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 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.

In 2024, the share of the global gross domestic product (GDP) adjusted for purchasing power parity (PPP) in Australia amounted to 0.96 percent. Between 1980 and 2024, the figure dropped by 0.19 percentage points, though the decline followed an uneven course rather than a steady trajectory. The share is forecast to decline by 0.05 percentage points from 2024 to 2030, fluctuating as it trends downward.This indicator describes the share of a country's gross domestic product in the global gross domestic product. To this end the GDP (indicating the total value of final goods and services produced during a year) has been adjusted for purchasing power parity and set in relation to the purchasing power adjusted global GDP value.

The ratio of national debt to gross domestic product (GDP) of Australia amounted to approximately 49.83 percent in 2024. Between 1989 and 2024, the ratio rose by around 32.81 percentage points, though the increase followed an uneven trajectory rather than a consistent upward trend. The ratio is forecast to decline by about 0.81 percentage points from 2024 to 2030, fluctuating as it trends downward.The general government gross debt consists of all liabilities that require payment or payments of interest and/or principal by the debtor to the creditor at a date or dates in the future. Here it is depicted in relation to the country's GDP, which refers to the total value of goods and services produced during a year.

Australia General Government: Primary Balance: % of GDP data was reported at -0.980 % in 2030. This records a decrease from the previous number of -0.743 % for 2029. Australia General Government: Primary Balance: % of GDP data is updated yearly, averaging -0.913 % from Dec 1991 (Median) to 2030, with 40 observations. The data reached an all-time high of 1.926 % in 2000 and a record low of -7.832 % in 2020. Australia General Government: Primary Balance: % of GDP data remains active status in CEIC and is reported by International Monetary Fund. The data is categorized under Global Database’s Australia – Table AU.IMF.FM: Government Finance Statistics.

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).

Australia General Government: Revenue: % of GDP data was reported at 36.130 % in 2030. This records an increase from the previous number of 36.122 % for 2029. Australia General Government: Revenue: % of GDP data is updated yearly, averaging 35.226 % from Dec 1991 (Median) to 2030, with 40 observations. The data reached an all-time high of 36.885 % in 1999 and a record low of 29.312 % in 1992. Australia General Government: Revenue: % of GDP data remains active status in CEIC and is reported by International Monetary Fund. The data is categorized under Global Database’s Australia – Table AU.IMF.FM: Government Finance Statistics.

The Finance sector's operating environment was previously characterised by record-low interest rates. Nonetheless, high inflation prompted the Reserve Bank of Australia (RBA) to hike the cash rate from May 2022 onwards. This shift allowed financial institutions to impose higher loan charges, propelling their revenue. Banks raised interest rates quicker than funding costs in the first half of 2022-23, boosting net interest margins. However, sophisticated competition and digital disruption have reshaped the sector and nibbled at the Big Four's dominance, weighing on ADIs' performance. In the first half of 2025, the fierce competition has forced ADIs to trim lending rates even ahead of RBA moves to protect their slice of the mortgage market. Higher cash rates initially widened net interest margins, but the expiry of cheap TFF funding and a fierce mortgage war are now compressing spreads, weighing on ADIs' profitability. Although ANZ's 2024 Suncorp Bank takeover highlights some consolidation, the real contest is unfolding in tech. Larger financial institutions are combatting intensified competition from neobanks and fintechs by upscaling their technology investments, strengthening their strategic partnerships with cloud providers and technology consulting firms and augmenting their digital offerings. Notable examples include the launch of ANZ Plus by ANZ and Commonwealth Bank's Unloan. Meanwhile, investor demand for rental properties, elevated residential housing prices and sizable state-infrastructure pipelines have continued to underpin loan growth, offsetting the drag from weaker mortgage affordability and volatile business sentiment. Overall, subdivision revenue is expected to rise at an annualised 8.3% over the five years through 2024-25, to $524.6 billion. This growth trajectory includes an estimated 4.8% decline in 2024-25 driven by rate cuts in 2025, which will weigh on income from interest-bearing assets. The Big Four banks will double down on technology investments and partnerships to counter threats from fintech startups and neobanks. As cybersecurity risks and APRA regulations evolve, financial institutions will gear up to strengthen their focus on shielding sensitive customer data and preserving trust, lifting compliance and operational costs. In the face of fierce competition, evolving regulations and shifting customer preferences, consolidation through M&As is poised to be a viable trend for survival and growth, especially among smaller financial institutions like credit unions. While rate cuts will challenge profitability within the sector, expansionary economic policies are poised to stimulate business and mortgage lending activity, presenting opportunities for strategic growth in a dynamic market. These trends are why Finance subdivision revenue is forecast to rise by an annualised 1.1% over the five years through the end of 2029-30, to $554.9 billion

