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Data from World Bank. Forecasts by Sigmanomics Forecast Engine.
AustraliaAustralia Government Expense (% of GDP) fell to 27.58 Percent in December 2022
World BankYearlyReleased December 2022
Australia Government Expense (% of GDP) fell to 27.58 Percent in December 2022, down 4.97 Percent from November's 32.55 Percent reading.
Latest Release
27.583313
Actual
—
Consensus
32.551818
Previous
Sigmacast Track Record
Sigmacast track record will appear here once this indicator has been released 3+ times since Sigmanomics began tracking.
Sigmacast Σ-direction model: consensus + ½ × mean(surprise, trailing 90d).
CORRELATED SYMBOLS— markets that historically move with this indicator
| Symbol | Direction | Correlation | Asset Class | Co-movement | Action |
|---|---|---|---|---|---|
| EUR/USD | ▲ Direct | +0.30 | FOREX | Moves with | → View |
| XAU/USD | ▲ Direct | +0.30 | COMMODITIES | Moves with | → View |
| S&P 500 | ▲ Direct | +0.30 | INDEX | Moves with | → View |
| BTC/USD | ▲ Direct | +0.30 | CRYPTO | Moves with | → View |
| USD/JPY | ▲ Direct | +0.30 | FOREX | Moves with | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
THE RELEASE
Government Expense (% of GDP) (Australia) was reported at 27.58 Percent in December 2022. The reading fell from the previous value of 32.55 Percent. This is classified as a medium-impact indicator released on a yearly basis.
WHY IT MATTERS
The trailing three releases averaged 30.09 Percent, up from the prior three at 26.24 Percent.
WHAT TO WATCH NEXT
Same-country events in the next 14 days include Employment Change (Oct 15) and Unemployment Rate (Oct 15).
Auto-generated from current model state · Refreshes on each release · Last update December 2022.
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Government Expense (% of GDP) - AU
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About Government Expense (% of GDP) — Australia
WHY THIS INDICATOR MATTERS
Aggregate growth figures anchor cyclical positioning across asset classes and inform fiscal and monetary policy debate. Surprises against consensus can drive short-term moves, particularly when the print breaks an established trend. Released annually.
WHAT'S NEXT
Sigmacast's 1-month forecast points to a similar reading versus the latest print, with the 3-month outlook reinforcing that direction. Both horizons are aligned bearish for this indicator, suggesting a consistent trend signal. Trend-driven dynamics are the primary tailwind in the current projection.
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EXPECTED ZONE
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Economic Calendar - AU Events
| Tuesday, October 13, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
|---|---|---|---|---|---|---|---|
| 00:30 | AU | NAB Business Confidence | -13 | -9 | -9 | -11.00 | High |
| Wednesday, October 14, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
| 00:00 | AU | Leading Index MoM | -0.1 | 0 | -0.1 | -0.10 | Low |
| Thursday, October 15, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
| 00:00 | AU | Leading Index MoM | 0 | -0.4 | -0.40 | Low | |
| 00:30 | AU | Employment Change | 39.5 | 20 | 20.00 | High | |
| 00:30 | AU | Participation Rate | 67.1 | 67 | 67.00 | Low | |
| 00:30 | AU | Unemployment Rate | 4.6 | 4.6 | 4.60 | High | |