Australia’s economy expanded by 2.5% year-over-year in the first quarter of 2026, marginally below the 2.6% growth rate recorded in the fourth quarter of 2025. The latest data, updated on 3 June 2026, point to a slight moderation in momentum but still signal steady annual growth.
The figures are based on year-over-year comparisons, with the current reading reflecting the change in GDP in the first quarter of 2026 versus the same quarter a year earlier. The previous indicator captured the change in GDP in the fourth quarter of 2025 against the corresponding quarter of the prior year. The minor slowdown suggests that while Australia’s expansion remains intact, the pace of growth has edged down as the new year began.
