Africa's Development: Annual real GDP growth rate Growth rate … 02 in Australia
Australia: Africa's Development: Annual real GDP growth rate Growth rate … 02 was 2.26 Percent per annum in 2029. ◆ Volatile
Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP in Australia, 1990–2029
Source: Organisation for Economic Co-operation and Development. Measured in Percent per annum.
Analysis
In 2029, africa's development dynamics (afdd) table 02 - annual real gdp in Australia stood at 2.26 Percent per annum.
The figure is up 1.1% on the previous year and up 24.4% over ten years.
Over the whole period, africa's development dynamics (afdd) table 02 - annual real gdp in Australia peaked at 5.55 Percent per annum in 2021 and was at its lowest, -2.13 Percent per annum, in 2020.
Australia ranks 119th of 166 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Africa's Development: Annual real GDP growth rate Growth rate … 02 in Australia, year by year
| Year | Percent per annum | Change |
|---|---|---|
| 1990 | 1.51 Percent per annum | — |
| 1991 | -0.9949 Percent per annum | -165.7% |
| 1992 | 2.58 Percent per annum | -359.8% |
| 1993 | 3.93 Percent per annum | +52.0% |
| 1994 | 4.85 Percent per annum | +23.5% |
| 1995 | 2.96 Percent per annum | -39.0% |
| 1996 | 4.01 Percent per annum | +35.6% |
| 1997 | 4.66 Percent per annum | +16.1% |
| 1998 | 4.71 Percent per annum | +1.1% |
| 1999 | 4.41 Percent per annum | -6.3% |
| 2000 | 3.09 Percent per annum | -30.0% |
| 2001 | 2.64 Percent per annum | -14.6% |
| 2002 | 4.15 Percent per annum | +57.4% |
| 2003 | 3 Percent per annum | -27.7% |
| 2004 | 4.12 Percent per annum | +37.2% |
| 2005 | 3 Percent per annum | -27.1% |
| 2006 | 2.63 Percent per annum | -12.3% |
| 2007 | 4.37 Percent per annum | +65.9% |
| 2008 | 2.57 Percent per annum | -41.2% |
| 2009 | 1.97 Percent per annum | -23.4% |
| 2010 | 2.44 Percent per annum | +24.0% |
| 2011 | 2.77 Percent per annum | +13.6% |
| 2012 | 3.8 Percent per annum | +37.1% |
| 2013 | 2.23 Percent per annum | -41.2% |
| 2014 | 2.59 Percent per annum | +15.9% |
| 2015 | 2.35 Percent per annum | -9.2% |
| 2016 | 2.72 Percent per annum | +15.8% |
| 2017 | 2.42 Percent per annum | -11.0% |
| 2018 | 2.85 Percent per annum | +17.7% |
| 2019 | 1.82 Percent per annum | -36.3% |
| 2020 | -2.13 Percent per annum | -217.3% |
| 2021 | 5.55 Percent per annum | -360.9% |
| 2022 | 3.81 Percent per annum | -31.4% |
| 2023 | 2.06 Percent per annum | -45.9% |
| 2024 | 1.46 Percent per annum | -29.2% |
| 2025 | 2.05 Percent per annum | +40.0% |
| 2026 | 2.15 Percent per annum | +5.1% |
| 2027 | 2.2 Percent per annum | +2.4% |
| 2028 | 2.23 Percent per annum | +1.4% |
| 2029 | 2.26 Percent per annum | +1.1% |
Australia compared with similar countries
- Australia's 2.26 Percent per annum is above the median for high income countries, which is 2.23 Percent per annum, 1.0× the median. (52 countries reporting)
- Australia's 2.26 Percent per annum is below the median for East Asia & Pacific, which is 2.49 Percent per annum, 91% of the median. (23 countries reporting)
Biggest year-on-year movements
Years where Africa's Development: Annual real GDP growth rate Growth rate … 02 in Australia changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 1992 | +359.8% | -0.9949 Percent per annum | 2.58 Percent per annum |
| 2021 | +360.9% | -2.13 Percent per annum | 5.55 Percent per annum |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 3.26 Percent per annum | -0.9949 Percent per annum | 4.85 Percent per annum | 10 |
| 2000s | 3.15 Percent per annum | 1.97 Percent per annum | 4.37 Percent per annum | 10 |
| 2010s | 2.6 Percent per annum | 1.82 Percent per annum | 3.8 Percent per annum | 10 |
| 2020s | 2.16 Percent per annum | -2.13 Percent per annum | 5.55 Percent per annum | 10 |
Countries ranked near Australia
- 117 Luxembourg 2.3 Percent per annum compare
- 118 Libya 2.3 Percent per annum compare
- 120 Turkmenistan 2.25 Percent per annum compare
- 121 Uruguay 2.2 Percent per annum compare
- 122 United States 2.12 Percent per annum compare
More economy & growth data for Australia
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 1.36 Percent per annum (2029)
- SDRs holdings, US dollar, annual growth rate 15.83 % change on previous year (2025)
- SDRs holdings, US dollar, per unit of GDP 0.0083 units per US$ of GDP (2025)
- SDRs holdings, US dollar, per capita 537.43 units per person (2025)
- SDRs holdings, SDR, annual growth rate 10.3 % change on previous year (2025)
- SDRs holdings, SDR, per unit of GDP 0.006 units per US$ of GDP (2025)
- SDRs holdings, SDR, per capita 392.43 units per person (2025)
- IMF holdings of currency, US dollar, annual growth rate 2.82 % change on previous year (2025)
- IMF holdings of currency, US dollar, per unit of GDP 0.0037 units per US$ of GDP (2025)
- IMF holdings of currency, US dollar, per capita 242.23 units per person (2025)
Frequently asked questions
- What is africa's development dynamics (afdd) table 02 - annual real gdp in Australia?
- Africa's development dynamics (afdd) table 02 - annual real gdp in Australia was 2.26 Percent per annum in 2029, according to Organisation for Economic Co-operation and Development.
- What is the highest africa's development dynamics (afdd) table 02 - annual real gdp recorded in Australia?
- The highest recorded value was 5.55 Percent per annum in 2021.
- What is the lowest africa's development dynamics (afdd) table 02 - annual real gdp recorded in Australia?
- The lowest recorded value was -2.13 Percent per annum in 2020.
- How does Australia rank for africa's development dynamics (afdd) table 02 - annual real gdp?
- Australia ranks 119th out of 166 countries with data for 2029.
- Is africa's development dynamics (afdd) table 02 - annual real gdp rising or falling in Australia?
- Over the last ten years it is up 24.4%. The long-run trend across the full record is volatile.
- Where does this Australia data come from?
- The figures come from Organisation for Economic Co-operation and Development, published as part of Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP growth rate — Growth rate of real gross domestic product. Statizoid updates them automatically from the source API.
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About this data
The Statistical Annex to the annual Africa's Development Dynamics (AFDD) report is a collection of development indicators that were gathered and analysed while conducting the research that went into the report. These data are also available online for free viewing or download at https://oe.cd/AFDD-2024, a bilingual website which links to the electronic version of the Africa's Development Dynamics book in both English and French. Table 2 shows the full time series of annual real GDP growth, up to present, and including projected real GDP growth rates over the next five years.