Australia economy grew 1.50 percent in 2023/24 fiscal year compared to from 3.10 percent in the previous year. It was the weakest annual growth, excluding the COVID-19 pandemic,since 1991-92, a year that included the gradual recovery from the 1991 recession. source: Australian Bureau of Statistics
Full Year GDP Growth in Australia averaged 3.34 percent from 1960 until 2023, reaching an all time high of 7.20 percent in 1969 and a record low of -2.20 percent in 1982. This page includes a chart with historical data for Australia Full Year Gdp Growth. Australia Full Year Gdp Growth - values, historical data and charts - was last updated on November of 2024.
Full Year GDP Growth in Australia is expected to reach 1.20 percent by the end of 2024, according to Trading Economics global macro models and analysts expectations. In the long-term, the Australia Full Year Gdp Growth is projected to trend around 2.20 percent in 2025 and 2.30 percent in 2026, according to our econometric models.