Gross Domestic Product — Value Standard Local Currency, 2015 prices in Australia
Australia: Gross Domestic Product — Value Standard Local Currency, 2015 prices was 1.43 % change on previous year in 2024. ▼ Falling
Gross Domestic Product — Value Standard Local Currency, 2015 prices in Australia, 1971–2024
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
Australia recorded 1.43 % change on previous year for gross domestic product — value standard local currency, 2015 prices in 2024.
Compared with earlier readings it is down 34.6% over ten years.
Over the whole period, gross domestic product — value standard local currency, 2015 prices in Australia peaked at 5.76 % change on previous year in 1987 and was at its lowest, -2.22 % change on previous year, in 1982.
That places Australia 167th out of 223 countries with data for 2024, putting it in the middle of the range.
The long-run direction has been consistently falling across the 54 years of available data.
Gross Domestic Product — Value Standard Local Currency, 2015 prices in Australia, year by year
| Year | % change on previous year | Change |
|---|---|---|
| 1971 | 3.91 % change on previous year | — |
| 1972 | 2.62 % change on previous year | -33.0% |
| 1973 | 4.11 % change on previous year | +56.8% |
| 1974 | 1.34 % change on previous year | -67.5% |
| 1975 | 2.59 % change on previous year | +93.8% |
| 1976 | 3.6 % change on previous year | +38.9% |
| 1977 | 0.8935 % change on previous year | -75.1% |
| 1978 | 4.05 % change on previous year | +353.3% |
| 1979 | 3.04 % change on previous year | -25.1% |
| 1980 | 3.34 % change on previous year | +10.0% |
| 1981 | 3.33 % change on previous year | -0.4% |
| 1982 | -2.22 % change on previous year | -166.9% |
| 1983 | 4.59 % change on previous year | -306.5% |
| 1984 | 5.28 % change on previous year | +14.9% |
| 1985 | 3.97 % change on previous year | -24.9% |
| 1986 | 2.56 % change on previous year | -35.5% |
| 1987 | 5.76 % change on previous year | +125.0% |
| 1988 | 3.87 % change on previous year | -32.7% |
| 1989 | 3.58 % change on previous year | -7.6% |
| 1990 | -0.3823 % change on previous year | -110.7% |
| 1991 | 0.4284 % change on previous year | -212.1% |
| 1992 | 4.05 % change on previous year | +844.7% |
| 1993 | 3.98 % change on previous year | -1.6% |
| 1994 | 3.89 % change on previous year | -2.4% |
| 1995 | 3.86 % change on previous year | -0.6% |
| 1996 | 3.91 % change on previous year | +1.3% |
| 1997 | 4.66 % change on previous year | +19.2% |
| 1998 | 5.03 % change on previous year | +7.8% |
| 1999 | 3.92 % change on previous year | -22.0% |
| 2000 | 2.03 % change on previous year | -48.4% |
| 2001 | 3.98 % change on previous year | +96.5% |
| 2002 | 3.09 % change on previous year | -22.3% |
| 2003 | 4.22 % change on previous year | +36.6% |
| 2004 | 3.15 % change on previous year | -25.3% |
| 2005 | 2.76 % change on previous year | -12.6% |
| 2006 | 3.77 % change on previous year | +36.9% |
| 2007 | 3.59 % change on previous year | -5.0% |
| 2008 | 1.89 % change on previous year | -47.2% |
| 2009 | 2.22 % change on previous year | +17.3% |
| 2010 | 2.41 % change on previous year | +8.4% |
| 2011 | 3.92 % change on previous year | +62.7% |
| 2012 | 2.6 % change on previous year | -33.6% |
| 2013 | 2.6 % change on previous year | -0.3% |
| 2014 | 2.19 % change on previous year | -15.6% |
| 2015 | 2.76 % change on previous year | +26.0% |
| 2016 | 2.28 % change on previous year | -17.4% |
| 2017 | 2.88 % change on previous year | +26.2% |
| 2018 | 2.17 % change on previous year | -24.6% |
| 2019 | -0.1195 % change on previous year | -105.5% |
| 2020 | 2.11 % change on previous year | -1866.4% |
| 2021 | 4.24 % change on previous year | +101.0% |
| 2022 | 3.44 % change on previous year | -18.9% |
| 2023 | 1.43 % change on previous year | -58.4% |
| 2024 | 1.43 % change on previous year | +0.0% |
Biggest year-on-year movements
Years where Gross Domestic Product — Value Standard Local Currency, 2015 prices 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 |
|---|---|---|---|
| 2020 | +1866.4% | -0.1195 % change on previous year | 2.11 % change on previous year |
| 1992 | +844.7% | 0.4284 % change on previous year | 4.05 % change on previous year |
| 1978 | +353.3% | 0.8935 % change on previous year | 4.05 % change on previous year |
| 1983 | +306.5% | -2.22 % change on previous year | 4.59 % change on previous year |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 2.9 % change on previous year | 0.8935 % change on previous year | 4.11 % change on previous year | 9 |
| 1980s | 3.4 % change on previous year | -2.22 % change on previous year | 5.76 % change on previous year | 10 |
| 1990s | 3.33 % change on previous year | -0.3823 % change on previous year | 5.03 % change on previous year | 10 |
| 2000s | 3.07 % change on previous year | 1.89 % change on previous year | 4.22 % change on previous year | 10 |
| 2010s | 2.37 % change on previous year | -0.1195 % change on previous year | 3.92 % change on previous year | 10 |
| 2020s | 2.53 % change on previous year | 1.43 % change on previous year | 4.24 % change on previous year | 5 |
Countries ranked near Australia
- 164 Central African Republic 1.54 % change on previous year compare
- 165 Canada 1.53 % change on previous year compare
- 166 Mexico 1.45 % change on previous year compare
- 168 Bolivia (Plurinational State of) 1.38 % change on previous year compare
- 169 Tunisia 1.35 % change on previous year compare
- 170 Switzerland 1.3 % 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)
- 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 — value standard local currency, 2015 prices in Australia?
- Gross domestic product — value standard local currency, 2015 prices in Australia was 1.43 % change on previous year in 2024, according to Statizoid (derived).
- What is the highest gross domestic product — value standard local currency, 2015 prices recorded in Australia?
- The highest recorded value was 5.76 % change on previous year in 1987.
- What is the lowest gross domestic product — value standard local currency, 2015 prices recorded in Australia?
- The lowest recorded value was -2.22 % change on previous year in 1982.
- How does Australia rank for gross domestic product — value standard local currency, 2015 prices?
- Australia ranks 167th out of 223 countries with data for 2024.
- Is gross domestic product — value standard local currency, 2015 prices rising or falling in Australia?
- Over the last ten years it is down 34.6%. 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 — Value Standard Local Currency, 2015 prices, annual growth rate. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 54 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 — Value Standard Local Currency, 2015 prices. Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.
Computed from
- Gross Domestic Product — Value Standard Local Currency, 2015 prices Food and Agriculture Organization of the United Nations
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 — Value Standard Local Currency, 2015 prices. Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.