DEFINITION of 'Australian Bureau of Statistics - ABS'

Australia's national statistical office. The mission statement of the ABS is to assist and facilitate informed decision making, research, and discussion within governments and the community by providing a high quality and objective national statistical service.

BREAKING DOWN 'Australian Bureau of Statistics - ABS'

The Commonwealth Bureau of Census and Statistics (CBCS), the predecessor to the ABS, was established in 1905. It was replaced in 1974 by the ABS. The Australian Bureau of Statistics Act of 1975 established the ABS as a statutory authority headed by the Australian Statistician and responsible to the Treasurer.

RELATED TERMS
  1. Australian Future Fund

    A sovereign wealth fund established by the government of Australia. ...
  2. Lehman Brothers Asset-Backed Securities ...

    Lehman Brothers Asset-Backed Securities is the former name for ...
  3. Statistics Canada (StatsCan)

    Canada's government agency responsible for producing statistics ...
  4. Current Population Survey

    A statistical survey that is performed by the U.S. Census Bureau ...
  5. Reserve Bank of Australia

    The Reserve Bank of Australia is Australia's central bank and ...
  6. NAB Business Confidence Index

    A key measure of business confidence in Australia, published ...
Related Articles
  1. Investing

    Know Where You're Investing!

    Take a look at the top performing mutual funds offered by AllianceBernstein that have the longest established track records, dating back as far as 1994.
  2. Financial Advisor

    APGCX, ANAGX, ABTHX, AGDAX: Top AllianceBernstein Funds

    Discover the four best mutual funds administered and managed by AllianceBernstein that invest in fixed income securities and stocks.
  3. Investing

    Can AB Inbev Make a Comeback?

    While the world's largest brewer has seen a stock decline, long-term investors foresee a turnaround.
  4. Investing

    AB Inbev’s Q4 Includes First Core Profit Decline

    The world's largest brewing company looks to cost savings as it misses earnings estimates.
  5. Investing

    ABSIX,ANAYX,FINUX: High-Yielding Australia Bond Mutual Funds

    Discover Australian bonds and learn about a variety of high-yielding mutual funds that gives investors access to this asset class.
  6. Investing

    Tesla Raising Over $500M With Debt Backed By Vehicle Leases

    Demand for the bonds has been so strong that the electric car maker has already begun to slash yields.
  7. Investing

    $100 billion Beer Merger Approved (BUD)

    Shareholder's of both AB-InBev and SABMiller have agreed to the merger deal today.
  8. Insights

    Is It Time to Invest in Australia?

    Australia a country rich in natural resources and one increasingly gaining attention from investors. Is it time to put some of your international allocation to work in Australia?
  9. Investing

    AB InBev Explores Techniques to Brew Beer on Mars

    The world's largest brewing company wants to brew the first beer on the Red Planet.
  10. Insights

    How The Bureau Of Labor Statistics Works

    The Bureau of Labor Statistics (BLS) is the primary statistical agency for the U.S. federal government in labor economics and statistics.
RELATED FAQS
  1. Is the Bureau of Labor Statistics accurate?

    Read this brief analysis of the accuracy of Bureau of Labor Statistics, including a summary of the types of reports issued ... Read Answer >>
  2. What data does the Bureau of Labor Statistics collect?

    Collected data includes unemployment numbers, inflation, prices, pay and benefits, time use of Americans, import/export numbers ... Read Answer >>
  3. How does the Bureau of Labor Statistics determine the Consumer Price Index (CPI)?

    Changes in the average price level of more than 200 goods and services across the U.S. economy are used to determine the ... Read Answer >>
  4. What impact does a higher non-farm payroll have on the forex market?

    Traders are constantly monitoring various economic indicators to identify trends in economic growth. Some of the most watched ... Read Answer >>
  5. How does the Federal Government track the business cycle?

    Learn more about the agencies used by the federal government to research business cycle changes and inform decisions about ... Read Answer >>
Hot Definitions
  1. Cost of Goods Sold - COGS

    Cost of goods sold (COGS) is the direct costs attributable to the production of the goods sold in a company.
  2. Profit and Loss Statement (P&L)

    A financial statement that summarizes the revenues, costs and expenses incurred during a specified period of time, usually ...
  3. Monte Carlo Simulation

    Monte Carlo simulations are used to model the probability of different outcomes in a process that cannot easily be predicted ...
  4. Price Elasticity of Demand

    Price elasticity of demand is a measure of the change in the quantity demanded or purchased of a product in relation to its ...
  5. Sharpe Ratio

    The Sharpe ratio is the average return earned in excess of the risk-free rate per unit of volatility or total risk.
  6. Capital Expenditure (CAPEX)

    Capital expenditure, or CapEx, are funds used by a company to acquire or upgrade physical assets such as property, industrial ...
Trading Center