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Output Gap (As % of Potential GDP) fell 510% to -3.85% in Australia in 2020

Output Gap (As % of Potential GDP) (%), 2020
Economy | Australia | February 8, 2021
$2.99
Excel Sheet

Output gap as a percentage of potential GDP fell 510% to -3.85% in Australia in 2020, according to the National Statistical Office.

Historically, output gap as a percentage of potential GDP in Australia reached an all time high of 1.69% in 1989 and an all time low of -4.81% in 1983.

Australia has been ranked 16th within the group of 27 countries we follow in terms of output gap as a percentage of potential GDP, 7 places below the position seen 10 years ago.

Output Gap (As % of Potential GDP) Unit 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021
Australia % -1.17% -0.873% -0.793% -0.339% -0.631%
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New Zealand % -0.826% 0.222% 0.458% 0.794% 0.358%
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