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The Australian government stimulus package ($11.8 billion) helped to prevent a recession. [55] The World Bank expected Australia's GDP growth rate to be 3.2% in 2011 and 3.8% in 2012. [56] The economy expanded by 0.4% in the fourth quarter of 2011, and expanded by 1.3% in the first quarter of 2012.
Countries by real GDP growth rate in 2024 (IMF WEO database 2024) This article includes lists of countries and dependent territories sorted by their real gross domestic product growth rate; the rate of growth of the total value of all final goods and services produced within a state in a given year compared with the previous year.
This is the most recent list of Australian states and territories by gross state product (GSP) and GSP per capita. Also included are the GSP and population growth tables as well as a comparison table showing the surplus/deficit between state final demand (SFD) and GSP for the same financial year.
[7] [8] Since China's transition to a socialist market economy through controlled privatisation and deregulation, [9] [10] the country has seen its ranking increase from ninth in 1978, to second in 2010; China's economic growth accelerated during this period and its share of global nominal GDP surged from 2% in 1980 to 18% in 2021.
A rate plateau of over 13.0 persons per 1,000 population occurred for every year from 1946 to 1962. There has been a fall in the rate of natural increase since 1962 due to falling fertility. In 1971, the rate of natural increase was 12.7 persons per 1,000 population; a decade later it had fallen to 8.5.
Chart: % Population Growth. Australia - high growth rate strategy at 2.1% in 2010 - source Wikipedia & ABS. The Reserve Bank of Australia has noted that there are "a number of areas in which the taxation treatment in Australia is more favourable to investors than is the case in other countries."
The Australian crime rate statistic for 2021 was 0.74, a 13.51% decline from 2020. [30] Demography: The ABS publishes many demographic releases including data on population, [31] population growth [32] and projections, [33] interstate and overseas migration, [34] births, [35] deaths [36] and overseas arrivals and departures. [37]
The economy of the Australian Capital Territory (ACT) is the fastest-growing, sixth biggest economy of Australia as of the end of the 2017-18 financial year. [4] Since the introduction of its self-government status in 1989, and with few exceptions in 1992, 1996, and 2014, the ACT economy has exhibited positive growth at a 1991-2018 average of 3.17 percent per year. [1]