The Gross Domestic Product (GDP) in Australia expanded 0.60 percent in the fourth quarter of 2024 over the previous quarter. This page provides - Australia GDP Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar a
Australia's economy expanded 1.3%year on year in the fourth quarter, accelerating for the first time since September 2023. The GDP growth beat expectations of a 1.2% rise from economists polled by Reuters, and also surpassed the 1.1% climb expected by the Reserve Bank of Australia. The ...
The two countries enjoy complementary economic strengths and are natural partners for cooperation. Since 2009, China has been Australia's largest trading partner, export market and import source for 15 consecutive years. In 2023, bilateral trade in goods increased 4.1 percent year by year, while A...
With unemployment still high in the ninth year of economic expansion, further structural reforms are needed to enhance the cyclical responsiveness of the labour market. Figure Count: 2 Table Count: 1OECD Organisation for Economic Co-operation and Development...
Life Expectancy at Birth (Year)83.2002022yearly1960 - 2022 Load more More Indicators for Australia IndicatorsLastFrequencyRange Australia BOP: Current Account: sa: Goods & Services: Services: Credits (AUD mn)32,914.000Dec 2024quarterlySep 1959 - Dec 2024 ...
"The economic implications are profound." According to Lowe, Australia's agriculture industry is already suffering, with an ongoing drought set to hit the country's economic growth this year by 0.25 of a percentage point, while the summer's bushfire disaster would likely cut growth by about 0.2...
Australia is located close to Asia, the new epicentre of global economic growth. It has a strong brand in Mainland China and is well known throughout Asia as the outpost of the English-speaking world. Regional hub Home to many multinational organisations with operations in Asia, Australia is ...
Inflation rate compared to previous year8.53%8.53%7.27%7.27%7.58%7.58%7.23%7.23%3.31%3.31%0.97%0.97%1.75%1.75%1.93%1.93%4.63%4.63%2.65%2.65%0.23%0.23%0.86%0.86%1.41%1.41%4.46%4.46%4.41%4.41%3.05%3.05%2.73%2.73%2.34%2.34%2.66%2.66%3.55%3.55%2.36%2.36%4.35%4.35%1.77%1.77%2.86%2.86%3.36%...
Areas such as services, agriculture and infrastructure construction have turned into new growth points of cooperation between the two countries. Services have witnessed the greatest change in two-way trade, rising 20 percent in the 2015-2016 fiscal year, with new fields being explored such as finan...
“The outlook for 2025 could be seen as a kind of economic Rorschach test– the interpretation depends on an individual’s perspective, something that will become increasingly obvious as we move towards the first Reserve Bank meeting of the year in February and onwards towards the federal ...