GDP (current LCU), annual growth rate in Australia
Australia: GDP (current LCU), annual growth rate was 4.1 % change on previous year in 2024. ◆ Volatile
GDP (current LCU), annual growth rate in Australia, 1971–2024
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
Australia recorded 4.1 % change on previous year for gdp (current lcu), annual growth rate in 2024.
The figure is down 59.8% on the previous year and up 1.4% over ten years.
Over the whole period, gdp (current lcu), annual growth rate in Australia peaked at 21.16 % change on previous year in 1974 and was at its lowest, 1.55 % change on previous year, in 2015.
That places Australia 170th out of 211 countries with data for 2024, putting it in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
GDP (current LCU), annual growth rate in Australia, year by year
| Year | % change on previous year | Change |
|---|---|---|
| 1971 | 9.39 % change on previous year | — |
| 1972 | 10.34 % change on previous year | +10.1% |
| 1973 | 11.84 % change on previous year | +14.5% |
| 1974 | 21.16 % change on previous year | +78.7% |
| 1975 | 18.05 % change on previous year | -14.7% |
| 1976 | 16.97 % change on previous year | -6.0% |
| 1977 | 15.42 % change on previous year | -9.1% |
| 1978 | 9.2 % change on previous year | -40.3% |
| 1979 | 13.03 % change on previous year | +41.6% |
| 1980 | 13.36 % change on previous year | +2.5% |
| 1981 | 13.18 % change on previous year | -1.3% |
| 1982 | 15.42 % change on previous year | +17.0% |
| 1983 | 7.71 % change on previous year | -50.0% |
| 1984 | 12.82 % change on previous year | +66.3% |
| 1985 | 10.21 % change on previous year | -20.4% |
| 1986 | 10.77 % change on previous year | +5.6% |
| 1987 | 9.77 % change on previous year | -9.3% |
| 1988 | 13.35 % change on previous year | +36.6% |
| 1989 | 13.46 % change on previous year | +0.9% |
| 1990 | 9.89 % change on previous year | -26.5% |
| 1991 | 2.63 % change on previous year | -73.4% |
| 1992 | 1.91 % change on previous year | -27.1% |
| 1993 | 4.95 % change on previous year | +158.6% |
| 1994 | 5.04 % change on previous year | +1.8% |
| 1995 | 6.26 % change on previous year | +24.3% |
| 1996 | 6.68 % change on previous year | +6.6% |
| 1997 | 5.24 % change on previous year | -21.6% |
| 1998 | 5.85 % change on previous year | +11.8% |
| 1999 | 5.53 % change on previous year | -5.6% |
| 2000 | 6.57 % change on previous year | +18.9% |
| 2001 | 6.75 % change on previous year | +2.7% |
| 2002 | 6.93 % change on previous year | +2.7% |
| 2003 | 6.17 % change on previous year | -11.0% |
| 2004 | 7.59 % change on previous year | +23.1% |
| 2005 | 7.1 % change on previous year | -6.5% |
| 2006 | 8.01 % change on previous year | +12.8% |
| 2007 | 8.95 % change on previous year | +11.7% |
| 2008 | 8.32 % change on previous year | -7.0% |
| 2009 | 6.94 % change on previous year | -16.6% |
| 2010 | 3.4 % change on previous year | -51.0% |
| 2011 | 8.76 % change on previous year | +157.7% |
| 2012 | 5.79 % change on previous year | -33.9% |
| 2013 | 2.43 % change on previous year | -58.0% |
| 2014 | 4.04 % change on previous year | +65.9% |
| 2015 | 1.55 % change on previous year | -61.5% |
| 2016 | 2.08 % change on previous year | +33.8% |
| 2017 | 6.02 % change on previous year | +189.6% |
| 2018 | 4.8 % change on previous year | -20.2% |
| 2019 | 5.71 % change on previous year | +19.0% |
| 2020 | 1.76 % change on previous year | -69.1% |
| 2021 | 5.26 % change on previous year | +198.1% |
| 2022 | 11.72 % change on previous year | +123.0% |
| 2023 | 10.18 % change on previous year | -13.2% |
| 2024 | 4.1 % change on previous year | -59.8% |
Australia compared with similar countries
- Australia's 4.1 % change on previous year is below the median for high income countries, which is 5.96 % change on previous year, 69% of the median. (82 countries reporting)
- Australia's 4.1 % change on previous year is below the median for East Asia & Pacific, which is 7.63 % change on previous year, 54% of the median. (36 countries reporting)
Biggest year-on-year movements
Years where GDP (current LCU), annual growth rate in Australia changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2021 | +198.1% | 1.76 % change on previous year | 5.26 % change on previous year |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 13.93 % change on previous year | 9.2 % change on previous year | 21.16 % change on previous year | 9 |
| 1980s | 12 % change on previous year | 7.71 % change on previous year | 15.42 % change on previous year | 10 |
| 1990s | 5.4 % change on previous year | 1.91 % change on previous year | 9.89 % change on previous year | 10 |
| 2000s | 7.33 % change on previous year | 6.17 % change on previous year | 8.95 % change on previous year | 10 |
| 2010s | 4.46 % change on previous year | 1.55 % change on previous year | 8.76 % change on previous year | 10 |
| 2020s | 6.6 % change on previous year | 1.76 % change on previous year | 11.72 % change on previous year | 5 |
Countries ranked near Australia
More population data for Australia
- Population regions with projections, annual growth rate 0.5057 % change on previous year (2100)
- Urban and rural population 2050, annual growth rate 0.5755 % change on previous year (2050)
- Population long run with projections, annual growth rate 0.5057 % change on previous year (2100)
- Un population 2024 vs 2022, annual growth rate 0.2553 % change on previous year (2100)
- Africa's Development Dynamics (AfDD) Table 05 - Demographic estimates 32,193 Persons (2050)
- Africa's Development Dynamics (AfDD) Table 03 - Annual population 0.8589 Percent per annum (2030)
- Projected population under age 5, annual growth rate 0.2773 % change on previous year (2100)
- World population growth 0.5% (2100)
- Population density 5.61 people per km² (2100)
- Number of children under 5, by world region 2.09 million people (2100)
Frequently asked questions
- What is gdp (current lcu), annual growth rate in Australia?
- Gdp (current lcu), annual growth rate in Australia was 4.1 % change on previous year in 2024, according to Statizoid (derived).
- What is the highest gdp (current lcu), annual growth rate recorded in Australia?
- The highest recorded value was 21.16 % change on previous year in 1974.
- What is the lowest gdp (current lcu), annual growth rate recorded in Australia?
- The lowest recorded value was 1.55 % change on previous year in 2015.
- How does Australia rank for gdp (current lcu), annual growth rate?
- Australia ranks 170th out of 211 countries with data for 2024.
- Is gdp (current lcu), annual growth rate rising or falling in Australia?
- Over the last ten years it is up 1.4%. The long-run trend across the full record is volatile.
- Where does this Australia data come from?
- The figures come from Statizoid (derived), published as part of GDP (current LCU), annual growth rate. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 54 observations, free to reuse under Derived by Statizoid from the sources named on the page.
How this figure is calculated
The year-on-year percentage change in GDP (current LCU). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.
Computed from
- GDP UNESCO Institute for Statistics
Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.
About this data
The year-on-year percentage change in GDP (current LCU). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.