Condition
GDP per capita vs total GDP
Is the economy growing for each Australian, or only because there are more Australians?
GDP per capita vs total GDP: −0.3% since Jun qtr 2022.
- Latest
- −0.3%
- Since the government took office
- little changed−0.3%
- Over the past year
- little changed+0.7%
GDP per capita vs total GDP
- Seasonally adjusted
- Real (after inflation)
- June quarter 2022 = 100
- GDP per capita
- Total GDP
What this is
Gross domestic product (the total value of everything the economy produces), adjusted for inflation and divided by the population. This figure is the change over the past year.
Why it matters
Total GDP can grow just because the population grows. GDP per person shows whether the economy is growing for each Australian. When it falls for two quarters in a row, it is often called a 'per capita recession'.
More from the figures
- Since the June quarter 2022 the economy as a whole has grown +7.4%, but output per person has changed by −0.3%.
- The gap is population growth of about 7.7% over the same period: the economy is bigger mainly because there are more people in it.
- Over the latest year, total GDP grew +2.1% and GDP per person +0.7%.
- GDP per person fell in 10 of the 16 quarters since the government took office.
- Real GDP per person was $24,971 in the June quarter 2026, compared with $25,034 in the June quarter 2022 (chain volume dollars, per quarter).
- The ABS confirmed GDP per person fell for seven consecutive quarters before growing 0.1% in the December quarter 2024.
How it’s calculated
Real (chain volume) GDP and real GDP per capita, seasonally adjusted, from the ABS national accounts key aggregates, each rebased so the June quarter 2022 equals 100. Year-ended growth calculated from these levels is cross-checked against the rates the RBA publishes in Table H1.