The Gross Domestic Product (GDP) in Australia expanded 1.80 percent in the first quarter of 2019 over the same quarter of the previous year. GDP Annual Growth Rate in Australia averaged 3.30 percent from 1960 until 2019, reaching an all time high of 8.30 percent in the first quarter of 1967 and a record low of -3.50 percent in the second quarter of 1983.

GDP Annual Growth Rate in Australia is expected to be 1.90 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate GDP Annual Growth Rate in Australia to stand at 2.40 in 12 months time. In the long-term, the Australia GDP Annual Growth Rate is projected to trend around 2.50 percent in 2020, according to our econometric models.

Australia GDP Annual Growth Rate
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Calendar GMT Actual Previous Consensus TEForecast
2018-09-05 01:30 AM GDP Growth Rate YoY 3.4% 3.2% 2.8% 2.7%
2018-12-05 12:30 AM GDP Growth Rate YoY 2.8% 3.1% 3.3% 3.1%
2019-03-06 12:30 AM GDP Growth Rate YoY 2.3% 2.7% 2.5% 2.7%
2019-06-05 01:30 AM GDP Growth Rate YoY 1.8% 2.3% 1.8% 1.6%
2019-09-05 01:30 AM GDP Growth Rate YoY 1.8% 1.9%
2019-12-05 12:30 AM GDP Growth Rate YoY 2%


Australia GDP Last Previous Highest Lowest Unit
GDP Growth Rate 0.40 0.20 4.40 -2.00 percent [+]
GDP Annual Growth Rate 1.80 2.30 8.30 -3.50 percent [+]
GDP 1432.20 1330.80 1576.20 18.60 USD Billion [+]
GDP Constant Prices 463907.00 462032.00 463907.00 62496.00 AUD Million [+]
Gross National Product 458418.00 454294.00 458418.00 56544.00 AUD Million [+]
Gross Fixed Capital Formation 109559.00 110351.00 116849.00 9984.00 AUD Million [+]
GDP per capita 56919.40 56228.80 56919.40 19245.40 USD [+]
GDP per capita PPP 45439.30 44888.00 45439.30 27969.40 USD [+]
GDP From Agriculture 10747.00 10771.00 12675.00 3997.00 AUD Million [+]
GDP From Construction 33733.00 34046.00 36755.00 8476.00 AUD Million [+]
GDP From Manufacturing 26118.00 25942.00 30041.00 15947.00 AUD Million [+]
GDP From Mining 36408.00 36383.00 36408.00 5144.00 AUD Million [+]
GDP From Public Administration 24583.00 24437.00 24583.00 7902.00 AUD Million [+]
GDP From Utilities 11270.00 11137.00 11288.00 3850.00 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 2019.

Actual Previous Highest Lowest Dates Unit Frequency
1.80 2.30 8.30 -3.50 1960 - 2019 percent Quarterly
SA




Country Last Previous
China 6.20 Jun/19
India 5.80 Mar/19
Indonesia 5.07 Mar/19
United States 3.20 Mar/19
Spain 2.40 Mar/19
Australia 1.80 Mar/19
United Kingdom 1.80 Mar/19
Netherlands 1.70 Mar/19
Saudi Arabia 1.70 Mar/19
South Korea 1.70 Mar/19
Switzerland 1.70 Mar/19
Canada 1.30 Mar/19
Euro Area 1.20 Mar/19
France 1.20 Mar/19
Mexico 1.20 Mar/19
Japan 0.90 Mar/19
Germany 0.70 Mar/19
Brazil 0.50 Mar/19
Russia 0.50 Mar/19
Singapore 0.10 Jun/19
South Africa 0.00 Mar/19
Italy -0.10 Mar/19
Turkey -2.60 Mar/19
Argentina -5.80 Mar/19


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