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.

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 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.

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.

Australia's tourism gross domestic product (GDP) bounced back strong in 2023, recording an increase of 90.8 percent. After witnessing a significant decline in tourism GDP in 2020 and 2021, with tourism GDP taking a massive plunge of 36.2 percent in 2021 as a result of the coronavirus outbreak, the industry appears to be on the road to recovery. The state of the tourism industry in 2021 The coronavirus pandemic had an enormous negative effect on the travel and tourism industry worldwide. In Australia, all major tourism-related industries reported a decline in GVA on the previous year. International visitors were also restricted from entering the country, resulting in a significant drop in revenue from international visitors. China, as the origin of the COVID-19 virus, was the first country to be subjected to travel bans. This was particularly damaging to the Australian economy due to the high volume of Chinese visitors that visit Australia for work, leisure, and study. Hopes for a trans-Tasman travel bubble  Just as visitors to Australia were restricted, international travel for Australians became increasingly limited throughout 2020 and 2021. However, with New Zealand’s success at containing the virus, and incidents of COVID-19 in Australia declining at the end of April, the two countries opened negotiations for a “trans-Tasman travel bubble”. The concept would open travel for Australian and New Zealand residents across the Tasman sea, without the need to undergo quarantine in Australia or New Zealand. Unfortunately, after a second wave outbreak of coronavirus in Melbourne and subsequent outbreaks later in the year, the trans-Tasman bubble did not come to pass in 2020.

Australia GDP: Growth: Gross Value Added: Industry: Manufacturing data was reported at 0.159 % in 2023. This records a decrease from the previous number of 2.442 % for 2022. Australia GDP: Growth: Gross Value Added: Industry: Manufacturing data is updated yearly, averaging 1.515 % from Dec 1976 (Median) to 2023, with 48 observations. The data reached an all-time high of 6.669 % in 1988 and a record low of -8.225 % in 1983. Australia GDP: Growth: Gross Value Added: Industry: Manufacturing 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 manufacturing value added based on constant local currency. Aggregates are based on constant 2015 prices, expressed in U.S. dollars. Manufacturing refers to industries belonging to ISIC divisions 10-33. 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 4.;World Bank national accounts data, and OECD National Accounts data files.;Weighted average;Note: Data for OECD countries are based on ISIC, revision 4.

In 2020, the GDP shrunk by *** percent in Australia, and inflation was at an all-time low at *** percent over the last 20 years. In 2021, the GDP is predicted to grow by *** percent, and inflation to grow by *** percent. According to the forecast, the Gross Domestic Product and inflation will grow weakly over the next five years in Australia.

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;

The latest data from show economic growth of 1.34 percent, which is an increase from the rate of growth of 1.25 percent in the previous quarter and
an increase compared to the growth rate of 1.16 percent in the same quarter last year. The economic growth time series for Australia cover the period...

In 2022, Australia's e-commerce growth rate stood at ***** percent, marking a decrease from the previous year. The highest e-commerce growth rates within the given period were witnessed in 2020 and 2021, likely due to the coronavirus pandemic, necessitating the use of online channels in response to restrictions to in-store shopping.

Full Year GDP Growth in Australia decreased to 1.50 percent in 2023 from 3.10 percent in 2022. This dataset includes a chart with historical data for Australia Full Year Gdp Growth.

Since the mid-1970s, Australia's population growth rate has remained fairly constant, fluctuating between one and two percent annual change in most years. Australia's crude birth rate has consistently been higher than its death rate during this time, which means that the population grows naturally and is not dependent on migration - however, Australia has historically been one of the most popular destinations for migrants, who are also responsible for a large share of this change.

This dataset provides values for GDP GROWTH RATE. reported in several countries. The data includes current values, previous releases, historical highs and record lows, release frequency, reported unit and currency.

This dataset provides values for FULL YEAR GDP GROWTH RATE reported in several countries. The data includes current values, previous releases, historical highs and record lows, release frequency, reported unit and currency.

Australia GDP: Growth: Adjusted Net National Income per Capita data was reported at 1.162 % in 2019. This records an increase from the previous number of 0.889 % for 2018. Australia GDP: Growth: Adjusted Net National Income per Capita data is updated yearly, averaging 2.175 % from Jun 1971 (Median) to 2019, with 49 observations. The data reached an all-time high of 5.534 % in 1988 and a record low of -1.794 % in 1991. Australia GDP: Growth: Adjusted Net National Income per Capita 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. Adjusted net national income is GNI minus consumption of fixed capital and natural resources depletion.;World Bank staff estimates based on sources and methods in World Bank's 'The Changing Wealth of Nations: Measuring Sustainable Development in the New Millennium' (2011).;Weighted average;

GDP growth of Australia plummeted by 18.87% from 4.2 % in 2022 to 3.4 % in 2023. Since the 26.27% surge in 2018, GDP growth shot up by 19.58% in 2023. Annual percentage growth rate of GDP at market prices based on constant local currency. Aggregates are based on constant 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.

The statistic shows selected biotech industry growth rates in Australia compared to worldwide as of 2016. Biotech industry growth for the period 2007-2016 was three percent in Australia and 10 percent worldwide. Growth rates in the biotech sector were significantly lower in Australia than the world average.

Graph and download economic data for Purchasing Power Parity Converted GDP Per Capita (Laspeyres), derived from growth rates of domestic absorption for Australia (RGDPL2AUA625NUPN) from 1950 to 2010 about Australia, PPP, domestic, per capita, GDP, and rate.

Forecast: Computer Software and Databases Productivity Growth Rate in Australia 2022 - 2026 Discover more data with ReportLinker!

This dataset provides values for GDP ANNUAL GROWTH RATE.PHP reported in several countries. The data includes current values, previous releases, historical highs and record lows, release frequency, reported unit and currency.