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 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 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 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.

Explore the Economic Outlook No. 95 Long-Term Baseline Projections dataset for key indicators such as current account balance, GDP, national currency exchange rates, and more. Find insights for countries including Australia, Austria, Brazil, Canada, China, and more.

Current account balance, Purchasing power parity, Output gap, Long-term interest rate, Gross national savings, GDP deflator, Productive capital stocks, Gross capital formation, Government net lending, NAIRU, Exchange rate, Population, Gross financial liabilities, Gross private savings, Potential employment, Forecast

Australia, Austria, Belgium, Brazil, Canada, Chile, China, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Iceland, India, Indonesia, Ireland, Israel, Italy, Japan, Luxembourg, Mexico, Netherlands, New Zealand, Norway, Poland, Portugal, Russia, Slovenia, South Africa, Spain, Sweden, Switzerland, Turkey, United Kingdom

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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.

Australia Gross Public Debt: % of GDP: Central Government: Long Term: Over 1 Year: Debt Securities data was reported at 29.379 % in Dec 2024. This records a decrease from the previous number of 30.379 % for Sep 2024. Australia Gross Public Debt: % of GDP: Central Government: Long Term: Over 1 Year: Debt Securities data is updated quarterly, averaging 10.256 % from Mar 1995 (Median) to Dec 2024, with 120 observations. The data reached an all-time high of 36.748 % in Jun 2021 and a record low of 0.550 % in Sep 1997. Australia Gross Public Debt: % of GDP: Central Government: Long Term: Over 1 Year: Debt Securities 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.QPSD: Gross Public Debt: % of GDP: Central Government.

Australia Gross Public Debt: % of GDP: Financial Public Corporations: Long Term: Over 1 Year: Currency and Deposits data was reported at 2.453 % in Dec 2024. This records a decrease from the previous number of 3.714 % for Sep 2024. Australia Gross Public Debt: % of GDP: Financial Public Corporations: Long Term: Over 1 Year: Currency and Deposits data is updated quarterly, averaging 1.430 % from Mar 1995 (Median) to Dec 2024, with 120 observations. The data reached an all-time high of 5.334 % in Sep 2020 and a record low of 0.006 % in Sep 1998. Australia Gross Public Debt: % of GDP: Financial Public Corporations: Long Term: Over 1 Year: Currency and Deposits 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.QPSD: Gross Public Debt: % of GDP: Financial Public Corporations.

AU: Gross Public Debt: % of GDP: General Government: Long Term: Over 1 Year data was reported at 60.301 % in Dec 2024. This records a decrease from the previous number of 60.921 % for Sep 2024. AU: Gross Public Debt: % of GDP: General Government: Long Term: Over 1 Year data is updated quarterly, averaging 34.720 % from Mar 1995 (Median) to Dec 2024, with 120 observations. The data reached an all-time high of 78.797 % in Dec 2020 and a record low of 22.029 % in Mar 2009. AU: Gross Public Debt: % of GDP: General Government: Long Term: Over 1 Year 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.QPSD: Gross Public Debt: % of GDP: General Government.

Leading Economic Index Australia increased 0.10 percent in July 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.

Inflation Rate in Australia decreased to 2.10 percent in the second quarter of 2025 from 2.40 percent in the first quarter of 2025. This dataset provides the latest reported value for - Australia Inflation Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Australia Gross Public Debt: % of GDP: General Government: Long Term data was reported at 63.414 % in Dec 2024. This records a decrease from the previous number of 64.215 % for Sep 2024. Australia Gross Public Debt: % of GDP: General Government: Long Term data is updated quarterly, averaging 35.584 % from Mar 1995 (Median) to Dec 2024, with 120 observations. The data reached an all-time high of 81.079 % in Mar 2021 and a record low of 22.484 % in Mar 2009. Australia Gross Public Debt: % of GDP: General Government: Long Term 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.QPSD: Gross Public Debt: % of GDP: General Government.

Australia Gross Public Debt: % of GDP: General Government: Long Term: Over 1 Year: Loans data was reported at 14.066 % in Dec 2024. This records an increase from the previous number of 13.644 % for Sep 2024. Australia Gross Public Debt: % of GDP: General Government: Long Term: Over 1 Year: Loans data is updated quarterly, averaging 6.614 % from Mar 1995 (Median) to Dec 2024, with 120 observations. The data reached an all-time high of 14.066 % in Dec 2024 and a record low of 2.725 % in Mar 2007. Australia Gross Public Debt: % of GDP: General Government: Long Term: Over 1 Year: Loans 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.QPSD: Gross Public Debt: % of GDP: General Government.

