Government & Public Finance•Series ID: GGDPECCVPDY•1991–2026
Real Public Final Demand Growth - Historical Data
Tracks the annual rate of expansion in real public sector expenditure across Australia.
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Current Statistics & Historical Records
Latest Reading (2026 Q2)
2.1%
Prev (2026 Q1): 2.1%0.0 pp
Highest Recorded (1997 Q3)
9.6%
Recorded in 1997 Q3
Lowest Recorded (1993 Q4)
-3.3%
RBA formalises 2–3% inflation targeting
Long-Run Mean (1991–2026)
3.4%
36 annual observations · Quarterly
Real Public Final Demand Growth - Historical Series (1991–2026)
% p.a.Drag to pan, scroll to zoom, or toggle between full annual history (1991–2026) and recent quarterly releases.
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Source: Reserve Bank of Australia (RBA) / Australian Bureau of Statistics (ABS) (GGDPECCVPDY) Latest: 2.1 % p.a. (2026 Q2)
Real Public Final Demand Growth by Decade (1991–2026)
Decade averages, peaks, and troughs across Australian economic cycles
1990s1991–1999
2.9%
High (1997):7.1%
Low (1992):-0.2%
2000s2000–2009
3.4%
High (2008):6.3%
Low (2001):0.5%
2010s2010–2019
3.2%
High (2010):6.1%
Low (2014):-0.7%
2020s2020–2026
4.3%
High (2020):6.1%
Low (2026):2.1%
Real Public Final Demand Growth - Historical Table (1991–2026)
Unit: % p.a. · Source: Reserve Bank of Australia (RBA) / Australian Bureau of Statistics (ABS) (GGDPECCVPDY)
| Year | Public Demand Growth (% p.a.) | Year Range (Low – High) | Historical Context / Year Snapshot |
|---|---|---|---|
| 2026 | 2.1% | 2.1% | The Australian Economy in 2026 → |
| 2025 | 2.9% | 1.9% – 3.9% | Disinflation & monetary policy recalibration |
| 2024 | 4.5% | 3.6% – 5.2% | The Australian Economy in 2024 → |
| 2023 | 3.3% | 1.2% – 4.8% | The Australian Economy in 2023 → |
| 2022 | 5.1% | 2.9% – 8.4% | Post-pandemic inflation surge & rapid RBA tightening cycle |
| 2021 | 6.0% | 5.0% – 6.7% | The Australian Economy in 2021 → |
| 2020 | 6.1% | 5.1% – 6.5% | COVID-19 pandemic shock & 0.10% cash rate floor |
| 2019 | 5.6% | 4.2% – 6.6% | The Australian Economy in 2019 → |
| 2018 | 4.6% | 3.5% – 5.7% | The Australian Economy in 2018 → |
| 2017 | 5.0% | 4.6% – 5.3% | The Australian Economy in 2017 → |
| 2016 | 6.1% | 5.8% – 6.6% | The Australian Economy in 2016 → |
| 2015 | 3.1% | 0.8% – 5.1% | The Australian Economy in 2015 → |
| 2014 | -0.7% | -1.9% – 0.1% | The Australian Economy in 2014 → |
| 2013 | 0.3% | -3.1% – 2.8% | The Australian Economy in 2013 → |
| 2012 | 0.8% | -1.4% – 3.5% | The Australian Economy in 2012 → |
| 2011 | 1.2% | 0.2% – 1.8% | China mining investment & Terms of Trade supercycle peak |
| 2010 | 6.1% | 2.6% – 9.4% | The Australian Economy in 2010 → |
| 2009 | 3.1% | 1.4% – 5.2% | The Australian Economy in 2009 → |
| 2008 | 6.3% | 4.8% – 8.0% | Global Financial Crisis (GFC) & emergency rate cuts |
| 2007 | 2.8% | 0.5% – 4.5% | The Australian Economy in 2007 → |
| 2006 | 3.4% | 1.8% – 4.9% | The Australian Economy in 2006 → |
| 2005 | 4.4% | 4.1% – 5.1% | The Australian Economy in 2005 → |
| 2004 | 4.3% | 2.9% – 6.3% | The Australian Economy in 2004 → |
| 2003 | 3.0% | 1.2% – 5.0% | The Australian Economy in 2003 → |
| 2002 | 3.0% | 1.4% – 4.2% | The Australian Economy in 2002 → |
| 2001 | 0.5% | -2.3% – 3.9% | The Australian Economy in 2001 → |
| 2000 | 3.5% | -0.4% – 7.2% | Introduction of the 10% Goods and Services Tax (GST) |
| 1999 | 3.4% | 2.1% – 6.1% | The Australian Economy in 1999 → |
| 1998 | 3.0% | 1.2% – 4.1% | The Australian Economy in 1998 → |
| 1997 | 7.1% | 4.5% – 9.6% | The Australian Economy in 1997 → |
| 1996 | 2.2% | -1.9% – 5.6% | The Australian Economy in 1996 → |
| 1995 | 2.7% | 0.9% – 4.0% | The Australian Economy in 1995 → |
| 1994 | 3.7% | 0.2% – 6.6% | The Australian Economy in 1994 → |
| 1993 | 0.7% | -3.3% – 4.3% | RBA formalises 2–3% inflation targeting |
| 1992 | -0.2% | -1.8% – 3.6% | The Australian Economy in 1992 → |
| 1991 | 3.4% | 0.3% – 6.4% | Early 1990s recession ("The recession we had to have") |
Related Australian Economic Statistics
Source Information & Methodology
- Primary Institution:
- Reserve Bank of Australia (RBA) / Australian Bureau of Statistics (ABS)
- Dataset / Publication:
- Public Final Demand - Chain Volume Year-Ended Growth
- Series / Table ID:
- RBA Statistical Table H2 (GGDPECCVPDY)
- Release Frequency:
- Quarterly
• Primary source: Reserve Bank of Australia (RBA) / Australian Bureau of Statistics (ABS) - Public Final Demand - Chain Volume Year-Ended Growth (RBA Statistical Table H2).
• Observation frequency: Quarterly. Annual table values represent calendar year averages.
• Series coverage spans 1991 to 2026 (36 annual observations).
APA Citation:Reserve Bank of Australia & Australian Bureau of Statistics. (2026). Public Final Demand - Chain Volume Year-Ended Growth (H2: GGDPECCVPDY). Retrieved October 2026 from https://www.rba.gov.au/statistics/tables/
Frequently Asked Questions: Real Public Final Demand Growth
- What is the current Real Public Final Demand Growth?
- As of 2026 Q2, the latest recorded Real Public Final Demand Growth is 2.1 (% p.a.), compared with 2.1 in 2026 Q1.
- What is the highest and lowest Real Public Final Demand Growth ever recorded in Australia?
- Across the historical series (1991–2026), the highest observation was 9.6 (% p.a.) in 1997 Q3, while the lowest was -3.3 (% p.a.) in 1993 Q4. The long-run historical average is 3.4.
- Where is the official Real Public Final Demand Growth data sourced from?
- This series is compiled from Reserve Bank of Australia (RBA) / Australian Bureau of Statistics (ABS) (Public Final Demand - Chain Volume Year-Ended Growth, Series ID: GGDPECCVPDY) and is updated on a quarterly basis under CC BY 4.0 International / RBA Terms.