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Australia Output Gap, Percent of Potential GDP Statistics

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Country or Region: Australia › Change country
Economic Indicator: Output Gap, Percent of Potential GDP › See all Australia indicators, › See Output Gap, Percent of Potential GDP data for all countries
Detailed Analysis for Year: 2010 › Change year
Full Dataset: from 1980 to 2016
Dataset updated: 1st August 2011
Data Source: International Monetary Fund (IMF)
National or Regional Currency: Australian Dollar
Currency Symbol: AUD

Output gaps for advanced economies are calculated as actual GDP less potential GDP as a percent of potential GDP. Estimates of output gaps are subject to a significant margin of uncertainty. See notes for: Gross domestic product, constant prices (National currency).

Output Gap, Percent of Potential GDP Statistics for Australia , Year 2010 - In Detail

Output Gap, Percent of Potential GDP for Australia in year 2010 is -0.367 %

This makes Australia No. 3 in world rankings according to Output Gap, Percent of Potential GDP in year 2010. The world's average Output Gap, Percent of Potential GDP value is -0.36 %; Australia is 0.01 less than the average.

In the previous year, 2009, Output Gap, Percent of Potential GDP for Australia was -0.52 % Output Gap, Percent of Potential GDP for Australia in 2010 was or will be 29.83% less than it was or will be in 2009.

In the following or forecasted year, 2011, Output Gap, Percent of Potential GDP for Australia was or will be 0.00 %, which is 100.27% less than the 2010 figure.

* Source: IMF
Output Gap, Percent of Potential GDP for Australia, in other Years
Year %
  2016 n/a
  2015 n/a
  2014 n/a
  2013 n/a
  2012 0.437
  2011 0.001
2010 -0.367
  2009 -0.523
  2008 0.79
  2007 1.01
  2006 -0.522
  2005 0.004
  2004 0.141
  2003 -0.24
  2002 -0.094
  2001 -0.574
  2000 0.329
  1999 0.807
  1998 0.667
  1997 -0.162
  1996 -0.103
  1995 -0.215
  1994 0.37
  1993 -0.81
  1992 -1.679
  1991 -1.875
  1990 1.488
  1989 2.319
  1988 1.103
  1987 1.116
  1986 0.712
  1985 1.633
  1984 0.045
  1983 -2.231
  1982 0.962
  1981 3.418
  1980 1.885