Annual GDP growth (%) in Australia
Australia: Annual GDP growth (%) was 1.4% in 2024. ▼ Falling
Annual GDP growth in Australia, 2000–2024
Source: United Nations Statistics Division, SDG Global Database. Measured in %.
Analysis
The most recent figure for annual gdp growth in Australia is 1.4%, measured in 2024.
Compared with earlier readings it is down 61.7% on the previous year and down 47.2% over ten years.
Over the whole period, annual gdp growth in Australia peaked at 4.3% in 2022 and was at its lowest, -0.1%, in 2020.
That places Australia 173rd out of 230 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, year by year
| Year | % | Change |
|---|---|---|
| 2000 | 3.9% | — |
| 2001 | 2.0% | -48.1% |
| 2002 | 3.9% | +94.4% |
| 2003 | 3.1% | -21.7% |
| 2004 | 4.2% | +36.5% |
| 2005 | 3.2% | -25.2% |
| 2006 | 2.8% | -12.2% |
| 2007 | 3.8% | +36.8% |
| 2008 | 3.6% | -4.4% |
| 2009 | 2.0% | -46.1% |
| 2010 | 2.2% | +13.1% |
| 2011 | 2.4% | +8.4% |
| 2012 | 4.0% | +65.0% |
| 2013 | 2.7% | -32.8% |
| 2014 | 2.6% | -2.0% |
| 2015 | 2.2% | -16.8% |
| 2016 | 2.8% | +27.3% |
| 2017 | 2.3% | -16.8% |
| 2018 | 2.9% | +25.3% |
| 2019 | 2.2% | -23.7% |
| 2020 | -0.1% | -106.1% |
| 2021 | 2.0% | -1603.0% |
| 2022 | 4.3% | +111.9% |
| 2023 | 3.6% | -15.7% |
| 2024 | 1.4% | -61.7% |
Australia compared with similar countries
- Australia's 1.4% is below the median for high income countries, which is 2.1%, 65% of the median. (80 countries reporting)
- Australia's 1.4% is below the median for East Asia & Pacific, which is 3.5%, 39% of the median. (33 countries reporting)
Biggest year-on-year movements
Years where Annual GDP growth (%) 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 |
|---|---|---|---|
| 2021 | +1603.0% | -0.1% | 2.0% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 3.3% | 2.0% | 4.2% | 10 |
| 2010s | 2.6% | 2.2% | 4.0% | 10 |
| 2020s | 2.2% | -0.1% | 4.3% | 5 |
Countries ranked near Australia
- 170 Mexico 1.4% compare
- 171 Nauru 1.4% compare
- 171 Naoero 1.4% compare
- 174 Australia and New Zealand 1.4% compare
- 175 Switzerland 1.3% compare
- 176 New Zealand 1.3% compare
More economy & growth data for Australia
- Real gdp growth, annual growth rate 96.31 % change on previous year (2025)
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 1.36 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 2.26 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)
Frequently asked questions
- What is annual gdp growth in Australia?
- Annual gdp growth in Australia was 1.4% in 2024, according to United Nations Statistics Division, SDG Global Database.
- What is the highest annual gdp growth recorded in Australia?
- The highest recorded value was 4.3% in 2022.
- What is the lowest annual gdp growth recorded in Australia?
- The lowest recorded value was -0.1% in 2020.
- How does Australia rank for annual gdp growth?
- Australia ranks 173rd out of 230 countries with data for 2024.
- Is annual gdp growth rising or falling in Australia?
- Over the last ten years it is down 47.2%. The long-run trend across the full record is falling.
- Where does this Australia 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).