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How productive is the Australian economy?

Ask this yourself

Show me how much Australians produce for each hour they work, how that has changed over the last thirty years, and whether the recent stall is across the whole economy or just parts of it.

No higher than its pre-pandemic peak in the December quarter of 2019, the least flattering base available. Output per hour worked, seasonally adjusted, fell 0.2 per cent over the year to June 2026. Productivity grew 2.3 per cent a year in the decade to 2005; in the decade to 2025 it grew 0.3.

GDP per hour worked
99.7
June quarter 2026 · index, 2023-24 = 100, seasonally adjusted; -0.2% over the year
Growth since December 2019
0.0% a year
Dec 2019 to Jun 2026 · compound annual rate, calculated from the seasonally adjusted index
Growth in the decade to 2005
2.3% a year
Jun 1995 to Jun 2005 · calculated; against 0.3% a year to June 2025

1. Six and a half years with no net gain

in June 2026 was at its December 2019 level, within the rounding of an index the ABS publishes to one decimal place. The index rose sharply in 2020 and has given all of that back. Growth in output per hour is what allows real incomes to rise over the long run without working more hours, and on that measure Australia is where it was six and a half years ago.

Output per hour worked

GDP per hour worked, seasonally adjusted, index 2023-24 = 100

  • GDP per hour worked
  • December 2019 level

Index (2023-24 = 100) · Quarter

Source: Australian Bureau of Statistics, Australian National Accounts: National Income, Expenditure and Product, June 2026. Licensed under CC BY 4.0. Australian National Accounts: National Income, Expenditure and Product

Show the numbers
Output per hour worked
QuarterGDP per hour workedDecember 2019 level
Mar 199568.499.8
Jun 199567.699.8
Sep 199568.999.8
Dec 199568.799.8
Mar 199669.699.8
Jun 199670.499.8
Sep 199670.799.8
Dec 199671.499.8
Mar 199771.599.8
Jun 199773.799.8
Sep 199773.999.8
Dec 199774.299.8
Mar 199874.899.8
Jun 199875.099.8
Sep 199876.799.8
Dec 199877.199.8
Mar 199977.899.8
Jun 199977.899.8
Sep 199977.999.8
Dec 199977.999.8
Mar 200078.099.8
Jun 200078.099.8
Sep 200077.799.8
Dec 200078.799.8
Mar 200179.799.8
Jun 200179.999.8
Sep 200181.099.8
Dec 200181.699.8
Mar 200282.099.8
Jun 200283.299.8
Sep 200282.899.8
Dec 200282.899.8
Mar 200382.599.8
Jun 200382.799.8
Sep 200384.099.8
Dec 200384.899.8
Mar 200485.499.8
Jun 200485.799.8
Sep 200486.099.8
Dec 200485.599.8
Mar 200584.999.8
Jun 200584.799.8
Sep 200585.599.8
Dec 200586.599.8
Mar 200686.399.8
Jun 200685.599.8
Sep 200685.899.8
Dec 200686.399.8
Mar 200787.399.8
Jun 200787.199.8
Sep 200787.599.8
Dec 200786.799.8
Mar 200887.499.8
Jun 200886.699.8
Sep 200886.899.8
Dec 200887.099.8
Mar 200988.399.8
Jun 200989.599.8
Sep 200990.199.8
Dec 200989.899.8
Mar 201090.099.8
Jun 201089.499.8
Sep 201089.799.8
Dec 201089.799.8
Mar 201188.599.8
Jun 201190.199.8
Sep 201191.099.8
Dec 201191.499.8
Mar 201292.099.8
Jun 201292.999.8
Sep 201293.599.8
Dec 201293.699.8
Mar 201394.099.8
Jun 201393.899.8
Sep 201394.499.8
Dec 201395.599.8
Mar 201496.499.8
Jun 201496.299.8
Sep 201496.599.8
Dec 201497.099.8
Mar 201597.099.8
Jun 201596.899.8
Sep 201597.299.8
Dec 201597.399.8
Mar 201697.999.8
Jun 201698.799.8
Sep 201698.399.8
Dec 201699.199.8
Mar 201798.399.8
Jun 201798.199.8
Sep 201798.599.8
Dec 201798.299.8
Mar 201899.199.8
Jun 201899.199.8
Sep 201899.099.8
Dec 201899.099.8
Mar 201998.699.8
Jun 201999.099.8
Sep 201999.199.8
Dec 201999.899.8
Mar 202010199.8
Jun 202010299.8
Sep 202010199.8
Dec 202010299.8
Mar 202110399.8
Jun 202110299.8
Sep 202110399.8
Dec 202110499.8
Mar 202210599.8
Jun 202210399.8
Sep 202210199.8
Dec 202210099.8
Mar 202399.799.8
Jun 202398.699.8
Sep 202399.699.8
Dec 202310099.8
Mar 202410199.8
Jun 202499.799.8
Sep 202499.199.8
Dec 202499.299.8
Mar 202599.599.8
Jun 202599.999.8
Sep 202510099.8
Dec 202510099.8
Mar 202699.799.8
Jun 202699.799.8

