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.

Monthly and long-term Australia economic indicators data: historical series and analyst forecasts curated by FocusEconomics.

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 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.

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.

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.

Australia Potential Output of Total Economy data was reported at 2,976.717 AUD bn in 2026. This records an increase from the previous number of 2,849.006 AUD bn for 2025. Australia Potential Output of Total Economy data is updated yearly, averaging 995.867 AUD bn from Dec 1985 (Median) to 2026, with 42 observations. The data reached an all-time high of 2,976.717 AUD bn in 2026 and a record low of 248.404 AUD bn in 1985. Australia Potential Output of Total Economy 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: Potential Output and Output Gap: Forecast: OECD Member: Annual. GDPTR - Potential output, nominal value OECD calculation, see OECD Economic Outlook database documentation

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 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.

View yearly updates and historical trends for Australia GDP Per Capita Outlook. Source: International Monetary Fund. Track economic data with YCharts anal…

This forecast statistic shows the sales and services income of meat processing in Australia from 2010 to 2014, with forecasts up until 2020. By 2016, sales and services incomes of meat processing in Australia are projected to reach approximately 18.46 billion U.S. dollars.

View yearly updates and historical trends for Australia GDP Outlook. Source: International Monetary Fund. Track economic data with YCharts analytics.

Leading Economic Index Australia increased 0.10 percent in October of 2025 over the same month in the previous year. This dataset provides the latest reported value for - Australia Leading Economic Index - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Australia GDP: Net Exports of Goods and Services data was reported at 36.943 AUD bn in Dec 2026. This records an increase from the previous number of 36.460 AUD bn for Sep 2026. Australia GDP: Net Exports of Goods and Services data is updated quarterly, averaging -0.693 AUD bn from Mar 1960 (Median) to Dec 2026, with 268 observations. The data reached an all-time high of 174.717 AUD bn in Jun 2022 and a record low of -45.662 AUD bn in Dec 2015. Australia GDP: Net Exports of Goods and Services 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 by Expenditure: Forecast: OECD Member: Quarterly. FBGS - Net exports of goods and services, nominal value (national accounts basis) OECD calculation, see OECD Economic Outlook database documentation

Monthly and long-term Australia External Debt (% of GDP) data: historical series and analyst forecasts curated by FocusEconomics.

The Gross Domestic Product per capita in Australia was last recorded at 61211.90 US dollars in 2024. The GDP per Capita in Australia is equivalent to 485 percent of the world's average. This dataset provides - Australia GDP per capita - actual values, historical data, forecast, chart, statistics, economic calendar and news.

View yearly updates and historical trends for Australia Real GDP YoY Outlook. Source: International Monetary Fund. Track economic data with YCharts analyt…

Explore real GDP growth projections dataset, including insights into the impact of COVID-19 on economic trends. This dataset covers countries such as Spain, Australia, France, Italy, Brazil, and more.

growth rate, Real, COVID-19, GDP

Spain, Australia, France, Italy, Brazil, Argentina, United Kingdom, United States, Canada, Russia, Turkiye, World, China, Mexico, Korea, India, Saudi Arabia, South Africa, Germany, Indonesia, JapanFollow data.kapsarc.org for timely data to advance energy economics research..Source: OECD Economic Outlook database.- India projections are based on fiscal years, starting in April. The European Union is a full member of the G20, but the G20 aggregate only includes countries that are also members in their own right. Spain is a permanent invitee to the G20. World and G20 aggregates use moving nominal GDP weights at purchasing power parities. Difference in percentage points, based on rounded figures.

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

View yearly updates and historical trends for Australia and New Zealand GDP Per Capita Outlook. Source: International Monetary Fund. Track economic data w…