Quarterly economic indicators
The outbreak of the COVID-19 pandemic had a significant impact on the economy in FY2019/20, where the impacts are evident in the last quarter of the financial year. However, the annual economic information doesn’t show us a full picture as the impact of COVID-19 on June Quarter 2020 is averaged out by the previous three quarters in the financial year.
In response, .id has developed this page to show quarterly estimates for GRP, Jobs and Employed Residents so that you can see the immediate impact of COVID-19 in the June Quarter 2020 and the economic dynamics before the COVID-19. This tool should be viewed in conjunction with building approvals, unemployment and JobSeeker section to understand the dynamic nature of the impact of COVID-19.