Gross Domestic Product — Value US$, annual growth rate in Australia and New Zealand
Australia and New Zealand: Gross Domestic Product — Value US$, annual growth rate was 3.22 % change on previous year in 2024. ◆ Volatile
Gross Domestic Product — Value US$, annual growth rate in Australia and New Zealand, 1971–2024
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
The most recent figure for gross domestic product — value us$, annual growth rate in Australia and New Zealand is 3.22 % change on previous year, measured in 2024.
The figure is up 8,721.1% on the previous year and up 180.4% over ten years.
Over the whole period, gross domestic product — value us$, annual growth rate in Australia and New Zealand peaked at 42.54 % change on previous year in 1973 and was at its lowest, -14.52 % change on previous year, in 2015.
That places Australia and New Zealand 168th out of 236 countries with data for 2024, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Gross Domestic Product — Value US$, annual growth rate in Australia and New Zealand, year by year
| Year | % change on previous year | Change |
|---|---|---|
| 1971 | 12.66 % change on previous year | — |
| 1972 | 18.24 % change on previous year | +44.0% |
| 1973 | 42.54 % change on previous year | +133.2% |
| 1974 | 18.4 % change on previous year | -56.8% |
| 1975 | 5.49 % change on previous year | -70.2% |
| 1976 | 6.94 % change on previous year | +26.6% |
| 1977 | 0.1734 % change on previous year | -97.5% |
| 1978 | 17.23 % change on previous year | +9835.0% |
| 1979 | 11.06 % change on previous year | -35.8% |
| 1980 | 14.8 % change on previous year | +33.9% |
| 1981 | 15.46 % change on previous year | +4.4% |
| 1982 | -4.42 % change on previous year | -128.6% |
| 1983 | 0.0866 % change on previous year | -102.0% |
| 1984 | 6.08 % change on previous year | +6923.2% |
| 1985 | -10.55 % change on previous year | -273.5% |
| 1986 | 7.47 % change on previous year | -170.9% |
| 1987 | 19.85 % change on previous year | +165.6% |
| 1988 | 25.7 % change on previous year | +29.5% |
| 1989 | 9.18 % change on previous year | -64.3% |
| 1990 | 1.37 % change on previous year | -85.1% |
| 1991 | 1.06 % change on previous year | -22.9% |
| 1992 | -1.41 % change on previous year | -233.1% |
| 1993 | -1.45 % change on previous year | +3.5% |
| 1994 | 14.64 % change on previous year | -1106.7% |
| 1995 | 9.41 % change on previous year | -35.7% |
| 1996 | 10.95 % change on previous year | +16.3% |
| 1997 | 0.2991 % change on previous year | -97.3% |
| 1998 | -11.61 % change on previous year | -3981.2% |
| 1999 | 8.86 % change on previous year | -176.3% |
| 2000 | -4.7 % change on previous year | -153.0% |
| 2001 | -4.14 % change on previous year | -11.9% |
| 2002 | 12.01 % change on previous year | -390.4% |
| 2003 | 29.16 % change on previous year | +142.7% |
| 2004 | 21.53 % change on previous year | -26.1% |
| 2005 | 12.14 % change on previous year | -43.6% |
| 2006 | 6.1 % change on previous year | -49.8% |
| 2007 | 20.68 % change on previous year | +239.2% |
| 2008 | 5.96 % change on previous year | -71.2% |
| 2009 | -4.41 % change on previous year | -174.1% |
| 2010 | 27.15 % change on previous year | -714.9% |
| 2011 | 18.55 % change on previous year | -31.7% |
| 2012 | 3.01 % change on previous year | -83.8% |
| 2013 | -1.87 % change on previous year | -162.1% |
| 2014 | -4.01 % change on previous year | +114.5% |
| 2015 | -14.52 % change on previous year | +262.3% |
| 2016 | 5.05 % change on previous year | -134.8% |
| 2017 | 8.22 % change on previous year | +62.8% |
| 2018 | 2.99 % change on previous year | -63.6% |
| 2019 | -4.58 % change on previous year | -253.1% |
| 2020 | 3.63 % change on previous year | -179.2% |
| 2021 | 21.6 % change on previous year | +495.3% |
| 2022 | 1.14 % change on previous year | -94.7% |
| 2023 | 0.0365 % change on previous year | -96.8% |
| 2024 | 3.22 % change on previous year | +8721.1% |
Biggest year-on-year movements
