GDP growth in Australia
Australia: GDP growth was 1.4% in 2024. βΌ Falling
Latest (2024)
1.4%
Change on year
down 58.4%
World rank
159th
of 209 countries
All-time high
7.2%
in 1970
All-time low
-2.2%
in 1983
Years of data
55
1970β2024
GDP growth in Australia, 1970β2024
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 159th of 209 countries on this measure, in the bottom quarter.
The long-run direction has been consistently falling across the 55 years of available data.
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 growth rate by level of development 0.503 (2100)
- Projected population under age 5 2.09 million (2100)
- Population density 5.61 (2100)
- Population growth rate 0.503 (2100)
- Fertility and wanted fertility 1.48 (2024)
- Refugee population by country or territory of asylum 29,511 (2024)
- Fertility vs unmet contraception 1.48 (2024)
- Fertility vs contraception 1.48 (2024)
- Natural population growth 0.4553 (2023)
- Fertility rate with projections 1.64 (2023)
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 159th out of 209 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 Β· JSON β 55 observations, free to reuse under CC BY-SA 3.0 IGO (UNESCO Institute for Statistics).
About this data
February 2026 Data Release