Australia Real GDP Growth
Key information about Australia Real GDP Growth
- The Gross Domestic Product (GDP) in Australia expanded 2.7 % YoY in Dec 2022, following a growth of 5.9 % in the previous quarter.
- Real GDP Growth YoY data in Australia is updated quarterly, available from Sep 1960 to Dec 2022, with an average rate of 3.2 %.
- The data reached an all-time high of 10.3 % in Jun 2021 and a record low of -5.8 % in Jun 2020.
Related information about Australia Real GDP Growth
- In the latest reports, Nominal GDP of Australia reached 414.7 USD bn in Dec 2022.
- Its GDP deflator (implicit price deflator) increased 9.1 % in Dec 2022.
- GDP Per Capita in Australia reached 65,005.8 USD in Jun 2022.
- Its Gross Savings Rate was measured at 29.6 % in Dec 2022.
- For Nominal GDP contributions, Investment accounted for 23.7 % in Dec 2022.
- Public Consumption accounted for 20.4 % in Dec 2022.
- Private Consumption accounted for 49.9 % in Dec 2022.
View Australia's Real GDP Growth from Sep 1960 to Dec 2022 in the chart:
What was Australia's Real GDP Growth in Dec 2022?
The Gross Domestic Product (GDP) in Australia expanded 2.7 % YoY in Dec 2022, following a growth of 5.9 % in the previous quarter. See the table below for more data.
Last | Previous | Min | Max | Unit | Frequency | Range |
---|---|---|---|---|---|---|
2.7 Dec 2022 | 5.9 Sep 2022 | -5.8 Jun 2020 | 10.3 Jun 2021 | % | quarterly | Sep 1960 - Dec 2022 |
Real GDP Growth by Country Comparison
country/region | Last | Frequency | Range |
---|---|---|---|
Albania (%) | 4.7 Dec 2022 | quarterly | Mar 2010 - Dec 2022 |
Algeria (%) | 3.6 Jun 2024 | quarterly | Mar 2000 - Jun 2024 |
Argentina (%) | 1.2 Mar 2023 | quarterly | Mar 2005 - Mar 2023 |
Armenia (%) | 12.1 Mar 2023 | quarterly | Mar 2001 - Mar 2023 |
Australia (%) | 2.7 Dec 2022 | quarterly | Sep 1960 - Dec 2022 |
Austria (%) | 1.8 Mar 2023 | quarterly | Mar 1989 - Mar 2023 |
Azerbaijan (%) | 4.6 Jun 2024 | quarterly | Mar 2001 - Jun 2024 |
Bahrain (%) | 1.3 Jun 2024 | quarterly | Mar 2009 - Jun 2024 |
Bangladesh (%) | 7.1 2022 | yearly | 2007 - 2022 |
Belarus (%) | -2.0 Mar 2023 | quarterly | Mar 2006 - Mar 2023 |
Belgium (%) | 1.9 Sep 2022 | quarterly | Mar 1996 - Sep 2022 |
Bolivia (%) | 4.3 Jun 2022 | quarterly | Mar 1991 - Jun 2022 |
Bosnia and Herzegovina (%) | 2.6 Sep 2022 | quarterly | Mar 2009 - Sep 2022 |
Botswana (%) | 6.3 Sep 2022 | quarterly | Mar 1995 - Sep 2022 |
Brazil (%) | 3.4 Mar 2023 | quarterly | Mar 1997 - Mar 2023 |
Brunei (%) | 0.9 Sep 2022 | quarterly | Mar 2005 - Sep 2022 |
Bulgaria (%) | 2.3 Dec 2022 | quarterly | Mar 1996 - Dec 2022 |
Cambodia (%) | 5.3 2022 | yearly | 1994 - 2022 |
Canada (%) | 2.1 Dec 2022 | quarterly | Mar 1962 - Dec 2022 |
Chile (%) | -0.1 Sep 2022 | quarterly | Mar 1987 - Sep 2022 |
China (%) | 4.5 Mar 2023 | quarterly | Mar 1992 - Mar 2023 |
