Australia GDP Growth Rate - Forecast

GDP Growth Rate in Australia is expected to be 0.80 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 0.70 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.


Forecast Data Chart
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Australia GDP Last Q3/18 Q4/18 Q1/19 Q2/19 2020
GDP Growth Rate 1 0.8 0.9 0.6 0.7 0.8
GDP Annual Growth Rate 3.1 2.9 2.7 2.9 3.2 2.9
GDP 1323 1450 1450 1580 1580 1720
GDP Constant Prices 437246 437363 444367 449926 441832 468686
Gross National Product 440282 437378 444793 453050 441554 469134
Gross Fixed Capital Formation 108617 111000 111000 112000 110000 117000
GDP per capita 55926 56220 56220 56890 56890 57160
GDP per capita PPP 44649 45100 45100 45500 45500 46000
GDP From Agriculture 10243 10729 10699 10540 11699 11285
GDP From Construction 32447 32660 33556 33388 32832 35393
GDP From Manufacturing 25955 25864 26028 26708 25862 27453
GDP From Mining 26142 25407 26102 26900 26285 27531
GDP From Public Administration 24022 23739 24319 24719 24035 25650
GDP From Utilities 10448 10659 10744 10751 10666 11332