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Australia's GDP expands more than expected; fastest pace since September 2023www.abs.gov.au/statistics/economy/national-accounts/australian-national-accounts-national-income-expenditure-and-product/latest-release
176 sats \ 7 comments \ @Coinsreporter 3 Sep econ
Key statistics
  • The Australian economy rose 0.6% in seasonally adjusted chain volume measures.
  • GDP rose 1.3% in 2024-25.
  • The terms of trade fell 1.1%.
  • Household saving to income ratio fell to 4.2% from 5.2%.
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21 sats \ 5 replies \ @Undisciplined 3 Sep
That’s pretty weak
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42 sats \ 4 replies \ @Coinsreporter OP 3 Sep
Yeah, but they are jubilant! 90% of Australia is useless and they actually are a small country but they boast like no other nation.
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21 sats \ 3 replies \ @Undisciplined 3 Sep
It’s basically the southern hemisphere’s Canada
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70 sats \ 0 replies \ @Coinsreporter OP 3 Sep
Haha! You're spot on. @grayruby might say that they have gold basins in the North of Canada like the Australians say they have it in the deserts but who has found it?
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20 sats \ 1 reply \ @grayruby 3 Sep
I think that’s a fair assessment. Weather is nicer is Australia though. But we have less strange animals that will kill you.
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82 sats \ 0 replies \ @Coinsreporter OP 3 Sep
Agree on the animals. I've seen rats like the size of lions in Australia, haha. And tbh, I've also seen Australian people to be bigger in size on an average.
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0 sats \ 0 replies \ @000w2 3 Sep
Sell the $1M house you bought last year for $1.5M. OMG much GDP, such productive.
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