Colombia (%) | 2.9 Dec 2022 | quarterly | Mar 2001 - Dec 2022 |
Croatia (%) | 4.0 Dec 2022 | quarterly | Mar 1996 - Dec 2022 |
Cyprus (%) | 3.4 Mar 2023 | quarterly | Mar 1996 - Mar 2023 |
Czech Republic (%) | 0.2 Dec 2022 | quarterly | Mar 1996 - Dec 2022 |
Denmark (%) | 1.5 Dec 2022 | quarterly | Mar 1992 - Dec 2022 |
Ecuador (%) | 3.2 Sep 2022 | quarterly | Mar 1994 - Sep 2022 |
Egypt (%) | 4.4 Sep 2022 | quarterly | Sep 2002 - Sep 2022 |
Estonia (%) | -4.4 Dec 2022 | quarterly | Mar 1996 - Dec 2022 |
European Union (%) | 1.3 Mar 2023 | quarterly | Mar 1996 - Mar 2023 |
Finland (%) | -0.3 Mar 2023 | quarterly | Mar 1976 - Mar 2023 |
France (%) | 0.9 Mar 2023 | quarterly | Mar 1950 - Mar 2023 |
Georgia (%) | 9.7 Dec 2022 | quarterly | Mar 1998 - Dec 2022 |
Germany (%) | -0.5 Mar 2023 | quarterly | Mar 1992 - Mar 2023 |
Ghana (%) | 1.7 Sep 2024 | quarterly | Jun 2006 - Sep 2024 |
Greece (%) | 5.2 Dec 2022 | quarterly | Mar 1996 - Dec 2022 |
Hong Kong SAR, China (%) | 2.8 Mar 2023 | quarterly | Mar 1991 - Mar 2023 |
Hungary (%) | 0.8 Dec 2022 | quarterly | Mar 1996 - Dec 2022 |
Iceland (%) | 6.1 Mar 2023 | quarterly | Mar 1996 - Mar 2023 |
India (%) | 4.4 Dec 2022 | quarterly | Jun 2005 - Dec 2022 |
Indonesia (%) | 5.0 Dec 2022 | quarterly | Mar 1994 - Dec 2022 |
Iran (%) | 5.0 Mar 2022 | quarterly | Jun 1989 - Mar 2022 |
Ireland (%) | -0.3 Mar 2023 | quarterly | Mar 1996 - Mar 2023 |
Israel (%) | 2.5 Dec 2022 | quarterly | Mar 1996 - Dec 2022 |
Italy (%) | 1.4 Dec 2022 | quarterly | Mar 1982 - Dec 2022 |
Ivory Coast (%) | 6.8 2022 | yearly | 1966 - 2022 |
Japan (%) | 0.4 Dec 2022 | quarterly | Mar 1956 - Dec 2022 |
Jordan (%) | 2.8 Mar 2023 | quarterly | Mar 1993 - Mar 2023 |
Kazakhstan (%) | 3.4 Mar 2023 | quarterly | Mar 2006 - Mar 2023 |
Kenya (%) | 5.2 Sep 2022 | quarterly | Mar 2010 - Sep 2022 |
South Korea (%) | 1.3 Dec 2022 | quarterly | Mar 1961 - Dec 2022 |
Kosovo (%) | 4.0 Sep 2024 | quarterly | Mar 2011 - Sep 2024 |
Kuwait (%) | -1.6 Jun 2024 | quarterly | Jun 2010 - Jun 2024 |
Kyrgyzstan (%) | 7.0 Dec 2022 | quarterly | Mar 2007 - Dec 2022 |
Laos (%) | 3.5 2021 | yearly | 2003 - 2021 |
Latvia (%) | 0.4 Mar 2023 | quarterly | Mar 1996 - Mar 2023 |
Lebanon (%) | 2.0 2021 | yearly | 2012 - 2021 |
Lithuania (%) | -0.4 Dec 2022 | quarterly | Jun 1995 - Dec 2022 |
Luxembourg (%) | -2.2 Dec 2022 | quarterly | Mar 1996 - Dec 2022 |
Macau SAR, China (%) | -23.4 Dec 2022 | quarterly | Mar 2002 - Dec 2022 |
North Macedonia (%) | 0.6 Dec 2022 | quarterly | Mar 2001 - Dec 2022 |
Malawi (%) | 4.0 2018 | yearly | 2003 - 2018 |
Malaysia (%) | 7.0 Dec 2022 | quarterly | Mar 2001 - Dec 2022 |
Malta (%) | 4.6 Mar 2024 | quarterly | Mar 2001 - Mar 2024 |
Mauritius (%) | 7.4 Sep 2022 | quarterly | Mar 2001 - Sep 2022 |