Years where Gross Domestic Product — Value US$, annual growth rate in Australia and New Zealand changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 1978 | +9835.0% | 0.1734 % change on previous year | 17.23 % change on previous year |
| 2024 | +8721.1% | 0.0365 % change on previous year | 3.22 % change on previous year |
| 1984 | +6923.2% | 0.0866 % change on previous year | 6.08 % change on previous year |
| 1998 | -3981.2% | 0.2991 % change on previous year | -11.61 % change on previous year |
| 1994 | +1106.7% | -1.45 % change on previous year | 14.64 % change on previous year |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 14.75 % change on previous year | 0.1734 % change on previous year | 42.54 % change on previous year | 9 |
| 1980s | 8.37 % change on previous year | -10.55 % change on previous year | 25.7 % change on previous year | 10 |
| 1990s | 3.21 % change on previous year | -11.61 % change on previous year | 14.64 % change on previous year | 10 |
| 2000s | 9.43 % change on previous year | -4.7 % change on previous year | 29.16 % change on previous year | 10 |
| 2010s | 4 % change on previous year | -14.52 % change on previous year | 27.15 % change on previous year | 10 |
| 2020s | 5.93 % change on previous year | 0.0365 % change on previous year | 21.6 % change on previous year | 5 |
Countries ranked near Australia and New Zealand
- 165 Bahrain 3.34 % change on previous year compare
- 166 Mexico 3.28 % change on previous year compare
- 167 French Polynesia 3.25 % change on previous year compare
- 169 Dominican Republic 3.18 % change on previous year compare
- 170 Canada 3.12 % change on previous year compare
- 171 Paraguay 3.11 % change on previous year compare
More economy & growth data for Australia and New Zealand
- Gross Fixed Capital Formation — Value US$ 529,563 million USD (2024)
- Gross Domestic Product — Value US$ 2.09 million million USD (2024)
- Gross Domestic Product — Value US$ per capita 65,559 USD (2024)
- Gross Domestic Product — Value US$ per capita, 2015 prices 54,411 USD (2024)
- Gross Domestic Product — Value US$, 2015 prices 1.74 million million USD (2024)
- Gross Domestic Product — Annual growth US$ 3.22 % (2024)
- Gross Domestic Product — Annual growth US$ per capita 2.24 % (2024)
- Gross Domestic Product — Annual growth US$, 2015 prices 1.23 % (2024)
- Gross Domestic Product — Annual growth US$ per capita, 2015 prices 0.268 % (2024)
- Gross Domestic Product — Value US$, 2015 prices, annual growth rate 1.23 % change on previous year (2024)
Frequently asked questions
- What is gross domestic product — value us$, annual growth rate in Australia and New Zealand?
- Gross domestic product — value us$, annual growth rate in Australia and New Zealand was 3.22 % change on previous year in 2024, according to Statizoid (derived).
- What is the highest gross domestic product — value us$, annual growth rate recorded in Australia and New Zealand?
- The highest recorded value was 42.54 % change on previous year in 1973.
- What is the lowest gross domestic product — value us$, annual growth rate recorded in Australia and New Zealand?
- The lowest recorded value was -14.52 % change on previous year in 2015.
- How does Australia and New Zealand rank for gross domestic product — value us$, annual growth rate?
- Australia and New Zealand ranks 168th out of 236 countries with data for 2024.
- Is gross domestic product — value us$, annual growth rate rising or falling in Australia and New Zealand?
- Over the last ten years it is up 180.4%. The long-run trend across the full record is volatile.
- Where does this Australia and New Zealand data come from?
- The figures come from Statizoid (derived), published as part of Gross Domestic Product — Value US$, 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$. Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.
Computed from
- Gross Domestic Product — Value US$ 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$. Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.