The University and Other Higher Education industry is grappling with the post-pandemic landscape. The COVID-19 outbreak significantly shifted the industry's demand and delivery methods. Social distancing requirements and operational constraints caused most universities to pivot online. Remote learning has remained embedded into teaching post-pandemic, providing convenience for students and profitability benefits for universities. A heightened focus on research during the pandemic offset revenue lost from declines in tuition fees. This trend has been slowing and is under additional threat from a US Government that appears intent on reducing its funding for foreign-based research, to the detriment of Australian institutions. The industry's labour market has been volatile as the pandemic pushed universities to increasingly casualise their workforces. Controversies over underpayment have led to reputational damage and strikes among major Australian universities. Melbourne University's enforceable agreement with the Fair Work Ombudsman to pay more than $72.0 million to over 25,000 staff highlights the magnitude of these disputes. Economic and demographic factors have aided the industry's post-pandemic recovery despite these pressures. A depreciating Australian dollar has benefited returning international students, while growth in the population of people aged 18 to 25 has bolstered domestic enrolments. Lower secondary school retention rates, slipping during the pandemic, are dampening this growth. Overall, revenue is expected to drop at an annualised 1.9% to an estimated $38.8 billion over the five years through 2024-25. This trend includes a 0.6% drop in revenue anticipated for 2024-25. The outlook for the industry is promising, driven by changing labour market conditions and demographic trends. Stricter visa requirements to control migration will pose challenges. However, the industry will face these constrictions by constructing new student accommodation facilities, allowing institutions to enrol international students beyond their designated cap. The consolidation of the University of Adelaide and the University of South Australia into Adelaide University in 2026 will intensify competition for enrolments, particularly from international students, given its ambitious ranking goals. These factors mean revenue is forecast to climb at an annualised 2.1% to $43.1 billion through the end of 2029-30.

Australia General Government: Balance: % of Potential GDP: Cyclically Adjusted data was reported at -2.525 % in 2030. This records a decrease from the previous number of -2.398 % for 2029. Australia General Government: Balance: % of Potential GDP: Cyclically Adjusted data is updated yearly, averaging -2.165 % from Dec 1992 (Median) to 2030, with 39 observations. The data reached an all-time high of 1.631 % in 2006 and a record low of -8.341 % in 2020. Australia General Government: Balance: % of Potential GDP: Cyclically Adjusted data remains active status in CEIC and is reported by International Monetary Fund. The data is categorized under Global Database’s Australia – Table AU.IMF.FM: Government Finance Statistics.

The statistic shows the inflation rate in Australia from 1987 to 2023, with projections up until 2030. The inflation rate is calculated using the price increase of a defined product basket. This product basket contains products and services, on which the average consumer spends money throughout the year. They include expenses for groceries, clothes, rent, power, telecommunications, recreational activities and raw materials (e.g. gas, oil), as well as federal fees and taxes. In 2023, the average inflation rate in Australia was at about 5.62 percent compared to the previous year. Australia's economy Australia has one of the world’s largest economies and is a significant global importer and exporter. It is also labeled as one of the G20 countries, also known as the Group of Twenty, which consists of 20 major economies around the globe. The Australian economy is highly dependent on its mining sector as well as its agricultural sector in order to grow, and it exports the majority of these goods to eastern Asian countries, most prominently China. Large quantities of exports have helped Australia maintain a stable economy and furthered economic expansion, despite being affected by several economic obstacles. Australia’s GDP has seen a significant increase over the past decade, more than doubling its value, and experienced a rather quick recovery from the 2008 financial crisis, which indicates that the country experienced economic growth as well as higher productivity. One of the primary reasons is the further development of the nation’s mining industry coupled with the expansion and success of many Australian mining companies.

Australia Outplacement Services Market size was valued at USD 197.97 Million in 2023 and is projected to reach USD 280.60 Million by 2030, growing at a CAGR of 5.5% from 2024 to 2030.

Australia Outplacement Services Market Drivers

Economic Conditions: The demand for outplacement services is directly impacted by economic factors such as unemployment rates, company closures, restructuring, and industry-specific issues. Organizations may need to reduce staff during times of economic recession or industry upheaval, which raises the need for outplacement services to help displaced workers find new jobs.

Corporate Restructuring and Mergers & Acquisitions: These events frequently lead to workforce transformations, such as layoffs, job displacement, and redundancies. They also commonly result in organizational restructuring, mergers, acquisitions, and divestitures. Businesses that are restructuring may hire outplacement companies to help affected employees with their career transitions, help with their job searches, help drafting resumes, and interview coaching.