2. The slowdown is two decades old

This is not a pandemic effect. grew 2.3 per cent a year through the decade to 2005, 1.3 per cent through the decade to 2015, and 0.3 per cent through the decade to 2025. The second decade lost about two-fifths of the first decade's rate; the third lost three-quarters of the second's. The compounding matters: at the rate of the decade to 2005, output per hour would double in thirty years; at the rate of the decade to 2025 it would take more than two hundred.

Productivity growth, by decade

Compound annual growth in GDP per hour worked between the quarters shown

  • Since December 2019
  • No growth
  • Other series

% a year · Period

Source: Australian Bureau of Statistics, Australian National Accounts: National Income, Expenditure and Product, June 2026. Licensed under CC BY 4.0. Australian National Accounts: National Income, Expenditure and Product

Show the numbers
Productivity growth, by decade
PeriodEarlier decadesSince December 2019No growth
1995–20052.30.00
2005–20151.30.00
2015–20250.320.00
Dec 2019 – Jun 2026-0.020.00

3. Excluding the non-market industries helps, but not enough

A common defence is that measured is dragged down by the , where output is valued at what it costs to provide. The ABS's market-sector measure excludes public administration, education, health and ownership of dwellings — an grouping, so private hospitals sit outside it. It has done better — up 2.8 per cent since December 2019, about 0.4 per cent a year — but it too fell 0.2 per cent over the past year, and that is a fifth of the 2.3 per cent a year of the decade to 2005. The two are not a decomposition: one is per hour, the other gross domestic product per hour.

Output per hour: whole economy and market sector

Seasonally adjusted; ABS indexes rebased by Aard to December quarter 2019 = 100

  • Gross value added per hour worked, market sector
  • GDP per hour worked
  • December quarter 2019

Index (Dec 2019 = 100) · Quarter

Source: Australian Bureau of Statistics, Australian National Accounts: National Income, Expenditure and Product, June 2026. Licensed under CC BY 4.0. Australian National Accounts: National Income, Expenditure and Product

Show the numbers
Output per hour: whole economy and market sector
QuarterGross value added per hour worked, market sectorGDP per hour workedDecember quarter 2019
Mar 201086.690.2100
Jun 201086.689.6100
Sep 201086.289.9100
Dec 201086.789.9100
Mar 201185.788.7100
Jun 201187.990.3100
Sep 201189.291.2100
Dec 201188.891.6100
Mar 201290.292.2100
Jun 201290.993.1100
Sep 201291.293.7100
Dec 201292.393.8100
Mar 201392.294.2100
Jun 201392.594.0100
Sep 201393.194.6100
Dec 201394.395.7100
Mar 201495.396.6100
Jun 201495.696.4100
Sep 201495.996.7100
Dec 201496.497.2100
Mar 201596.697.2100
Jun 201597.097.0100
Sep 201596.997.4100
Dec 201597.197.5100
Mar 201697.398.1100
Jun 201698.698.9100
Sep 201698.598.5100
Dec 201699.299.3100
Mar 201798.898.5100
Jun 201798.498.3100
Sep 201798.998.7100
Dec 201798.098.4100
Mar 201899.699.3100
Jun 201810099.3100
Sep 201899.499.2100
Dec 201899.599.2100
Mar 201998.698.8100
Jun 201910099.2100
Sep 201999.999.3100
Dec 2019100100100
Mar 2020101101100
Jun 2020104102100
Sep 2020102102100
Dec 2020103102100
Mar 2021103104100
Jun 2021102103100
Sep 2021105103100
Dec 2021106105100
Mar 2022106105100
Jun 2022103103100
Sep 2022102102100
Dec 2022101100100
Mar 202310299.9100
Jun 202310198.8100
Sep 202310299.8100
Dec 2023102100100
Mar 2024103101100
Jun 202410299.9100
Sep 202410299.3100
Dec 202410299.4100
Mar 202510299.7100
Jun 2025103100100
Sep 2025103101100
Dec 2025103101100
Mar 202610399.9100
Jun 202610399.9100

