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Australia - Gross domestic product in constant prices growth rate

3.2 (%) in 2018

Real GDP growth of Australia rocketed by 45.86% from 2.2 % in 2017 to 3.2 % in 2018. Since the 5.16% drop in 2015, real GDP growth shot up by 30.53% in 2018.

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What is real GDP growth?

Annual percentage growth rate of GDP at market prices based on constant local currency. GDP is the sum of gross value added by all resident producers in the economy plus any product taxes and minus any subsidies not included in the value of the products. It is calculated without making deductions for depreciation of fabricated assets or for depletion and degradation of natural resources.

What is Australia real GDP growth?

Date Value Change, %
2018 3.2 45.86%
2017 2.2 -14.74%
2016 2.6 4.95%
2015 2.5 -5.16%
2014 2.6 20.53%
2013 2.2 -44.21%
2012 3.9 42.13%
2011 2.7 15.77%
2010 2.4 25.85%
2009 1.9 -29.51%
2008 2.7 -38.36%
2007 4.3

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