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.

CEIC calculates quarterly Nominal GDP Growth from quarterly Nominal GDP. The Australian Bureau of Statistics provides Nominal GDP in local currency.

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.

GDP per Capita: Western Australia data was reported at 155,644.000 AUD in 2024. This records a decrease from the previous number of 157,391.000 AUD for 2023. GDP per Capita: Western Australia data is updated yearly, averaging 68,968.000 AUD from Jun 1990 (Median) to 2024, with 35 observations. The data reached an all-time high of 157,391.000 AUD in 2023 and a record low of 24,715.000 AUD in 1990. GDP per Capita: Western 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.

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.

Australia GDP: Growth data was reported at 3.442 % in 2023. This records a decrease from the previous number of 4.242 % for 2022. Australia GDP: Growth data is updated yearly, averaging 3.577 % from Dec 1961 (Median) to 2023, with 63 observations. The data reached an all-time high of 7.176 % in 1970 and a record low of -2.224 % in 1983. Australia GDP: Growth 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 GDP at market prices based on constant local currency. Aggregates are based on constant 2015 prices, expressed in U.S. dollars. GDP is the sum of gross value added by all resident producers in the economy plus any product taxes and minus any subsidies not included in the value of the products. It is calculated without making deductions for depreciation of fabricated assets or for depletion and degradation of natural resources.;World Bank national accounts data, and OECD National Accounts data files.;Weighted average;

GDP: Australian Capital Territory data was reported at 55,431.000 AUD mn in 2024. This records an increase from the previous number of 51,226.000 AUD mn for 2023. GDP: Australian Capital Territory data is updated yearly, averaging 20,643.000 AUD mn from Jun 1990 (Median) to 2024, with 35 observations. The data reached an all-time high of 55,431.000 AUD mn in 2024 and a record low of 7,641.000 AUD mn in 1990. GDP: Australian Capital 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.

Australia Potential(GDP) Gross Domestic ProductGrowth: Volume data was reported at 2.208 % in 2026. This records a decrease from the previous number of 2.230 % for 2025. Australia Potential(GDP) Gross Domestic ProductGrowth: Volume data is updated yearly, averaging 2.960 % from Dec 1986 (Median) to 2026, with 41 observations. The data reached an all-time high of 3.862 % in 1998 and a record low of 2.141 % in 2020. Australia Potential(GDP) Gross Domestic ProductGrowth: Volume 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. GDPVTR_ANNPCT - Potential output, volume, growth. Percentage change compared to the previous period. Quarterly growth expressed at annual rate.

Australia GDP: Real: Discrepancy data was reported at 1.000 AUD mn in 2023. Australia GDP: Real: Discrepancy data is updated yearly, averaging 1.000 AUD mn from Dec 2023 (Median) to 2023, with 1 observations. The data reached an all-time high of 1.000 AUD mn in 2023 and a record low of 1.000 AUD mn in 2023. Australia GDP: Real: Discrepancy 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: Real. A statistical discrepancy usually arises when the GDP components are estimated independently by industrial origin and by expenditure categories. This item represents the discrepancy in the use of resources (i.e., the estimate of GDP by expenditure categories). Data are in constant local currency.;World Bank national accounts data, and OECD National Accounts data files.;;

Australia GDP: Growth: Gross Value Added: Industry data was reported at 2.558 % in 2019. This records a decrease from the previous number of 2.789 % for 2018. Australia GDP: Growth: Gross Value Added: Industry data is updated yearly, averaging 2.325 % from Jun 1976 (Median) to 2019, with 44 observations. The data reached an all-time high of 8.371 % in 1988 and a record low of -4.283 % in 1983. Australia GDP: Growth: Gross Value Added: Industry 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 growth rate for industrial value added based on constant local currency. Aggregates are based on constant 2010 U.S. dollars. Industry corresponds to ISIC divisions 10-45 and includes manufacturing (ISIC divisions 15-37). It comprises value added in mining, manufacturing (also reported as a separate subgroup), construction, electricity, water, and gas. Value added is the net output of a sector after adding up all outputs and subtracting intermediate inputs. It is calculated without making deductions for depreciation of fabricated assets or depletion and degradation of natural resources. The origin of value added is determined by the International Standard Industrial Classification (ISIC), revision 3.; ; World Bank national accounts data, and OECD National Accounts data files.; Weighted average; Note: Data for OECD countries are based on ISIC, revision 4.

