Australia · National accounts
Is national income
growing per person?
Is Australia’s real national income growing faster than its population? Explore income per person first, then compare it with the national total below. Both measures adjust for price changes.
June quarter 2026 publication edition · Seasonally adjusted · New releases are checked before updating
Depreciation allows for assets wearing out or becoming obsolete. In these measures, “net” means depreciation has been subtracted; it does not simply mean after tax. The national-accounts term for this allowance is “consumption of fixed capital”.
Real national income per person
Cumulative change per person
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See the income per person figures
| Quarter | Real national income per person ($) | Annual change (%) | Change from start (%) |
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Total real national income
Annual change – total
Cumulative change – total
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See the total national income figures
| Quarter | Total real national income ($ billion) | Annual change (%) | Change from start (%) |
|---|
Why can income grow differently from production?
Among other things, changes in export and import prices affect what Australia can buy with what it earns.
What this measure includes
Real net national disposable income adjusts national income for price changes, allows for depreciation of capital and includes net income and current transfers with the rest of the world. Changes in the terms of trade affect its purchasing power.
The terms of trade compare export prices with import prices. They can fall even when export volumes rise, and a rise does not mean all households receive more income.
National income is not household disposable income. The per-person figure is a national average, not a median wage or a typical household’s spending power.
National accounts sources and methods · June quarter 2026 edition