The Gross Domestic Product (GDP) in Australia expanded 0.20 percent in the first 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 latest data from show economic growth of 1.34 percent, which is an increase from the rate of growth of 1.25 percent in the previous quarter and
an increase compared to the growth rate of 1.16 percent in the same quarter last year. The economic growth time series for Australia cover the period...

The Gross Domestic Product (GDP) in Australia expanded 1.30 percent in the first 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.

Australia: Economic growth forecast: The latest value from 2030 is 2.27 percent, a decline from 2.29 percent in 2029. In comparison, the world average is 3.25 percent, based on data from 182 countries. Historically, the average for Australia from 1980 to 2030 is 2.91 percent. The minimum value, -1.96 percent, was reached in 2020 while the maximum of 6.35 percent was recorded in 1984.

AU: GDP: Growth: GNI per Capita data was reported at 0.368 % in 2023. This records a decrease from the previous number of 2.669 % for 2022. AU: GDP: Growth: GNI per Capita data is updated yearly, averaging 2.499 % from Dec 1961 (Median) to 2023, with 63 observations. The data reached an all-time high of 6.494 % in 1964 and a record low of -3.465 % in 1983. AU: GDP: Growth: GNI per Capita 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 GNI per capita based on constant local currency. Aggregates are based on constant 2010 U.S. dollars. GNI per capita is gross national income divided by midyear population. GNI (formerly GNP) is the sum of value added by all resident producers plus any product taxes (less subsidies) not included in the valuation of output plus net receipts of primary income (compensation of employees and property income) from abroad.;World Bank national accounts data, and OECD National Accounts data files.;Weighted average;

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.

In Australia, according to a survey conducted in 2023, 59 percent of respondents were optimistic about Australia's economic performance over the next five years. Only three percent of those surveyed were very optimistic about the future economic performance of the country.

Key information about Australia Real GDP Growth

• The Gross Domestic Product (GDP) in Australia expanded 2.7 % YoY in Dec 2022, following a growth of 5.9 % in the previous quarter.
• Real GDP Growth YoY data in Australia is updated quarterly, available from Sep 1960 to Dec 2022, with an average rate of 3.2 %.
• 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 414.7 USD bn in Dec 2022.
• Its GDP deflator (implicit price deflator) increased 9.1 % in Dec 2022.
• GDP Per Capita in Australia reached 65,005.8 USD in Jun 2022.
• Its Gross Savings Rate was measured at 29.6 % in Dec 2022.
• For Nominal GDP contributions, Investment accounted for 23.7 % in Dec 2022.
• Public Consumption accounted for 20.4 % in Dec 2022.
• Private Consumption accounted for 49.9 % in Dec 2022.

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 average for 2025 based on 12 countries was 2.99 percent. The highest value was in Palau: 5.74 percent and the lowest value was in Micronesia: 1.09 percent. The indicator is available from 1980 to 2030. Below is a chart for all countries where data are available.

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.

The Australian fisheries economic indicators report expands on and takes the place of the long running ABARES Australian fisheries surveys report. The information and analysis contained in these …Show full descriptionThe Australian fisheries economic indicators report expands on and takes the place of the long running ABARES Australian fisheries surveys report. The information and analysis contained in these reports are accessed by policy makers, managers, researchers and industry. Alongside the usual detailed information about the financial performance of the average vessel and the overall economic performance of the fishery, this report also provides analysis of additional economic indicators for the Eastern Tuna and Billfish Fishery (ETBF). The construction of these indicators draw upon the data collected through the fisheries survey program. Together with the financial and economic performance information, these indicators help to form a comprehensive picture of the economic performance of the ETBF over a number of years. This report presents results of the 2014 Eastern Tuna and Billfish Fishery survey, comprising survey based estimates of financial and economic performance for the 2011-12 and 2012-13 financial years, as well as non-survey based estimates of economic performance for the fishery in the 2013-14 financial year. Other indicators presented in the report include the productivity index, input costs and output prices and management costs. Key issues • Profit at full equity, a profit indicator that assumes all assets are fully owned by operators, for the average ETBF operator was positive in 2011-12 and 2012-13, but declined for the average boat in the fishery from $139 612 to $86 492. • The decline in profit at full equity is primarily attributable to higher total cash costs, driven by increased spending on fuel. • Net economic returns (including management costs) for the fishery fell from $2.9 million in 2011-12 to $0.2 million in 2012-13. • Lower net economic returns in 2012-13 were mainly a result of a larger decline in fishing income relative to falling fishing costs, reflecting less vessels operating in the fishery in 2012-13. • In 2013-14 the preliminary net economic returns were estimated to fall further to $0.1 million. The estimated slight reduction in net economic returns in 2013-14 is mostly driven by higher operating costs and a relatively small increase in fishing income.

