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Economic Growth•Series ID: GGDPECCVPSHY•1960–2026

Household Final Consumption Growth - Historical Data

Household consumption accounts for roughly half of Australian GDP and reflects consumer purchasing power and confidence.

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Current Statistics & Historical Records

Latest Reading (2026 Q2)
1.8%
Prev (2026 Q1): 2.4%-0.6 pp
Highest Recorded (2021 Q2)
15.4%

Recorded in 2021 Q2

Lowest Recorded (2020 Q2)
-13.8%

COVID-19 pandemic shock & 0.10% cash rate floor

Long-Run Mean (1960–2026)
3.4%

67 annual observations · Quarterly

Household Final Consumption Growth - Historical Series (1960–2026)

% p.a.

Drag to pan, scroll to zoom, or toggle between full annual history (1960–2026) and recent quarterly releases.

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Source: Reserve Bank of Australia (RBA) / Australian Bureau of Statistics (ABS) (GGDPECCVPSHY) Latest: 1.8 % p.a. (2026 Q2)

Household Final Consumption Growth by Decade (1960–2026)

Decade averages, peaks, and troughs across Australian economic cycles

1960s1960–1969
4.6%
High (1969):6.3%
Low (1961):-0.2%
1970s1970–1979
3.6%
High (1973):6.2%
Low (1979):1.3%
1980s1980–1989
3.1%
High (1989):5.5%
Low (1984):0.5%
1990s1990–1999
3.3%
High (1999):5.4%
Low (1991):0.9%
2000s2000–2009
3.8%
High (2004):6.0%
Low (2009):1.8%
2010s2010–2019
2.6%
High (2010):4.0%
Low (2019):1.0%
2020s2020–2026
2.0%
High (2022):7.5%
Low (2020):-6.2%

Household Final Consumption Growth - Historical Table (1960–2026)

Unit: % p.a. · Source: Reserve Bank of Australia (RBA) / Australian Bureau of Statistics (ABS) (GGDPECCVPSHY)

