Australia — GDP growth
GDP Growth (Annual %) for Australia, 1961–2025.
GDP growth for Australia was 1.35% in 2025, according to the latest World Bank data. The series covers 65 years, from 1961 to 2025. The highest recorded value was 7.17% in 1970. The lowest was -2.23% in 1983 (about -1.6× the latest value). Across that span the compound annual growth rate works out to -0.95% per year.
Australia ranks 163 of 212 economies on this measure (1 = highest), putting it in the top 77%. The median for East Asia & Pacific is 3.62%, so Australia sits below it. It peaked in 1970 and has fallen 81% since. Over the last decade (2015–2025) the figure moved down 38%. Within East Asia & Pacific it ranks 28 of 36 economies; Japan (1.19%) is just below it. Its sharpest one-year move was up 1603% in 2021. That is 40% below this series' own ten-year average.
Data highlights
From its 1961 level: doubled by 1963.
World ranking. Slipped: 77th of 107 in 1961 → 40th of 119 in 1970 → 74th of 152 in 1980 → 84th of 176 in 1990 → 106th of 199 in 2000 → 141st of 209 in 2010 → 41st of 209 in 2020 → 149th of 186 in 2025.
Key figures
Full history — 1961 to 2025
| Year | annual % | Change |
|---|---|---|
| 2025 | 1.35% | -0.0 pp |
| 2024 | 1.37% | -2.2 pp |
| 2023 | 3.58% | -0.7 pp |
| 2022 | 4.25% | +2.2 pp |
| 2021 | 2.01% | +2.1 pp |
| 2020 | -0.13% | -2.3 pp |
| 2019 | 2.19% | -0.7 pp |
| 2018 | 2.87% | +0.6 pp |
| 2017 | 2.29% | -0.5 pp |
| 2016 | 2.76% | +0.6 pp |
| 2015 | 2.16% | -0.4 pp |
| 2014 | 2.6% | -0.1 pp |
| 2013 | 2.65% | -1.3 pp |
| 2012 | 3.95% | +1.6 pp |
| 2011 | 2.39% | +0.2 pp |
| 2010 | 2.21% | +0.3 pp |
| 2009 | 1.95% | -1.7 pp |
| 2008 | 3.62% | -0.2 pp |
| 2007 | 3.79% | +1.0 pp |
| 2006 | 2.77% | -0.4 pp |
| 2005 | 3.16% | -1.1 pp |
| 2004 | 4.22% | +1.1 pp |
| 2003 | 3.09% | -0.9 pp |
| 2002 | 3.95% | +1.9 pp |
| 2001 | 2.03% | -1.9 pp |
| 2000 | 3.92% | -1.1 pp |
| 1999 | 5.03% | +0.4 pp |
| 1998 | 4.68% | +0.8 pp |
| 1997 | 3.92% | +0.1 pp |
| 1996 | 3.87% | -0.0 pp |
| 1995 | 3.89% | -0.1 pp |
| 1994 | 3.98% | -0.1 pp |
| 1993 | 4.05% | +3.6 pp |
| 1992 | 0.43% | +0.8 pp |
| 1991 | -0.38% | -4.0 pp |
| 1990 | 3.57% | -0.3 pp |
| 1989 | 3.88% | -1.9 pp |
| 1988 | 5.76% | +3.2 pp |
| 1987 | 2.56% | -1.4 pp |
| 1986 | 3.97% | -1.3 pp |
| 1985 | 5.28% | +0.7 pp |
| 1984 | 4.56% | +6.8 pp |
| 1983 | -2.23% | -5.6 pp |
| 1982 | 3.33% | -0.0 pp |
| 1981 | 3.34% | +0.3 pp |
| 1980 | 3.03% | -1.0 pp |
| 1979 | 4.05% | +3.2 pp |
| 1978 | 0.9% | -2.7 pp |
| 1977 | 3.59% | +1.0 pp |
| 1976 | 2.59% | +1.2 pp |
| 1975 | 1.34% | -2.8 pp |
| 1974 | 4.11% | +1.5 pp |
| 1973 | 2.62% | -1.3 pp |
| 1972 | 3.91% | -0.1 pp |
| 1971 | 4% | -3.2 pp |
| 1970 | 7.17% | +0.1 pp |
| 1969 | 7.05% | +2.0 pp |
| 1968 | 5.1% | -1.2 pp |
| 1967 | 6.31% | +3.9 pp |
| 1966 | 2.38% | -3.6 pp |
| 1965 | 5.98% | -1.0 pp |
| 1964 | 6.98% | +0.8 pp |
| 1963 | 6.21% | +4.9 pp |
| 1962 | 1.3% | -1.2 pp |
| 1961 | 2.48% | — |
Frequently asked questions
What was Australia’s GDP growth in 1962?
1.3% (1962). The full year-by-year table above lists every published year, most recent first.
Are changes in this series measured in percentage points?
Yes. The series is a share expressed in annual %, so year-over-year movements in the Change column are percentage points (pp), not percent.
Is Australia’s GDP growth growing or shrinking?
Between 1961 and 2025 the series was shrinking overall: -45.6% in total — about 0.9% a year compounded.
Where does this data come from?
World Bank Open Data (CC BY-4.0), indicator NY.GDP.MKTP.KD.ZG. Values are reproduced as published; this page only computes summary statistics such as change, CAGR and extremes.
What are the most recent published figures?
The last five published years: 2025: 1.35%; 2024: 1.37%; 2023: 3.58%; 2022: 4.25%; 2021: 2.01%. Earlier years are in the full-history table below.
Related data
NY.GDP.MKTP.KD.ZG — GDP Growth (Annual %). Data licensed under CC BY 4.0. Values are reproduced as published; this page computes the summary statistics (change, CAGR, extremes) from the underlying annual series. View the original dataset on data.worldbank.org.