The market value of all final goods and services produced in Australia during a specific period. The growth rate of GDP is used as a broad gauge of the overall economic health. Robust GDP growth signals a heightened level of activity that is generally associated with a healthy economy. However, economic expansion also raises concerns about inflationary pressures, and strong GDP growth may induces the Australian central bank to raise interest rates in order to combat inflation. As a result, positive GDP readings are typically bullish for the Australian dollar, while slumping GDP growth is usually bearish.

Technically, GDP is calculated according to the following formula:

GDP = C + I + G + (EX - IM)

where
C = private consumption
I = private investment
G = government expenditure
EX = exports of goods and services
IM = imports of goods and services

The headline figure for GDP is an annualized percentage growth rate.

Relevance : Tends to move markets on release
Release schedule : 1:30 (GMT); quarterly, with previous quarter's data released three months later
Revisions schedule : The revisions are of two types: those made quarterly to recent releases and those made annually as a consequence of redistribution across all quarters within a year following revisions to annual totals.
Source of report : Australian Bureau of Statistics
Web Address : http://www.abs.gov.au/
Address of release : http://www.abs.gov.au/ausstats/abs%40.nsf/mf/5206.0
AKA : Australian National Accounts