4. Growth is coming from hours, not from output per hour

Since December 2019, are up 14.4 per cent while is 0.1 index point lower, within rounding. The extra output since then came from hours rather than from output per hour, and output per hour subtracted: rose 14.3 per cent between the December quarter of 2019 and the June quarter of 2026, against a 14.4 per cent rise in hours worked. Output per person is 4.2 per cent above its December 2019 level but 0.4 per cent below its December 2022 peak.

Hours worked, output per hour and output per person

Seasonally adjusted; hours worked and output per hour are ABS indexes, output per person an ABS chain volume level — all set to December quarter 2019 = 100 by Aard

  • Hours worked
  • GDP per hour worked
  • Other series

Index (Dec 2019 = 100) · Quarter

Source: Australian Bureau of Statistics, Australian National Accounts: National Income, Expenditure and Product, June 2026. Licensed under CC BY 4.0. Australian National Accounts: National Income, Expenditure and Product

Show the numbers
Hours worked, output per hour and output per person
QuarterHours workedGDP per hour workedGDP per capita
Mar 201592.097.296.1
Jun 201592.197.095.9
Sep 201592.897.496.5
Dec 201593.297.596.7
Mar 201693.698.197.2
Jun 201693.398.997.4
Sep 201693.898.597.0
Dec 201694.199.397.8
Mar 201795.198.597.7
Jun 201795.998.397.8
Sep 201796.498.798.4
Dec 201797.198.498.5
Mar 201897.299.399.1
Jun 201897.999.399.4
Sep 201898.499.299.4
Dec 201898.699.299.3
Mar 201999.898.899.7
Jun 201999.799.299.6
Sep 201910099.399.8
Dec 2019100100100
Mar 202098.810199.6
Jun 202090.810292.6
Sep 202094.910295.9
Dec 202097.510299.1
Mar 202198.4104101
Jun 2021100103102
Sep 202197.5103100
Dec 2021100105103
Mar 2022100105104
Jun 2022104103104
Sep 2022105102104
Dec 2022108100105
Mar 202310999.9105
Jun 202311098.8104
Sep 202311099.8104
Dec 2023109100103
Mar 2024109101103
Jun 202411099.9103
Sep 202411199.3103
Dec 202411199.4103
Mar 202511199.7103
Jun 2025112100104
Sep 2025112101104
Dec 2025113101104
Mar 202611499.9104
Jun 202611499.9104

What to watch for

  • GDP per hour worked is a labour productivity measure, and the ABS warns in its own glossary that labour productivity indexes 'not only reflect the contribution of labour to changes in production, but are also influenced by the contribution of capital and other factors affecting production' — Australian National Accounts methodology, June 2026. It is not a measure of how hard anyone works.
  • The 2020 and 2021 values are severely distorted: hours fell far more than output, which mechanically raised measured productivity. Reading that as a genuine efficiency gain is a mistake this page does not make and nor should a reader; read the level either side of the pandemic, not through it. The charts band the period for that reason.
  • Non-market output — public administration, education and health — is largely valued at the cost of the inputs used to produce it, so measured productivity there moves little by construction. That is why the market-sector series is shown alongside.
  • Hours worked in the national accounts differs from monthly Labour Force Survey hours; it is benchmarked to the national accounts and revised with them.
  • The decade rates, the market-sector annual rate, the doubling times and the proportions of one rate to another are all compound-growth calculations Aard makes from published index levels between the two quarters named — not averages of published quarterly changes, and not figures the ABS publishes.
  • The ABS publishes these productivity and hours series as indexes on its own reference year, 2023-24 = 100. The second and third charts rebase them to the December quarter of 2019 so the lines start together. That rebasing is ours, not the ABS's, and the ABS base moves when it re-references.
  • December quarter 2019 is the highest reading in the series before the pandemic, and it is the base this page uses throughout. Measured against the 2019 calendar-year average instead, output per hour in June 2026 is 0.6 per cent higher. The base choice is the page's, and it is the least flattering one available.

