Australia GDP Growth Rate (YoY)
Australia's Gross Domestic Product (GDP) grew by 1.8% year-on-year in Q2 2025. This is the highest growth rate since Q3 2023 and an acceleration from Q1 2025's 1.4%. The expansion was driven by strong household consumption and increased government expenditure. Exports of goods and services also contributed positively particularly mining commodities. Australia's record low GDP annual growth rate was -5.8% in Q2 2020 and record high was 10.3% in Q2 2021.
Quarterly Historical Data (2015-2025)
(in %)Recent Events
Australia GDP Growth Rate (YoY) : Definition
Australia's year-on-year annual GDP growth rate shows the percentage change in the nation's total economic output between one quarter and the same quarter a year earlier. It is calculated by comparing the current quarter's Gross Domestic Product (GDP) value to the previous year's corresponding quarter's GDP value. GDP is composed mainly of household consumption, business investment, government spending and net exports (exports minus imports).