21235 – Growth per Person

Growth per Person (21235) measures how fast Australia’s output per person is growing: the change over the year in real GDP per capita. Higher readings mean faster growth in living standards. It is one of two components of Employment & GDP (21230), with Labour Market Tightness (21231), and carries half of that node’s weight. Employment & GDP in turn carries a weighting of 0.15 in the Economic Factors (APN Aggregate Macro-Volatility Index™) (21200).

Output per person is read rather than total output because total output also rises with population, which the platform reads separately in Population Growth & Distribution (21410). Productivity, output per hour worked, is read within the 21230 family.

Primary metric: Node Z-Score (Z₂₁₂₃₅)

Metric typology: single-series Z-score of a growth rate. The level of GDP per capita rises over time, so the node reads its growth, which has no trend (correlation with time −0.13 over the baseline).

Total output, shown as context. Real GDP grew 2.14% over the year to the June quarter 2026, against 0.68% per person. Population growth accounts for most of the growth in total output.

Tier-1 sovereign statistical release. No commercial data provider dependency exists within this node.

The chart shows the node’s reading in every quarter, measured against the 2011–2025 baseline.

At −0.1030σ (Q2 2026), output per person is growing slightly more slowly than its 2011–2025 average: 0.68% over the year, against a baseline average of 0.89%. Position. 31.4, ranked against 208 quarters since September 1974.

Growth per person had recovered from the declines of 2023 and 2024, reaching its lowest at −1.14% in the March quarter 2024, to 1.09% in the December quarter 2025 and 1.05% in the March quarter 2026. The June quarter reading is the lowest since September 2025. Total output grew 2.14% over the year, so most of the economy’s growth reflects a larger population rather than higher output per person.

The other nodes of the Employment & GDP family. Only Labour Market Tightness (21231) and Growth per Person (21235) compose into Employment & GDP (21230); the others are read in their own right.