Australia Gross Public Debt: % of GDP: Non Financial Public Corporations: Long Term: Over 1 Year: Loans data was reported at 4.874 % in Dec 2024. This records an increase from the previous number of 4.817 % for Sep 2024. Australia Gross Public Debt: % of GDP: Non Financial Public Corporations: Long Term: Over 1 Year: Loans data is updated quarterly, averaging 5.919 % from Mar 1995 (Median) to Dec 2024, with 120 observations. The data reached an all-time high of 8.868 % in Mar 1995 and a record low of 4.817 % in Sep 2024. Australia Gross Public Debt: % of GDP: Non Financial Public Corporations: Long Term: Over 1 Year: Loans 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.QPSD: Gross Public Debt: % of GDP: Non Financial Public Corporations.

Australia Gross Public Debt: % of GDP: General Government: Long Term: Over 1 Year: Insurance, Pensions and Standardized Guarantee Schemes data was reported at 15.657 % in Dec 2024. This records a decrease from the previous number of 15.793 % for Sep 2024. Australia Gross Public Debt: % of GDP: General Government: Long Term: Over 1 Year: Insurance, Pensions and Standardized Guarantee Schemes data is updated quarterly, averaging 18.396 % from Mar 1995 (Median) to Dec 2024, with 120 observations. The data reached an all-time high of 31.093 % in Sep 2020 and a record low of 14.664 % in Dec 2008. Australia Gross Public Debt: % of GDP: General Government: Long Term: Over 1 Year: Insurance, Pensions and Standardized Guarantee Schemes 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.QPSD: Gross Public Debt: % of GDP: General Government.

Australia Gross Public Debt: % of GDP: Central Government: Long Term data was reported at 45.041 % in Dec 2024. This records a decrease from the previous number of 46.193 % for Sep 2024. Australia Gross Public Debt: % of GDP: Central Government: Long Term data is updated quarterly, averaging 22.855 % from Mar 1995 (Median) to Dec 2024, with 120 observations. The data reached an all-time high of 61.780 % in Mar 2021 and a record low of 12.230 % in Sep 1997. Australia Gross Public Debt: % of GDP: Central Government: Long Term 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.QPSD: Gross Public Debt: % of GDP: Central Government.

Australia Gross Public Debt: % of GDP: Central Government: Long Term: Over 1 Year data was reported at 41.928 % in Dec 2024. This records a decrease from the previous number of 42.899 % for Sep 2024. Australia Gross Public Debt: % of GDP: Central Government: Long Term: Over 1 Year data is updated quarterly, averaging 21.975 % from Mar 1995 (Median) to Dec 2024, with 120 observations. The data reached an all-time high of 59.329 % in Mar 2021 and a record low of 12.230 % in Sep 1997. Australia Gross Public Debt: % of GDP: Central Government: Long Term: Over 1 Year 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.QPSD: Gross Public Debt: % of GDP: Central Government.

Australia Gross Public Debt: % of GDP: Central Government: Long Term: Over 1 Year: Loans data was reported at 0.073 % in Dec 2024. This records an increase from the previous number of 0.057 % for Sep 2024. Australia Gross Public Debt: % of GDP: Central Government: Long Term: Over 1 Year: Loans data is updated quarterly, averaging 0.061 % from Mar 1995 (Median) to Dec 2024, with 120 observations. The data reached an all-time high of 0.151 % in Jun 2020 and a record low of 0.001 % in Sep 1998. Australia Gross Public Debt: % of GDP: Central Government: Long Term: Over 1 Year: Loans 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.QPSD: Gross Public Debt: % of GDP: Central Government.

Australia Gross Public Debt: % of GDP: General Government: Long Term: Over 1 Year: SDRs data was reported at 0.723 % in Dec 2024. This records an increase from the previous number of 0.680 % for Sep 2024. Australia Gross Public Debt: % of GDP: General Government: Long Term: Over 1 Year: SDRs data is updated quarterly, averaging 0.288 % from Mar 1995 (Median) to Dec 2024, with 120 observations. The data reached an all-time high of 0.858 % in Sep 2021 and a record low of 0.004 % in Jun 1998. Australia Gross Public Debt: % of GDP: General Government: Long Term: Over 1 Year: SDRs 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.QPSD: Gross Public Debt: % of GDP: General Government.

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.