Gross domestic product (GDP), Current prices, Domestic currency in Australia
Australia: Gross domestic product (GDP), Current prices, Domestic currency was 4.97 % change on previous year in 2019. ▼ Falling
Gross domestic product (GDP), Current prices, Domestic currency in Australia, 1961–2019
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
The most recent figure for gross domestic product (gdp), current prices, domestic currency in Australia is 4.97 % change on previous year, measured in 2019.
Compared with earlier readings it is down 2.7% on the previous year and up 131.3% over ten years.
Over the whole period, gross domestic product (gdp), current prices, domestic currency in Australia peaked at 19.44 % change on previous year in 1974 and was at its lowest, 0.7287 % change on previous year, in 1991.
Australia ranks 99th of 194 countries on this measure, in the middle of the range.
The long-run direction has been consistently falling across the 59 years of available data.
Gross domestic product (GDP), Current prices, Domestic currency in Australia, year by year
| Year | % change on previous year | Change |
|---|---|---|
| 1961 | 0.9195 % change on previous year | — |
| 1962 | 6.17 % change on previous year | +570.6% |
| 1963 | 9.16 % change on previous year | +48.6% |
| 1964 | 9.82 % change on previous year | +7.2% |
| 1965 | 7.51 % change on previous year | -23.6% |
| 1966 | 7 % change on previous year | -6.7% |
| 1967 | 10.69 % change on previous year | +52.6% |
| 1968 | 9.1 % change on previous year | -14.9% |
| 1969 | 12.38 % change on previous year | +36.0% |
| 1970 | 11.18 % change on previous year | -9.7% |
| 1971 | 10.54 % change on previous year | -5.7% |
| 1972 | 9.63 % change on previous year | -8.6% |
| 1973 | 18.08 % change on previous year | +87.6% |
| 1974 | 19.44 % change on previous year | +7.5% |
| 1975 | 16.74 % change on previous year | -13.9% |
| 1976 | 17.44 % change on previous year | +4.2% |
| 1977 | 11.32 % change on previous year | -35.1% |
| 1978 | 10.35 % change on previous year | -8.6% |
| 1979 | 14.76 % change on previous year | +42.7% |
| 1980 | 12.82 % change on previous year | -13.2% |
| 1981 | 14.46 % change on previous year | +12.8% |
| 1982 | 11.68 % change on previous year | -19.2% |
| 1983 | 8.31 % change on previous year | -28.8% |
| 1984 | 12.86 % change on previous year | +54.7% |
| 1985 | 11 % change on previous year | -14.5% |
| 1986 | 8.81 % change on previous year | -19.9% |
| 1987 | 12.5 % change on previous year | +41.9% |
| 1988 | 13.14 % change on previous year | +5.2% |
| 1989 | 12.49 % change on previous year | -5.0% |
| 1990 | 6.35 % change on previous year | -49.1% |
| 1991 | 0.7287 % change on previous year | -88.5% |
| 1992 | 3.78 % change on previous year | +418.1% |
| 1993 | 5.3 % change on previous year | +40.3% |
| 1994 | 6.02 % change on previous year | +13.6% |
| 1995 | 6.04 % change on previous year | +0.4% |
| 1996 | 6.06 % change on previous year | +0.4% |
| 1997 | 5.63 % change on previous year | -7.2% |
| 1998 | 5.54 % change on previous year | -1.6% |
| 1999 | 5.44 % change on previous year | -1.7% |
| 2000 | 7.7 % change on previous year | +41.4% |
| 2001 | 6.22 % change on previous year | -19.1% |
| 2002 | 7.22 % change on previous year | +15.9% |
| 2003 | 6.02 % change on previous year | -16.5% |
| 2004 | 7.75 % change on previous year | +28.7% |
| 2005 | 7.79 % change on previous year | +0.4% |
| 2006 | 7.9 % change on previous year | +1.5% |
| 2007 | 9.04 % change on previous year | +14.4% |
| 2008 | 9.16 % change on previous year | +1.4% |
| 2009 | 2.15 % change on previous year | -76.5% |
| 2010 | 8.04 % change on previous year | +274.4% |
| 2011 | 7.66 % change on previous year | -4.8% |
| 2012 | 3.25 % change on previous year | -57.6% |
| 2013 | 3.5 % change on previous year | +7.7% |
| 2014 | 2.92 % change on previous year | -16.7% |
| 2015 | 1.64 % change on previous year | -43.8% |
| 2016 | 3.84 % change on previous year | +134.4% |
| 2017 | 6.15 % change on previous year | +60.1% |
| 2018 | 5.11 % change on previous year | -17.0% |
| 2019 | 4.97 % change on previous year | -2.7% |
Australia compared with similar countries
- Australia's 4.97 % change on previous year is above the median for high income countries, which is 3.62 % change on previous year, 1.4× the median. (65 countries reporting)
