FX.co ★ Australia’s Annual GDP Growth Cools to 2.1% in Q2 2026

Australia’s economy expanded by 2.1% year-over-year in the second quarter of 2026, easing from a revised 2.5% annual growth rate recorded in the first quarter of 2026. The latest GDP figures, updated on 2 September 2026, indicate a slowdown in the pace of economic expansion compared with earlier in the year.

The data are based on year-over-year comparisons, measuring the change in GDP in the second quarter of 2026 against the same period a year earlier. Similarly, the previous reading compared first quarter 2026 output with the first quarter of the prior year. The moderation from 2.5% to 2.1% suggests that while Australia’s economy continues to grow, momentum has softened as the year progresses.