Key information about Australia Nominal GDP Growth

• Australia Nominal GDP Growth was reported at 3.708 % in Dec 2024.
• This records an increase from the previous number of 3.512 % for Sep 2024.
• Australia Nominal GDP Growth data is updated quarterly, averaging 7.887 % from Sep 1960 to Dec 2024, with 258 observations.
• The data reached an all-time high of 23.811 % in Dec 1973 and a record low of -5.734 % 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.

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's tourism gross domestic product (GDP) bounced back strong in 2023, recording an increase of 90.8 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. The state of the tourism industry in 2021 The coronavirus pandemic had an enormous negative effect on the travel and tourism industry worldwide. In Australia, all major tourism-related industries reported a decline in GVA on the previous year. International visitors were also restricted from entering the country, resulting in a significant drop in revenue from international visitors. China, as the origin of the COVID-19 virus, was the first country to be subjected to travel bans. This was particularly damaging to the Australian economy due to the high volume of Chinese visitors that visit Australia for work, leisure, and study. Hopes for a trans-Tasman travel bubble  Just as visitors to Australia were restricted, international travel for Australians became increasingly limited throughout 2020 and 2021. However, with New Zealand’s success at containing the virus, and incidents of COVID-19 in Australia declining at the end of April, the two countries opened negotiations for a “trans-Tasman travel bubble”. The concept would open travel for Australian and New Zealand residents across the Tasman sea, without the need to undergo quarantine in Australia or New Zealand. Unfortunately, after a second wave outbreak of coronavirus in Melbourne and subsequent outbreaks later in the year, the trans-Tasman bubble did not come to pass in 2020.

Economic growth, quarterly in Australia, March, 2025 The most recent value is 0.2 percent as of Q1 2025, a decline compared to the previous value of 0.6 percent. Historically, the average for Australia from Q1 1960 to Q1 2025 is 0.82 percent. The minimum of -6.7 percent was recorded in Q2 2020, while the maximum of 4.4 percent was reached in Q1 1976. | TheGlobalEconomy.com

Over the next few years, the Australia’s printing industry is expected to face challenging times to maintain its current revenue stream, if not adding more. According to Statista’s latest estimates, the industry is likely to register a slight decline in revenue over the next few years. The two largest contributors, advertising and media, have both shifted their bets on digital channels, reducing demand for printing. Preference towards digital contents is undoubtably reshaping the industry dynamics with many legacy print service providers adopting digital platforms. Other revenue component, such as banking forms and retail catalogs, are also in low demand due to the increased prevalence of digital banking and e-commerce. Digital disruption hurting legacy players The increase in mobile internet penetration over the years has led to a surge in the demand for digital news contents in Australia. Although this trend has been instrumental for the growth in the advertisement revenue for digital channels, it has an adverse impact on the same for print media and in turn led to the decline in overall market for traditional newspaper printing organizations.

Graph and download economic data for Composite Leading Indicators: Reference Series (GDP) Calendar and Seasonally Adjusted for Australia (LORSGPORAUQ659S) from Q1 1961 to Q2 2023 about leading indicator, Australia, and GDP.

Australia GDP: Victoria data was reported at 606,096.000 AUD mn in 2024. This records an increase from the previous number of 572,229.000 AUD mn for 2023. Australia GDP: Victoria data is updated yearly, averaging 261,500.000 AUD mn from Jun 1990 (Median) to 2024, with 35 observations. The data reached an all-time high of 606,096.000 AUD mn in 2024 and a record low of 104,702.000 AUD mn in 1992. Australia GDP: Victoria 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.