Australia GDP Annual Growth Rate: 1.2% (2024)

GROSS DOMESTIC PRODUCT (ANNUAL RATE OF GROWTH)

Real GDP in Australia is estimated to be $1.662 Trillion US dollars at the end of 2024.

The economy of Australia has grown at an average annual growth rate of 2.8% in the last four years and is ranked the 9th largest economy in Asia-Pacific, ahead of Thailand.

World Economics Rates Australia's Offical GDP Data as Grade A

GDP Annual Growth Rate: Australia


Source: World Bank, World Economics
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Economic Indicators: Australia 2021 2022 2023 2024
GDP Annual Growth Rate (%) 2.1 4.2 3.4 1.2
GDP per Capita Annual Growth Rate (%) 2.0 2.9 0.9 0.1
Real GDP (US$ Billions, 2010) 1,523 1,587 1,642 1,662
Real GDP per Capita (US$, 2010) 59,277 61,010 61,584 61,648
Current GDP (Billions, US$) 1,557 1,691 1,728 1,749
Current GDP per Capita (US$) 60,608 64,997 64,821 64,888
Real GDP PPP (Billions, 2017) 1,475 1,540 1,572 1,591
Real GDP per Capita PPP (int$ 2017) 49,581 50,887 51,310 51,699
Data Quality Rating for Australia See how much you can trust Australia's GDP Data




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AUSTRALIA'S ECONOMICS
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