References

Data extracted . Reviewed 2026-09-17 by Aard Data Team. Each numbered entry is the publication that documents the figures; the calls beneath it are the ones the retrieval actually made, recovered from the authoring session’s own transcript.

  1. [1]Australian Bureau of Statistics, Australian National Accounts: National Income, Expenditure and Product, June 2026
    Released 2026-09-02
    Vintage: Quarterly. Chain volume measures are not additive except in the reference year; current price values are. Revised with each quarterly and annual release and at each historical revision.
    Source: Australian Bureau of Statistics, Australian National Accounts: National Income, Expenditure and Product, June 2026. Licensed under CC BY 4.0.
    • The call this page made · extracted 16 September 2026
      ABS:ANA_AGG(1.0.0)https://data.api.abs.gov.au/rest/data/ABS,ANA_AGG,1.0.0/all?startPeriod=1990-Q1
      • 98.6 index, 2023-24 = 100 · 2019-Q1 · GDP per hour worked, index, seasonally adjusted, Australia, quarterlyM5.GPM_PHW.20.AUS.Q
      • 99 index, 2023-24 = 100 · 2019-Q2 · GDP per hour worked, index, seasonally adjusted, Australia, quarterlyM5.GPM_PHW.20.AUS.Q
      • 99.1 index, 2023-24 = 100 · 2019-Q3 · GDP per hour worked, index, seasonally adjusted, Australia, quarterlyM5.GPM_PHW.20.AUS.Q
      • 99.8 index, 2023-24 = 100 · 2019-Q4 · GDP per hour worked, index, seasonally adjusted, Australia, quarterlyM5.GPM_PHW.20.AUS.Q
      • 99.7 index, 2023-24 = 100 · 2026-Q2 · GDP per hour worked, index, seasonally adjusted, Australia, quarterlyM5.GPM_PHW.20.AUS.Q
      • 611,732 $ million per quarter, 2023-24 prices · 2019-Q4 · Gross domestic product, chain volume measures, seasonally adjusted, Australia, quarterlyM1.GPM.20.AUS.Q
      • 699,461 $ million per quarter, 2023-24 prices · 2026-Q2 · Gross domestic product, chain volume measures, seasonally adjusted, Australia, quarterlyM1.GPM.20.AUS.Q
      • 91.5 index, 2023-24 = 100 · 2019-Q4 · Hours worked, index, seasonally adjusted, Australia, quarterlyM5.GPM_HRW.20.AUS.Q
      • 104.7 index, 2023-24 = 100 · 2026-Q2 · Hours worked, index, seasonally adjusted, Australia, quarterlyM5.GPM_HRW.20.AUS.Q

      The base the productivity page rests on, written after the 2026-09-16 audit found the page saying 'no more productive than it was in 2019' on the strength of one 2019 quarter. All four are below. December 2019 at 99.8 is the highest pre-pandemic reading in the series, so anchoring on it maximises the apparent stall; the 2019 calendar-year average is 99.125, and June 2026 at 99.7 is 0.58 per cent ABOVE that. The page's claim is true of the December quarter and not of 2019, and it now says which. Also here: GDP and hours worked at the same two dates, so the page's central argument — the extra output came from hours, not from output per hour — sits in one record instead of being assembled across three. GDP rose 14.34 per cent between December 2019 and June 2026 and hours worked 14.43 per cent. Note the units differ and are not divided here: GDP is a chain volume level in $ million, hours worked is an index on the ABS's own 2023-24 = 100 base, and the two percentage changes are compared, not the levels. Percentage changes and the 2019 average are calculated by Aard from these published values. UNIT_MEASURE on the index series is IN with UNIT_MULT 0, and the ABS publishes them to one decimal place, which is why differences of a tenth on this page are described as within rounding rather than as movements. Fetched from the same dataflow and the same June 2026 release on 2026-09-16 and every value reproduced exactly.

