GDP growth forecast for the current year in Australia
In 2026, projected full-year GDP growth in Australia is 1.9 %. This gives Australia the 9th-highest among G20 countries, and the 136th-highest globally (out of 190 economies with available data).
How Australia compares
GDP growth forecast for the current year
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About this indicator
Gross Domestic Product (GDP) measures the total value of all final goods and services produced within a country in a given year. It is a broad indicator of the size of an economy and its overall level of economic activity. It captures the outcome of economic activity by households, businesses and the government.
GDP growth forecast for 2026 shows the projected annual percentage change in real GDP over the current year. Unlike historical GDP growth figures, which report realized outcomes once data are available, this indicator reflects expectations published in international macroeconomic outlooks. Forecasts are revised periodically as new data arrive and as outlook editions are updated.
The projected growth rates are expressed in real terms (constant prices), meaning they are adjusted for inflation. They therefore represent expected changes in the volume of economic output, not movements driven by price changes alone.
GDP growth forecast for 2026 shows the projected annual percentage change in real GDP over the current year. Unlike historical GDP growth figures, which report realized outcomes once data are available, this indicator reflects expectations published in international macroeconomic outlooks. Forecasts are revised periodically as new data arrive and as outlook editions are updated.
The projected growth rates are expressed in real terms (constant prices), meaning they are adjusted for inflation. They therefore represent expected changes in the volume of economic output, not movements driven by price changes alone.
Sources and updates
Data sources
The data for this indicator are drawn from:
1. The OECD Economic Outlook.
2. The IMF World Economic Outlook.
OECD data take precedence over IMF data when both are available for a given country.
1. The OECD Economic Outlook.
2. The IMF World Economic Outlook.
OECD data take precedence over IMF data when both are available for a given country.
Last update
This indicator was last updated on Econorama on 15 July 2026 and reflects the latest data available from the underlying sources at that time.
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Economic activity
Gross Domestic Product (GDP)
Millions, constant international dollars
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GDP growth
Annual growth (%), adjusted for inflation
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GDP growth forecast for next year
Full-year forecast for 2027, adjusted for inflation
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Cumulative growth of GDP
Total growth (%) since 2010, adjusted for inflation
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Labor productivity
GDP per hour worked (constant international dollars)
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Investment (% of GDP)
Gross fixed capital formation as a percentage of GDP
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Investment growth
Gross fixed capital formation, annual growth (%), adjusted for inflation
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Population & Demographics
Health
Public Finance
Government debt (% of GDP)
Gross debt of the general government
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Public debt per capita
Gross debt of the general government, in current international dollars
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Government budget balance (% of GDP)
Positive values indicate a surplus; negative values indicate a deficit
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