Bureau of Statistics reported that the economy grew 2.3% in chain-volume terms in the 2025–26 financial year, in its Australian System of National Accounts released on 23 October. GDP per capita rose 0.8%, the household saving ratio increased to 6.1% from 5.5% in 2024–25, and national net worth rose A$1.3 trillion to A$22.8 trillion. The annual release covers production, expenditure, income, investment, productivity and balance-sheet measures, offering a broader view than the quarterly GDP figure alone.
The ABS table shows market-sector gross value added increased 2.5%, while non-market gross value added rose 2.0%. GDP per hour worked increased 0.5%; market-sector gross value added per hour rose 0.9%, while the non-market measure fell 0.2%. The GDP chain price index rose 2.9%. The household saving ratio and national net worth are level measures, whereas most figures in the annual table are percentage changes from the previous financial year. Those distinctions matter when comparing the headline growth rate with household and productivity indicators.
This release incorporates the 2024–25 annual supply-use tables, which the ABS uses to balance production, expenditure and income measures of GDP. Those tables also provide annual benchmarks for quarterly estimates. The ABS says 2025–26 still has a statistical discrepancy because supply-use tables for that latest year have not yet been constructed. It also notes that the 2.3% GDP growth result is 0.1 percentage point below the annualised result published with the June-quarter 2026 accounts, following revised benchmarks and new or updated source data.
The ABS separately describes targeted historical revisions, including improved measurement of health-care and social-assistance output and international trade in non-life insurance and passenger transport services. It says household final consumption expenditure had the largest changes among key indicators. Because these revisions affect multiple years and series, the release is not just a new annual estimate: it also revises the historical statistical record. Quarterly national accounts due in December will incorporate the updated estimates, while the annual State Accounts are scheduled for November. The annual figures are therefore authoritative for this release but remain subject to future statistical revisions.
The ABS says the annual supply-use tables now balance GDP estimates through 2024–25; 2025–26 remains an open year until those tables are compiled. That distinction matters for readers comparing the latest annual account with later benchmarked estimates: the current release is the official estimate for the period, but the agency’s regular revision process can change it as additional source data and balancing benchmarks become available.
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