Gdp Growth 2024 Australia. Gross domestic product (gdp) rose 0.1%, resulting from subdued domestic demand as increased consumption. Australia gdp for 2020 was $1,330.38b , a 4.61%.
National fiscal balance is forecast to improve from a deficit of 2.6% of gdp ($71.7 billion) in 2024‑25 to a deficit of 1.2% of gdp ($38.1 billion) in 2027‑28. October 30, 2024 at 12:58 am pdt.