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Australia GDP Growth Rate

Last Release
Dec 2020
Actual
3.1 %
Forecast
N/A
Previous
3.4 %
Frequency
Quarterly
Units In
%
Next Release
N/A
Time to Release
N/A
Highest
Lowest
Average
Date Range
Source
4.4 %
Mar 1976
-7 %
Jun 2020
0.83 %1959 - 2020Australian Bureau of Statistics
Australia's economy is dominated by the service sector (65 percent of total GDP). Yet its economic success in recent years has been based on the mining (13.5 percent of GDP) and agriculture (2 percent of GDP) as the country is a major exporter of commodities. Other sectors include: manufacturing (11 percent) and construction (9.5 percent).

Latest Updates

The Australian economy advanced a seasonally adjusted 0.4 percent in the September quarter of 2019, slowing from an upwardly revised 0.6 percent growth in the previous period and missing market expectations of a 0.5 percent expansion. Government spending eased and household consumption expanded at its weakest pace since the global financial crisis.

Australia GDP Growth Rate History

Last 12 readings

Latest Releases and Calendar Events

DATETIMETITLE
Dec 4, 201911:38Australia Q3 GDP Growth Below Estimates
Sep 4, 201909:46Australia Q2 GDP Growth Matches Estimetes
Jun 5, 201911:58Australia Q1 GDP Growth Below Forecasts

Australia gdp Indicators

All Australia indicators
Indicator
Last
Previous
Min
Max
Unit
Frequency
Range
GDP
1,392.7
Dec 2019
1,433.9
Dec 2018
18.6
Dec 1960
1,576.2
Dec 2013
USD BillionYearly1960 - 2019
GDP Annual Growth Rate
-1.1
Dec 2020
-3.7
Sep 2020
-6.4
Jun 2020
9
Mar 1967
%Quarterly1960 - 2020
GDP Constant Prices
491,525
Dec 2020
476,618
Sep 2020
63,799
Sep 1959
491,525
Dec 2020
AUD MillionQuarterly1959 - 2020
GDP From Agriculture
11,462
Dec 2020
9,038
Sep 2020
3,879
Jun 1983
12,375
Mar 2017
AUD MillionQuarterly1974 - 2020
GDP From Construction
33,123
Dec 2020
33,035
Sep 2020
8,565
Jun 1975
37,168
Jun 2014
AUD MillionQuarterly1974 - 2020
GDP From Manufacturing
27,046
Dec 2020
26,728
Sep 2020
16,320
Mar 1975
30,742
Jun 2008
AUD MillionQuarterly1974 - 2020

GDP Growth Rate across Pacific

GDP Growth Rate global view
Country
Last
Previous
Min
Max
Unit
Frequency
Range
Australia
3.1
Dec 2020
3.4
Sep 2020
-7
Jun 2020
4.4
Mar 1976
%Quarterly1959 - 2020
New Zealand
-1
Dec 2020
13.9
Sep 2020
-12.2
Jun 2020
13.9
Sep 2020
%Quarterly1987 - 2020

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