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Trade & Industry•Series ID: GOPITT•1959–2026

Australian Terms of Trade Index - Historical Data

A higher Terms of Trade means Australia can purchase more imported goods and services for a given volume of exports, boosting real gross domestic income.

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Current Statistics & Historical Records

Latest Reading (2026 Q2)
94.8
Prev (2026 Q1): 96.3-1.5
Highest Recorded (2022 Q2)
115.8

Post-pandemic inflation surge & rapid RBA tightening cycle

Lowest Recorded (1986 Q4)
44.2

Recorded in 1986 Q4

Long-Run Mean (1959–2026)
65.3

68 annual observations · Quarterly

Australian Terms of Trade Index - Historical Series (1959–2026)

Index

Drag to pan, scroll to zoom, or toggle between full annual history (1959–2026) and recent quarterly releases.

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Source: Reserve Bank of Australia (RBA) / Australian Bureau of Statistics (ABS) (GOPITT) Latest: 94.8 Index (2026 Q2)

Australian Terms of Trade Index by Decade (1959–2026)

Decade averages, peaks, and troughs across Australian economic cycles

1950s1959–1959
56.3
High (1959):56.3
Low (1959):56.3
1960s1960–1969
58.7
High (1964):62.8
Low (1961):54.8
1970s1970–1979
57.5
High (1973):67.4
Low (1978):51.1
1980s1980–1989
51.2
High (1989):56.2
Low (1986):45.3
1990s1990–1999
50.8
High (1990):55.0
Low (1993):48.0
2000s2000–2009
65.5
High (2008):86.2
Low (2000):52.4
2010s2010–2019
85.6
High (2011):102.9
Low (2016):72.9
2020s2020–2026
98.7
High (2022):109.7
Low (2020):87.2

Australian Terms of Trade Index - Historical Table (1959–2026)

Unit: Index · Source: Reserve Bank of Australia (RBA) / Australian Bureau of Statistics (ABS) (GOPITT)

Download full CSV (68 rows) ↓
YearTerms of Trade (Index)Year Range (Low – High)Historical Context / Year Snapshot
202695.594.8 – 96.3 The Australian Economy in 2026 →
202595.595.2 – 96.1Disinflation & monetary policy recalibration
202497.995.5 – 100.9 The Australian Economy in 2024 →
2023102.899.2 – 108.4 The Australian Economy in 2023 →
2022109.7106.3 – 115.8Post-pandemic inflation surge & rapid RBA tightening cycle
2021102.196.7 – 106.6 The Australian Economy in 2021 →
202087.285.0 – 90.3COVID-19 pandemic shock & 0.10% cash rate floor
201987.585.0 – 89.8 The Australian Economy in 2019 →
201883.181.7 – 85.1 The Australian Economy in 2018 →
201781.580.5 – 84.1 The Australian Economy in 2017 →
201672.967.8 – 81.0 The Australian Economy in 2016 →
201573.069.3 – 76.5 The Australian Economy in 2015 →
201482.479.0 – 86.7 The Australian Economy in 2014 →
201389.188.0 – 90.0 The Australian Economy in 2013 →
201292.589.2 – 95.7 The Australian Economy in 2012 →
2011102.9100.7 – 105.1China mining investment & Terms of Trade supercycle peak
201091.282.6 – 96.1 The Australian Economy in 2010 →
200978.474.8 – 84.4 The Australian Economy in 2009 →
200886.279.1 – 91.0Global Financial Crisis (GFC) & emergency rate cuts
200776.675.7 – 77.1 The Australian Economy in 2007 →
200672.671.3 – 74.9 The Australian Economy in 2006 →
200567.163.4 – 69.8 The Australian Economy in 2005 →
200460.458.7 – 61.7 The Australian Economy in 2004 →
200355.154.2 – 56.6 The Australian Economy in 2003 →
200253.553.2 – 53.8 The Australian Economy in 2002 →
200152.552.1 – 52.8 The Australian Economy in 2001 →
200052.451.8 – 52.7Introduction of the 10% Goods and Services Tax (GST)
199950.049.4 – 51.0 The Australian Economy in 1999 →
199850.549.2 – 51.6 The Australian Economy in 1998 →
199752.652.3 – 52.8 The Australian Economy in 1997 →
199651.951.1 – 52.2 The Australian Economy in 1996 →
199549.949.5 – 50.4 The Australian Economy in 1995 →
199448.447.8 – 49.8 The Australian Economy in 1994 →
199348.047.4 – 49.3RBA formalises 2–3% inflation targeting
199250.249.2 – 51.2 The Australian Economy in 1992 →
199151.551.0 – 51.9Early 1990s recession ("The recession we had to have")
199055.052.7 – 56.0Monetary tightening peak (17.5% Cash Rate)
198956.255.6 – 56.9 The Australian Economy in 1989 →
198852.149.0 – 54.3 The Australian Economy in 1988 →
198745.844.5 – 46.7October 1987 sharemarket crash
198645.344.2 – 46.4 The Australian Economy in 1986 →
198549.446.6 – 52.8 The Australian Economy in 1985 →
198452.952.6 – 53.2 The Australian Economy in 1984 →
198352.251.6 – 52.8Float of the Australian Dollar & Prices and Incomes Accord
198251.550.8 – 52.1Early 1980s recession & drought
198153.152.3 – 53.8 The Australian Economy in 1981 →
198053.352.9 – 54.3 The Australian Economy in 1980 →
197953.251.5 – 54.2 The Australian Economy in 1979 →
197851.150.7 – 51.9 The Australian Economy in 1978 →
197753.851.0 – 56.0 The Australian Economy in 1977 →
197658.356.7 – 59.8 The Australian Economy in 1976 →
197558.757.6 – 59.8 The Australian Economy in 1975 →
197465.060.8 – 70.81974 wage explosion & stagflation peak
197367.466.2 – 68.2First OPEC oil shock
197255.151.8 – 58.0 The Australian Economy in 1972 →
197153.748.6 – 55.9 The Australian Economy in 1971 →
197058.855.6 – 62.2 The Australian Economy in 1970 →
196960.158.6 – 62.1 The Australian Economy in 1969 →
196857.556.1 – 59.2 The Australian Economy in 1968 →
196757.455.6 – 59.7 The Australian Economy in 1967 →
196660.859.8 – 61.5Decimal currency transition (£ to AUD)
196558.857.7 – 59.7 The Australian Economy in 1965 →
196462.861.2 – 65.0 The Australian Economy in 1964 →
196360.458.1 – 62.7 The Australian Economy in 1963 →
196256.155.4 – 56.7 The Australian Economy in 1962 →
196154.852.7 – 55.8Menzies credit squeeze
196058.355.6 – 59.8 The Australian Economy in 1960 →
195956.355.8 – 56.8 The Australian Economy in 1959 →

