Economic Outlook No 117 — Private final consumption expenditure in Australia
Australia: Economic Outlook No 117 — Private final consumption expenditure was 1.52 trillion in 2026. ◆ Volatile
Economic Outlook No 117 — Private final consumption expenditure in Australia, 1960–2026
Source: Organisation for Economic Co-operation and Development.
Analysis
The most recent figure for economic outlook no 117 — private final consumption expenditure in Australia is 1.52 trillion, measured in 2026. That is the highest value across all 67 years on record.
Compared with earlier readings it is up 4.6% on the previous year and up 58.5% over ten years.
Over the whole period, economic outlook no 117 — private final consumption expenditure in Australia peaked at 1.52 trillion in 2026 and was at its lowest, 10.02 billion, in 1960.
Australia ranks 11th of 24 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.
Economic Outlook No 117 — Private final consumption expenditure in Australia, year by year
| Year | Value | Change |
|---|---|---|
| 1960 | 10.02 billion | — |
| 1961 | 10.24 billion | +2.2% |
| 1962 | 10.88 billion | +6.3% |
| 1963 | 11.70 billion | +7.5% |
| 1964 | 12.71 billion | +8.6% |
| 1965 | 13.66 billion | +7.5% |
| 1966 | 14.60 billion | +6.9% |
| 1967 | 15.88 billion | +8.8% |
| 1968 | 17.27 billion | +8.7% |
| 1969 | 19.01 billion | +10.1% |
| 1970 | 20.96 billion | +10.3% |
| 1971 | 23.20 billion | +10.7% |
| 1972 | 25.51 billion | +9.9% |
| 1973 | 29.52 billion | +15.7% |
| 1974 | 35.99 billion | +21.9% |
| 1975 | 43.17 billion | +19.9% |
| 1976 | 50.77 billion | +17.6% |
| 1977 | 57.77 billion | +13.8% |
| 1978 | 63.99 billion | +10.8% |
| 1979 | 70.95 billion | +10.9% |
| 1980 | 80.36 billion | +13.3% |
| 1981 | 91.87 billion | +14.3% |
| 1982 | 105.82 billion | +15.2% |
| 1983 | 116.91 billion | +10.5% |
| 1984 | 124.89 billion | +6.8% |
| 1985 | 138.37 billion | +10.8% |
| 1986 | 153.48 billion | +10.9% |
| 1987 | 169.59 billion | +10.5% |
| 1988 | 187.71 billion | +10.7% |
| 1989 | 211.02 billion | +12.4% |
| 1990 | 230.17 billion | +9.1% |
| 1991 | 240.90 billion | +4.7% |
| 1992 | 252.34 billion | +4.7% |
| 1993 | 261.30 billion | +3.5% |
| 1994 | 274.68 billion | +5.1% |
| 1995 | 293.85 billion | +7.0% |
| 1996 | 308.35 billion | +4.9% |
| 1997 | 325.59 billion | +5.6% |
| 1998 | 346.57 billion | +6.4% |
| 1999 | 369.46 billion | +6.6% |
| 2000 | 395.12 billion | +6.9% |
| 2001 | 420.80 billion | +6.5% |
| 2002 | 450.29 billion | +7.0% |
| 2003 | 477.39 billion | +6.0% |
| 2004 | 513.17 billion | +7.5% |
| 2005 | 540.75 billion | +5.4% |
| 2006 | 583.96 billion | +8.0% |
| 2007 | 637.30 billion | +9.1% |
| 2008 | 670.04 billion | +5.1% |
| 2009 | 699.13 billion | +4.3% |
| 2010 | 743.23 billion | +6.3% |
| 2011 | 784.22 billion | +5.5% |
| 2012 | 823.88 billion | +5.1% |
| 2013 | 856.96 billion | +4.0% |
| 2014 | 894.46 billion | +4.4% |
| 2015 | 929.08 billion | +3.9% |
| 2016 | 959.70 billion | +3.3% |
| 2017 | 996.42 billion | +3.8% |
| 2018 | 1.04 trillion | +4.3% |
| 2019 | 1.07 trillion | +2.7% |
| 2020 | 1.02 trillion | -4.8% |
| 2021 | 1.09 trillion | +7.3% |
| 2022 | 1.23 trillion | +13.1% |
| 2023 | 1.33 trillion | +8.3% |
| 2024 | 1.40 trillion | +4.7% |
| 2025 | 1.45 trillion | +4.1% |
| 2026 | 1.52 trillion | +4.6% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 13.60 billion | 10.02 billion | 19.01 billion | 10 |
| 1970s | 42.18 billion | 20.96 billion | 70.95 billion | 10 |
| 1980s | 138.00 billion | 80.36 billion | 211.02 billion | 10 |
| 1990s | 290.32 billion | 230.17 billion | 369.46 billion | 10 |
| 2000s | 538.80 billion | 395.12 billion | 699.13 billion | 10 |
| 2010s | 909.35 billion | 743.23 billion | 1.07 trillion | 10 |
| 2020s | 1.29 trillion | 1.02 trillion | 1.52 trillion | 7 |
Countries ranked near Australia
More economy & growth data for Australia
- 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)
- Gross value added at basic prices (GVA) (current US$), annual growth 2.3 % change on previous year (2025)
- Gross value added at basic prices (GVA) (current US$), per unit of GDP 0.9365 current US$ per US$ of GDP (2025)
- Gross value added at basic prices (GVA) (current US$), per capita 60,991 current US$ per person (2025)
- Gross value added at basic prices (GVA) (current LCU), annual growth 3.62 % change on previous year (2025)
- Gross value added at basic prices (GVA) (current LCU), per unit of GDP 1.45 current LCU per US$ of GDP (2025)
- Gross value added at basic prices (GVA) (current LCU), per capita 94,238 current LCU per person (2025)
- Gross value added at basic prices (GVA) (constant 2015 US$), annual 1.25 % change on previous year (2025)
- Gross value added at basic prices (GVA) (constant 2015 US$), per unit 0.8814 constant 2015 US$ per US$ of GDP (2025)
Frequently asked questions
- What is economic outlook no 117 — private final consumption expenditure in Australia?
- Economic outlook no 117 — private final consumption expenditure in Australia was 1.52 trillion in 2026, according to Organisation for Economic Co-operation and Development.
- What is the highest economic outlook no 117 — private final consumption expenditure recorded in Australia?
- The highest recorded value was 1.52 trillion in 2026.
- What is the lowest economic outlook no 117 — private final consumption expenditure recorded in Australia?
- The lowest recorded value was 10.02 billion in 1960.
- How does Australia rank for economic outlook no 117 — private final consumption expenditure?
- Australia ranks 11th out of 24 countries with data for 2026.
- Is economic outlook no 117 — private final consumption expenditure rising or falling in Australia?
- Over the last ten years it is up 58.5%. 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 Economic Outlook No 117 — Private final consumption expenditure, nominal value, appropriation account. Statizoid updates them automatically from the source API.
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About this data
The OECD Economic Outlook presents the OECD’s analysis of the major global economic trends and prospects for the next two years. The Outlook puts forward a consistent set of projections for output, employment, government spending, prices and current balances based on a review of each member country and of the induced effect on each of them on international developments. OECD (2025), OECD Economic Outlook No 117 (Edition 2025/1) EO117 Database documentation EO117 Last historical points gdp inflation cpi population unemployment real gdp gdp per capita employment OECD Economic Outlook website: https://www.oecd.org/economic-outlook/ Contact : eco.outlook@oecd.org Keywords : Outlook, forecasts, forecast, GDP