FocusEconomics' economic data is provided by official state statistical reporting agencies as well as our global network of leading banks, think tanks and consultancies. Our datasets provide not only historical data, but also Consensus Forecasts and individual forecasts from the aformentioned global network of economic analysts. This includes the latest forecasts as well as historical forecasts going back to 2010. Our global network consists of over 1000 world-renowned economic analysts from which we calculate our Consensus Forecasts. In this specific dataset you will find economic data for Australia Current Account.

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.

Up until two decades ago, the steel industry in Australia was considered to be one of the strongest pillars of its economy. However, over the years, the industry has faced strong competition from overseas firms mainly in China, India and Japan, which have especially benefitted from the lower operational costs and worker wages. As a result domestic production has declined and employment levels within the sector have fallen nearly 26 percent between 2006-2015, as per the official data from the Australian Parliament House. Therefore, industry revenues are projected to decline from 10.9 billion U.S. dollars in 2011 to 6.8 billion U.S. dollars by 2023. In 2018, crude steel production in Australia amounted to 6.9 million tonnes, a 14 percent decline as compared to the previous year, as per data from wordsteel.org. In comparison, China was the global leader, with an annual production of 928 million tonnes, accounting for over 50 percent of the worldwide share. Unsurprisingly, it was also the leading steel exporter during the same period, with over 68 million metric tons of steel exported worldwide.

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.

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.

Australia GDP: Northern Territory data was reported at 33,132.000 AUD mn in 2024. This records an increase from the previous number of 33,059.000 AUD mn for 2023. Australia GDP: Northern Territory data is updated yearly, averaging 14,559.000 AUD mn from Jun 1990 (Median) to 2024, with 35 observations. The data reached an all-time high of 33,132.000 AUD mn in 2024 and a record low of 4,269.000 AUD mn in 1990. Australia GDP: Northern Territory 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.

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.

This forecast statistic shows the sales and services income of petroleum refining and fuel manufacture in Australia from 2010 to 2014, with forecasts up until 2020. By 2016, sales and services incomes of petroleum refining and fuel manufacture in Australia are projected to reach approximately 12.82 billion U.S. dollars.

Key information about Australia Economic Policy Uncertainty Index

• Australia Economic Policy Uncertainty Index was reported at 134.660 Index in Jan 2025.
• This records a decrease from the previous number of 221.221 Index for Dec 2024.
• Australia Economic Policy Uncertainty Index data is updated monthly, averaging 96.435 Index from Jan 1997 to Jan 2025, with 337 observations.
• The data reached an all-time high of 337.044 Index in Aug 2011 and a record low of 25.662 Index in Jan 2007.
• Australia Economic Policy Uncertainty Index data remains active status in CEIC and is reported by Economic Policy Uncertainty.
• The data is categorized under World Trend Plus’s Economic Policy Uncertainty Index – Table: Economic Policy Uncertainty Index: By Country.

The Australian fisheries economic indicators report expands on and takes the place of the long running ABARES Australian fisheries surveys report. The report presents results from ABARES' fishery surveys on financial returns to fishers and net economic returns from fisheries to the Australian community. The report includes a range of other economic indicators, including productivity analysis.

This report covers the Commonwealth Trawl Sector (CTS), and the Gillnet, Hook and Trap Sector (GHTS) of the Southern and Eastern Scalefish and Shark Fishery (SESSF), with new results for financial years 2011-12, 2012-13 and 2013-14.

Key issues
• Profit at full equity - an estimate of profits based on all assets being fully owned by operators - has decreased since 2008-09, from $267 000 to $205 000 in 2012-13. In the Gillnet, Hook and Trap Sector, it has fallen from $200 000 in 2008-09 to $15 000 in 2012-13. This indicator assumes that all assets are fully owned by operators, and includes income from all sources. • Net economic return in the Commonwealth Trawl Sector has declined from $7.3 million in 2010-11 to an estimated $1.4 million in 2013-14. Net economic returns in the Gillnet, Hook and Trap Sector has declined from $7.2 million to an estimated -$4.4 million in 2013-14. • The decline in net economic returns in both sectors may suggest that the total allowable catch settings may be misaligned with the Harvest Strategy Policy target of achieving maximum economic yield from the fishery.

