The statistic shows the growth rate of Australia’s real GDP from 2020 to 2024, with projections up until 2030. In 2024, GDP in Australia grew by about 1.04 percent on the previous year.The recession-proof land down underGDP is one of the primary indicators used to gauge the state and health of a country’s economy. It is the total market value of all final goods and services that have been produced within a country in a given period of time, usually a year. GDP figures allow us to understand a country’s economy in a clear way. Real GDP, in a similar vein, is also a very useful indicator; this is a measurement that takes prices changes (inflation and deflation) into account, therefore acting as a key indicator for economic growth.The gross domestic product (GDP) growth rate in Australia has, for sometime, been able to get a steady foothold in the somewhat shaky post-recession world, shaky, but far from catastrophic. The annual growth rate between the 2008 and 2009 financial years, for example, a time at which the world was brought to its proverbial knees, saw growth rates down under reach to 2.49 and 1.37 percent respectively on the previous years, whereas the GDP growth rate in the United States plummeted well into the minus zone. Australia, like all other capitalist nations, is at the mercy of international markets, and when the world economy takes a hit, it would be foolish to suggest it could emerge fully unscathed. However, Australia has earned some much deserved praise and attention owing to the fact that it has managed to remain recession-free for the past twenty years. This could be thanks to its abundance of raw materials, the Australian mining boom, the fact the recession came at a time of high commodity prices and, maybe most importantly, that just under a third of its exports go to China.

Graph and download economic data for Real Gross Domestic Product for Australia (NGDPRSAXDCAUQ) from Q3 1959 to Q4 2024 about Australia, real, and GDP.

AU: GDP: Growth: Double Hit Scenario data was reported at 3.450 % in Dec 2021. This records a decrease from the previous number of 4.366 % for Sep 2021. AU: GDP: Growth: Double Hit Scenario data is updated quarterly, averaging 7.568 % from Mar 1961 (Median) to Dec 2021, with 244 observations. The data reached an all-time high of 30.496 % in Sep 2020 and a record low of -39.274 % in Jun 2020. AU: GDP: Growth: Double Hit Scenario data remains active status in CEIC and is reported by Organisation for Economic Co-operation and Development. The data is categorized under Global Database’s Australia – Table AU.OECD.EO: GDP: Growth and Contribution to Growth: Forecast: OECD Member: Quarterly. GDP_ANNPCT - Gross domestic product, nominal value, growthExpenditure approach. Percentage change compared to the previous period. Quarterly growth expressed at annual rate.

The Gross Domestic Product (GDP) in Australia was worth 1728.06 billion US dollars in 2023, according to official data from the World Bank. The GDP value of Australia represents 1.64 percent of the world economy. This dataset provides - Australia GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news.

AU: GDP: Growth: Deflator: Double Hit Scenario data was reported at 0.629 % in Dec 2021. This records a decrease from the previous number of 0.638 % for Sep 2021. AU: GDP: Growth: Deflator: Double Hit Scenario data is updated quarterly, averaging 3.948 % from Mar 1961 (Median) to Dec 2021, with 244 observations. The data reached an all-time high of 28.234 % in Dec 1975 and a record low of -7.019 % in Jun 2009. AU: GDP: Growth: Deflator: Double Hit Scenario data remains active status in CEIC and is reported by Organisation for Economic Co-operation and Development. The data is categorized under Global Database’s Australia – Table AU.OECD.EO: GDP: Growth and Contribution to Growth: Forecast: OECD Member: Quarterly. PGDP_ANNPCT - Gross domestic product, market prices, deflator. Percentage change compared to the previous period. Quarterly growth expressed at annual rate.

Australia GDP: Growth: Volume data was reported at 2.542 % in Dec 2026. This records a decrease from the previous number of 2.574 % for Sep 2026. Australia GDP: Growth: Volume data is updated quarterly, averaging 2.876 % from Jun 1960 (Median) to Dec 2026, with 267 observations. The data reached an all-time high of 17.623 % in Mar 1976 and a record low of -24.032 % in Jun 2020. Australia GDP: Growth: Volume data remains active status in CEIC and is reported by Organisation for Economic Co-operation and Development. The data is categorized under Global Database’s Australia – Table AU.OECD.EO: GDP: Growth and Contribution to Growth: Forecast: OECD Member: Quarterly. GDPV_ANNPCT - Gross domestic product, volume, growth Expenditure approach. Percentage change compared to the previous period. Quarterly growth expressed at annual rate.

