GDP Growth Rate
Year -
3.02%
In 2023, Australia experienced a significant a decrease in its GDP growth rate, which fall to 3.02% from 4.27% in 2022. Additionally, the GDP per capita growth rate in Australia decrease to 0.6% in 2023, compared to 2.95% in 2022.
In 2023, Australia experienced a decrease in economic performance, with the GDP growth rate falling by 1.25%. Additionally, the GDP per capita growth rate decrease by 2.35%.
| Year | GDP Growth | Net Chg | GDP Capita Growth | Net Chg |
|---|---|---|---|---|
| 1961 | 2.48% | 2.48% | 0.46% | 0.46% |
| 1962 | 1.29% | -1.19% | -1.15% | -1.61% |
| 1963 | 6.22% | 4.93% | 4.2% | 5.35% |
| 1964 | 6.98% | 0.76% | 4.9% | 0.70% |
| 1965 | 5.98% | -1.00% | 3.92% | -0.98% |
| 1966 | 2.38% | -3.60% | 0.07% | -3.85% |
| 1967 | 6.31% | 3.93% | 4.97% | 4.90% |
| 1968 | 5.09% | -1.22% | 3.26% | -1.71% |
| 1969 | 7.05% | 1.96% | 4.83% | 1.57% |
| 1970 | 7.18% | 0.13% | 5.08% | 0.25% |
| 1971 | 4% | -3.18% | 0.54% | -4.54% |
| 1972 | 3.91% | -0.09% | 2.02% | 1.48% |
| 1973 | 2.62% | -1.29% | 1.06% | -0.96% |
| 1974 | 4.11% | 1.49% | 1.51% | 0.45% |
| 1975 | 1.34% | -2.77% | 0.1% | -1.41% |
| 1976 | 2.59% | 1.25% | 1.57% | 1.47% |
| 1977 | 3.6% | 1.01% | 2.43% | 0.86% |
| 1978 | 0.89% | -2.71% | -0.27% | -2.70% |
| 1979 | 4.05% | 3.16% | 2.93% | 3.20% |
| 1980 | 3.04% | -1.01% | 1.79% | -1.14% |
| 1981 | 3.34% | 0.30% | 1.74% | -0.05% |
| 1982 | 3.33% | -0.01% | 1.55% | -0.19% |
| 1983 | -2.22% | -5.55% | -3.55% | -5.10% |
| 1984 | 4.59% | 6.81% | 3.34% | 6.89% |
| 1985 | 5.28% | 0.69% | 3.89% | 0.55% |
| 1986 | 3.97% | -1.31% | 2.47% | -1.42% |
| 1987 | 2.56% | -1.41% | 1.01% | -1.46% |
| 1988 | 5.75% | 3.19% | 4.04% | 3.03% |
| 1989 | 3.88% | -1.87% | 2.13% | -1.91% |
| 1990 | 3.58% | -0.30% | 2.06% | -0.07% |
| 1991 | -0.38% | -3.96% | -1.64% | -3.70% |
| 1992 | 0.43% | 0.81% | -0.69% | 0.95% |
| 1993 | 4.05% | 3.62% | 3.12% | 3.81% |
| 1994 | 3.98% | -0.07% | 2.98% | -0.14% |
| 1995 | 3.88% | -0.10% | 2.73% | -0.25% |
| 1996 | 3.86% | -0.02% | 2.61% | -0.12% |
| 1997 | 3.91% | 0.05% | 2.79% | 0.18% |
| 1998 | 4.66% | 0.75% | 3.63% | 0.84% |
| 1999 | 5.03% | 0.37% | 3.88% | 0.25% |
| 2000 | 3.92% | -1.11% | 2.74% | -1.14% |
| 2001 | 2.03% | -1.89% | 0.72% | -2.02% |
| 2002 | 3.98% | 1.95% | 2.8% | 2.08% |
| 2003 | 3.09% | -0.89% | 1.91% | -0.89% |
| 2004 | 4.22% | 1.13% | 3.12% | 1.21% |
| 2005 | 3.15% | -1.07% | 1.91% | -1.21% |
| 2006 | 2.76% | -0.39% | 1.38% | -0.53% |
| 2007 | 3.77% | 1.01% | 1.9% | 0.52% |
| 2008 | 3.59% | -0.18% | 1.53% | -0.37% |
| 2009 | 1.89% | -1.70% | -0.19% | -1.72% |
| 2010 | 2.23% | 0.34% | 0.65% | 0.84% |
| 2011 | 2.41% | 0.18% | 1% | 0.35% |
| 2012 | 3.92% | 1.51% | 2.12% | 1.12% |
| 2013 | 2.61% | -1.31% | 0.86% | -1.26% |
| 2014 | 2.61% | 0.00% | 1.09% | 0.23% |
| 2015 | 2.2% | -0.41% | 0.74% | -0.35% |
| 2016 | 2.78% | 0.58% | 1.19% | 0.45% |
| 2017 | 2.32% | -0.46% | 0.65% | -0.54% |
| 2018 | 2.91% | 0.59% | 1.38% | 0.73% |
| 2019 | 2.18% | -0.73% | 0.68% | -0.70% |
| 2020 | -0.33% | -2.51% | -1.56% | -2.24% |
| 2021 | 2.11% | 2.44% | 1.97% | 3.53% |
| 2022 | 4.27% | 2.16% | 2.95% | 0.98% |
| 2023 | 3.02% | -1.25% | 0.6% | -2.35% |