    • The call this page made · extracted 15 September 2026
      ABS:ANA_AGG(1.0.0)https://data.api.abs.gov.au/rest/data/ABS,ANA_AGG,1.0.0/all?startPeriod=1990-Q1
      • 99.7 index, 2023-24 = 100 · 2026-Q2 · GDP per hour worked, index, seasonally adjusted, Australia, quarterlyM5.GPM_PHW.20.AUS.Q
      • 99.9 index, 2023-24 = 100 · 2025-Q2 · GDP per hour worked, index, seasonally adjusted, Australia, quarterlyM5.GPM_PHW.20.AUS.Q
      • 99.8 index, 2023-24 = 100 · 2019-Q4 · GDP per hour worked, index, seasonally adjusted, Australia, quarterlyM5.GPM_PHW.20.AUS.Q
      • 102.2 index, 2023-24 = 100 · 2020-Q2 · GDP per hour worked, index, seasonally adjusted, Australia, quarterlyM5.GPM_PHW.20.AUS.Q

      The ABS publishes GDP per hour worked as an index, so no division is done here. Its base is this release's reference year, 2023-24 = 100. Re-run verbatim on 2026-09-16 while migrating this page to evidence records; every value below reproduced exactly.

    • The call this page made · extracted 15 September 2026
      ABS:ANA_AGG(1.0.0)https://data.api.abs.gov.au/rest/data/ABS,ANA_AGG,1.0.0/all?startPeriod=1990-Q1
      • 67.6 index, 2023-24 = 100 · 1995-Q2 · GDP per hour worked, index, seasonally adjusted, Australia, quarterlyM5.GPM_PHW.20.AUS.Q
      • 84.7 index, 2023-24 = 100 · 2005-Q2 · GDP per hour worked, index, seasonally adjusted, Australia, quarterlyM5.GPM_PHW.20.AUS.Q
      • 96.8 index, 2023-24 = 100 · 2015-Q2 · GDP per hour worked, index, seasonally adjusted, Australia, quarterlyM5.GPM_PHW.20.AUS.Q
      • 99.9 index, 2023-24 = 100 · 2025-Q2 · GDP per hour worked, index, seasonally adjusted, Australia, quarterlyM5.GPM_PHW.20.AUS.Q
      • 99.7 index, 2023-24 = 100 · 2026-Q2 · GDP per hour worked, index, seasonally adjusted, Australia, quarterlyM5.GPM_PHW.20.AUS.Q

      Five readings out of one series and one call, which is what the decade comparison rests on. The compound annual rates and the doubling times — thirty years at 2.3 per cent a year, more than two hundred at 0.3 — are calculated by Aard from these index levels; the ABS publishes neither. Re-run verbatim on 2026-09-16 while migrating this page to evidence records; every value below reproduced exactly.

    • The call this page made · extracted 15 September 2026
      ABS:ANA_AGG(1.0.0)https://data.api.abs.gov.au/rest/data/ABS,ANA_AGG,1.0.0/all?startPeriod=1990-Q1
      • 100.4 index, 2023-24 = 100 · 2026-Q2 · Market sector gross value added per hour worked, index, seasonally adjustedM5.GVA_MKT_PHW.20.AUS.Q
      • 97.7 index, 2023-24 = 100 · 2019-Q4 · Market sector gross value added per hour worked, index, seasonally adjustedM5.GVA_MKT_PHW.20.AUS.Q
      • 100.6 index, 2023-24 = 100 · 2025-Q2 · Market sector gross value added per hour worked, index, seasonally adjustedM5.GVA_MKT_PHW.20.AUS.Q

      The market sector excludes public administration, education, health and ownership of dwellings — the parts of the economy whose output is measured by their inputs. It comes out of the same call as the whole-economy measure, so the two are directly comparable. Re-run verbatim on 2026-09-16 while migrating this page to evidence records; every value below reproduced exactly.

    • The call this page made · extracted 15 September 2026
      ABS:ANA_AGG(1.0.0)https://data.api.abs.gov.au/rest/data/ABS,ANA_AGG,1.0.0/all?startPeriod=1990-Q1
      • 104.7 index, 2023-24 = 100 · 2026-Q2 · Hours worked, index, seasonally adjusted, Australia, quarterlyM5.GPM_HRW.20.AUS.Q
      • 91.5 index, 2023-24 = 100 · 2019-Q4 · Hours worked, index, seasonally adjusted, Australia, quarterlyM5.GPM_HRW.20.AUS.Q
      • 102.3 index, 2023-24 = 100 · 2025-Q2 · Hours worked, index, seasonally adjusted, Australia, quarterlyM5.GPM_HRW.20.AUS.Q
      • 699,461 $ million per quarter, 2023-24 prices · 2026-Q2 · Gross domestic product, chain volume measures, seasonally adjusted, Australia, quarterlyM1.GPM.20.AUS.Q
      • 684,822 $ million per quarter, 2023-24 prices · 2025-Q2 · Gross domestic product, chain volume measures, seasonally adjusted, Australia, quarterlyM1.GPM.20.AUS.Q

