The Australian economy grew an annual 2.8 percent in the three months to September 2018, after a downwardly revised 3.1 percent expansion in the prior quarter and below expectations of a 3.3 percent growth. It is the weakest annual pace of expansion since the December quarter 2017. GDP Annual Growth Rate in Australia averaged 3.46 percent from 1960 until 2018, 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.

GDP Annual Growth Rate in Australia is expected to be 3.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate GDP Annual Growth Rate in Australia to stand at 2.40 in 12 months time. In the long-term, the Australia GDP Annual Growth Rate is projected to trend around 2.40 percent in 2020, according to our econometric models.

Australia GDP Annual Growth Rate
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Calendar GMT Actual Previous Consensus TEForecast
2018-03-07 12:30 AM GDP Growth Rate YoY 2.4% 2.9% 2.5% 2.6%
2018-06-06 01:30 AM GDP Growth Rate YoY 3.1% 2.4% 2.8% 2.5%
2018-09-05 01:30 AM GDP Growth Rate YoY 3.4% 3.2% 2.8% 2.7%
2018-12-05 12:30 AM GDP Growth Rate YoY 2.8% 3.1% 3.3% 3.1%
2019-03-06 12:30 AM GDP Growth Rate YoY 2.8% 3%
2019-06-06 01:30 AM GDP Growth Rate YoY 2.70%
2019-09-05 01:30 AM GDP Growth Rate YoY 2.50%


Australia GDP Last Previous Highest Lowest Unit
GDP Growth Rate 0.30 0.90 4.40 -2.00 percent [+]
GDP Annual Growth Rate 2.80 3.10 9.00 -3.40 percent [+]
GDP 1323.42 1208.00 1573.70 18.60 USD Billion [+]
GDP Constant Prices 460827.00 459664.00 460827.00 62496.00 AUD Million [+]
Gross National Product 447653.00 446713.00 447653.00 56574.00 AUD Million [+]
Gross Fixed Capital Formation 111181.00 111119.00 116840.00 9984.00 AUD Million [+]
GDP per capita 55925.93 55731.50 55925.93 19254.58 USD [+]
GDP per capita PPP 44648.71 44493.50 44648.71 27969.10 USD [+]
GDP From Agriculture 11101.00 11285.00 12561.00 3997.00 AUD Million [+]
GDP From Construction 35037.00 35815.00 36785.00 8476.00 AUD Million [+]
GDP From Manufacturing 26179.00 26359.00 30040.00 15947.00 AUD Million [+]
GDP From Mining 35800.00 36111.00 36111.00 5144.00 AUD Million [+]
GDP From Public Administration 23769.00 23527.00 23769.00 7902.00 AUD Million [+]
GDP From Utilities 11189.00 11246.00 11246.00 3850.00 AUD Million [+]


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). . 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 December of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
2.80 3.10 9.00 -3.40 1960 - 2018 percent Quarterly
SA




Country Last Previous
India 7.10 Sep/18
China 6.50 Sep/18
Indonesia 5.17 Sep/18
United States 3.00 Sep/18
Australia 2.80 Sep/18
Mexico 2.50 Sep/18
Spain 2.50 Sep/18
Netherlands 2.40 Sep/18
Switzerland 2.40 Sep/18
Singapore 2.20 Sep/18
South Korea 2.00 Sep/18
Canada 1.90 Jun/18
Saudi Arabia 1.61 Jun/18
Euro Area 1.60 Sep/18
Turkey 1.60 Sep/18
Russia 1.50 Sep/18
United Kingdom 1.50 Sep/18
France 1.40 Sep/18
Brazil 1.30 Sep/18
Germany 1.10 Sep/18
South Africa 1.10 Sep/18
Italy 0.70 Sep/18
Japan 0.00 Sep/18
Argentina -4.20 Jun/18


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