Australia GDP Annual Growth Rate
The Gross Domestic Product (GDP) in Australia expanded 3.50 percent in the first quarter of 2014 over the same quarter of the previous year. GDP Annual Growth Rate in Australia averaged 3.48 Percent from 1960 until 2014, reaching an all time high of 9 Percent in the second quarter of 1964 and a record low of -3.40 Percent in the second quarter of 1983. GDP Annual Growth Rate in Australia is reported by the Australian Bureau of Statistic.
||1960 - 2014
Australia's economy is dominated by the service sector (65 percent of total GDP). Yet its economic success is based on abundance of agricultural and mineral resources. The most important and the fastest growing sector of the economy is industry with mining accounting for 13.5 percent of GDP, manufacturing for 11 percent and construction for 9.5 percent. Agriculture accounts for the remaining 2 percent of the GDP. This page provides - Australia GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.