The Gross Domestic Product (GDP) in Australia expanded 0.60 percent in the second quarter of 2025 over the previous quarter. This dataset provides - Australia GDP Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

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.

The Gross Domestic Product (GDP) in Australia expanded 1.80 percent in the second quarter of 2025 over the same quarter of the previous year. This dataset provides - Australia GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

The latest data from show economic growth of 1.82 percent, which is an increase from the rate of growth of 1.35 percent in the previous quarter and
an increase compared to the growth rate of 0.93 percent in the same quarter last year. The economic growth time series for Australia cover the period...

Key information about Australia Real GDP Growth

• The Gross Domestic Product (GDP) in Australia expanded 1.8 % YoY in Jun 2025, following a growth of 1.4 % in the previous quarter.
• Real GDP Growth YoY data in Australia is updated quarterly, available from Sep 1960 to Jun 2025, with an average rate of 4.6 %.
• The data reached an all-time high of 10.3 % in Jun 2021 and a record low of -5.8 % in Jun 2020.

• In the latest reports, Nominal GDP of Australia reached 451.4 USD bn in Jun 2025.
• Its GDP deflator (implicit price deflator) increased 2.2 % in Jun 2025.
• GDP Per Capita in Australia reached 65,655.8 USD in Jun 2025.
• Its Gross Savings Rate was measured at 24.8 % in Jun 2025.
• For Nominal GDP contributions, Investment accounted for 25.5 % in Jun 2025.
• Public Consumption accounted for 24.0 % in Jun 2025.
• Private Consumption accounted for 51.3 % in Jun 2025.

Key information about Australia Nominal GDP Growth

• Australia Nominal GDP Growth was reported at 4.059 % in Jun 2025.
• This records an increase from the previous number of 3.711 % for Mar 2025.
• Australia Nominal GDP Growth data is updated quarterly, averaging 4.893 % from Sep 1960 to Jun 2025, with 260 observations.
• The data reached an all-time high of 23.811 % in Dec 1973 and a record low of -5.722 % in Jun 2020.
• Australia Nominal GDP Growth data remains active status in CEIC and is reported by CEIC Data.
• The data is categorized under World Trend Plus’s Global Economic Monitor – Table: Nominal GDP: Y-o-Y Growth: Quarterly: Seasonally Adjusted.

The Gross Domestic Product (GDP) in Australia was worth 1752.19 billion US dollars in 2024, according to official data from the World Bank. The GDP value of Australia represents 1.65 percent of the world economy. This dataset provides - Australia GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Full Year GDP Growth in Australia decreased to 1.50 percent in 2023 from 3.10 percent in 2022. This dataset includes a chart with historical data for Australia Full Year Gdp Growth.

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.

GDP: South Australia data was reported at 148,746.000 AUD mn in 2024. This records an increase from the previous number of 140,499.000 AUD mn for 2023. GDP: South Australia data is updated yearly, averaging 70,906.000 AUD mn from Jun 1990 (Median) to 2024, with 35 observations. The data reached an all-time high of 148,746.000 AUD mn in 2024 and a record low of 31,183.000 AUD mn in 1990. GDP: South Australia data remains active status in CEIC and is reported by Australian Bureau of Statistics. The data is categorized under Global Database’s Australia – Table AU.A167: SNA08: Gross Domestic Product and Gross Domestic Product per Capita: by State.

Australia's tourism gross domestic product (GDP) bounced back strong in 2023, recording an increase of 90.8 percent. In 2024, the country's tourism GDP increased by around 9.1 percent. After witnessing a significant decline in tourism GDP in 2020 and 2021, with tourism GDP taking a massive plunge of 36.2 percent in 2021 as a result of the coronavirus outbreak, the industry appears to be on the road to recovery. Economic contribution and employment trends Australia's tourism sector recovery is reflected in its substantial economic contribution in 2024. In the year ending June 2024, Australia's direct tourism GDP rose to approximately 75 billion Australian dollars. New South Wales continued to be a key player in the industry, with its tourism gross value added (GVA) reaching about 20 billion Australian dollars. The state also led in employment, with around 195,000 people directly employed in the tourism sector. These figures underscore the tourism industry's significance in driving economic growth and job creation across the country. International visitors fuel industry recovery The revival of Australia's tourism sector is closely tied to the return of international tourists. In 2024, the country welcomed over 7.3 million international visitor arrivals, a significant increase from the mere 140,000 visitors recorded during the height of pandemic restrictions in 2021. New Zealand residents led the way, with over 1.2 million visitors, followed by tourists from China numbering just below 750,000. This influx of international travelers contributed substantially to the Australian economy in 2024, with total trip expenditure reaching approximately 47.8 billion Australian dollars, surpassing pre-pandemic levels for the first time.

