GDP growth (annual %) (UNESCO Institute) in Australia
Australia: GDP growth (annual %) (UNESCO Institute) was 1.4% in 2024. ▼ Falling
GDP growth in Australia, 1970–2024
Source: UNESCO Institute for Statistics. Measured in annual %.
Analysis
In 2024, gdp growth in Australia stood at 1.4%.
Compared with earlier readings it is down 58.4% on the previous year and down 44.9% over ten years.
Over the whole period, gdp growth in Australia peaked at 7.2% in 1970 and was at its lowest, -2.2%, in 1983.
Australia ranks 161st of 212 countries on this measure, in the bottom quarter.
The long-run direction has been consistently falling across the 55 years of available data.
GDP growth (annual %) (UNESCO Institute) in Australia, year by year
| Year | annual % | Change |
|---|---|---|
| 1970 | 7.2% | — |
| 1971 | 4.0% | -44.2% |
| 1972 | 3.9% | -2.3% |
| 1973 | 2.6% | -33.0% |
| 1974 | 4.1% | +56.8% |
| 1975 | 1.3% | -67.5% |
| 1976 | 2.6% | +93.8% |
| 1977 | 3.6% | +38.9% |
| 1978 | 0.9% | -75.1% |
| 1979 | 4.1% | +353.3% |
| 1980 | 3.0% | -25.1% |
| 1981 | 3.3% | +10.0% |
| 1982 | 3.3% | -0.4% |
| 1983 | -2.2% | -166.9% |
| 1984 | 4.6% | -306.5% |
| 1985 | 5.3% | +14.9% |
| 1986 | 4.0% | -24.9% |
| 1987 | 2.6% | -35.5% |
| 1988 | 5.8% | +124.9% |
| 1989 | 3.9% | -32.7% |
| 1990 | 3.6% | -7.6% |
| 1991 | -0.4% | -110.7% |
| 1992 | 0.4% | -212.0% |
| 1993 | 4.0% | +844.9% |
| 1994 | 4.0% | -1.6% |
| 1995 | 3.9% | -2.4% |
| 1996 | 3.9% | -0.6% |
| 1997 | 3.9% | +1.3% |
| 1998 | 4.7% | +19.2% |
| 1999 | 5.0% | +7.8% |
| 2000 | 3.9% | -22.0% |
| 2001 | 2.0% | -48.4% |
| 2002 | 4.0% | +96.5% |
| 2003 | 3.1% | -22.3% |
| 2004 | 4.2% | +36.7% |
| 2005 | 3.2% | -25.3% |
| 2006 | 2.8% | -12.6% |
| 2007 | 3.8% | +36.9% |
| 2008 | 3.6% | -5.0% |
| 2009 | 1.9% | -47.2% |
| 2010 | 2.2% | +17.3% |
| 2011 | 2.4% | +8.4% |
| 2012 | 3.9% | +62.7% |
| 2013 | 2.6% | -33.6% |
| 2014 | 2.6% | -0.3% |
| 2015 | 2.2% | -15.6% |
| 2016 | 2.8% | +26.0% |
| 2017 | 2.3% | -17.4% |
| 2018 | 2.9% | +26.3% |
| 2019 | 2.2% | -24.6% |
| 2020 | -0.1% | -105.5% |
| 2021 | 2.1% | -1865.3% |
| 2022 | 4.2% | +100.9% |
| 2023 | 3.4% | -18.9% |
| 2024 | 1.4% | -58.4% |
Australia compared with similar countries
- Australia's 1.4% is below the median for high income countries, which is 2.3%, 63% of the median. (83 countries reporting)
- Australia's 1.4% is below the median for East Asia & Pacific, which is 3.8%, 37% of the median. (36 countries reporting)
Biggest year-on-year movements
Years where GDP growth (annual %) (UNESCO Institute) 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 | +1865.3% | -0.1% | 2.1% |
| 1993 | +844.9% | 0.4% | 4.0% |
| 1979 | +353.3% | 0.9% | 4.1% |
| 1984 | +306.5% | -2.2% | 4.6% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 3.4% | 0.9% | 7.2% | 10 |
| 1980s | 3.4% | -2.2% | 5.8% | 10 |
| 1990s | 3.3% | -0.4% | 5.0% | 10 |
| 2000s | 3.2% | 1.9% | 4.2% | 10 |
| 2010s | 2.6% | 2.2% | 3.9% | 10 |
| 2020s | 2.2% | -0.1% | 4.2% | 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)
- Population growth rate 0.503 (2100)
- Population density 5.61 (2100)
- Projected population under age 5 2.09 million (2100)
Frequently asked questions
- What is gdp growth in Australia?
- Gdp growth in Australia was 1.4% in 2024, according to UNESCO Institute for Statistics.
- What is the highest gdp growth recorded in Australia?
- The highest recorded value was 7.2% in 1970.
- What is the lowest gdp growth recorded in Australia?
- The lowest recorded value was -2.2% in 1983.
- How does Australia rank for gdp growth?
- Australia ranks 161st out of 212 countries with data for 2024.
- Is gdp growth rising or falling in Australia?
- Over the last ten years it is down 44.9%. The long-run trend across the full record is falling.
- Where does this Australia data come from?
- The figures come from UNESCO Institute for Statistics, published as part of GDP growth (annual %). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 55 observations, free to reuse under CC BY-SA 3.0 IGO (UNESCO Institute for Statistics).
About this data
February 2026 Data Release