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GDP Growth fell 326% to -4.16% in Australia in 2020

GDP Growth (%), 2020
Economy | Australia | February 8, 2021
$2.99
Excel Sheet

GDP growth fell 326% to -4.16% in Australia in 2020, according to the National Statistical Office.

Historically, GDP growth in Australia reached an all time high of 43.1% in 1960 and an all time low of -4.16% in 2020. When compared to Australia's main peers, GDP growth in Indonesia amounted to -1.50%, -6.00% in Malaysia, -6.07% in New Zealand and -3.28% in Papua New Guinea in 2020.

Australia has been ranked 71st within the group of 172 countries we follow in terms of GDP growth, 62 places above the position seen 10 years ago.

GDP Growth Unit 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Australia % 1.84% -4.16% 2.95% 2.80% 2.58%
Cambodia % 7.05% -2.76% 6.75% 7.33% 7.36%
Indonesia % 5.03% -1.50% 6.11% 5.29% 5.21%
Malaysia % 4.30% -6.00% 7.80% 6.00% 5.70%
New Zealand % 2.22% -6.07% 4.36% 2.60% 2.55%
Papua New Guinea % 4.93% -3.28% 1.19% 2.87% 3.02%
Philippines % 6.04% -8.26% 7.41% 6.45% 6.47%
Singapore % 0.733% -6.00% 4.98% 2.59% 2.61%
Thailand % 2.36% -7.15% 4.00% 4.44% 4.27%
Vietnam % 7.02% 1.60% 6.70% 7.44% 7.24%