Output gap measured as a difference between actual and potential gdp growth reached -1.58% in 2014 in Australia, according to the National Statistical Office. This is 7.31% less than in the previous year.
Historically, output gap measured as a difference between actual and potential GDP growth in Australia reached an all time high of 2.11% in 2007 and an all time low of -4.05% in 1991.
Australia has been ranked 10th within the group of 34 countries we follow in terms of output gap measured as a difference between actual and potential GDP growth.
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