Gross domestic product (GDP), Constant prices, Percent change in Australia
Australia: Gross domestic product (GDP), Constant prices, Percent change was 2.33 in 2031. ◆ Volatile
Gross domestic product (GDP), Constant prices, Percent change in Australia, 1980–2031
Source: International Monetary Fund.
Analysis
The most recent figure for gross domestic product (gdp), constant prices, percent change in Australia is 2.33, measured in 2031.
The figure is up 2.9% on the previous year and down 56.6% over ten years.
Over the whole period, gross domestic product (gdp), constant prices, percent change in Australia peaked at 6.35 in 1984 and was at its lowest, -2.04, in 2020.
Australia ranks 19th of 26 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.
Gross domestic product (GDP), Constant prices, Percent change in Australia, year by year
| Year | Value | Change |
|---|---|---|
| 1980 | 2.89 | — |
| 1981 | 4.13 | +42.6% |
| 1982 | 0.0627 | -98.5% |
| 1983 | -0.4736 | -855.0% |
| 1984 | 6.35 | -1440.0% |
| 1985 | 5.46 | -14.0% |
| 1986 | 2.45 | -55.1% |
| 1987 | 4.89 | +99.9% |
| 1988 | 4.25 | -13.1% |
| 1989 | 4.63 | +8.9% |
| 1990 | 1.49 | -67.9% |
| 1991 | -0.9858 | -166.3% |
| 1992 | 2.6 | -364.0% |
| 1993 | 3.92 | +50.6% |
| 1994 | 4.88 | +24.4% |
| 1995 | 2.96 | -39.3% |
| 1996 | 3.97 | +34.1% |
| 1997 | 4.72 | +19.0% |
| 1998 | 4.69 | -0.8% |
| 1999 | 4.42 | -5.7% |
| 2000 | 3.11 | -29.7% |
| 2001 | 2.58 | -16.9% |
| 2002 | 4.15 | +60.5% |
| 2003 | 3.02 | -27.2% |
| 2004 | 4.1 | +36.0% |
| 2005 | 3.04 | -25.9% |
| 2006 | 2.64 | -13.3% |
| 2007 | 4.36 | +65.3% |
| 2008 | 2.66 | -38.9% |
| 2009 | 1.98 | -25.8% |
| 2010 | 2.43 | +22.8% |
| 2011 | 2.75 | +13.3% |
| 2012 | 3.87 | +40.9% |
| 2013 | 2.24 | -42.1% |
| 2014 | 2.56 | +14.1% |
| 2015 | 2.32 | -9.3% |
| 2016 | 2.7 | +16.5% |
| 2017 | 2.39 | -11.7% |
| 2018 | 2.79 | +16.8% |
| 2019 | 1.97 | -29.2% |
| 2020 | -2.04 | -203.5% |
| 2021 | 5.36 | -362.3% |
| 2022 | 4.21 | -21.5% |
| 2023 | 2.14 | -49.3% |
| 2024 | 1 | -53.0% |
| 2025 | 1.97 | +96.3% |
| 2026 | 2.01 | +1.9% |
| 2027 | 1.7 | -15.5% |
| 2028 | 1.86 | +9.3% |
| 2029 | 2.06 | +10.9% |
| 2030 | 2.26 | +9.8% |
| 2031 | 2.33 | +2.9% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 3.46 | -0.4736 | 6.35 | 10 |
| 1990s | 3.27 | -0.9858 | 4.88 | 10 |
| 2000s | 3.16 | 1.98 | 4.36 | 10 |
| 2010s | 2.6 | 1.97 | 3.87 | 10 |
| 2020s | 2.03 | -2.04 | 5.36 | 10 |
| 2030s | 2.29 | 2.26 | 2.33 | 2 |
Countries ranked near Australia
- 16 Poland 2.48 compare
- 17 Lithuania 2.4 compare
- 18 Latvia 2.37 compare
- 20 Hong Kong, China 2.17 compare
- 21 Chinese Taipei 2.12 compare
- 22 Iran, Islamic Republic of 2.06 compare
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)
- Foreign direct investment, net outflows (BoP, current US$), gaps -4.55 billion BoP, current US$ (2025)
- Foreign direct investment, net outflows (BoP, current US$), per unit -0.0025 BoP, current US$ per US$ of GDP (2025)
- Foreign direct investment, net outflows (BoP, current US$), per capita -164.69 BoP, current US$ per person (2025)
- Foreign direct investment, net inflows (BoP, current US$), gaps filled 36.52 billion BoP, current US$ (2025)
- Foreign direct investment, net inflows (BoP, current US$), annual -32.02 % change on previous year (2025)
- Foreign direct investment, net inflows (BoP, current US$), per unit 0.0203 BoP, current US$ per US$ of GDP (2025)
- Foreign direct investment, net inflows (BoP, current US$), per capita 1,323 BoP, current US$ per person (2025)
- Total reserves (includes gold, current US$), annual growth rate 20.24 % change on previous year (2025)
Frequently asked questions
- What is gross domestic product (gdp), constant prices, percent change in Australia?
- Gross domestic product (gdp), constant prices, percent change in Australia was 2.33 in 2031, according to International Monetary Fund.
- What is the highest gross domestic product (gdp), constant prices, percent change recorded in Australia?
- The highest recorded value was 6.35 in 1984.
- What is the lowest gross domestic product (gdp), constant prices, percent change recorded in Australia?
- The lowest recorded value was -2.04 in 2020.
- How does Australia rank for gross domestic product (gdp), constant prices, percent change?
- Australia ranks 19th out of 26 countries with data for 2031.
- Is gross domestic product (gdp), constant prices, percent change rising or falling in Australia?
- Over the last ten years it is down 56.6%. The long-run trend across the full record is volatile.
- Where does this Australia data come from?
- The figures come from International Monetary Fund, published as part of Gross domestic product (GDP), Constant prices, Percent change (9/26/2025). Statizoid updates them automatically from the source API.
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About this data
The World Economic Outlook (WEO) database is created during the biannual WEO exercise, which begins in January and June of each year and results in the April and September/October WEO publication. Selected series from the publication are available in a database format.