The Gross Domestic Product (GDP) in Australia expanded 3.30 percent in the first quarter of 2022 over the same quarter of the previous year. source: Australian Bureau of Statistics

GDP Annual Growth Rate in Australia averaged 3.36 percent from 1960 until 2022, reaching an all time high of 9.50 percent in the second quarter of 2021 and a record low of -6 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 August of 2022.

GDP Annual Growth Rate in Australia is expected to be 4.00 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 2.80 percent in 2023 and 3.30 percent in 2024, according to our econometric models.

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Australia GDP Annual Growth Rate



Calendar GMT Actual Previous Consensus TEForecast
2022-03-02 12:30 AM Q4 4.2% 3.9% 3.7% 3.4%
2022-06-01 01:30 AM Q1 3.3% 4.4% 2.9% 2.7%
2022-09-07 01:30 AM Q2 3.3% 4%


Related Last Previous Unit Reference
GDP Growth Rate 0.80 3.60 percent Mar 2022
GDP Annual Growth Rate 3.30 4.40 percent Mar 2022
GDP Constant Prices 527676.00 523725.00 AUD Million Mar 2022
Gross National Product 532483.00 521833.00 AUD Million Mar 2022
Gross Fixed Capital Formation 122253.00 121356.00 AUD Million Mar 2022
GDP From Utilities 11847.00 11736.00 AUD Million Mar 2022
GDP From Public Administration 28503.00 28448.00 AUD Million Mar 2022
GDP From Mining 48747.00 49511.00 AUD Million Mar 2022
GDP From Manufacturing 29635.00 29322.00 AUD Million Mar 2022
GDP From Construction 36999.00 36919.00 AUD Million Mar 2022
GDP From Agriculture 15010.00 15927.00 AUD Million Mar 2022

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). .
Actual Previous Highest Lowest Dates Unit Frequency
3.30 4.40 9.50 -6.00 1960 - 2022 percent Quarterly
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