Economy

Money Australia. | Newsreel

Per capita GDP returns to the black

Australia’s per capita Gross Domestic Product (GDP) grew for the first time in almost two years last quarter. Australian Bureau of Statistics (ABS) data shows overall
Read more6 March 2025
Container ship at sea. | Newsreel

$52.4b current account deficit largest since 2016

Australia’s current account deficit was $52.4 billion last year, the largest in almost 10 years. The latest Australian Bureau of Statistics (ABS) data, released today,
Read more4 March 2025
University students. | Newsreel

Overseas student numbers back to pre-COVID levels

The number of overseas students enrolled in Australian schools has returned to pre-COVID levels. The latest Australian Bureau of Statistics (ABS) data, released today,
Read more3 March 2025
Rural Australia. | Newsreel

Nature’s economic benefit measured for the first time

Australia’s ecosystems contribute at least $85 billon in value to the national economy, according to a first-of-its-kind report. The Australia Bureau of Statistics
Read more27 February 2025
Flooded town. | Newsreel

Insurers call for $30 billion fund for flood defence

Australia’s insurance industry has proposed a $30 billion fund to protect some of the country’s most flood-prone areas. In its policy recommendations in the lead up
Read more27 February 2025
Australian cash. | Newsreel

Most Australians want cash mandate for businesses

Nearly every Australian supports a government mandate for businesses to continue to accept cash. A survey by consumer group Choice found 97 percent of Aussies thought it
Read more27 February 2025
Piggy bank Australia. | Newsreel

Should you worry super is invested in private markets?

By Mark Melatos If you are a member of a super fund, some of your long-term savings are probably invested in private markets. Public markets are familiar to most of us
Read more26 February 2025
Woman filling up car with petrol. | Newsreel

Petrol prices drop to a three-year low

Petrol prices across Australia have hit a three-year low, while Brisbane motorists had to tolerate the biggest gap between retail and wholesale prices in the
Read more26 February 2025
Light bulbs. | Newsreel

Queensland rebates’ power over inflation numbers fade

The tailing off of Queensland State Government electricity rebates lifted inflation in a key sector last month, according to Australian Bureau of Statistics (ABS). ABS
Read more26 February 2025
Wheat harvest Australia. | Newsreel

Drier weather drops winter crops by 27 percent

Drier conditions has led to a more than 25 percent dip in Australia’s winter crop production figures. The latest Australian Bureau of Statistics (ABS) data shows the
Read more26 February 2025