Australia’s economy grows at 1.4% in FY24 in chain-volume terms: ABS

Australia’s economy grew at 1.4 per cent in FY24 in chain-volume terms, according to the Australian Bureau of Statistics.
The growth was 3.4 per cent in FY23.
The market sector gross value added rose by 1 per cent in the fiscal compared to 3.9 per cent in the preceding one.
Labour productivity was flat in FY24, while household saving ratio decreased to 2.5 per cent from 3.8 per cent in FY23.