Australia gdp growth


Australia gdp growth: 0.1 (-50%)
Last Update: March 31, 2024

Australia gdp growth closed down 0.1 as of March 31, 2024 from 0.2 from the previous month and 1.9 from last year.


Australia gdp growth Analytics & Data




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Australia gdp growth

DateValues
2024-03-31 0.1
2023-12-31 0.2
2023-09-30 0.3
2023-06-30 0.5
2023-03-31 0.6
2022-12-31 0.9
2022-09-30 0.7
2022-06-30 0.8
2022-03-31 0.6
2021-12-31 3.9
2021-09-30 -1.8
2021-06-30 0.8
2021-03-31 1.9
2020-12-31 3.3
2020-09-30 3.6
2020-06-30 -7
2020-03-31 -0.3
2019-12-31 0.6
2019-09-30 0.5
2019-06-30 0.8
2019-03-31 0.4
2018-12-31 0.1
2018-09-30 0.2
2018-06-30 0.9

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Australia gdp growth Statistics


IndicatorSymbolActualPreviousM/M%Y/Y%TrendSlopePercentileUpdate
gdp growthau.gdpgrowth0.10.2-50-95DownDown152024-03-31

Australia gdp growth Factors

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Australia gdp growth Historical Data

The MacroVar database offers free access to historical data for the Australia gdp growth, dating back to 1950. This extensive dataset is readily available through MacroVar versatile platforms, including a user-friendly web interface, a robust Python API, and convenient Excel integration. By leveraging these tools, users can efficiently retrieve and analyze decades of Australia gdp growth data, supporting a wide range of research, financial analysis, and decision-making processes.

What is the Australia gdp growth

Australia's GDP growth refers to the rate at which the country's economy is expanding. This measurement is often used as an indicator of the overall health of the economy, with higher GDP growth rates typically signaling a stronger and more prosperous economy. Factors such as consumer spending, business investment, exports, and government spending all play a role in driving GDP growth. A steady and consistent GDP growth rate is generally seen as a positive sign for a country, as it indicates that the economy is growing and creating opportunities for businesses and individuals. Additionally, sustained GDP growth can lead to increased employment opportunities, higher wages, and overall improvements in the standard of living for the population.