“The latest official economic data show once again that mass migration is making Australians poorer, and gaslighting from the Treasurer that the results are strong will only further drive anger,” said Dr Kevin You, Senior Fellow at the Institute of Public Affairs.
Today, the Australian Bureau of Statistics updated its Australian National Accounts data series with new data for the March quarter of 2026. IPA analysis of the data reveals:
- Per capita real gross domestic product (GDP) growth was negative 0.13 per cent in the March quarter of 2026. Aggregate real GDP growth was 0.27 per cent for the quarter.
- Ten out of the fifteen full quarters under the Albanese government has experienced a fall in per capita real economic output.
- Per capita real gross domestic product has grown by less than zero (-0.49 per cent) in real terms since the start of the Albanese government in the June quarter of 2022.
Chart: Per capita economic growth by federal government
“The Albanese government has overseen the worst set of economic numbers at least since digitised records began in the early 1970s.”
“If mass migration is considered to be so good, then why are Australians getting poorer, for longer, than at any time in living memory?” said Dr You.
To download the IPA’s research, click here.
