GDP Growth Rate
Year -
1.37%
In 2024, Australia experienced a significant a decrease in its GDP growth rate, which fall to 1.37% from 3.58% in 2023. Additionally, the GDP per capita growth rate in Australia decrease to -0.63% in 2024, compared to 1.09% in 2023.
In 2024, Australia experienced a decrease in economic performance, with the GDP growth rate falling by 2.21%. Additionally, the GDP per capita growth rate decrease by 1.72%.
| Year | GDP Growth | Net Chg | GDP Capita Growth | Net Chg |
|---|---|---|---|---|
| 1961 | 2.48% | 2.48% | 0.46% | 0.46% |
| 1962 | 1.3% | -1.18% | -1.15% | -1.61% |
| 1963 | 6.21% | 4.91% | 4.2% | 5.35% |
| 1964 | 6.98% | 0.77% | 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 | 5.1% | -1.21% | 3.26% | -1.71% |
| 1969 | 7.05% | 1.95% | 4.83% | 1.57% |
| 1970 | 7.17% | 0.12% | 5.08% | 0.25% |
| 1971 | 4% | -3.17% | 0.54% | -4.54% |
| 1972 | 3.91% | -0.09% | 2.01% | 1.47% |
| 1973 | 2.62% | -1.29% | 1.06% | -0.95% |
| 1974 | 4.11% | 1.49% | 1.5% | 0.44% |
| 1975 | 1.34% | -2.77% | 0.1% | -1.40% |
| 1976 | 2.59% | 1.25% | 1.56% | 1.46% |
| 1977 | 3.59% | 1.00% | 2.43% | 0.87% |
| 1978 | 0.9% | -2.69% | -0.27% | -2.70% |
| 1979 | 4.05% | 3.15% | 2.93% | 3.20% |
| 1980 | 3.03% | -1.02% | 1.79% | -1.14% |
| 1981 | 3.34% | 0.31% | 1.74% | -0.05% |
| 1982 | 3.33% | -0.01% | 1.55% | -0.19% |
| 1983 | -2.23% | -5.56% | -3.55% | -5.10% |
| 1984 | 4.56% | 6.79% | 3.32% | 6.87% |
| 1985 | 5.28% | 0.72% | 3.89% | 0.57% |
| 1986 | 3.97% | -1.31% | 2.48% | -1.41% |
| 1987 | 2.56% | -1.41% | 1.01% | -1.47% |
| 1988 | 5.76% | 3.20% | 4.05% | 3.04% |
| 1989 | 3.88% | -1.88% | 2.14% | -1.91% |
| 1990 | 3.57% | -0.31% | 2.05% | -0.09% |
| 1991 | -0.38% | -3.95% | -1.65% | -3.70% |
| 1992 | 0.43% | 0.81% | -0.69% | 0.96% |
| 1993 | 4.05% | 3.62% | 3.12% | 3.81% |
| 1994 | 3.98% | -0.07% | 2.98% | -0.14% |
| 1995 | 3.89% | -0.09% | 2.74% | -0.24% |
| 1996 | 3.87% | -0.02% | 2.61% | -0.13% |
| 1997 | 3.92% | 0.05% | 2.8% | 0.19% |
| 1998 | 4.68% | 0.76% | 3.64% | 0.84% |
| 1999 | 5.03% | 0.35% | 3.89% | 0.25% |
| 2000 | 3.92% | -1.11% | 2.73% | -1.16% |
| 2001 | 2.03% | -1.89% | 0.73% | -2.00% |
| 2002 | 3.95% | 1.92% | 2.77% | 2.04% |
| 2003 | 3.09% | -0.86% | 1.91% | -0.86% |
| 2004 | 4.22% | 1.13% | 3.11% | 1.20% |
| 2005 | 3.16% | -1.06% | 1.91% | -1.20% |
| 2006 | 2.77% | -0.39% | 1.39% | -0.52% |
| 2007 | 3.79% | 1.02% | 1.91% | 0.52% |
| 2008 | 3.62% | -0.17% | 1.57% | -0.34% |
| 2009 | 1.95% | -1.67% | -0.12% | -1.69% |
| 2010 | 2.21% | 0.26% | 0.63% | 0.75% |
| 2011 | 2.39% | 0.18% | 0.98% | 0.35% |
| 2012 | 3.95% | 1.56% | 2.15% | 1.17% |
| 2013 | 2.65% | -1.30% | 0.9% | -1.25% |
| 2014 | 2.6% | -0.05% | 1.08% | 0.18% |
| 2015 | 2.16% | -0.44% | 0.7% | -0.38% |
| 2016 | 2.76% | 0.60% | 1.16% | 0.46% |
| 2017 | 2.29% | -0.47% | 0.62% | -0.54% |
| 2018 | 2.87% | 0.58% | 1.35% | 0.73% |
| 2019 | 2.19% | -0.68% | 0.7% | -0.65% |
| 2020 | -0.13% | -2.32% | -1.36% | -2.06% |
| 2021 | 2.01% | 2.14% | 1.86% | 3.22% |
| 2022 | 4.25% | 2.24% | 2.92% | 1.06% |
| 2023 | 3.58% | -0.67% | 1.09% | -1.83% |
| 2024 | 1.37% | -2.21% | -0.63% | -1.72% |