      Hours worked, the denominator of the productivity measure, from the same call — and GDP beside it, so the comparison of the two growth rates needs no second record. Set beside the flat productivity index it is the page's argument: the extra output since 2019 came from more hours, not from more output per hour. Re-run verbatim on 2026-09-16 while migrating this page to evidence records; every value below reproduced exactly.

    • The call this page made · extracted 15 September 2026
      ABS:ANA_AGG(1.0.0)https://data.api.abs.gov.au/rest/data/ABS,ANA_AGG,1.0.0/all?startPeriod=1990-Q1
      • 611,732 $ million per quarter, 2023-24 prices · 2019-Q4 · Gross domestic product, chain volume measures, seasonally adjusted, Australia, quarterlyM1.GPM.20.AUS.Q
      • 699,461 $ million per quarter, 2023-24 prices · 2026-Q2 · Gross domestic product, chain volume measures, seasonally adjusted, Australia, quarterlyM1.GPM.20.AUS.Q
      • 23,962 $ per person per quarter, 2023-24 prices · 2019-Q4 · GDP per capita, chain volume measures, seasonally adjusted, Australia, quarterlyM1.GPM_PCA.20.AUS.Q
      • 24,971 $ per person per quarter, 2023-24 prices · 2026-Q2 · GDP per capita, chain volume measures, seasonally adjusted, Australia, quarterlyM1.GPM_PCA.20.AUS.Q

      The two series rebased to December 2019 = 100 by Aard. The distance between them is population growth, which is the section's argument. Re-run verbatim on 2026-09-16 while migrating this page to evidence records; every value below reproduced exactly.

    • The call this page made · extracted 15 September 2026
      ABS:ANA_AGG(1.0.0)https://data.api.abs.gov.au/rest/data/ABS,ANA_AGG,1.0.0/all?startPeriod=1990-Q1
      • 24,971 $ per person per quarter, 2023-24 prices · 2026-Q2 · GDP per capita, chain volume measures, seasonally adjusted, Australia, quarterlyM1.GPM_PCA.20.AUS.Q
      • 24,802 $ per person per quarter, 2023-24 prices · 2025-Q2 · GDP per capita, chain volume measures, seasonally adjusted, Australia, quarterlyM1.GPM_PCA.20.AUS.Q
      • 25,063 $ per person per quarter, 2023-24 prices · 2022-Q4 · GDP per capita, chain volume measures, seasonally adjusted, Australia, quarterlyM1.GPM_PCA.20.AUS.Q
      • 25,034 $ per person per quarter, 2023-24 prices · 2022-Q2 · GDP per capita, chain volume measures, seasonally adjusted, Australia, quarterlyM1.GPM_PCA.20.AUS.Q

      The whole quarterly series from March 1990, which is the call the charts and every per-person claim on this page were built from. Through-the-year growth was negative in eight consecutive quarters, June 2023 to March 2025 — the longest run in this series, whose first computable change is March 1991, against four quarters in 2008-09 and four in 2020. Levels fell in each of the six quarters from June 2023 to September 2024. Re-run verbatim on 2026-09-16 while migrating this page to evidence records; every value below reproduced exactly.

    • Read from the publication · extracted 17 September 2026

      Read from the publication, not from a call: Australian National Accounts: National Income, Expenditure and Product methodology, June 2026, Glossary, 'Labour productivity' — https://www.abs.gov.au/methodologies/australian-national-accounts-national-income-expenditure-and-product-methodology/jun-2026

      The ABS's own warning about what a labour productivity index does and does not isolate, quoted verbatim in the page's first caveat: labour productivity indexes 'not only reflect the contribution of labour to changes in production, but are also influenced by the contribution of capital and other factors affecting production'. Written after the round-2 audit found the caveat quoting the ABS with no reference a reader could follow. Read from the methodology release; there is no dataflow and no call for a definition.

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