This forecast statistic shows the sales and services income of rigid and semi rigid polymer product manufacture in Australia from 2010 to 2014, with forecasts up until 2020. By 2016, sales and services incomes of rigid and semi rigid polymer product manufacture in Australia are projected to reach approximately 3.81 billion U.S. dollars.

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 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.

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.

Inflation Rate in Australia remained unchanged at 2.40 percent in the first quarter of 2025 from 2.40 percent in the fourth quarter of 2024. This dataset provides the latest reported value for - Australia Inflation Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Tables and data underlying all chapters and appendices included in 2015-16 Budget Paper Number 3 - Economic and Fiscal Outlook. Includes data from chapters as follows: Chapter 1: Overview Chapter 2: The Western Australian Economy Chapter 3: Financial Projections and Fiscal Strategy Chapter 4: General Government Revenue Chapter 5: General Government Expenses Chapter 6: Asset Investment Chapter 7: Royalties for Regions Appendix 1: Detailed Financial Projections Appendix 2: General Government Operating Revenue Appendix 3: 2014-15 General Government Operating Revenue Appendix 4: The Treasurer's Advance Appendix 5: Special Purpose Accounts Appendix 6: State Government Social Concessions Expenditure Statement Appendix 7: Asset Investment Program - Summary of Expenditure and Source of Funds Appendix 8: Public Corporations - Impact on General Government Revenue and Expenses Appendix 9: Tariffs, Fees and Charges Appendix 10: Tax and Royalty Expenditure Statement Appendix 11: Allocation of Asset Investment Program Efficiency Savings

Merchandise imports by the reporting economy (current US$) in Australia was reported at 287887347807 USD in 2023, according to the World Bank collection of development indicators, compiled from officially recognized sources. Australia - Merchandise imports by the reporting economy - actual values, historical data, forecasts and projections were sourced from the World Bank on July of 2025.

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.

Tables and data underlying all chapters and appendices included in 2014-15 Budget Paper Number 3 - Economic and Fiscal Outlook. Includes data from chapters as follows: Chapter 1: Overview Chapter 2: The Western Australian Economy Chapter 3: Financial Projections and Fiscal Strategy Chapter 4: General Government Revenue Chapter 5: General Government Expenses Chapter 6: Asset Investment Chapter 7: Royalties for Regions Appendix 1: Detailed Financial Projections Appendix 2: General Government Operating Revenue Appendix 3: 2013-14 General Government Operating Revenue Appendix 4: The Treasurer's Advance Appendix 5: Special Purpose Accounts Appendix 6: State Government Social Concessions Expenditure Statement Appendix 7: Asset Investment Program - Summary of Expenditure and Source of Funds Appendix 8: Public Corporations - Impact on General Government Revenue and Expenses Appendix 9: Tariffs, Fees and Charges Appendix 10: Tax and Royalty Expenditure Statement

IBISWorld explores the outlook for the Australian economy in 2020-21, identifying the key industries to watch in the ongoing COVID-19 pandemic.

This dataset presents the footprint of economic activity for Australia's capital cities. The data is aggregated to Statistical Area Level 2 (SA2) from the 2011 Australian Statistical Geography Standard (ASGS) and spans the year of 2014. This data has been created by the Grattan Institute for the Mapping Australia's Economy: Cities as Engines of Prosperity Report, Kelly, J-F., Donegan, P., Chisholm, C., & Oberklaid, M. published 20 July 2014. The report maps the Australian economy by the location of economic activity, defined as the dollar value of goods and services produced by workers within a particular area. It finds that economic activity is concentrated most heavily in the central business districts (CBDs) and inner areas of large cities. For more information including the data creation methodology, please refer to the Mapping Australia's Economy: Cities as Engines of Prosperity Report. Please note: AURIN has spatially enabled the original data using the ASGS 2011 SA2 Digital Boundaries.