Statement from the Australian Bureau of Statistics:

Australian gross domestic product (GDP) rose 0.6 per cent in the June quarter 2025 (seasonally
adjusted, chain volume measure) and 1.8 per cent compared to a year ago. This release
includes the first estimates of the 2024-25 financial year, with GDP rising by 1.3 per cent for the
2024-25 financial year, according to figures released today by the Australian Bureau of Statistics
(ABS).
Tom Lay, ABS head of national accounts, said: ‘Economic growth rebounded in the June quarter
following subdued growth in the March quarter, which was heavily impacted by weather
events.’
Domestic final demand was the main driver of growth led by household and government
spending. Public investment was the largest detractor from growth.
Net trade also contributed to GDP growth, led by exports of mining commodities.
GDP per capita increased 0.2 per cent this quarter, following a decrease in the March quarter.