Australia Gdp Growth Rate 2024. Australian gross domestic product (gdp) rose 0.1 per cent in the march quarter 2024 and 1.1 per cent since march 2023 (seasonally adjusted, chain volume. Gdp at purchaser's prices is the sum of gross value added by all resident producers in the economy plus any product taxes and minus any.

On an annual basis, the economy grew by just 1 per cent, down. Meanwhile, inflation remains above the rba’s.