Australia’s seasonally-adjusted gross domestic product (GDP) rose by 0.3 per cent quarter on quarter (QoQ) and by 0.8 per cent YoY in the third quarter (Q3) this year, driven by public sector expenditure, with government consumption and public investment both contributing to growth, official figures show.
GDP per capita fell by 0.3 per cent in Q3 2024, falling for the seventh straight quarter.