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 United Kingdom's economy grew by 1.1 percent in 2024, after a growth rate of 0.4 percent in 2023, 4.8 percent in 2022, 8.6 percent in 2021, and a record 10.3 percent fall in 2020. During the provided time period, the biggest annual fall in gross domestic product before 2020 occurred in 2009, when the UK economy contracted by 4.6 percent at the height of the global financial crisis of the late 2000s. Before 2021, the year with the highest annual GDP growth rate was 1973, when the UK economy grew by 6.5 percent. UK economy growing but GDP per capita falling In 2022, the UK's GDP per capita amounted to approximately 37,371 pounds, with this falling to 37,028 pounds in 2023, and 36,977 pounds in 2024. While the UK economy as a whole grew during this time, the UK's population grew at a faster rate, resulting in the negative growth in GDP per capita. This suggests the UK economy's struggles with productivity are not only stagnating, but getting worse. The relatively poor economic performance of the UK in recent years has not gone unnoticed by the electorate, with the economy consistently seen as the most important issue for voters since 2022. Recent shocks to UK economy In the second quarter of 2020, the UK economy shrank by a record 20.3 percent at the height of the COVID-19 pandemic. Although there was a relatively swift economic recovery initially, the economy has struggled to grow much beyond its pre-pandemic size, and was only around 3.1 percent larger in December 2024, when compared with December 2019. Although the labor market has generally been quite resilient during this time, a long twenty-month period between 2021 and 2023 saw prices rise faster than wages, and inflation surge to a high of 11.1 percent in October 2022.

In 1820, the islands of present-day New Zealand had a population of approximately 100,000 people. This figure would fall until the early 1840s, partly as a result of European diseases brought by colonizers, and a series of destructive inter-tribal wars among the Māori peoples. These conflicts were named the Musket Wars due to the European weapons whose introduction instigated the conflicts, and the wars saw the deaths of between 20,000 and 40,000 Māori, from 1807 to 1837. After falling to just 82 thousand in the 1840s, the population would begin to rise again in 1841 following the establishment of New Zealand as an official British colony, with a strong promotion of European settlement by British citizens sponsored by the Church of England. European migration to New Zealand was low in these early decades, but increased in the mid-19th century, particularly following the discovery of gold in New Zealand’s South Island in the 1860s. This growth would continue throughout the 1870s, in part the result of a strong promotion of mass migration from Britain by Premier Julius Vogel’s administration.

Early 20th century However, between 1881 and the 1920s, the New Zealand government heavily restricted Asiatic migration to the islands, resulting in a fall of population growth rate, which would remain until the Second World War. The country would experience a dip in population during the First World War, in which New Zealand would suffer approximately 18,000 military fatalities, and another 9,000 lost to the coinciding Spanish Flu epidemic. The population would stagnate again in the Second World War, which resulted in the death of almost 12,000 New Zealanders. In the years following the war, New Zealand would see a significant increase in population due to the mixture of a baby boom and a migrant spike from Europe and Asia, following a large demand for unskilled labor. Recent decades This increase continued for several decades, until international factors, such as the oil crises of 1973 and 1979, and the UK's accession to the European Economic Communities (which ended most of New Zealand's trade agreements with Britain; it's largest trade partner), greatly weakened New Zealand's economy in the 1970s. As a result, population growth stagnated during the 1970s, while economic problems persisted into the early 2000s. In contrast, the Great Recession of 2008 did not impact New Zealand as severely as most other developed nations, which allowed the economy to emerge as one of the fastest growing in the world, also leading to dropped unemployment levels and increased living standards. In 2020, with a population of almost five million people, New Zealand is regarded as one of the top countries in the world in terms of human development, quality of life and social freedoms.