Shifting social trends have significantly influenced the Restaurants industry's performance over recent years. Consumers' busy lifestyles and high workloads have driven demand for restaurant meals, as well as takeaway and delivery services. Restaurants allow consumers to combine dining with leisure and avoid spending time on food preparation. Rising demand for food delivery platforms like Uber Eats, which enable time-poor consumers to purchase home-delivered, restaurant-quality food, has also supported industry revenue. Despite tight discretionary incomes and recent cost-of-living pressures, Australian consumers have continued to prioritise eating restaurant meals, as they view them as affordable indulgences. However, industry businesses are struggling with elevated operational costs, including high input, rent and energy expenses. Labour shortages have also plagued the industry, with restaurants facing significant retention gaps. These challenges, along with intense competitive pressures, have eroded the industry’s profitability, compelling some businesses to exit the industry. Nonetheless, the total number of enterprises in the industry has increased over the past five years as dynamic consumer preferences have created several niches for restaurants to cater to. Overall, industry revenue is expected to have soared at an annualised 8.2% over the five years through 2025-26 to $26.2 billion. This includes a moderate anticipated rise of 0.4% in 2025-26. Reeling from the economic challenges of the past five years, restaurants are set to diversify their revenue streams by expanding their service offerings to include merchandise and live events over the coming years. Restaurants are forecast to focus on improving operational efficiencies to limit costs and boost their profit margins. This includes adopting integrated technological advancements that will enhance the overall dining experience for customers. There will also be a focus on sustainability efforts as Australian consumers become more discerning about their environmental choices. Overall, industry revenue is projected to increase at an annualised 2.0% over the five years through 2030-31 to reach $28.9 billion.

Australia General Government: Primary Balance: % of Potential GDP: Cyclically Adjusted data was reported at -1.524 % in 2030. This records a decrease from the previous number of -1.389 % for 2029. Australia General Government: Primary Balance: % of Potential GDP: Cyclically Adjusted data is updated yearly, averaging -1.225 % from Dec 1992 (Median) to 2030, with 39 observations. The data reached an all-time high of 1.998 % in 2000 and a record low of -7.473 % in 2020. Australia General Government: Primary Balance: % of Potential GDP: Cyclically Adjusted data remains active status in CEIC and is reported by International Monetary Fund. The data is categorized under Global Database’s Australia – Table AU.IMF.FM: Government Finance Statistics.

Lingering post-pandemic market adjustments and a turbulent cash rate environment have reshaped the Office Property Operators industry, contributing to a decline in demand for conventional office space. The shift towards hybrid work has left secondary-grade assets vulnerable to higher vacancies and declining rents. In contrast, premium and A-grade buildings in prime CBD areas have remained comparatively resilient, supported by corporate tenants seeking central, efficient and sustainable workplaces. With foreign capital subdued under scrutiny from the Foreign Investment Review Board and investment activity remaining uncertain, domestic institutions and superannuation funds seeking long-term stability are increasingly driving the industry’s performance. Overall, industry revenue is expected to plummet at an annualised 5.3% over the past five years to total $31.7 billion in 2025-26, when revenue is anticipated to increase 3.4%. Industry profitability has weakened over the past five years as office property operators have absorbed sharp valuation declines and rising finance, insurance and construction costs. The RBA’s rapid rate increases between 2022 and 2023 heightened refinancing risks and lifted debt servicing costs, particularly for leveraged owners of older assets. Direct property returns in 2023-24 were at their lowest in more than a decade, reflecting widespread write-downs. Insurers have also raised premiums and reduced coverage following major flood and storm losses, forcing operators to allocate more capital to asset protection and fit-out resilience. These higher expenses have compressed margins despite some recovery in rental income across prime locations. Looking ahead, Australia’s forecast improving economic conditions will offer both benefits and hurdles for the Office Property Operators industry. A revival in business confidence and easing monetary policy are set to drive domestic investment, although demand for flexible workspaces will continue to challenge traditional leasing models. Developers and office property owners are responding by upgrading premium assets with modern amenities targeted at evolving tenant needs. Additionally, policy adjustments from the Foreign Investment Review Board are set to reawaken interest from foreign and institutional investors, prompting an inflow of capital into the industry. This combination of factors is projected to culminate in forecast annualised revenue growth of 2.1% over the five years through 2030-31 to reach $35.2 billion.

