Australia GDP Annual Growth Rate  1960-2017 | Data | Chart | Calendar

The Australian economy grew by 1.7 percent through the year to the March quarter 2017, slower than a 2.4 percent expansion in the prior quarter but beating consensus of a 1.5 percent growth. It was the weakest annual expansion since the September quarter 2009. GDP Annual Growth Rate in Australia averaged 3.47 percent from 1960 until 2017, reaching an all time high of 9 percent in the first quarter of 1967 and a record low of -3.40 percent in the second quarter of 1983.

Australia GDP Annual Growth Rate
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Calendar GMT Actual Previous Consensus Forecast (i)
2016-12-07 12:30 AM Q3 1.8% 3.3% 2.5% 2.6%
2017-03-01 12:30 AM Q4 2.4% 1.8% 1.9% 1.8%
2017-06-07 01:30 AM Q1 1.7% 2.4% 1.5% 1.9%
2017-09-06 01:30 AM Q2 1.7% 2.8%
2017-12-07 12:30 AM Q3 2.7%


Australia GDP Last Previous Highest Lowest Unit
GDP Growth Rate 0.30 1.10 4.40 -2.10 percent [+]
GDP Annual Growth Rate 1.70 2.40 9.00 -3.40 percent [+]
GDP 1204.62 1345.38 1567.18 18.59 USD Billion [+]
GDP Constant Prices 423935.00 422815.00 423935.00 60438.00 AUD Million [+]
Gross National Product 421097.00 417164.00 421097.00 55132.00 AUD Million [+]
Gross Fixed Capital Formation 103231.00 103831.00 114436.00 9479.00 AUD Million [+]
GDP per capita 55670.90 54941.90 55670.90 19178.10 USD [+]
GDP per capita PPP 44414.00 43832.40 44414.00 27896.90 USD [+]
GDP From Agriculture 10369.00 10980.00 10980.00 3301.00 AUD Million [+]
GDP From Construction 32130.00 31795.00 33884.00 7962.00 AUD Million [+]
GDP From Manufacturing 24033.00 24286.00 29210.00 15598.00 AUD Million [+]
GDP From Mining 29319.00 29163.00 29539.00 4490.00 AUD Million [+]
GDP From Public Administration 23388.00 23317.00 23388.00 7406.00 AUD Million [+]
GDP From Utilities 10965.00 10638.00 10965.00 3808.00 AUD Million [+]


Australia GDP Annual Growth Rate Notes

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). . This page provides - Australia GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Australia GDP Annual Growth Rate - actual data, historical chart and calendar of releases - was last updated on August of 2017.

Actual Previous Highest Lowest Dates Unit Frequency
1.70 2.40 9.00 -3.40 1960 - 2017 percent Quarterly
SA



gdp annual growth rate by Country

Last
China 6.90 Jun/17
India 6.10 Mar/17
Indonesia 5.01 Jun/17
Turkey 5.00 Mar/17
Netherlands 3.30 Jun/17
Spain 3.10 Jun/17
South Korea 2.70 Jun/17
Russia 2.50 Jun/17
Canada 2.30 Mar/17
Euro Area 2.20 Jun/17
Germany 2.10 Jun/17
United States 2.10 Jun/17
Japan 2.00 Jun/17
France 1.80 Jun/17
Mexico 1.80 Jun/17
Australia 1.70 Mar/17
United Kingdom 1.70 Jun/17
Italy 1.50 Jun/17
Switzerland 1.10 Mar/17
Brazil -0.40 Mar/17