Australia's economy expanded 1.3 percent in 2024, marking the weakest annual growth in four years, slowing from a 1.5 percent in the previous year. Full Year GDP Growth in Australia averaged 3.31 percent from 1960 until 2024, reaching an all time high of 7.20 percent in 1969 and a record low of -2.20 percent in 1982. source: Australian Bureau of Statistics
Full Year GDP Growth in Australia is expected to reach 2.60 percent by the end of 2026, according to Trading Economics global macro models and analysts expectations. In the long-term, the Australia Full Year Gdp Growth is projected to trend around 2.50 percent in 2027 and 2.70 percent in 2028, according to our econometric models.