Data

A few weeks ago the Australian Bureau of Statistics (ABS) published the June quarter 2021 Australian National Accounts: National Income, Expenditure and Product (Cat. No. 5206), which means we can update the Practical Economics quarterly Australian State and Territory Gross State Product (GSP) series. We’ve been very busy on our day job so not only are we a bit […]

A couple of weeks ago the Australian Bureau of Statistics (ABS) published the March quarter 2021 Australian National Accounts: National Income, Expenditure and Product (Cat. No. 5206), which means we can update our quarterly Australian State and Territory Gross State Product (GSP) series. Our day job has been a bit busy so we’ve taken a

We don’t forecast anymore at Practical Economics. We learned the hard way that we were not very good at it. Nevertheless, State and Territory Treasuries must undertake the unenviable task of reading the tea leaves. Growth in real (constant price) Gross State Product (GSP) is a key measure of the health of a State or