In 2020, the GDP shrunk by 2.4 percent in Australia, and inflation was at an all-time low at 0.9 percent over the last 20 years. In 2021, the GDP is predicted to grow by 4.5 percent, and inflation to grow by 1.7 percent. According to the forecast, the Gross Domestic Product and inflation will grow weakly over the next five years in Australia.
Gross domestic product and inflation growth in Australia from 2015 to 2020 with forecasts to 2026
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The Guardian. (April 1, 2021). Gross domestic product and inflation growth in Australia from 2015 to 2020 with forecasts to 2026 [Graph]. In Statista. Retrieved December 22, 2024, from https://www.statista.com/statistics/1229171/australia-gdp-and-inflation-growth/
The Guardian. "Gross domestic product and inflation growth in Australia from 2015 to 2020 with forecasts to 2026." Chart. April 1, 2021. Statista. Accessed December 22, 2024. https://www.statista.com/statistics/1229171/australia-gdp-and-inflation-growth/
The Guardian. (2021). Gross domestic product and inflation growth in Australia from 2015 to 2020 with forecasts to 2026. Statista. Statista Inc.. Accessed: December 22, 2024. https://www.statista.com/statistics/1229171/australia-gdp-and-inflation-growth/
The Guardian. "Gross Domestic Product and Inflation Growth in Australia from 2015 to 2020 with Forecasts to 2026." Statista, Statista Inc., 1 Apr 2021, https://www.statista.com/statistics/1229171/australia-gdp-and-inflation-growth/
The Guardian, Gross domestic product and inflation growth in Australia from 2015 to 2020 with forecasts to 2026 Statista, https://www.statista.com/statistics/1229171/australia-gdp-and-inflation-growth/ (last visited December 22, 2024)
Gross domestic product and inflation growth in Australia from 2015 to 2020 with forecasts to 2026 [Graph], The Guardian, April 1, 2021. [Online]. Available: https://www.statista.com/statistics/1229171/australia-gdp-and-inflation-growth/
