AUSTRALIA GDP ANNUAL GROWTH RATE

The Gross Domestic Product (GDP) in Australia expanded 2.30 percent in the fourth quarter of 2011 since the same quarter on the previous year. Historically, from 1960 until 2011, Australia GDP Annual Growth Rate averaged 3.5 Percent reaching an all time high of 9.0 Percent in June of 1964 and a record low of -3.4 Percent in June of 1983. The annual growth rate in Gross Domestic Product measures the increase in value of the goods and services produced by an economy over the period of a year. Therefore, unlike the commonly used quarterly GDP growth rate the annual GDP growth rate takes into account a full year of economic activity, thus avoiding the need to make any type of seasonal adjustment. This page includes a chart with historical data for Australia GDP Annual Growth Rate.


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Australia GDP Annual Growth Rate


GDP Annual Growth Rate
The annual growth rate in Gross Domestic Product measures the increase in value of the goods and services produced by an economy over the period of a year. Therefore, unlike the commonly used quarterly GDP growth rate the annual GDP growth rate takes into account a full year of economic activity, thus avoiding the need to make any type of seasonal adjustment.



AUSTRALIA NEWS

Australia's Unemployment Down to 4.9% in April
Published: 5/10/2012 11:58:25 AM By: TradingEconomics.com, ABS
Australia's unemployment rate decreased 0.2 pts to 4.9%. The male unemployment rate decreased 0.2 pts to 4.8% and the female unemployment rate decreased 0.2 pts to 5.1%.

Australia Reports Trade Deficit for Third Month
Published: 5/8/2012 11:31:23 AM By: TradingEconomics.com, ABS
In seasonally adjusted terms, the balance on goods and services was a deficit of $1,587m in March 2012, a rise of $833m on the deficit in February 2012.

Australia Cuts Rates to 3.75%
Published: 5/1/2012 11:30:40 AM By: TradingEconomics.com, RBA
At its meeting on May 1st, the Board decided to lower the cash rate by 50 basis points to 3.75 per cent, effective 2 May 2012. This decision is based on information received over the past few months that suggests that economic conditions have been somewhat weaker than expected, while inflation has moderated.

Australian Annual Inflation Down to 1.6% in Q1
Published: 4/24/2012 11:49:36 AM By: TradingEconomics.com, ABS
The CPI rose 1.6% through the year to the March quarter 2012, compared with a rise of 3.1% through the year to the December quarter 2011.

Australia's Unemployment Rate Steady at 5.2% in March
Published: 4/12/2012 11:31:07 AM By: TradingEconomics.com, ABS
Employment increased 44,000 (0.4%) to 11,491,200. Full-time employment increased 15,800 (0.2%) to 8,080,400 and part-time employment increased 28,200 (0.8%) to 3,410,900.

Australia Reports Trade Deficit in February
Published: 4/4/2012 11:03:26 AM By: TradingEconomics.com, ABS
In seasonally adjusted terms, the balance on goods and services was a deficit of $480m in February 2012, a fall of $491m on the deficit in January 2012.

Reserve Bank of Australia Leaves Interest Rates Steady
Published: 4/3/2012 1:34:36 PM By: TradingEconomics.com, RBA
The board of the Reserve Bank of Australia has left interest rates unchanged at 4.25 per cent at its monthly meeting.

Australia Reports Trade Deficit in January
Published: 3/9/2012 11:40:09 AM By: TradingEconomics.com, ABS
In seasonally adjusted terms, Australia reported a trade deficit of $673m in January 2012, a turnaround of $1,998m on the surplus in December 2011.

Australia's Unemployment Rate Up to 5.2% in February
Published: 3/8/2012 12:29:16 PM By: TradingEconomics.com, ABS
Australia's seasonally adjusted unemployment rate increased 0.1 percentage points to 5.2 per cent in February.

Australia's GDP Growth Slows in Q4
Published: 3/7/2012 11:15:41 AM By: TradingEconomics.com, ABS
In seasonally adjusted terms, GDP increased 0.4% in the December quarter; through the year GDP growth was 2.3%.

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