Mexico (%) | 3.7 Dec 2022 | quarterly | Mar 1981 - Dec 2022 |
Moldova (%) | -10.3 Sep 2022 | quarterly | Mar 1996 - Sep 2022 |
Mongolia (%) | 7.7 Dec 2022 | quarterly | Mar 2011 - Dec 2022 |
Montenegro (%) | 2.7 Jun 2024 | quarterly | Mar 2011 - Jun 2024 |
Morocco (%) | 0.5 Dec 2022 | quarterly | Mar 2008 - Dec 2022 |
Mozambique (%) | 2.0 Dec 2018 | quarterly | Jun 2007 - Dec 2018 |
Myanmar (%) | 3.3 2023 | yearly | 2011 - 2023 |
Nepal (%) | 1.0 Jun 2024 | quarterly | Dec 2004 - Jun 2024 |
Netherlands (%) | 2.1 Mar 2023 | quarterly | Mar 1997 - Mar 2023 |
New Zealand (%) | 1.8 Mar 2023 | quarterly | Jun 1983 - Mar 2023 |
Nigeria (%) | 2.3 Mar 2023 | quarterly | Mar 2011 - Mar 2023 |
Norway (%) | 1.8 Dec 2022 | quarterly | Mar 1979 - Dec 2022 |
Oman (%) | 3.1 2021 | yearly | 1999 - 2021 |
Pakistan (%) | 1.7 2023 | yearly | 2001 - 2023 |
Palestinian Territory (%) | 4.8 Jun 2024 | quarterly | Jun 2000 - Jun 2024 |
Panama (%) | 9.5 Sep 2022 | quarterly | Mar 2008 - Sep 2022 |
Paraguay (%) | 5.2 Mar 2023 | quarterly | Mar 1995 - Mar 2023 |
Peru (%) | -0.4 Mar 2023 | quarterly | Mar 1981 - Mar 2023 |
Philippines (%) | 7.1 Dec 2022 | quarterly | Mar 1999 - Dec 2022 |
Poland (%) | 0.4 Dec 2022 | quarterly | Mar 1996 - Dec 2022 |
Portugal (%) | 1.8 Jun 2019 | quarterly | Mar 1996 - Jun 2019 |
Qatar (%) | -0.0 Dec 2023 | quarterly | Mar 2012 - Dec 2023 |
Romania (%) | 2.9 Mar 2023 | quarterly | Mar 1996 - Mar 2023 |
Russia (%) | -2.6 Mar 2023 | quarterly | Mar 1996 - Mar 2023 |
Saudi Arabia (%) | -3.7 Dec 2023 | quarterly | Mar 2011 - Dec 2023 |
Serbia (%) | 4.5 Sep 2019 | quarterly | Mar 1997 - Sep 2019 |
Singapore (%) | 0.4 Mar 2023 | quarterly | Mar 1976 - Mar 2023 |
Slovakia (%) | 1.2 Dec 2022 | quarterly | Mar 1994 - Dec 2022 |
Slovenia (%) | 1.0 Sep 2024 | quarterly | Mar 1996 - Sep 2024 |
South Africa (%) | 1.3 Dec 2022 | quarterly | Mar 1961 - Dec 2022 |
Spain (%) | 2.7 Dec 2022 | quarterly | Mar 1996 - Dec 2022 |
Sri Lanka (%) | -12.4 Dec 2022 | quarterly | Mar 2011 - Dec 2022 |
Sudan (%) | -1.9 2021 | yearly | 1983 - 2021 |
Sweden (%) | -0.1 Dec 2022 | quarterly | Mar 1982 - Dec 2022 |
Switzerland (%) | 0.7 Mar 2023 | quarterly | Mar 1966 - Mar 2023 |
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Learn more about what we doAustralia Key Series
Government and Public Finance | Last | Frequency | Range |
---|---|---|---|
Consolidated Fiscal Balance: % of GDP (%) | -2.1 Sep 2024 | quarterly | Jun 2003 - Sep 2024 |
Consolidated Fiscal Balance (USD mn) | -20,262.041 Sep 2024 | quarterly | Sep 2002 - Sep 2024 |
Tax Revenue (USD mn) | 125,735.607 Sep 2024 | quarterly | Sep 2002 - Sep 2024 |
Tax Revenue: % of GDP (%) | 27.7 Sep 2024 | quarterly | Sep 2002 - Sep 2024 |
National Government Debt (USD mn) | 650,929.8 2023 | yearly | 1999 - 2023 |
Government Debt: % of GDP (%) | 38.0 2023 | yearly | 1999 - 2023 |
