Australia GDP Growth Rate (2024)
Australia's GDP Growth Rate: 1.4 % annual change in 2024, -2.2pp YoY. World Bank (NY.GDP.MKTP.KD.ZG), 1990–2024.
Australia (2024)
1.4
% annual change
-2.2pp YoY
YoY Change
-2.2pp
percentage points
Trend
down
Series length
35
years of data
Data
| Year | % annual change | YoY Change |
|---|---|---|
| 2024 | 1.4 | -2.2pp |
| 2023 | 3.6 | -0.7pp |
| 2022 | 4.3 | +2.2pp |
| 2021 | 2 | +2.1pp |
| 2020 | -0.1 | -2.3pp |
| 2019 | 2.2 | -0.7pp |
| 2018 | 2.9 | +0.6pp |
| 2017 | 2.3 | -0.5pp |
| 2016 | 2.8 | +0.6pp |
| 2015 | 2.2 | -0.4pp |
| 2014 | 2.6 | -0.1pp |
| 2013 | 2.7 | -1.3pp |
| 2012 | 4 | +1.6pp |
| 2011 | 2.4 | +0.2pp |
| 2010 | 2.2 | +0.3pp |
| 2009 | 2 | -1.7pp |
| 2008 | 3.6 | -0.2pp |
| 2007 | 3.8 | +1pp |
| 2006 | 2.8 | -0.4pp |
| 2005 | 3.2 | n/a |
About this Dataset
Australia recorded 1.4 % annual change in 2024. The most recent year-on-year change was -2.2pp. The historical series (1990–2024) shows a peak of 5 in 1999 and a trough of -0.4 in 1991.
Data sourced from World Bank Open Data API. Values use World Bank standardised methodology ensuring cross-country comparability.
The chart above shows the full historical trend; the table below lists annual values with year-on-year changes.
Frequently Asked Questions
This indicator tracks australia gdp growth rate in Australia, published by World Bank. Data covers 1990–2024 at annual frequency using harmonised methodology.
The most recent observation covers 2024. World Bank typically publishes this series with a lag of several months after the reference period. Updated annual.
The series peaked at 5 % annual change in 1999 and reached its lowest recorded value of -0.4 in 1991. The latest reading of 1.4 in 2024 represents a year-on-year change of -2.2pp.