The Australian economy expanded 2.5% year-on-year in Q1 2026, the same as the revised figure in Q4, and coming below market expectations of a 2.7% growth. GDP Annual Growth Rate in Australia averaged 3.31 percent from 1960 until 2026, reaching an all time high of 10.20 percent in the second quarter of 2021 and a record low of -5.90 percent in the second quarter of 2020. source: Australian Bureau of Statistics

The Gross Domestic Product (GDP) in Australia expanded 2.50 percent in the first quarter of 2026 over the same quarter of the previous year.

The Gross Domestic Product (GDP) in Australia expanded 2.50 percent in the first quarter of 2026 over the same quarter of the previous year. GDP Annual Growth Rate in Australia is expected to be 2.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Australia GDP Annual Growth Rate is projected to trend around 1.90 percent in 2027 and 2.30 percent in 2028, according to our econometric models.



Calendar GMT Reference Actual Previous Consensus TEForecast
2026-03-04 12:30 AM
GDP Growth Rate YoY
Q4 2.6% 2.1% 2.2% 2.5%
2026-06-03 01:30 AM
GDP Growth Rate YoY
Q1 2.5% 2.5% 2.7% 2.5%
2026-09-03 01:30 AM
GDP Growth Rate YoY
Q2 2.5% 2.0%


Related Last Previous Unit Reference
GDP Growth Rate YoY 2.50 2.50 percent Mar 2026
GDP Constant Prices 695945.00 694041.00 AUD Million Mar 2026
GDP from Agriculture 14602.00 14593.00 AUD Million Mar 2026
GDP from Construction 48529.00 48109.00 AUD Million Mar 2026
GDP from Manufacturing 35961.00 35525.00 AUD Million Mar 2026
GDP from Mining 69945.00 70930.00 AUD Million Mar 2026
GDP from Public Administration 36132.00 36060.00 AUD Million Mar 2026
GDP from Utilities 15245.00 15386.00 AUD Million Mar 2026
GDP Growth Rate 0.30 0.90 percent Mar 2026
GDP Capital Expenditure 175229.00 170107.00 AUD Million Mar 2026
Gross National Income 667484.00 664125.00 AUD Million Mar 2026


Australia GDP Annual Growth Rate
Australia's economy is dominated by the service sector (65 percent of total GDP). Yet its economic success in recent years has been based on the mining (13.5 percent of GDP) and agriculture (2 percent of GDP) as the country is a major exporter of commodities. Other sectors include: manufacturing (11 percent) and construction (9.5 percent).
Actual Previous Highest Lowest Dates Unit Frequency
2.50 2.50 10.20 -5.90 1960 - 2026 percent Quarterly
SA