Gross value added at basic prices (GVA) (current LCU), annual growth in Australia

Australia: Gross value added at basic prices (GVA) (current LCU), annual growth was 3.62 % change on previous year in 2025. ▲ Rising

Latest (2025)
3.62 % change on previous year
Change on year
down 8.9%
World rank
164th
of 205 countries
All-time high
11.72 % change on previous year
in 2022
All-time low
1.32 % change on previous year
in 2015
Years of data
35
1991–2025

Gross value added at basic prices (GVA) (current LCU), annual growth in Australia, 1991–2025

2.557.51012.51991200820251991: 2.2 % change on previous year1992: 1.6 % change on previous year1993: 5.9 % change on previous year1994: 5 % change on previous year1995: 5.3 % change on previous year1996: 6.6 % change on previous year1997: 5.3 % change on previous year1998: 6 % change on previous year1999: 5.5 % change on previous year2000: 6.6 % change on previous year2001: 5.9 % change on previous year2002: 7.1 % change on previous year2003: 5.8 % change on previous year2004: 7.6 % change on previous year2005: 7.8 % change on previous year2006: 8.2 % change on previous year2007: 9.1 % change on previous year2008: 8.6 % change on previous year2009: 8.2 % change on previous year2010: 3 % change on previous year2011: 9.1 % change on previous year2012: 6.2 % change on previous year2013: 2.4 % change on previous year2014: 3.8 % change on previous year2015: 1.3 % change on previous year2016: 1.7 % change on previous year2017: 6.3 % change on previous year2018: 4.9 % change on previous year2019: 6 % change on previous year2020: 2 % change on previous year2021: 4.9 % change on previous year2022: 11.7 % change on previous year2023: 10.6 % change on previous year2024: 4 % change on previous year2025: 3.6 % change on previous year

Source: Statizoid (derived). Measured in % change on previous year.

Analysis

The most recent figure for gross value added at basic prices (gva) (current lcu), annual growth in Australia is 3.62 % change on previous year, measured in 2025.

The figure is down 8.9% on the previous year and up 174.6% over ten years.

Over the whole period, gross value added at basic prices (gva) (current lcu), annual growth in Australia peaked at 11.72 % change on previous year in 2022 and was at its lowest, 1.32 % change on previous year, in 2015.

That places Australia 164th out of 205 countries with data for 2025, putting it in the bottom quarter.

The long-run direction has been consistently rising across the 35 years of available data.

Gross value added at basic prices (GVA) (current LCU), annual growth in Australia, year by year

Annual values for Gross value added at basic prices (GVA) (current LCU), annual growth rate in Australia, 1991 to 2025.
Year % change on previous year Change
1991 2.19 % change on previous year
1992 1.64 % change on previous year -25.4%
1993 5.9 % change on previous year +260.7%
1994 5.05 % change on previous year -14.4%
1995 5.34 % change on previous year +5.8%
1996 6.64 % change on previous year +24.4%
1997 5.29 % change on previous year -20.4%
1998 6.02 % change on previous year +13.8%
1999 5.51 % change on previous year -8.5%
2000 6.61 % change on previous year +19.9%
2001 5.92 % change on previous year -10.4%
2002 7.15 % change on previous year +20.8%
2003 5.81 % change on previous year -18.7%
2004 7.64 % change on previous year +31.4%
2005 7.8 % change on previous year +2.1%
2006 8.24 % change on previous year +5.7%
2007 9.13 % change on previous year +10.7%
2008 8.6 % change on previous year -5.7%
2009 8.21 % change on previous year -4.6%
2010 3.02 % change on previous year -63.2%
2011 9.15 % change on previous year +202.5%
2012 6.24 % change on previous year -31.8%
2013 2.42 % change on previous year -61.2%
2014 3.78 % change on previous year +56.0%
2015 1.32 % change on previous year -65.1%
2016 1.67 % change on previous year +26.7%
2017 6.27 % change on previous year +275.5%
2018 4.85 % change on previous year -22.6%
2019 6.04 % change on previous year +24.4%
2020 2 % change on previous year -66.9%
2021 4.9 % change on previous year +145.3%
2022 11.72 % change on previous year +139.3%
2023 10.61 % change on previous year -9.5%
2024 3.98 % change on previous year -62.5%
2025 3.62 % change on previous year -8.9%

Averages by decade

DecadeAverage LowestHighest Years
1990s 4.84 % change on previous year 1.64 % change on previous year 6.64 % change on previous year 9
2000s 7.51 % change on previous year 5.81 % change on previous year 9.13 % change on previous year 10
2010s 4.48 % change on previous year 1.32 % change on previous year 9.15 % change on previous year 10
2020s 6.14 % change on previous year 2 % change on previous year 11.72 % change on previous year 6

Countries ranked near Australia

  1. 161 Slovakia 3.89 % change on previous year compare
  2. 162 South Africa 3.79 % change on previous year compare
  3. 163 Bahrain 3.77 % change on previous year compare
  4. 165 Belgium 3.57 % change on previous year compare
  5. 166 Eswatini 3.55 % change on previous year compare
  6. 167 Chad 3.54 % change on previous year compare

See the full ranking of 206 places →

More economy & growth data for Australia

All data for Australia →

Frequently asked questions

What is gross value added at basic prices (gva) (current lcu), annual growth in Australia?
Gross value added at basic prices (gva) (current lcu), annual growth in Australia was 3.62 % change on previous year in 2025, according to Statizoid (derived).
What is the highest gross value added at basic prices (gva) (current lcu), annual growth recorded in Australia?
The highest recorded value was 11.72 % change on previous year in 2022.
What is the lowest gross value added at basic prices (gva) (current lcu), annual growth recorded in Australia?
The lowest recorded value was 1.32 % change on previous year in 2015.
How does Australia rank for gross value added at basic prices (gva) (current lcu), annual growth?
Australia ranks 164th out of 205 countries with data for 2025.
Is gross value added at basic prices (gva) (current lcu), annual growth rising or falling in Australia?
Over the last ten years it is up 174.6%. The long-run trend across the full record is rising.
Where does this Australia data come from?
The figures come from Statizoid (derived), published as part of Gross value added at basic prices (GVA) (current LCU), annual growth rate. Statizoid updates them automatically from the source API.

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Gross value added at basic prices (GVA) (current LCU), annual growth in Australia. Statizoid, drawing on Statizoid (derived). Retrieved 28 August 2026, from https://economy.statizoid.com/stat/gross-value-added-at-basic-prices-gva-current-lcu-annual-growth-rate/australia/

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<a href="https://economy.statizoid.com/stat/gross-value-added-at-basic-prices-gva-current-lcu-annual-growth-rate/australia/">Gross value added at basic prices (GVA) (current LCU), annual growth in Australia</a> — Statizoid

How this figure is calculated

The year-on-year percentage change in Gross value added at basic prices (GVA) (current LCU). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.

Computed from

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

Indicator
Gross value added at basic prices (GVA) (current LCU), annual growth rate
Unit
% change on previous year
Source
Statizoid (derived)
Licence
Derived by Statizoid from the sources named on the page
Coverage
206 places, 8,871 data points, 1961–2025
Last refreshed

The year-on-year percentage change in Gross value added at basic prices (GVA) (current LCU). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.