Forecast: Government Expenditure (AUD bn) | 1,268.078 2029 | yearly | 1988 - 2029 |
Forecast: Government Net Debt (AUD bn) | 1,568.589 2029 | yearly | 1989 - 2029 |
Forecast: Government Revenue (AUD bn) | 1,234.249 2029 | yearly | 1988 - 2029 |
DOT Forecast: Budget Aggregates: Revenue (AUD bn) | 819.600 2028 | yearly | 1997 - 2028 |
DOT Forecast: Budget Aggregates: Expenses (AUD bn) | 829.800 2028 | yearly | 1997 - 2028 |
Foreign Trade | Last | Frequency | Range |
---|---|---|---|
Forecast: Exports of Goods Growth (%) | 2.969 2029 | yearly | 1980 - 2029 |
Trade Balance (USD mn) | 3,988.5 Oct 2024 | monthly | Jul 1971 - Oct 2024 |
Total Exports (USD mn) | 28,239.2 Oct 2024 | monthly | Jul 1971 - Oct 2024 |
Total Exports Growth (%) | -9.2 Oct 2024 | monthly | Jul 1972 - Oct 2024 |
Aluminum: Exports (USD th) | 4,120,297.894 2023 | yearly | 1995 - 2023 |
Exports: Medicament (USD th) | 1,275,238.605 2023 | yearly | 1995 - 2023 |
Exports: Medicinal and Pharmaceutical Product (USD th) | 1,826,091.258 2023 | yearly | 1995 - 2023 |
Total Imports (USD mn) | 24,250.7 Oct 2024 | monthly | Jul 1971 - Oct 2024 |
Total Imports Growth (%) | -3.1 Oct 2024 | monthly | Jul 1972 - Oct 2024 |
Imports: Medicament (USD th) | 7,493,317.912 2022 | yearly | 1995 - 2022 |
Imports: Medicinal and Pharmaceutical Product (USD th) | 6,198,455.930 2022 | yearly | 1995 - 2022 |
Total Exports to USA (USD mn) | 1,463.280 Oct 2024 | monthly | Jan 1988 - Oct 2024 |
Total Imports from USA (USD mn) | 2,687.370 Oct 2024 | monthly | Apr 1969 - Oct 2024 |
Total Exports to China (USD mn) | 9,197.090 Oct 2024 | monthly | Apr 1969 - Oct 2024 |
Total Imports from China (USD mn) | 7,239.350 Oct 2024 | monthly | Jan 1988 - Oct 2024 |
Trade Balance: Goods (AUD mn) | 2,259.000 Oct 2024 | monthly | Jul 1971 - Oct 2024 |
Trade Balance: sa: Goods (AUD mn) | 5,953.000 Oct 2024 | monthly | Jul 1971 - Oct 2024 |
Export: SITC: Value: FOB: Manufactured Goods Classified Chiefly By Material (MG) (AUD mn) | 1,858.000 Sep 2024 | monthly | Jan 1988 - Sep 2024 |
Export: SITC: Value: FOB: Crude Materials, Inedible, Except Fuels (CM) (AUD mn) | 13,991.000 Sep 2024 | monthly | Jan 1988 - Sep 2024 |
Export: Value: Coal, whether or not Pulverized, but not Agglomerated (AUD mn) | 6,591.000 Oct 2024 | monthly | Jan 1988 - Oct 2024 |
Export Value: SITC: FOB: MS: Copper Ore & Concentrate, Copper Matte & Cement Cop... (AUD mn) | 482.000 Oct 2024 | monthly | Jan 1988 - Oct 2024 |
Export Value: SITC: FOB: MS: Aluminum Ore & Concentrate (AUD mn) | 1,265.000 Oct 2024 | monthly | Jan 1988 - Oct 2024 |
Terms of Trade Index (2016-2017=100) | 106.800 Dec 2018 | quarterly | Sep 1959 - Dec 2018 |
Import Value: SITC: NF: Copper (AUD mn) | 97.000 Oct 2024 | monthly | Jan 1988 - Oct 2024 |
Import Value: SITC: NF: Aluminium (AUD mn) | 160.000 Oct 2024 | monthly | Jan 1988 - Oct 2024 |
