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Australia GDP 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 0.20 percent in the second quarter of 2015 over the previous quarter. GDP Growth Rate in Australia averaged 0.87 percent from 1959 until 2015, reaching an all time high of 4.40 percent in the first quarter of 1976 and a record low of -2 percent in the second quarter of 1974. GDP Growth Rate in Australia is reported by the Australian Bureau of Statistics. Australia's economy is dominated by its services sector, yet its economic success is based on abundance of agricultural and mineral resources. Australia's comparative advantage in the export of primary products is a reflection of the natural wealth of the Australian continent and its small domestic market. The country is a major regional financial centre and a vital component of the global financial system. This page provides - Australia GDP Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

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