Australia GDP Growth Rate - Forecast

GDP Growth Rate in Australia is expected to be 0.70 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate GDP Growth Rate in Australia to stand at 0.60 in 12 months time. In the long-term, the Australia GDP Growth Rate is projected to trend around 0.80 percent in 2020, according to our econometric models.


Australia GDP Growth Rate
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Australia GDP Last Q2/18 Q3/18 Q4/18 Q1/19 2020
GDP Growth Rate 1 0.7 0.8 0.9 0.6 0.8
GDP Annual Growth Rate 3.1 2.7 2.9 2.7 2.9 2.9
GDP 1205 1600 1600 1600 1680 1720
GDP Constant Prices 437246 433912 437363 444367 449926 468686
Gross National Product 440282 433638 437378 444793 453050 469134
Gross Fixed Capital Formation 108617 108000 111000 111000 112000 117000
GDP per capita 55671 57220 57220 57220 58190 59160
GDP per capita PPP 44414 45100 45100 45100 45500 46000
GDP From Agriculture 10243 11489 10729 10699 10540 11285
GDP From Construction 32447 32243 32660 33556 33388 35393
GDP From Manufacturing 25955 25398 25864 26028 26708 27453
GDP From Mining 26142 25814 25407 26102 26900 27531
GDP From Public Administration 24022 23604 23739 24319 24719 25650
GDP From Utilities 10448 10475 10659 10744 10751 11332