Related Australian Economic Statistics

RBA Index of Commodity Prices (AUD)Trade & Industry · 1982–2026
106.6Sep 2026
Australian Trade Balance (% of GDP)Trade & Industry · 1959–2026
-0.7%2026 Q2
Australian Dollar (AUD/USD) Exchange RateTrade & Industry · 1960–2026
US$0.6965Oct 2026
Australian Real GDP Growth RateEconomic Growth · 1950–2026
2.1%2026 Q2
 Compare Terms of Trade against another indicator →

Source Information & Methodology

Primary Institution:
Reserve Bank of Australia (RBA) / Australian Bureau of Statistics (ABS)
Dataset / Publication:
National Accounts - Goods and Services Terms of Trade
Series / Table ID:
RBA Statistical Table H1 (GOPITT)
Release Frequency:
Quarterly
Licence:
CC BY 4.0 International / RBA Terms

• Primary source: Reserve Bank of Australia (RBA) / Australian Bureau of Statistics (ABS) - National Accounts - Goods and Services Terms of Trade (RBA Statistical Table H1).

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

• Series coverage spans 1959 to 2026 (68 annual observations).

APA Citation:Reserve Bank of Australia & Australian Bureau of Statistics. (2026). National Accounts - Goods and Services Terms of Trade (H1: GOPITT). Retrieved October 2026 from https://www.rba.gov.au/statistics/tables/

Frequently Asked Questions: Australian Terms of Trade Index

What is the current Australian Terms of Trade Index?
As of 2026 Q2, the latest recorded Australian Terms of Trade Index is 94.8 (Index), compared with 96.3 in 2026 Q1.
What is the highest and lowest Australian Terms of Trade Index ever recorded in Australia?
Across the historical series (1959–2026), the highest observation was 115.8 (Index) in 2022 Q2, while the lowest was 44.2 (Index) in 1986 Q4. The long-run historical average is 65.3.
Where is the official Australian Terms of Trade Index data sourced from?
This series is compiled from Reserve Bank of Australia (RBA) / Australian Bureau of Statistics (ABS) (National Accounts - Goods and Services Terms of Trade, Series ID: GOPITT) and is updated on a quarterly basis under CC BY 4.0 International / RBA Terms.