Download full CSV (67 rows) ↓
YearHousehold Consumption (% p.a.)Year Range (Low – High)Historical Context / Year Snapshot
20262.1%1.8% – 2.4% The Australian Economy in 2026 →
20252.1%0.9% – 2.7%Disinflation & monetary policy recalibration
20240.6%0.2% – 1.0% The Australian Economy in 2024 →
20232.8%1.1% – 4.8% The Australian Economy in 2023 →
20227.5%5.0% – 12.4%Post-pandemic inflation surge & rapid RBA tightening cycle
20215.3%-0.3% – 15.4% The Australian Economy in 2021 →
2020-6.2%-13.8% – -0.9%COVID-19 pandemic shock & 0.10% cash rate floor
20191.0%0.8% – 1.4% The Australian Economy in 2019 →
20182.6%1.8% – 3.0% The Australian Economy in 2018 →
20172.5%2.3% – 2.8% The Australian Economy in 2017 →
20162.7%2.5% – 2.9% The Australian Economy in 2016 →
20152.5%2.4% – 2.6% The Australian Economy in 2015 →
20142.6%2.4% – 2.8% The Australian Economy in 2014 →
20131.8%1.4% – 2.2% The Australian Economy in 2013 →
20122.9%2.4% – 3.3% The Australian Economy in 2012 →
20113.3%2.4% – 4.2%China mining investment & Terms of Trade supercycle peak
20104.0%3.8% – 4.3% The Australian Economy in 2010 →
20091.8%-0.4% – 3.9% The Australian Economy in 2009 →
20082.0%-0.4% – 4.3%Global Financial Crisis (GFC) & emergency rate cuts
20076.0%5.5% – 6.3% The Australian Economy in 2007 →
20064.2%3.6% – 5.2% The Australian Economy in 2006 →
20053.2%2.3% – 4.1% The Australian Economy in 2005 →
20046.0%5.2% – 6.5% The Australian Economy in 2004 →
20033.9%3.2% – 5.1% The Australian Economy in 2003 →
20024.2%2.9% – 5.1% The Australian Economy in 2002 →
20012.9%2.4% – 3.5% The Australian Economy in 2001 →
20003.5%2.9% – 3.7%Introduction of the 10% Goods and Services Tax (GST)
19995.4%4.6% – 6.5% The Australian Economy in 1999 →
19985.0%4.9% – 5.4% The Australian Economy in 1998 →
19974.2%2.6% – 5.7% The Australian Economy in 1997 →
19963.0%2.5% – 3.6% The Australian Economy in 1996 →
19954.0%3.2% – 4.9% The Australian Economy in 1995 →
19943.5%2.7% – 4.8% The Australian Economy in 1994 →
19931.4%0.9% – 2.2%RBA formalises 2–3% inflation targeting
19922.9%2.4% – 3.4% The Australian Economy in 1992 →
19910.9%0.2% – 1.9%Early 1990s recession ("The recession we had to have")
19902.6%1.2% – 3.7%Monetary tightening peak (17.5% Cash Rate)
19895.5%4.8% – 6.3% The Australian Economy in 1989 →
19883.6%3.2% – 4.0% The Australian Economy in 1988 →
19872.5%1.4% – 3.4%October 1987 sharemarket crash
19862.8%1.2% – 4.2% The Australian Economy in 1986 →
19853.8%0.5% – 6.7% The Australian Economy in 1985 →
19840.5%-0.5% – 1.5% The Australian Economy in 1984 →
19831.1%0.1% – 2.9%Float of the Australian Dollar & Prices and Incomes Accord
19824.5%3.0% – 5.7%Early 1980s recession & drought
19814.5%2.6% – 5.9% The Australian Economy in 1981 →
19802.7%2.2% – 3.4% The Australian Economy in 1980 →
19791.3%0.3% – 2.1% The Australian Economy in 1979 →
19782.1%1.3% – 2.9% The Australian Economy in 1978 →
19773.2%1.1% – 5.3% The Australian Economy in 1977 →
19763.2%-0.1% – 7.4% The Australian Economy in 1976 →
19752.7%0.4% – 4.4% The Australian Economy in 1975 →
19745.8%4.4% – 6.6%1974 wage explosion & stagflation peak
19736.2%6.1% – 6.6%First OPEC oil shock
19723.4%2.4% – 4.1% The Australian Economy in 1972 →
19713.5%2.8% – 4.4% The Australian Economy in 1971 →
19704.9%4.3% – 5.3% The Australian Economy in 1970 →
19696.3%5.0% – 7.0% The Australian Economy in 1969 →
19685.0%4.5% – 5.4% The Australian Economy in 1968 →
19675.3%4.5% – 6.2% The Australian Economy in 1967 →
19663.6%2.8% – 5.0%Decimal currency transition (£ to AUD)
19653.8%2.9% – 4.8% The Australian Economy in 1965 →
19646.1%4.8% – 7.3% The Australian Economy in 1964 →
19636.0%4.4% – 7.8% The Australian Economy in 1963 →
19625.9%5.0% – 6.4% The Australian Economy in 1962 →
1961-0.2%-1.1% – 0.4%Menzies credit squeeze
19604.6%2.7% – 6.4% The Australian Economy in 1960 →

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 Compare Household Consumption against another indicator →

Source Information & Methodology

Primary Institution:
Reserve Bank of Australia (RBA) / Australian Bureau of Statistics (ABS)
Dataset / Publication:
Demand and Income - Household Consumption Year-Ended Growth
Series / Table ID:
RBA Statistical Table H2 (GGDPECCVPSHY)
Release Frequency:
Quarterly
Licence:
CC BY 4.0 International / RBA Terms

• Primary source: Reserve Bank of Australia (RBA) / Australian Bureau of Statistics (ABS) - Demand and Income - Household Consumption Year-Ended Growth (RBA Statistical Table H2).

• Observation frequency: Quarterly. Annual table values represent calendar year averages.

• Series coverage spans 1960 to 2026 (67 annual observations).

APA Citation:Reserve Bank of Australia & Australian Bureau of Statistics. (2026). Demand and Income - Household Consumption Year-Ended Growth (H2: GGDPECCVPSHY). Retrieved October 2026 from https://www.rba.gov.au/statistics/tables/

Frequently Asked Questions: Household Final Consumption Growth

What is the current Household Final Consumption Growth?
As of 2026 Q2, the latest recorded Household Final Consumption Growth is 1.8 (% p.a.), compared with 2.4 in 2026 Q1.
What is the highest and lowest Household Final Consumption Growth ever recorded in Australia?
Across the historical series (1960–2026), the highest observation was 15.4 (% p.a.) in 2021 Q2, while the lowest was -13.8 (% p.a.) in 2020 Q2. The long-run historical average is 3.4.
Where is the official Household Final Consumption Growth data sourced from?
This series is compiled from Reserve Bank of Australia (RBA) / Australian Bureau of Statistics (ABS) (Demand and Income - Household Consumption Year-Ended Growth, Series ID: GGDPECCVPSHY) and is updated on a quarterly basis under CC BY 4.0 International / RBA Terms.