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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 | Signal Bias | Action |
|---|---|---|---|---|---|
| EUR/USD | ▲ Direct | +0.30 | FOREX | Watch | → View |
| XAU/USD | ▲ Direct | +0.30 | COMMODITIES | Watch | → View |
| S&P 500 | ▲ Direct | +0.30 | INDEX | Watch | → View |
| BTC/USD | ▲ Direct | +0.30 | CRYPTO | Watch | → View |
| USD/JPY | ▲ Direct | +0.30 | FOREX | Watch | → 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 Construction Work Done QoQ (May 27) and Inflation Rate YoY (May 27).
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
| Wednesday, May 27, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
|---|---|---|---|---|---|---|---|
| 01:30 | AU | CPI YoY | 3.5 | 3.5 | 3.50 | Low | |
| 01:30 | AU | Construction Work Done QoQ | -0.1 | 0.8 | 0.20 | Medium | |
| 01:30 | AU | CPI MoM | 0.3 | 0.3 | 0.30 | Low | |
| 01:30 | AU | Inflation Rate YoY | 4.6 | 4.4 | 4.45 | Medium | |
| 01:30 | AU | Inflation Rate MoM | 1.1 | 0.6 | 0.70 | Medium | |
| 01:30 | AU | CPI | 102.44 | 103.2 | 103.25 | Low | |
| Thursday, May 28, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
| 01:30 | AU | Capital Expenditure QoQ | -1.7 | 2 | 2.05 | Low | |
| 01:30 | AU | Household Spending YoY | 6.3 | 5.5 | 5.50 | Low | |
| 01:30 | AU | Household Spending MoM | 1.6 | -0.6 | -0.60 | Low | |
| Friday, May 29, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
| 01:30 | AU | Housing Credit MoM | 0.6 | 0.5 | 0.50 | Low | |
| 01:30 | AU | Private Sector Credit MoM | 0.7 | 0.6 | 0.60 | Low | |
| 01:30 | AU | Private Sector Credit YoY | 8.1 | 8 | 8.00 | Low | |