Gross Domestic Product — Value US$, 2015 prices, annual growth rate in Australia
Australia: Gross Domestic Product — Value US$, 2015 prices, annual growth rate was 1.43 % change on previous year in 2024. ▼ Falling
Gross Domestic Product — Value US$, 2015 prices, annual growth rate in Australia, 1971–2024
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
The most recent figure for gross domestic product — value us$, 2015 prices, annual growth rate in Australia is 1.43 % change on previous year, measured in 2024.
Compared with earlier readings it is down 34.6% over ten years.
Over the whole period, gross domestic product — value us$, 2015 prices, annual growth rate in Australia peaked at 5.76 % change on previous year in 1987 and was at its lowest, -2.22 % change on previous year, in 1982.
Australia ranks 177th of 236 countries on this measure, in the middle of the range.
The long-run direction has been consistently falling across the 54 years of available data.
Gross Domestic Product — Value US$, 2015 prices, annual growth rate 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 | 3.59 % 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 | -0.3824 % change on previous year | -110.7% |
| 1991 | 0.4283 % change on previous year | -212.0% |
| 1992 | 4.05 % change on previous year | +844.9% |
| 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 | +36.7% |
| 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 | +62.8% |
| 2012 | 2.6 % change on previous year | -33.6% |
| 2013 | 2.6 % change on previous year | -0.2% |
| 2014 | 2.19 % change on previous year | -15.7% |
| 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 | +26.3% |
| 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 | -1867.1% |
| 2021 | 4.24 % change on previous year | +100.9% |
| 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 US$, 2015 prices, annual growth rate 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 | +1867.1% | -0.1195 % change on previous year | 2.11 % change on previous year |
| 1992 | +844.9% | 0.4283 % 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 | -0.3824 % 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
- 174 Canada 1.53 % change on previous year compare
- 175 Yugoslav SFR 1.5 % change on previous year compare
- 176 Mexico 1.45 % change on previous year compare
- 178 Bolivia (Plurinational State of) 1.38 % change on previous year compare
- 179 Tunisia 1.35 % change on previous year compare
- 180 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$), annual growth rate 20.24 % change on previous year (2025)
Frequently asked questions
- What is gross domestic product — value us$, 2015 prices, annual growth rate in Australia?
- Gross domestic product — value us$, 2015 prices, annual growth rate in Australia was 1.43 % change on previous year in 2024, according to Statizoid (derived).
- What is the highest gross domestic product — value us$, 2015 prices, annual growth rate recorded in Australia?
- The highest recorded value was 5.76 % change on previous year in 1987.
- What is the lowest gross domestic product — value us$, 2015 prices, annual growth rate recorded in Australia?
- The lowest recorded value was -2.22 % change on previous year in 1982.
- How does Australia rank for gross domestic product — value us$, 2015 prices, annual growth rate?
- Australia ranks 177th out of 236 countries with data for 2024.
- Is gross domestic product — value us$, 2015 prices, annual growth rate rising or falling in Australia?
- Over the last ten years it is down 34.6%. The long-run trend across the full record is falling.
- Where does this Australia data come from?
- The figures come from Statizoid (derived), published as part of Gross Domestic Product — Value US$, 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 US$, 2015 prices. Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.
Computed from
- Gross Domestic Product — Value US$, 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 US$, 2015 prices. Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.