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Australia - Gross domestic product in constant prices growth rate

2.2 (%) in 2017

In 2017, real GDP growth for Australia was 2.2 %. Though Australia real GDP growth fluctuated substantially in recent years, it tended to decrease through 1998 - 2017 period ending at 2.2 % in 2017.

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What is real GDP growth?

Annual percentage growth rate of GDP at market prices based on constant local currency. GDP is the sum of gross value added by all resident producers in the economy plus any product taxes and minus any subsidies not included in the value of the products. It is calculated without making deductions for depreciation of fabricated assets or for depletion and degradation of natural resources.

What is Australia real GDP growth?

Date Value Change, %
2017 2.2 -14.74 %
2016 2.6 4.95 %
2015 2.5 -5.16 %
2014 2.6 20.53 %
2013 2.2 -44.21 %
2012 3.9 42.13 %
2011 2.7 15.77 %
2010 2.4 25.85 %
2009 1.9 -29.51 %
2008 2.7 -38.36 %
2007 4.3 54.70 %
2006 2.8