Australia GDP: sa: Gross Operating Surplus: Corporations: Non Financial data was reported at 141,531.000 AUD mn in Dec 2024. This records an increase from the previous number of 140,926.000 AUD mn for Sep 2024. Australia GDP: sa: Gross Operating Surplus: Corporations: Non Financial data is updated quarterly, averaging 19,912.000 AUD mn from Sep 1959 (Median) to Dec 2024, with 262 observations. The data reached an all-time high of 161,510.000 AUD mn in Mar 2023 and a record low of 626.000 AUD mn in Jun 1961. Australia GDP: sa: Gross Operating Surplus: Corporations: Non Financial 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.A070: SNA08: Gross Domestic Product: by Income: Current Price: Seasonally Adjusted.

Australia GDP: Gross Operating Surplus: Corporations: Financial data was reported at 30,550.000 AUD mn in Dec 2024. This records an increase from the previous number of 29,913.000 AUD mn for Sep 2024. Australia GDP: Gross Operating Surplus: Corporations: Financial data is updated quarterly, averaging 3,032.000 AUD mn from Sep 1959 (Median) to Dec 2024, with 262 observations. The data reached an all-time high of 30,550.000 AUD mn in Dec 2024 and a record low of 41.000 AUD mn in Sep 1959. Australia GDP: Gross Operating Surplus: Corporations: Financial 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.A068: SNA08: Gross Domestic Product: by Income: Current Price.

Australia GDP: Gross Operating Surplus: Corporations data was reported at 183,437.000 AUD mn in Dec 2024. This records an increase from the previous number of 173,552.000 AUD mn for Sep 2024. Australia GDP: Gross Operating Surplus: Corporations data is updated quarterly, averaging 23,279.500 AUD mn from Sep 1959 (Median) to Dec 2024, with 262 observations. The data reached an all-time high of 193,899.000 AUD mn in Dec 2022 and a record low of 640.000 AUD mn in Jun 1961. Australia GDP: Gross Operating Surplus: Corporations 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.A068: SNA08: Gross Domestic Product: by Income: Current Price.

Australia GDP: Growth: Gross Capital Formation data was reported at 5.717 % in 2021. Australia GDP: Growth: Gross Capital Formation data is updated yearly, averaging 5.717 % from Jun 2021 (Median) to 2021, with 1 observations. The data reached an all-time high of 5.717 % in 2021 and a record low of 5.717 % in 2021. Australia GDP: Growth: Gross Capital Formation 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 growth rate of gross capital formation based on constant local currency. Aggregates are based on constant 2015 prices, expressed in U.S. dollars. Gross capital formation (formerly gross domestic investment) consists of outlays on additions to the fixed assets of the economy plus net changes in the level of inventories. Fixed assets include land improvements (fences, ditches, drains, and so on); plant, machinery, and equipment purchases; and the construction of roads, railways, and the like, including schools, offices, hospitals, private residential dwellings, and commercial and industrial buildings. Inventories are stocks of goods held by firms to meet temporary or unexpected fluctuations in production or sales, and 'work in progress.' According to the 2008 SNA, net acquisitions of valuables are also considered capital formation.;World Bank national accounts data, and OECD National Accounts data files.;Weighted average;

Australia GDP: Final Consumption Expenditure data was reported at 530,559.000 AUD mn in Dec 2024. This records an increase from the previous number of 505,963.000 AUD mn for Sep 2024. Australia GDP: Final Consumption Expenditure data is updated quarterly, averaging 82,675.000 AUD mn from Sep 1959 (Median) to Dec 2024, with 262 observations. The data reached an all-time high of 530,559.000 AUD mn in Dec 2024 and a record low of 2,702.000 AUD mn in Sep 1959. Australia GDP: Final Consumption Expenditure 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.A001: SNA08: Gross Domestic Product: by Expenditure: Current Price.

