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Australia — GDP growth
GDP Growth (Annual %) for Australia, 1961–2025.
Latest value · 2025
1.35%
GDP Growth (Annual %) · annual % · -45.6% since 1961
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%.
Key figures
Latest (2025)
1.35%
First (1961)
2.48%
Change
-45.6%
Highest
7.17%
in 1970
Lowest
-2.23%
in 1983
Average
3.32%
Annual growth (CAGR)
-0.95%
Years of data
65
Recent years
| Year | annual % |
|---|---|
| 2025 | 1.35% |
| 2024 | 1.37% |
| 2023 | 3.58% |
| 2022 | 4.25% |
| 2021 | 2.01% |
| 2020 | -0.13% |
| 2019 | 2.19% |
| 2018 | 2.87% |
| 2017 | 2.29% |
| 2016 | 2.76% |
| 2015 | 2.16% |
| 2014 | 2.6% |
Reading this correctly. Annual percentage growth rate of GDP at constant market prices. A negative value means the economy contracted that year. Figures are in annual %. Comparing this series with a different measure of the same concept (for example a nominal figure against a purchasing-power-parity figure) will give misleading results.
Related data
Source. World Bank Open Data, indicator
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.