The Gross Domestic Product (GDP) in Australia expanded 5.90 percent in the third quarter of 2022 over the same quarter of the previous year. source: Australian Bureau of Statistics

GDP Annual Growth Rate in Australia averaged 3.37 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 -6.00 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 February 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.

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Australia GDP Annual Growth Rate



Calendar GMT Actual Previous Consensus TEForecast
2022-09-07 01:30 AM Q2 3.6% 3.3% 3.5% 3.5%
2022-12-07 12:30 AM Q3 5.9% 3.4% 6.2% 6.4%
2023-03-01 12:30 AM Q4 5.9% 2.5%


Related Last Previous Unit Reference
GDP Growth Rate 0.60 0.90 percent Sep 2022
GDP Annual Growth Rate 5.90 3.40 percent Sep 2022
GDP Constant Prices 552547.00 548995.00 AUD Million Sep 2022
Gross National Product 533948.00 544567.00 AUD Million Sep 2022
Gross Fixed Capital Formation 124291.00 124522.00 AUD Million Sep 2022
GDP from Utilities 12233.00 12182.00 AUD Million Sep 2022
GDP from Public Administration 28096.00 28157.00 AUD Million Sep 2022
GDP from Mining 55835.00 55175.00 AUD Million Sep 2022
GDP from Manufacturing 29346.00 29734.00 AUD Million Sep 2022
GDP from Construction 39667.00 38774.00 AUD Million Sep 2022
GDP from Agriculture 14806.00 14863.00 AUD Million Sep 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
5.90 3.40 9.50 -6.00 1960 - 2022 percent Quarterly
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