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Australia GDP Annual Growth Rate

Discussion in 'Market News' started by Sam, Oct 9, 2015.

  1. Sam

    Sam Forum Member

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    The Gross Domestic Product (GDP) in Australia expanded 2 percent in the second quarter of 2015 over the same quarter of the previous year. GDP Annual Growth Rate in Australia averaged 3.50 percent from 1960 until 2015, reaching an all time high of 9 percent in the first quarter of 1967 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 Statistics. 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 sector (13.5 percent of GDP) as foreigners paid more each year for key commodity exports, triggering huge investment in resources infrastructure. Other sectors include: manufacturing (11 percent), construction (9.5 percent) and agriculture (2 percent). . This page provides - Australia GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

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