Australia GDP: Growth data was reported at 3.442 % in 2023. This records a decrease from the previous number of 4.242 % for 2022. Australia GDP: Growth data is updated yearly, averaging 3.577 % from Dec 1961 (Median) to 2023, with 63 observations. The data reached an all-time high of 7.176 % in 1970 and a record low of -2.224 % in 1983. Australia GDP: Growth data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Australia – Table AU.World Bank.WDI: Gross Domestic Product: Annual Growth Rate. Annual percentage growth rate of GDP at market prices based on constant local currency. Aggregates are based on constant 2015 prices, expressed in U.S. dollars. GDP is the sum of gross value added by all resident producers in the economy plus any product taxes and minus any subsidies not included in the value of the products. It is calculated without making deductions for depreciation of fabricated assets or for depletion and degradation of natural resources.;World Bank national accounts data, and OECD National Accounts data files.;Weighted average;

Historical dataset showing Australia economic growth by year from 1960 to 2018.

The average for 2024 based on 9 countries was 3.46 percent. The highest value was in Samoa: 9.42 percent and the lowest value was in New Zealand: -0.13 percent. The indicator is available from 1961 to 2024. Below is a chart for all countries where data are available.

The gross domestic product (GDP) per capita in Australia amounted to 65,530 U.S. dollars in 2024. Between 1980 and 2024, the GDP per capita rose by 54,520 U.S. dollars, though the increase followed an uneven trajectory rather than a consistent upward trend. The GDP per capita will steadily rise by 13,730 U.S. dollars over the period from 2024 to 2030, reflecting a clear upward trend.This indicator describes the gross domestic product per capita at current prices. Thereby, the gross domestic product was first converted from national currency to U.S. dollars at current exchange rates and then divided by the total population. The gross domestic product is a measure of a country's productivity. It refers to the total value of goods and service produced during a given time period (here a year).

In 2020, the GDP shrunk by *** percent in Australia, and inflation was at an all-time low at *** percent over the last 20 years. In 2021, the GDP is predicted to grow by *** percent, and inflation to grow by *** percent. According to the forecast, the Gross Domestic Product and inflation will grow weakly over the next five years in Australia.

In 2023, agriculture contributed around 2.57 percent to the GDP of Australia, 27.65 percent came from industry, and 63.57 percent from the services sector. The same year, the Australian inflation rate, another important key indicator for its economic situation, amounted to 2.82 percent. Why is the inflation rate important?Inflation is the steady increase in price levels for consumer goods and services during a certain timespan. The European Central Bank considers a steady inflation rate of two percent a year beneficial for a stable economy – otherwise a country risks economic hardship. In the worst case, a country can experience either hyperinflation (like Venezuela), which is the rapid increase of prices to a point of economic collapse, or deflation, which is the decrease of prices and devaluation of money that can also lead to economic collapse. Up and down under Australia’s inflation has been clawing itself out of a slump in 2016, when it unceremoniously dropped to 1.25 percent due to falling petrol costs and oil prices. The following year, it recovered instantaneously and soared back to just under two percent, and forecasts see it reaching 2.52 percent by 2021. Australians don’t seem too worried about this outlier, and rightly so, since Australia’s economy is still one of the biggest in the Asia-Pacific region and worldwide.

Australia GDP: Growth: Gross Value Added: Industry: Manufacturing data was reported at 0.159 % in 2023. This records a decrease from the previous number of 2.442 % for 2022. Australia GDP: Growth: Gross Value Added: Industry: Manufacturing data is updated yearly, averaging 1.515 % from Dec 1976 (Median) to 2023, with 48 observations. The data reached an all-time high of 6.669 % in 1988 and a record low of -8.225 % in 1983. Australia GDP: Growth: Gross Value Added: Industry: Manufacturing data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Australia – Table AU.World Bank.WDI: Gross Domestic Product: Annual Growth Rate. Annual growth rate for manufacturing value added based on constant local currency. Aggregates are based on constant 2015 prices, expressed in U.S. dollars. Manufacturing refers to industries belonging to ISIC divisions 10-33. Value added is the net output of a sector after adding up all outputs and subtracting intermediate inputs. It is calculated without making deductions for depreciation of fabricated assets or depletion and degradation of natural resources. The origin of value added is determined by the International Standard Industrial Classification (ISIC), revision 4.;World Bank national accounts data, and OECD National Accounts data files.;Weighted average;Note: Data for OECD countries are based on ISIC, revision 4.

This dataset provides values for GDP GROWTH RATE reported in several countries. The data includes current values, previous releases, historical highs and record lows, release frequency, reported unit and currency.

Economic growth, quarterly in Australia, June, 2025 The most recent value is 0.6 percent as of Q2 2025, an increase compared to the previous value of 0.26 percent. Historically, the average for Australia from Q2 1960 to Q2 2025 is 0.82 percent. The minimum of -6.75 percent was recorded in Q2 2020, while the maximum of 4.44 percent was reached in Q1 1976. | TheGlobalEconomy.com