Australia GDP: Trend: Exports of Goods & Services data was reported at 119,898.000 AUD mn in Mar 2019. This records an increase from the previous number of 115,136.000 AUD mn for Dec 2018. Australia GDP: Trend: Exports of Goods & Services data is updated quarterly, averaging 14,640.000 AUD mn from Sep 1959 (Median) to Mar 2019, with 239 observations. The data reached an all-time high of 119,898.000 AUD mn in Mar 2019 and a record low of 489.000 AUD mn in Sep 1960. Australia GDP: Trend: Exports of Goods & Services 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.A002: SNA08: Gross Domestic Product: by Expenditure: Current Price: Trend.

Australia GDP: Real: Gross Domestic Income data was reported at 2,567,513.000 AUD mn in 2023. This records an increase from the previous number of 2,483,184.652 AUD mn for 2022. Australia GDP: Real: Gross Domestic Income data is updated yearly, averaging 898,569.549 AUD mn from Dec 1960 (Median) to 2023, with 64 observations. The data reached an all-time high of 2,567,513.000 AUD mn in 2023 and a record low of 305,437.742 AUD mn in 1960. Australia GDP: Real: Gross Domestic Income 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: Real. Gross domestic income is derived as the sum of GDP and the terms of trade adjustment. Data are in constant local currency.;World Bank national accounts data, and OECD National Accounts data files.;;

Key information about Australia Exports: % of GDP

• Australia Exports: % of GDP was reported at 27.346 % in Dec 2022.
• This records an increase from the previous number of 23.712 % for Dec 2021.
• Australia Exports: % of GDP data is updated yearly, averaging 20.664 % from Dec 2001 to 2022, with 22 observations.
• The data reached an all-time high of 27.346 % in 2022 and a record low of 17.400 % in 2003.
• Australia Exports: % 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: Contribution to GDP.

Australia GDP: Tasmania data was reported at 42,062.000 AUD mn in 2024. This records an increase from the previous number of 40,067.000 AUD mn for 2023. Australia GDP: Tasmania data is updated yearly, averaging 19,746.000 AUD mn from Jun 1990 (Median) to 2024, with 35 observations. The data reached an all-time high of 42,062.000 AUD mn in 2024 and a record low of 8,522.000 AUD mn in 1990. Australia GDP: Tasmania 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.

Australia GDP: Net National Income data was reported at 1,439,680.000 AUD mn in 2017. This records an increase from the previous number of 1,354,031.000 AUD mn for 2016. Australia GDP: Net National Income data is updated yearly, averaging 996,883.000 AUD mn from Dec 2000 (Median) to 2017, with 18 observations. The data reached an all-time high of 1,439,680.000 AUD mn in 2017 and a record low of 554,955.000 AUD mn in 2000. Australia GDP: Net National Income 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.IFS: Gross Domestic Product: by Expenditure: Annual.

Key information about Australia Consolidated Fiscal Balance: % of GDP

• Australia Consolidated Fiscal Balance recorded a deficit equal to 2.3 % of its Nominal GDP in Dec 2024, compared with a deficit equal to 2.1 % in the previous quarter
• Australia Consolidated Fiscal Balance to GDP data is updated quarterly, available from Jun 2003 to Dec 2024, with an average ratio of -2.2 %
• The data reached an all-time high of 2.2 % in Mar 2004 and a record low of -13.9 % in Mar 2021

CEIC calculates quarterly Consolidated Fiscal Balance as % of Nominal GDP from quarterly Consolidated Fiscal Balance and quarterly Nominal GDP. The Australian Bureau of Statistics provides Consolidated Fiscal Balance in local currency and Nominal GDP in local currency. Consolidated Fiscal Balance prior to June 2018 is based on SNA 2008 GFMS 2001. Consolidated Fiscal Balance prior to June 2009 is based on SNA 1993.


Further information about Australia Consolidated Fiscal Balance: % of GDP

• In the latest reports, Australia National Government Debt reached 650.9 USD bn in Jun 2023
• Australia Nominal GDP reached 440.1 USD bn in Mar 2023