Import Value: ANZSIC 2006: Metal Ore Mining (AUD mn) | 18.000 Oct 2024 | monthly | Jul 2005 - Oct 2024 |
Export Value Index (2015=100) | 183.729 2021 | yearly | 1995 - 2021 |
Import Value Index (2015=100) | 125.258 2021 | yearly | 1995 - 2021 |
Monetary | Last | Frequency | Range |
---|---|---|---|
Non Performing Loans Ratio (%) | 1.1 Jun 2024 | quarterly | Jun 2004 - Jun 2024 |
Household Debt: % of GDP (%) | 116.6 Mar 2023 | quarterly | Jun 1988 - Mar 2023 |
Non-Performing Loans (USD mn) | 30,395.707 Jun 2024 | quarterly | Sep 1994 - Jun 2024 |
Money Supply M1 (USD mn) | 1,134,779.638 Oct 2024 | monthly | Feb 1975 - Oct 2024 |
Money Supply M2 (USD mn) | 2,036,732.321 Oct 2024 | monthly | Mar 1965 - Oct 2024 |
M2 Growth (%) | 6.4 Oct 2024 | monthly | Mar 1966 - Oct 2024 |
Foreign Exchange Reserves (USD mn) | 39,262.3 Nov 2024 | monthly | Jul 1969 - Nov 2024 |
Foreign Exchange Reserves: % of GDP (%) | 2.137 Sep 2024 | quarterly | Sep 1969 - Sep 2024 |
Foreign Exchange Reserves: Months of Import (NA) | 1.5 May 2023 | monthly | Jul 1971 - May 2023 |
Gold Reserves (USD mn) | 6,802.828 Nov 2024 | monthly | Jan 1958 - Nov 2024 |
Total Deposits (USD mn) | 2,614,643.998 Mar 2023 | quarterly | Sep 2004 - Mar 2023 |
Total Deposits Growth (%) | 3.8 Jun 2024 | quarterly | Sep 2005 - Jun 2024 |
Domestic Credit (USD mn) | 3,928,501.8 Sep 2024 | monthly | Dec 2001 - Sep 2024 |
Domestic Credit Growth (%) | -1.1 Sep 2024 | monthly | Dec 2002 - Sep 2024 |
Debt Service Ratio: Households (%) | 18.800 Dec 2023 | quarterly | Mar 1999 - Dec 2023 |
Debt Service Ratio: Private Non-Financial Sector (%) | 22.300 Dec 2023 | quarterly | Mar 1999 - Dec 2023 |
Credit to Households (USD bn) | 1,953.455 Dec 2023 | quarterly | Dec 1977 - Dec 2023 |
Credit to Private Non-Financial Sector (USD bn) | 3,023.117 Dec 2023 | quarterly | Mar 1971 - Dec 2023 |
Household Debt (USD mn) | 2,107,060.2 Jun 2024 | quarterly | Jun 1988 - Jun 2024 |
Total Loans (USD mn) | 2,428,958.111 Oct 2024 | monthly | Sep 1976 - Oct 2024 |
Total Loans Growth (%) | 6.68 Oct 2024 | monthly | Sep 1977 - Oct 2024 |
Private Debt: % of Nominal GDP (%) | 125.30 Sep 2024 | quarterly | Mar 1990 - Sep 2024 |
AU: Broad Money (AUD mn) | 3,254,406.401 2023 | yearly | 1960 - 2023 |
Business and Economic Survey | Last | Frequency | Range |
---|---|---|---|
Economic Policy Uncertainty Index (Index) | 111.981 Oct 2024 | monthly | Jan 1997 - Oct 2024 |
Geopolitical Risk Index (%) | 0.106 Nov 2024 | monthly | Jan 1985 - Nov 2024 |
Exports: % of GDP (%) | 27.346 2022 | yearly | 2001 - 2022 |
Imports: % of GDP (%) | 21.613 2022 | yearly | 2001 - 2022 |
Business Confidence Growth (% Point) | 8.0 Oct 2024 | monthly | Jul 2013 - Oct 2024 |
More Indicators for Australia
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