Australia GDP Growth Rate (2026)
Australia has a high-income economy supported by services, mining, consumer spending, investment, construction, and international trade. This page reviews its GDP growth trend, historical performance, regional comparison, and outlook.
GDP Growth Rate 2026
+2.0%
Annual real GDP growth
World Rank
#140
Out of 195 countries
Change vs 2025
+0.0 pp
2025: +2.0%
Oceania Rank
#13
Out of 14 countries
1. Australia GDP Growth Rate in 2026
Australian economic growth is influenced by household demand, mining exports, business investment, population growth, and services. Interest rates, housing conditions, commodity demand, and trade with major Asian economies are also important.
2. Australia GDP Growth Rate Trends (1980–2026)
Australia’s growth history has benefited from population expansion, resource exports, investment, and strong links with Asian markets. Commodity cycles and global downturns have periodically affected the pace of economic activity.
3. Australia GDP Growth Rate (Historical Data)
| Year | GDP Growth Rate | Change (pp) |
|---|---|---|
| 2026 | +2.0% | +0.0 pp |
| 2025 | +2.0% | +1.0 pp |
| 2024 | +1.0% | -1.1 pp |
| 2023 | +2.1% | -2.1 pp |
| 2022 | +4.2% | -1.2 pp |
| 2021 | +5.4% | +7.4 pp |
| 2020 | -2.0% | -4.0 pp |
| 2019 | +2.0% | -0.8 pp |
| 2018 | +2.8% | +0.4 pp |
| 2017 | +2.4% | -0.3 pp |
| 2016 | +2.7% | +0.4 pp |
| 2015 | +2.3% | -0.3 pp |
| 2014 | +2.6% | +0.4 pp |
| 2013 | +2.2% | -1.7 pp |
| 2012 | +3.9% | +1.1 pp |
| 2011 | +2.8% | +0.4 pp |
| 2010 | +2.4% | +0.4 pp |
| 2009 | +2.0% | -0.7 pp |
| 2008 | +2.7% | -1.7 pp |
| 2007 | +4.4% | +1.8 pp |
| 2006 | +2.6% | -0.4 pp |
| 2005 | +3.0% | -1.1 pp |
| 2004 | +4.1% | +1.1 pp |
| 2003 | +3.0% | -1.1 pp |
| 2002 | +4.1% | +1.5 pp |
| 2001 | +2.6% | -0.5 pp |
| 2000 | +3.1% | -1.3 pp |
| 1999 | +4.4% | -0.3 pp |
| 1998 | +4.7% | 0.0 pp |
| 1997 | +4.7% | +0.7 pp |
| 1996 | +4.0% | +1.0 pp |
| 1995 | +3.0% | -1.9 pp |
| 1994 | +4.9% | +1.0 pp |
| 1993 | +3.9% | +1.3 pp |
| 1992 | +2.6% | +3.6 pp |
| 1991 | -1.0% | -2.5 pp |
| 1990 | +1.5% | -3.1 pp |
| 1989 | +4.6% | +0.3 pp |
| 1988 | +4.3% | -0.6 pp |
| 1987 | +4.9% | +2.5 pp |
| 1986 | +2.4% | -3.1 pp |
| 1985 | +5.5% | -0.8 pp |
| 1984 | +6.3% | +6.8 pp |
| 1983 | -0.5% | -0.6 pp |
| 1982 | +0.1% | -4.0 pp |
| 1981 | +4.1% | +1.2 pp |
| 1980 | +2.9% | — |
4. Australia GDP Growth Performance
Current Growth Rate
+2.0%
(2026 to 2026)
5-Year Average
+2.3%
(2022 to 2026)
10-Year Average
+2.2%
(2017 to 2026)
20-Year Average
+2.5%
(2007 to 2026)
Australia continues to benefit from resource exports, population growth, services, and investment, while higher household costs and borrowing pressures can restrain consumption. External demand remains important for mining and commodity-related activity.
5. Australia GDP Growth Rate vs Oceania and World
Australia
+2.0%
Oceania Average
+2.7%
World Average
+2.8%
0.0%
1.4%
2.8%
Annual real GDP growth (%)
Australia’s GDP growth rate is approximately
0.7 pp
below the
Oceania average
and
0.8 pp
below the world average.
6. Australia GDP Growth Rate Ranking in Oceania
| Rank | Country | GDP Growth Rate |
|---|---|---|
| #6 | Kiribati | +3.1% |
| #7 | Solomon Islands | +2.8% |
| #8 | Tuvalu | +2.5% |
| #9 | Fiji | +2.4% |
| #10 | Tonga | +2.3% |
| #11 | Nauru | +2.1% |
| #12 | New Zealand | +2.1% |
| #13 | Australia | +2.0% |
| #14 | Micronesia | +0.7% |
7. Top 10 Fastest-Growing Countries in the World (2026)
8. GDP Growth Rate and Economy Size in Australia
Australia GDP (Nominal)
$2.12 Trillion
(2026)
Australia GDP Growth Rate
+2.0%
(2026)
Australia often compares favorably with other advanced economies due to population growth and strong resource exports. Its performance within the Asia-Pacific region is closely connected to commodity demand and economic conditions in major trading partners.
Explore more:
Australia GDP
9. Australia GDP Growth Rate Forecast
Australia’s outlook is supported by population growth, investment, services, and demand for natural resources. Housing affordability, household debt, interest rates, commodity prices, and weaker external demand remain important risks.
| Year | GDP Growth Rate | Change |
|---|---|---|
| 2027 | +1.7% | -0.3 pp |
| 2028 | +1.9% | +0.2 pp |
| 2029 | +2.1% | +0.2 pp |
| 2030 | +2.3% | +0.2 pp |
10. Australia GDP Growth Rate: Key Findings
Australia GDP growth rate is estimated at +2.0% in 2026.
It ranks #140 globally and #13 in Oceania by annual GDP growth rate.
The growth rate accelerated by 0.0 percentage points compared with 2025.
The 5-year average GDP growth rate is +2.3%.
The 10-year average GDP growth rate is +2.2%.
The current rate is 0.7 percentage points below the Oceania average.
The current rate is 0.8 percentage points below the world average.
The forecast GDP growth rate is +2.3% in 2030, 0.3 percentage points above the 2026 rate.
11. What Is GDP Growth Rate?
GDP growth rate measures the percentage change in a country’s real gross domestic product from one period to the next, usually year over year.
GDP Growth Rate
=
(Real GDPₜ − Real GDPₜ₋₁)
÷
Real GDPₜ₋₁ × 100
A positive rate indicates economic expansion, while a negative rate indicates contraction. Real GDP growth is preferred for growth comparisons because it adjusts for price changes.
12. Methodology and Data Sources
Primary Source:
International Monetary Fund (IMF)
Additional Source:
World Bank
Measure:
Annual percentage change in real GDP
Unit:
Percent (%)
Comparisons:
Year-to-year rate differences are shown in percentage points (pp)
Update Frequency:
Annually and when new forecasts are released
Last Updated:
September 2026
13. Australia GDP Growth Rate FAQs
Australia GDP growth rate is estimated at +2.0% in 2026.
Australia ranks #140 globally and #13 in Oceania by annual GDP growth rate.
The economy is expanding, with real GDP growth of approximately +2.0% in 2026.
Australia GDP growth rate was +2.3% in 2015.
Australia GDP growth rate is 0.7 percentage points below the Oceania average.
15. Explore GDP Growth Rate
Disclaimer:
All data are estimates based on IMF, World Bank,
United Nations and related economic datasets.
Figures may differ from official national statistics.