Data from the Australian Bureau of Statistics (ABS) reveals that Australia’s GDP per capita has grown by 4.0% between the end of 2019 and mid-2026. This stagnation has put Australia on track for its weakest decade of living standards growth since World War I.

I’ve argued here that Australians can’t have both the highest per capita land prices in the world (which we have!) and a decent GDP growth per head. In fact, apart from a brief increase in 2025 we’ve been in virtual per capita recession since 2023.

Resulting from tax policy favoring property speculation over productivity, Australian GDP growth has gradually tanked since 1974 (arguably the peak of the K-Wave). That would also be confirmed by extending the chart below from 2019 as abovementioned.

Oh, well, that’s a case in which not too many people are interested, unfortunately.