Australia's economic growth slowed to 2.7 percent year-on-year in the December quarter 2022 from 5.9 percent in the previous three-month period. The latest reading came in line with market expectations and matched the weakest pace of growth since the first quarter of 2021. source: Australian Bureau of Statistics
GDP Annual Growth Rate in Australia averaged 3.38 percent from 1960 until 2022, reaching an all time high of 10.30 percent in the second quarter of 2021 and a record low of -5.80 percent in the second quarter of 2020. This page provides - Australia GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Australia GDP Annual Growth Rate - data, historical chart, forecasts and calendar of releases - was last updated on May of 2023.
GDP Annual Growth Rate in Australia is expected to be 2.60 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Australia GDP Annual Growth Rate is projected to trend around 2.50 percent in 2024 and 2.30 percent in 2025, according to our econometric models.