Annual growth of the general government final consumption expenditure in Australia and New Zealand
Australia and New Zealand: Annual growth of the general government final consumption expenditure was 3.6% in 2024. ▲ Rising
Annual growth of the general government final consumption expenditure in Australia and New Zealand, 2000–2024
Source: United Nations Statistics Division, SDG Global Database.
Analysis
Australia and New Zealand recorded 3.6% for annual growth of the general government final consumption expenditure in 2024.
The figure is up 102.1% on the previous year and up 97.3% over ten years.
Over the whole period, annual growth of the general government final consumption expenditure in Australia and New Zealand peaked at 7.3% in 2020 and was at its lowest, 0.7%, in 2013.
Australia and New Zealand ranks 68th of 181 countries on this measure, in the middle of the range.
The long-run direction has been consistently rising across the 25 years of available data.
Annual growth of the general government final consumption expenditure in Australia and New Zealand, year by year
| Year | Value | Change |
|---|---|---|
| 2000 | 3.0% | — |
| 2001 | 2.1% | -29.4% |
| 2002 | 3.1% | +48.3% |
| 2003 | 3.1% | -2.2% |
| 2004 | 4.5% | +48.0% |
| 2005 | 3.4% | -24.4% |
| 2006 | 3.1% | -9.3% |
| 2007 | 3.3% | +5.6% |
| 2008 | 3.2% | -2.9% |
| 2009 | 3.6% | +12.9% |
| 2010 | 1.7% | -52.9% |
| 2011 | 2.9% | +74.4% |
| 2012 | 3.3% | +13.3% |
| 2013 | 0.7% | -78.5% |
| 2014 | 1.8% | +151.0% |
| 2015 | 2.2% | +21.1% |
| 2016 | 4.5% | +104.5% |
| 2017 | 4.8% | +7.0% |
| 2018 | 3.5% | -26.4% |
| 2019 | 5.1% | +45.1% |
| 2020 | 7.3% | +43.5% |
| 2021 | 6.7% | -8.4% |
| 2022 | 6.3% | -5.5% |
| 2023 | 1.8% | -72.2% |
| 2024 | 3.6% | +102.1% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 3.2% | 2.1% | 4.5% | 10 |
| 2010s | 3.1% | 0.7% | 5.1% | 10 |
| 2020s | 5.1% | 1.8% | 7.3% | 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 growth of the general government final consumption expenditure in Australia and New Zealand?
- Annual growth of the general government final consumption expenditure in Australia and New Zealand was 3.6% in 2024, according to United Nations Statistics Division, SDG Global Database.
- What is the highest annual growth of the general government final consumption expenditure recorded in Australia and New Zealand?
- The highest recorded value was 7.3% in 2020.
- What is the lowest annual growth of the general government final consumption expenditure recorded in Australia and New Zealand?
- The lowest recorded value was 0.7% in 2013.
- How does Australia and New Zealand rank for annual growth of the general government final consumption expenditure?
- Australia and New Zealand ranks 68th out of 181 countries with data for 2024.
- Is annual growth of the general government final consumption expenditure rising or falling in Australia and New Zealand?
- Over the last ten years it is up 97.3%. The long-run trend across the full record is rising.
- 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 growth of the general government final consumption expenditure (%). Statizoid updates them automatically from the source API.
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