The statistic depicts Australia's gross domestic product (GDP) from 1987 to 2024, with projections up until 2030. In 2024, GDP in Australia amounted to about 1.8 trillion US dollars. See global GDP for a global comparison. Australia’s economy and population Australia’s gross domestic product has been growing steadily, and all in all, Australia and its economic key factors show a well-set country. Australia is among the countries with the largest gross domestic product / GDP worldwide, and thus one of the largest economies. It was one of the few countries not severely stricken by the 2008 financial crisis; its unemployment rate, inflation rate and trade balance, for example, were hardly affected at all. In fact, the trade balance of Australia – a country’s exports minus its imports – has been higher than ever since 2010, with a slight dip in 2012. Australia mainly exports wine and agricultural products to countries like China, Japan or South Korea. One of Australia’s largest industries is tourism, which contributes a significant share to its gross domestic product. Almost half of approximately 23 million Australian residents are employed nowadays, life expectancy is increasing, and the fertility rate (the number of children born per woman) has been quite stable. A look at the distribution of the world population by continent shows that Australia is ranked last in terms of population and population density. Most of Australia's population lives at the coast in metropolitan areas, since parts of the continent are uninhabitable. Unsurprisingly, Australia is known as a country with very high living standards, four of its biggest cities – Melbourne, Adelaide, Sydney and Perth – are among the most livable cities worldwide.

Graph and download economic data for National Accounts: GDP by Expenditure: Constant Prices: Exports of Goods and Services for Australia (NAEXKP06AUQ659S) from Q1 1961 to Q4 2024 about Australia, exports, goods, services, real, and GDP.

Graph and download economic data for National Accounts: GDP by Expenditure: Constant Prices: Less: Imports of Goods and Services for Australia (NAEXKP07AUQ661S) from Q1 1960 to Q3 2023 about Australia, imports, goods, services, real, and GDP.

Australia GDP: Growth: Single Hit Scenario data was reported at 3.522 % in Dec 2021. This records a decrease from the previous number of 3.590 % for Sep 2021. Australia GDP: Growth: Single Hit Scenario data is updated quarterly, averaging 7.568 % from Mar 1961 (Median) to Dec 2021, with 244 observations. The data reached an all-time high of 30.496 % in Sep 2020 and a record low of -39.274 % in Jun 2020. Australia GDP: Growth: Single Hit Scenario data remains active status in CEIC and is reported by Organisation for Economic Co-operation and Development. The data is categorized under Global Database’s Australia – Table AU.OECD.EO: GDP: Growth and Contribution to Growth: Forecast: OECD Member: Quarterly. GDP_ANNPCT - Gross domestic product, nominal value, growthExpenditure approach. Percentage change compared to the previous period. Quarterly growth expressed at annual rate.

Australia GDP: Growth: Volume: Single Hit Scenario data was reported at 2.433 % in Dec 2021. This records a decrease from the previous number of 2.500 % for Sep 2021. Australia GDP: Growth: Volume: Single Hit Scenario data is updated quarterly, averaging 3.088 % from Mar 1961 (Median) to Dec 2021, with 244 observations. The data reached an all-time high of 29.085 % in Sep 2020 and a record low of -39.473 % in Jun 2020. Australia GDP: Growth: Volume: Single Hit Scenario data remains active status in CEIC and is reported by Organisation for Economic Co-operation and Development. The data is categorized under Global Database’s Australia – Table AU.OECD.EO: GDP: Growth and Contribution to Growth: Forecast: OECD Member: Quarterly. GDPV_ANNPCT - Gross domestic product, volume, growth Expenditure approach. Percentage change compared to the previous period. Quarterly growth expressed at annual rate.

GDP from Manufacturing in Australia decreased to 33731 AUD Million in the fourth quarter of 2024 from 34512 AUD Million in the third quarter of 2024. This dataset provides - Australia Gdp From Manufacturing- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Graph and download economic data for National Accounts: GDP by Expenditure: Constant Prices: Private Final Consumption Expenditure for Australia (NAEXKP02AUQ657S) from Q2 1960 to Q4 2024 about Australia, consumption expenditures, consumption, private, real, and GDP.

