The data displays the growth rate of Australia’s real GDP from 2012 to 2017, with projections up until 2022. In 2017, GDP in Australia grew by about 2.27% on the previous year.
The recession-proof land down under GDP is one of the primary indicators used to gauge the state and health of a country’s economy. It is the total market value of all final goods and services that have been produced within a country in a given period of time, usually a year. GDP figures allow us to understand a country’s economy in a clear way.