Economic Growth•Series ID: GGDPECCPGDP•1959–2026
Nominal Gross Domestic Product (Current Prices) - Historical Data
Total dollar value of goods and services produced in Australia each quarter before inflation adjustment.
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Current Statistics & Historical Records
Latest Reading (2026 Q2)
$742.5b
Prev (2026 Q1): $736.8b+5,725
Highest Recorded (2026 Q2)
$742.5b
Recorded in 2026 Q2
Lowest Recorded (1959 Q3)
$3,978m
Recorded in 1959 Q3
Long-Run Mean (1959–2026)
$752.0b
68 annual observations · Quarterly
Nominal Gross Domestic Product (Current Prices) - Historical Series (1959–2026)
A$ million / qtrDrag to pan, scroll to zoom, or toggle between full annual history (1959–2026) and recent quarterly releases.
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Source: Reserve Bank of Australia (RBA) / Australian Bureau of Statistics (ABS) (GGDPECCPGDP) Latest: 742502 A$ million / qtr (2026 Q2)
Nominal Gross Domestic Product (Current Prices) by Decade (1959–2026)
Decade averages, peaks, and troughs across Australian economic cycles
1950s1959–1959
$8,072m
High (1959):$8,072
Low (1959):$8,072
1960s1960–1969
$23,935m
High (1969):$34,812
Low (1960):$17,400
1970s1970–1979
$75,480m
High (1979):$126,975
Low (1970):$38,609
1980s1980–1989
$247.9b
High (1989):$389,728
Low (1980):$143,370
1990s1990–1999
$508.1b
High (1999):$639,535
Low (1990):$415,487
2000s2000–2009
$958.2b
High (2009):$1,269,051
Low (2000):$688,758
2010s2010–2019
$1,662.2b
High (2019):$2,001,654
Low (2010):$1,368,623
2020s2020–2026
$2,338.4b
High (2025):$2,855,653
Low (2026):$1,479,279
Nominal Gross Domestic Product (Current Prices) - Historical Table (1959–2026)
Unit: A$ million / qtr · Source: Reserve Bank of Australia (RBA) / Australian Bureau of Statistics (ABS) (GGDPECCPGDP)
| Year | Nominal GDP (A$ million / qtr) | Year Range (Low – High) | Historical Context / Year Snapshot |
|---|---|---|---|
| 2026 | $1,479,279 | $736,777 – $742,502 | The Australian Economy in 2026 → |
| 2025 | $2,855,653 | $699,150 – $732,456 | Disinflation & monetary policy recalibration |
| 2024 | $2,725,412 | $675,490 – $689,738 | The Australian Economy in 2024 → |
| 2023 | $2,629,406 | $651,258 – $666,922 | The Australian Economy in 2023 → |
| 2022 | $2,491,230 | $594,428 – $640,409 | Post-pandemic inflation surge & rapid RBA tightening cycle |
| 2021 | $2,208,238 | $533,375 – $569,630 | The Australian Economy in 2021 → |
| 2020 | $1,979,357 | $470,136 – $512,904 | COVID-19 pandemic shock & 0.10% cash rate floor |
| 2019 | $2,001,654 | $491,395 – $505,943 | The Australian Economy in 2019 → |
| 2018 | $1,901,582 | $465,636 – $484,356 | The Australian Economy in 2018 → |
| 2017 | $1,808,098 | $448,451 – $456,789 | The Australian Economy in 2017 → |
| 2016 | $1,704,082 | $416,026 – $440,557 | The Australian Economy in 2016 → |
| 2015 | $1,646,055 | $409,034 – $413,634 | The Australian Economy in 2015 → |
| 2014 | $1,620,808 | $404,443 – $406,872 | The Australian Economy in 2014 → |
| 2013 | $1,576,356 | $387,241 – $401,760 | The Australian Economy in 2013 → |
| 2012 | $1,521,440 | $375,450 – $383,445 | The Australian Economy in 2012 → |
| 2011 | $1,473,015 | $358,057 – $374,540 | China mining investment & Terms of Trade supercycle peak |
| 2010 | $1,368,623 | $329,518 – $352,167 | The Australian Economy in 2010 → |
| 2009 | $1,269,051 | $313,601 – $322,034 | The Australian Economy in 2009 → |
| 2008 | $1,238,799 | $298,941 – $316,999 | Global Financial Crisis (GFC) & emergency rate cuts |
| 2007 | $1,135,188 | $277,251 – $291,134 | The Australian Economy in 2007 → |
| 2006 | $1,041,807 | $252,541 – $270,313 | The Australian Economy in 2006 → |
| 2005 | $965,794 | $233,622 – $249,514 | The Australian Economy in 2005 → |
| 2004 | $895,772 | $218,830 – $229,282 | The Australian Economy in 2004 → |
| 2003 | $831,502 | $202,718 – $214,651 | The Australian Economy in 2003 → |
| 2002 | $783,676 | $191,283 – $200,513 | The Australian Economy in 2002 → |
| 2001 | $731,788 | $179,072 – $187,128 | The Australian Economy in 2001 → |
| 2000 | $688,758 | $168,609 – $175,087 | Introduction of the 10% Goods and Services Tax (GST) |
| 1999 | $639,535 | $157,064 – $163,667 | The Australian Economy in 1999 → |
| 1998 | $607,192 | $148,837 – $155,604 | The Australian Economy in 1998 → |
| 1997 | $574,042 | $139,428 – $147,713 | The Australian Economy in 1997 → |
| 1996 | $543,236 | $133,403 – $138,118 | The Australian Economy in 1996 → |
| 1995 | $512,178 | $124,759 – $131,805 | The Australian Economy in 1995 → |
