Key data points
Last release
—
Observation period
Q2 2024
Next release
—
Forecast
—
Highest
4.40 % on Mar 31, 1976
Lowest
−6.90 % on Jun 30, 2020
About Australia GDP Growth Rate
Australia's economy is dominated by the service sector (65 percent of total GDP). Yet its economic success in recent years has been based on the mining (13.5 percent of GDP) and agriculture (2 percent of GDP) as the country is a major exporter of commodities. Other sectors include: manufacturing (11 percent) and construction (9.5 percent).