Australia Gross Domestic Product (GDP) q/q provides a monetary gauge of all goods and services produced in Australia (less the value of goods and services used in production) in the reported quarter compared to the previous one.
The GDP calculation formula includes consumer and government spending, amount of all investments and total net export of the country.
GDP growth can have a positive effect on AUD quotes.
The chart of the entire available history of the "Australia Gross Domestic Product (GDP) q/q" macroeconomic indicator. The dashed line shows the forecast values of the economic indicator for the specified dates.
A significant deviation of a real value from a forecast one may cause a short-term strengthening or weakening of a national currency in the Forex market. The threshold values of the indicators signaling the approach of the critical state of the national (local) economy occupy a special place.