| 1994 | $483,670 | $118,168 – $123,211 | The Australian Economy in 1994 → |
| 1993 | $455,208 | $112,418 – $115,809 | RBA formalises 2–3% inflation targeting |
| 1992 | $433,089 | $106,904 – $110,532 | The Australian Economy in 1992 → |
| 1991 | $417,012 | $103,577 – $105,379 | Early 1990s recession ("The recession we had to have") |
| 1990 | $415,487 | $102,416 – $104,978 | Monetary tightening peak (17.5% Cash Rate) |
| 1989 | $389,728 | $93,346 – $100,572 | The Australian Economy in 1989 → |
| 1988 | $346,175 | $82,781 – $90,704 | The Australian Economy in 1988 → |
| 1987 | $305,032 | $72,426 – $79,885 | October 1987 sharemarket crash |
| 1986 | $272,010 | $65,930 – $70,627 | The Australian Economy in 1986 → |
| 1985 | $249,895 | $59,696 – $64,702 | The Australian Economy in 1985 → |
| 1984 | $224,559 | $54,635 – $57,489 | The Australian Economy in 1984 → |
| 1983 | $199,567 | $47,764 – $52,468 | Float of the Australian Dollar & Prices and Incomes Accord |
| 1982 | $184,365 | $44,350 – $47,349 | Early 1980s recession & drought |
| 1981 | $164,298 | $38,613 – $43,418 | The Australian Economy in 1981 → |
| 1980 | $143,370 | $34,271 – $37,857 | The Australian Economy in 1980 → |
| 1979 | $126,975 | $30,538 – $33,356 | The Australian Economy in 1979 → |
| 1978 | $111,430 | $26,616 – $29,074 | The Australian Economy in 1978 → |
| 1977 | $100,695 | $24,315 – $25,765 | The Australian Economy in 1977 → |
| 1976 | $90,433 | $21,334 – $23,781 | The Australian Economy in 1976 → |
| 1975 | $76,678 | $18,025 – $20,366 | The Australian Economy in 1975 → |
| 1974 | $65,757 | $15,520 – $17,671 | 1974 wage explosion & stagflation peak |
| 1973 | $55,074 | $12,715 – $14,990 | First OPEC oil shock |
| 1972 | $46,520 | $11,135 – $12,108 | The Australian Economy in 1972 → |
| 1971 | $42,634 | $10,276 – $10,933 | The Australian Economy in 1971 → |
| 1970 | $38,609 | $9,312 – $9,895 | The Australian Economy in 1970 → |
| 1969 | $34,812 | $8,296 – $9,087 | The Australian Economy in 1969 → |
| 1968 | $30,848 | $7,357 – $8,181 | The Australian Economy in 1968 → |
| 1967 | $28,297 | $6,948 – $7,246 | The Australian Economy in 1967 → |
| 1966 | $25,619 | $6,102 – $6,711 | Decimal currency transition (£ to AUD) |
| 1965 | $23,894 | $5,860 – $6,066 | The Australian Economy in 1965 → |
| 1964 | $22,202 | $5,327 – $5,773 | The Australian Economy in 1964 → |
| 1963 | $20,253 | $4,897 – $5,265 | The Australian Economy in 1963 → |
| 1962 | $18,555 | $4,505 – $4,789 | The Australian Economy in 1962 → |
| 1961 | $17,467 | $4,329 – $4,427 | Menzies credit squeeze |
| 1960 | $17,400 | $4,173 – $4,435 | The Australian Economy in 1960 → |
| 1959 | $8,072 | $3,978 – $4,094 | The Australian Economy in 1959 → |
Related Australian Economic Statistics
Source Information & Methodology
- Primary Institution:
- Reserve Bank of Australia (RBA) / Australian Bureau of Statistics (ABS)
- Dataset / Publication:
- Gross Domestic Product - Current Prices
- Series / Table ID:
- RBA Statistical Table H1 (GGDPECCPGDP)
- Release Frequency:
- Quarterly
• Primary source: Reserve Bank of Australia (RBA) / Australian Bureau of Statistics (ABS) - Gross Domestic Product - Current Prices (RBA Statistical Table H1).
• Observation frequency: Quarterly. Annual table values represent calendar year sums.
• Series coverage spans 1959 to 2026 (68 annual observations).
APA Citation:Reserve Bank of Australia & Australian Bureau of Statistics. (2026). Gross Domestic Product - Current Prices (H1: GGDPECCPGDP). Retrieved October 2026 from https://www.rba.gov.au/statistics/tables/
Frequently Asked Questions: Nominal Gross Domestic Product (Current Prices)
- What is the current Nominal Gross Domestic Product (Current Prices)?
- As of 2026 Q2, the latest recorded Nominal Gross Domestic Product (Current Prices) is 742502.0 (A$ million / qtr), compared with 736777.0 in 2026 Q1.
- What is the highest and lowest Nominal Gross Domestic Product (Current Prices) ever recorded in Australia?
- Across the historical series (1959–2026), the highest observation was 742502.0 (A$ million / qtr) in 2026 Q2, while the lowest was 3978.0 (A$ million / qtr) in 1959 Q3. The long-run historical average is 751975.0.
- Where is the official Nominal Gross Domestic Product (Current Prices) data sourced from?
- This series is compiled from Reserve Bank of Australia (RBA) / Australian Bureau of Statistics (ABS) (Gross Domestic Product - Current Prices, Series ID: GGDPECCPGDP) and is updated on a quarterly basis under CC BY 4.0 International / RBA Terms.