Annual GDP growth in Australia and New Zealand
Australia and New Zealand: Annual GDP growth was 1.4% in 2024. ▼ Falling
Annual GDP growth in Australia and New Zealand, 2000–2024
Source: United Nations Statistics Division, SDG Global Database. Measured in %.
Analysis
The most recent figure for annual gdp growth in Australia and New Zealand is 1.4%, measured in 2024.
Compared with earlier readings it is down 58.9% on the previous year and down 50.2% over ten years.
Over the whole period, annual gdp growth in Australia and New Zealand peaked at 4.2% in 2004 and was at its lowest, -0.2%, in 2020.
That places Australia and New Zealand 172nd out of 228 countries with data for 2024, putting it in the bottom quarter.
The long-run direction has been consistently falling across the 25 years of available data.
Annual GDP growth in Australia and New Zealand, year by year
| Year | % | Change |
|---|---|---|
| 2000 | 3.8% | — |
| 2001 | 2.2% | -42.0% |
| 2002 | 4.0% | +84.0% |
| 2003 | 3.3% | -18.6% |
| 2004 | 4.2% | +27.7% |
| 2005 | 3.2% | -24.3% |
| 2006 | 2.8% | -12.8% |
| 2007 | 3.7% | +33.4% |
| 2008 | 3.1% | -17.5% |
| 2009 | 1.7% | -43.7% |
| 2010 | 2.1% | +23.5% |
| 2011 | 2.4% | +11.2% |
| 2012 | 3.8% | +59.7% |
| 2013 | 2.6% | -29.8% |
| 2014 | 2.7% | +3.5% |
| 2015 | 2.3% | -14.6% |
| 2016 | 2.9% | +22.9% |
| 2017 | 2.4% | -15.8% |
| 2018 | 2.9% | +21.7% |
| 2019 | 2.2% | -25.0% |
| 2020 | -0.2% | -107.0% |
| 2021 | 2.3% | -1596.3% |
| 2022 | 4.2% | +80.4% |
| 2023 | 3.3% | -20.2% |
| 2024 | 1.4% | -58.9% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 3.2% | 1.7% | 4.2% | 10 |
| 2010s | 2.6% | 2.1% | 3.8% | 10 |
| 2020s | 2.2% | -0.2% | 4.2% | 5 |
Countries ranked near Australia and New Zealand
More economy & growth data for Australia and New Zealand
- Gross Domestic Product — Value US$ per capita, 2015 prices 54,411 USD (2024)
- Gross Domestic Product — Annual growth US$, 2015 prices 1.23 % (2024)
- Gross Domestic Product — Annual growth US$ per capita 2.24 % (2024)
- Gross Domestic Product — Annual growth US$ 3.22 % (2024)
- Gross Domestic Product — Value US$, 2015 prices 1.74 million million USD (2024)
- Gross Fixed Capital Formation — Annual growth US$ 7.42 % (2024)
- Gross Domestic Product — Value US$ 2.09 million million USD (2024)
- Gross Domestic Product — Value US$ per capita 65,559 USD (2024)
- Gross Domestic Product — Annual growth US$ per capita, 2015 prices 0.268 % (2024)
- Gross Fixed Capital Formation — Annual growth US$, 2015 prices 4.44 % (2024)
Frequently asked questions
- What is annual gdp growth in Australia and New Zealand?
- Annual gdp growth in Australia and New Zealand was 1.4% in 2024, according to United Nations Statistics Division, SDG Global Database.
- What is the highest annual gdp growth recorded in Australia and New Zealand?
- The highest recorded value was 4.2% in 2004.
- What is the lowest annual gdp growth recorded in Australia and New Zealand?
- The lowest recorded value was -0.2% in 2020.
- How does Australia and New Zealand rank for annual gdp growth?
- Australia and New Zealand ranks 172nd out of 228 countries with data for 2024.
- Is annual gdp growth rising or falling in Australia and New Zealand?
- Over the last ten years it is down 50.2%. The long-run trend across the full record is falling.
- Where does this Australia and New Zealand data come from?
- The figures come from United Nations Statistics Division, SDG Global Database, published as part of Annual GDP growth (%). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 25 observations, free to reuse under UN SDG Global Database (open, attribution requested).