Australia GDP Annual Growth Rate  1960-2018 | Data | Chart | Calendar

The Australian economy grew an annual 3.1 percent in the first quarter of 2018 , following a 2.4 percent expansion in the prior quarter and above expectations of a 2.8 percent growth. It is the fastest annual growth rate since Q2 2016. GDP Annual Growth Rate in Australia averaged 3.46 percent from 1960 until 2018, reaching an all time high of 9 percent in the first quarter of 1967 and a record low of -3.40 percent in the second quarter of 1983.

Australia GDP Annual Growth Rate
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Calendar GMT Actual Previous Consensus TEForecast
2017-12-06 12:30 AM GDP Growth Rate YoY 2.8% 1.9% 3% 2.8%
2018-03-07 12:30 AM GDP Growth Rate YoY 2.4% 2.9% 2.5% 2.6%
2018-06-06 01:30 AM GDP Growth Rate YoY 3.1% 2.4% 2.8% 2.5%
2018-09-05 01:30 AM GDP Growth Rate YoY 2.7%
2018-12-06 12:30 AM GDP Growth Rate YoY 2.9%


Australia GDP Last Previous Highest Lowest Unit
GDP Growth Rate 1.00 0.50 4.40 -2.00 percent [+]
GDP Annual Growth Rate 3.10 2.40 9.00 -3.40 percent [+]
GDP 1323.42 1208.00 1573.70 18.60 USD Billion [+]
GDP Constant Prices 437246.00 432685.00 437246.00 60240.00 AUD Million [+]
Gross National Product 440282.00 433099.00 440282.00 56047.00 AUD Million [+]
Gross Fixed Capital Formation 108617.00 108057.00 115684.00 9904.00 AUD Million [+]
GDP per capita 55925.93 55731.50 55925.93 19254.58 USD [+]
GDP per capita PPP 44648.71 44493.50 44648.71 27969.10 USD [+]
GDP From Agriculture 10243.00 10418.00 11789.00 3635.00 AUD Million [+]
GDP From Construction 32447.00 32674.00 34363.00 8061.00 AUD Million [+]
GDP From Manufacturing 25955.00 25344.00 29315.00 15564.00 AUD Million [+]
GDP From Mining 26142.00 25416.00 26142.00 3793.00 AUD Million [+]
GDP From Public Administration 24022.00 23680.00 24022.00 7768.00 AUD Million [+]
GDP From Utilities 10448.00 10462.00 10507.00 3640.00 AUD Million [+]


Australia GDP Annual Growth Rate

Australia's economy is dominated by the service sector (65 percent of total GDP). Yet its economic success in recent years has been based on the mining (13.5 percent of GDP) and agriculture (2 percent of GDP) as the country is a major exporter of commodities. Other sectors include: manufacturing (11 percent) and construction (9.5 percent). . This page provides - Australia GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Australia GDP Annual Growth Rate - actual data, historical chart and calendar of releases - was last updated on July of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
3.10 2.40 9.00 -3.40 1960 - 2018 percent Quarterly
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GDP annual growth rate by Country
Country Last
India 7.70 Mar/18
Turkey 7.40 Mar/18
China 6.70 Jun/18
Indonesia 5.06 Mar/18
Australia 3.10 Mar/18
Spain 3.00 Mar/18
Netherlands 2.80 Mar/18
South Korea 2.80 Mar/18
United States 2.80 Mar/18
Euro Area 2.50 Mar/18
Canada 2.30 Mar/18
Germany 2.30 Mar/18
France 2.20 Mar/18
Switzerland 2.20 Mar/18
Italy 1.40 Mar/18
Mexico 1.30 Mar/18
Russia 1.30 Mar/18
Brazil 1.20 Mar/18
United Kingdom 1.20 Mar/18
Japan 1.10 Mar/18


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