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Three months ago, I questioned why the population numbers contained in the Q3 ABS national accounts differed so widely from the official Q2 population figures released one week later by the ABS:
That is, the Q3 national accounts implied 656,000 population growth for 2023–24, versus 552,000 growth in the official quarterly population data. That represented a 104,000 difference in data released by the ABS only eight days apart.
Following my query, the ABS released a media release explaining the discrepancy:
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About the author
Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness.
Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.