GDP from Agriculture in Australia increased to 19686 AUD Million in the fourth quarter of 2024 from 18350 AUD Million in the third quarter of 2024. This dataset provides - Australia Gdp From Agriculture- actual values, historical data, forecast, chart, statistics, economic calendar and news.

GDP from Public Administration in Australia increased to 33728 AUD Million in the fourth quarter of 2024 from 33427 AUD Million in the third quarter of 2024. This dataset provides - Australia Gdp From Public Administration- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Graph and download economic data for Nominal Gross Domestic Product for Australia (NGDPNSAXDCAUQ) from Q3 1959 to Q4 2024 about Australia and GDP.

Australia GDP: Growth: Volume: Exports of Goods and Services: Single Hit Scenario data was reported at 2.830 % in Dec 2021. This records a decrease from the previous number of 3.239 % for Sep 2021. Australia GDP: Growth: Volume: Exports of Goods and Services: Single Hit Scenario data is updated quarterly, averaging 5.106 % from Mar 1961 (Median) to Dec 2021, with 244 observations. The data reached an all-time high of 91.230 % in Dec 1962 and a record low of -45.142 % in Sep 1962. Australia GDP: Growth: Volume: Exports of Goods and Services: Single Hit Scenario data remains active status in CEIC and is reported by Organisation for Economic Co-operation and Development. The data is categorized under Global Database’s Australia – Table AU.OECD.EO: GDP: Growth and Contribution to Growth: Forecast: OECD Member: Quarterly. XGSV_ANNPCT - Exports of goods and services, volume, growth (national accounts basis). Percentage change compared to the previous period. Quarterly growth expressed at annual rate.

GDP Counterfactual Tracker: % Change from Pre-Crisis Trend data was reported at 1.600 % in Jan 2023. This records a decrease from the previous number of 4.120 % for Oct 2022. GDP Counterfactual Tracker: % Change from Pre-Crisis Trend data is updated quarterly, averaging -1.147 % from Jan 2020 (Median) to Jan 2023, with 13 observations. The data reached an all-time high of 11.907 % in Apr 2022 and a record low of -9.483 % in Apr 2020. GDP Counterfactual Tracker: % Change from Pre-Crisis Trend data remains active status in CEIC and is reported by Organisation for Economic Co-operation and Development. The data is categorized under Global Database’s Australia – Table AU.OECD.WT: GDP Growth Tracker: Quarterly.

Australia GDP: Growth: Volume: Imports of Goods and Services: Single Hit Scenario data was reported at 4.060 % in Dec 2021. This records a decrease from the previous number of 5.302 % for Sep 2021. Australia GDP: Growth: Volume: Imports of Goods and Services: Single Hit Scenario data is updated quarterly, averaging 5.906 % from Mar 1961 (Median) to Dec 2021, with 244 observations. The data reached an all-time high of 62.508 % in Mar 1968 and a record low of -46.157 % in Mar 1975. Australia GDP: Growth: Volume: Imports of Goods and Services: Single Hit Scenario data remains active status in CEIC and is reported by Organisation for Economic Co-operation and Development. The data is categorized under Global Database’s Australia – Table AU.OECD.EO: GDP: Growth and Contribution to Growth: Forecast: OECD Member: Quarterly. MGSV_ANNPCT - Imports of goods and services, volume, growth (national accounts basis). Percentage change compared to the previous period. Quarterly growth expressed at annual rate.

Australia GDP: Growth: Volume: Exports of Goods and Services: Double Hit Scenario data was reported at 3.649 % in Dec 2021. This records a decrease from the previous number of 4.143 % for Sep 2021. Australia GDP: Growth: Volume: Exports of Goods and Services: Double Hit Scenario data is updated quarterly, averaging 5.106 % from Mar 1961 (Median) to Dec 2021, with 244 observations. The data reached an all-time high of 91.230 % in Dec 1962 and a record low of -45.142 % in Sep 1962. Australia GDP: Growth: Volume: Exports of Goods and Services: Double Hit Scenario data remains active status in CEIC and is reported by Organisation for Economic Co-operation and Development. The data is categorized under Global Database’s Australia – Table AU.OECD.EO: GDP: Growth and Contribution to Growth: Forecast: OECD Member: Quarterly. XGSV_ANNPCT - Exports of goods and services, volume, growth (national accounts basis). Percentage change compared to the previous period. Quarterly growth expressed at annual rate.