Consumption accounts for more than half of Australia's gross domestic product (GDP). The Reserve Bank of Australia (RBA) has previously cited the outlook for household spending when discussing the ...

Don't miss out on the headlines from Economy. Followed categories will be added to My News. Between 2000 and 2023, Australia’s population grew by 40 per cent — the fastest rate of any developed nation ...

S&P Global Director Anthony Walker discusses the higher GDP spending in Australia and how there are limited signs of stagnation or attempts to pull it back down to “historical averages”.