- Australia's 4.97 % change on previous year is above the median for East Asia & Pacific, which is 4.53 % change on previous year, 1.1× the median. (31 countries reporting)
Biggest year-on-year movements
Years where Gross domestic product (GDP), Current prices, Domestic currency 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 | +570.6% | 0.9195 % change on previous year | 6.17 % change on previous year |
| 1992 | +418.1% | 0.7287 % change on previous year | 3.78 % change on previous year |
| 2010 | +274.4% | 2.15 % change on previous year | 8.04 % change on previous year |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 8.08 % change on previous year | 0.9195 % change on previous year | 12.38 % change on previous year | 9 |
| 1970s | 13.95 % change on previous year | 9.63 % change on previous year | 19.44 % change on previous year | 10 |
| 1980s | 11.81 % change on previous year | 8.31 % change on previous year | 14.46 % change on previous year | 10 |
| 1990s | 5.09 % change on previous year | 0.7287 % change on previous year | 6.35 % change on previous year | 10 |
| 2000s | 7.09 % change on previous year | 2.15 % change on previous year | 9.16 % change on previous year | 10 |
| 2010s | 4.71 % change on previous year | 1.64 % change on previous year | 8.04 % change on previous year | 10 |
Countries ranked near Australia
- 96 Bosnia and Herzegovina 5.34 % change on previous year compare
- 97 Slovakia 5.09 % change on previous year compare
- 98 Burkina Faso 5.03 % change on previous year compare
- 100 Gabon 4.83 % change on previous year compare
- 101 Russia 4.82 % change on previous year compare
- 102 West Bank and Gaza 4.81 % change on previous year 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)
- IMF holdings of currency, SDR, annual growth rate -2.08 % change on previous year (2025)
- IMF holdings of currency, SDR, per unit of GDP 0.0027 units per US$ of GDP (2025)
- IMF holdings of currency, SDR, per capita 176.87 units per person (2025)
- Lending to the IMF (GRA), SDR, per capita 0 units per person (2025)
- SDR Allocation, US dollar, annual growth rate 5.01 % change on previous year (2025)
- SDR Allocation, US dollar, per unit of GDP 0.0071 units per US$ of GDP (2025)
- SDR Allocation, US dollar, per capita 465.31 units per person (2025)
- SDR Allocation, SDR, annual growth rate 0 % change on previous year (2025)
Frequently asked questions
- What is gross domestic product (gdp), current prices, domestic currency in Australia?
- Gross domestic product (gdp), current prices, domestic currency in Australia was 4.97 % change on previous year in 2019, according to Statizoid (derived).
- What is the highest gross domestic product (gdp), current prices, domestic currency recorded in Australia?
- The highest recorded value was 19.44 % change on previous year in 1974.
- What is the lowest gross domestic product (gdp), current prices, domestic currency recorded in Australia?
- The lowest recorded value was 0.7287 % change on previous year in 1991.
- How does Australia rank for gross domestic product (gdp), current prices, domestic currency?
- Australia ranks 99th out of 194 countries with data for 2019.
- Is gross domestic product (gdp), current prices, domestic currency rising or falling in Australia?
- Over the last ten years it is up 131.3%. The long-run trend across the full record is falling.
- Where does this Australia data come from?
- The figures come from Statizoid (derived), published as part of Gross domestic product (GDP), Current prices, Domestic currency, annual growth rate. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 59 observations, free to reuse under Derived by Statizoid from the sources named on the page.
How this figure is calculated
The year-on-year percentage change in Gross domestic product (GDP), Current prices, Domestic currency. Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.
Computed from
- Gross domestic product (GDP), Current prices, Domestic currency International Monetary Fund
Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.
About this data
The year-on-year percentage change in Gross domestic product (GDP), Current prices, Domestic currency. Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.