The Horse Farming industry has faced challenging trading conditions in recent years as a tempered economic recovery in 2022 reduced individuals' willingness to invest in a horse. High interest rates, reduced household discretionary income and the rising costs of training and care have deterred buyers, with two of the leading auctions, The Inglis Classic Sale and Magic Millions, recording the lowest sales volumes since 2018 for the month of January 2025, and the first decline in syndicate participation in five years. The market has become increasingly reliant on premium stallion sales. While overall transaction volumes have fallen, elite bloodstock continues to command record-breaking prices, with demand heavily concentrated at the top end of the market. This reliance on a small pool of proven sires leaves industry revenue highly exposed to fluctuations in top-tier stallions' availability and performance. Overall, industry revenue is expected to fall at an annualised rate of 3.5% over the past five years to total $1.47 billion in 2025-26, when revenue is anticipated to contract by 0.4%. Rising wage costs and higher insurance premiums are placing significant strain on a highly fragmented industry, where most breeders operate on a small scale with limited capacity to spread costs. Many smaller participants have been forced out, reflected in declining enterprise numbers for the past three years, as they face the financial risk of unsold horses at auction. In contrast, larger studs with established pedigrees continue to benefit from market polarisation, with top-end horses breaking price records and sustaining overall industry profitability. The industry is forecast to remain relatively stagnant over the next few years. Australia’s reputation for producing high-quality racehorses will continue to underpin demand from both domestic and international buyers, supporting steady export growth. Online betting's rising popularity is set to boost prize money across the racing sector, creating further incentives for investment in premium horses and driving strong prices at the top end of the market. Industry revenue is forecast to inch up at an annualised 0.1% over the five years through 2030-31, to total $1.48 billion.

Mixed weather, rising import penetration and economic pressures have stifled the Floriculture Production industry's performance. The pandemic, followed by floods across Australia in 2022-23, negatively affected demand and production volumes. Inflationary pressures followed, leading to lower discretionary income, which has reduced spending on industry products. Rising import volumes from countries like Malaysia and Kenya, which offer competing products at lower prices, compound these negative factors. Revenue is expected to slip by an annualised 4.8% over the five years through 2024-25 to $249.5 million. This trend includes an estimated dip of 0.8% in the current year, as intense import competition and lower household discretionary incomes restrict domestic sales. The industry has faced rising input costs. Industry purchases, including fertilisers, mulch and irrigation materials, have seen significant cost increases over the past five years, with a notable surge in 2022-23 because of the Russia-Ukraine war. Despite these challenges and mounting price competition from low-cost imports, industry profitability has remained stable. Growers have mitigated cost pressures by enhancing productivity through automated systems and focusing on high-margin decorative arrangements. Large retailers and supermarkets increasingly dominate the market, opting for direct supply agreements and bypassing traditional wholesale channels, slightly aiding growers' bottom line. Favourable forecast economic conditions are poised to support industry growth over the next five years. This includes rising consumer sentiment and climbing discretionary income resulting from easing inflation. Consumers' preference for non-essential items like traditional flowers will boost spending, particularly through supermarkets and convenience stores that offer competitive prices. This increased spending is set to attract new entrants, fostering industry expansion. This combination of factors is forecast to culminate in annualised growth of 1.2% over the five years through 2029-30 to $265.0 million. A projected appreciation of the Australian dollar will make imports less costly while negatively affecting export competitiveness, slightly constraining growth. However, growing demand for Australian native plants in Asia and support from initiatives like the Export Market Development Grants will help smaller growers navigate export challenges.

Australia General Government: Gross Debt: % of GDP data was reported at 49.022 % in 2030. This records a decrease from the previous number of 49.037 % for 2029. Australia General Government: Gross Debt: % of GDP data is updated yearly, averaging 30.566 % from Dec 1991 (Median) to 2030, with 40 observations. The data reached an all-time high of 57.092 % in 2020 and a record low of 9.665 % in 2007. Australia General Government: Gross Debt: % of GDP data remains active status in CEIC and is reported by International Monetary Fund. The data is categorized under Global Database’s Australia – Table AU.IMF.FM: Government Finance Statistics.

Australia General Government: Expenditure: % of GDP data was reported at 38.111 % in 2030. This records an increase from the previous number of 37.874 % for 2029. Australia General Government: Expenditure: % of GDP data is updated yearly, averaging 36.438 % from Dec 1991 (Median) to 2030, with 40 observations. The data reached an all-time high of 44.444 % in 2020 and a record low of 32.817 % in 1997. Australia General Government: Expenditure: % of GDP data remains active status in CEIC and is reported by International Monetary Fund. The data is categorized under Global Database’s Australia – Table AU.IMF.FM: Government Finance Statistics.

In 2020, the economic contribution of the tech sector in Australia totaled *** billion Australian dollars. The largest portion of this came from businesses in other sectors adopting technology. The size of the tech sector was forecast to increase to *** billion Australian dollars by 2030.