Annual gdp growth in Australia
Australia: Annual gdp growth was 1.37 in 2024. ▼ Falling
Annual gdp growth in Australia, 2000–2024
Source: Our World in Data.
Analysis
Australia recorded 1.37 for annual gdp growth in 2024.
That represents a change of down 61.7% on the previous year and down 47.3% over ten years.
Over the whole period, annual gdp growth in Australia peaked at 4.25 in 2022 and was at its lowest, -0.13, in 2020.
That places Australia 160th out of 212 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 | Value | Change |
|---|---|---|
| 2000 | 3.92 | — |
| 2001 | 2.03 | -48.2% |
| 2002 | 3.95 | +94.6% |
| 2003 | 3.09 | -21.8% |
| 2004 | 4.22 | +36.6% |
| 2005 | 3.16 | -25.1% |
| 2006 | 2.77 | -12.3% |
| 2007 | 3.79 | +36.8% |
| 2008 | 3.62 | -4.5% |
| 2009 | 1.95 | -46.1% |
| 2010 | 2.21 | +13.3% |
| 2011 | 2.39 | +8.1% |
| 2012 | 3.95 | +65.3% |
| 2013 | 2.65 | -32.9% |
| 2014 | 2.6 | -1.9% |
| 2015 | 2.16 | -16.9% |
| 2016 | 2.76 | +27.8% |
| 2017 | 2.29 | -17.0% |
| 2018 | 2.87 | +25.3% |
| 2019 | 2.19 | -23.7% |
| 2020 | -0.13 | -105.9% |
| 2021 | 2.01 | -1646.2% |
| 2022 | 4.25 | +111.4% |
| 2023 | 3.58 | -15.8% |
| 2024 | 1.37 | -61.7% |
Australia compared with similar countries
- Australia's 1.37 is below the median for high income countries, which is 2.14, 64% of the median. (83 countries reporting)
- Australia's 1.37 is below the median for East Asia & Pacific, which is 3.26, 42% of the median. (36 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 | +1646.2% | -0.13 | 2.01 |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 3.25 | 1.95 | 4.22 | 10 |
| 2010s | 2.61 | 2.16 | 3.95 | 10 |
| 2020s | 2.22 | -0.13 | 4.25 | 5 |
Countries ranked near Australia
- 157 Central African Republic 1.5 compare
- 158 Mexico 1.43 compare
- 159 Nauru 1.39 compare
- 161 Switzerland 1.3 compare
- 162 New Zealand 1.29 compare
- 163 Czechia 1.23 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 1.37 in 2024, according to Our World in Data.
- What is the highest annual gdp growth recorded in Australia?
- The highest recorded value was 4.25 in 2022.
- What is the lowest annual gdp growth recorded in Australia?
- The lowest recorded value was -0.13 in 2020.
- How does Australia rank for annual gdp growth?
- Australia ranks 160th out of 212 countries with data for 2024.
- Is annual gdp growth rising or falling in Australia?
- Over the last ten years it is down 47.3%. The long-run trend across the full record is falling.
- Where does this Australia data come from?
- The figures come from Our World in Data, 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 CC BY 4.0 (Our World in Data).