Economic Outlook No 117: Private final consumption … Private volume in Australia
Australia: Economic Outlook No 117: Private final consumption … Private volume was 2.32 in 2026. ◆ Volatile
Economic Outlook No 117 — Private final consumption expenditure in Australia, 1961–2026
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 2.32, measured in 2026.
Compared with earlier readings it is up 57.5% on the previous year and down 12.7% over ten years.
Over the whole period, economic outlook no 117 — private final consumption expenditure in Australia peaked at 7.32 in 2022 and was at its lowest, -5.99, in 2020.
That places Australia 12th out of 38 countries with data for 2026, putting it 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 … Private volume in Australia, year by year
| Year | Value | Change |
|---|---|---|
| 1961 | 0.1982 | — |
| 1962 | 5.47 | +2659.6% |
| 1963 | 6.19 | +13.1% |
| 1964 | 5.86 | -5.3% |
| 1965 | 3.96 | -32.3% |
| 1966 | 3.69 | -6.8% |
| 1967 | 5.12 | +38.5% |
| 1968 | 5.3 | +3.6% |
| 1969 | 5.93 | +11.9% |
| 1970 | 5.24 | -11.7% |
| 1971 | 3.26 | -37.7% |
| 1972 | 3.45 | +5.7% |
| 1973 | 6.49 | +88.1% |
| 1974 | 5.6 | -13.7% |
| 1975 | 2.57 | -54.2% |
| 1976 | 3.15 | +22.8% |
| 1977 | 3.22 | +2.3% |
| 1978 | 2.12 | -34.1% |
| 1979 | 1.21 | -43.2% |
| 1980 | 2.64 | +119.0% |
| 1981 | 4.6 | +74.4% |
| 1982 | 4.36 | -5.4% |
| 1983 | 1.2 | -72.5% |
| 1984 | 0.4357 | -63.7% |
| 1985 | 3.82 | +777.0% |
| 1986 | 2.59 | -32.2% |
| 1987 | 2.55 | -1.6% |
| 1988 | 3.56 | +39.7% |
| 1989 | 5.51 | +54.8% |
| 1990 | 2.51 | -54.5% |
| 1991 | 0.9577 | -61.8% |
| 1992 | 2.84 | +196.9% |
| 1993 | 1.43 | -49.6% |
| 1994 | 3.49 | +143.4% |
| 1995 | 4.09 | +17.3% |
| 1996 | 2.9 | -29.1% |
| 1997 | 4.22 | +45.6% |
| 1998 | 5.04 | +19.4% |
| 1999 | 5.4 | +7.3% |
| 2000 | 3.4 | -37.2% |
| 2001 | 2.95 | -13.1% |
| 2002 | 4.23 | +43.5% |
| 2003 | 3.9 | -7.8% |
| 2004 | 5.97 | +53.0% |
| 2005 | 3.14 | -47.4% |
| 2006 | 4.28 | +36.5% |
| 2007 | 5.84 | +36.2% |
| 2008 | 1.89 | -67.6% |
| 2009 | 1.78 | -5.7% |
| 2010 | 4.13 | +131.5% |
| 2011 | 3.23 | -21.8% |
| 2012 | 2.73 | -15.6% |
| 2013 | 1.75 | -35.8% |
| 2014 | 2.64 | +51.0% |
| 2015 | 2.55 | -3.4% |
| 2016 | 2.66 | +4.0% |
| 2017 | 2.54 | -4.2% |
| 2018 | 2.52 | -0.8% |
| 2019 | 0.9065 | -64.1% |
| 2020 | -5.99 | -761.2% |
| 2021 | 5.13 | -185.6% |
| 2022 | 7.32 | +42.6% |
| 2023 | 2.4 | -67.1% |
| 2024 | 0.6322 | -73.7% |
| 2025 | 1.47 | +132.7% |
| 2026 | 2.32 | +57.5% |
Australia compared with similar countries
- Australia's 2.32 is above the median for high income countries, which is 1.69, 1.4× the median. (29 countries reporting)
Biggest year-on-year movements
Years where Economic Outlook No 117: Private final consumption … Private volume 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 |
|---|---|---|---|
| 1962 | +2659.6% | 0.1982 | 5.47 |
| 1985 | +777.0% | 0.4357 | 3.82 |
| 2020 | -761.2% | 0.9065 | -5.99 |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 4.64 | 0.1982 | 6.19 | 9 |
| 1970s | 3.63 | 1.21 | 6.49 | 10 |
| 1980s | 3.13 | 0.4357 | 5.51 | 10 |
| 1990s | 3.29 | 0.9577 | 5.4 | 10 |
| 2000s | 3.74 | 1.78 | 5.97 | 10 |
| 2010s | 2.57 | 0.9065 | 4.13 | 10 |
| 2020s | 1.9 | -5.99 | 7.32 | 7 |
Countries ranked near Australia
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 economic outlook no 117 — private final consumption expenditure in Australia?
- Economic outlook no 117 — private final consumption expenditure in Australia was 2.32 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 7.32 in 2022.
- What is the lowest economic outlook no 117 — private final consumption expenditure recorded in Australia?
- The lowest recorded value was -5.99 in 2020.
- How does Australia rank for economic outlook no 117 — private final consumption expenditure?
- Australia ranks 12th out of 38 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 down 12.7%. 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, volume, growth. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 66 observations, free to reuse under OECD Terms and Conditions (attribution required).
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