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GDP Growth in Australia

Source: World Bank, National Statistical Office, IMF estimates (Oct 2020)
Last Updated: Feb 8, 2021

Australia's GDP growth amounted to 1.84 % in 2019 according to the the National Statistical Office. This is 0.9299999999999999 % less than in the previous year (2.77 %).

Historically, GDP growth in Australia reached an all time high of 43.1 % in 1960 and an all time low of -1.00 % in 1991. When compared to Australia's main peers, GDP growth in Indonesia amounted to 5.03 %, 4.30 % in Malaysia, 2.22 % in New Zealand and 4.93 % in Papua New Guinea in 2019.

Australia has been ranked 115th within the group of 174 countries we follow in terms of GDP growth, 44 places behind the position seen 10 years ago.

Annual percentage growth rate of the whole economy at market prices based on a constant local currency.

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