Australia Output Gap, Percent of Potential GDP Statistics

20, Nov 2019, EST.

Welcome to the beta version of Econ Stats, the Economic Statistics Database service provided by EconomyWatch.com.

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: 2015 › Change year
Full Dataset: from 1980 to 2019
Dataset updated: 17th March 2015
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 2015 - In Detail

Output Gap, Percent of Potential GDP for Australia in year 2015 is -1.423 %. 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.

This makes Australia No. 16 in world rankings according to Output Gap, Percent of Potential GDP in year 2015. The world's average Output Gap, Percent of Potential GDP value is -0.23 %; Australia is 1.19 less than the average.

In the previous year, 2014, Output Gap, Percent of Potential GDP for Australia was -1.30 % Output Gap, Percent of Potential GDP for Australia in 2015 was or will be 9.46% more than it was or will be in 2014.

In the following or forecasted year, 2016, Output Gap, Percent of Potential GDP for Australia was or will be -1.70 %, which is 19.54% more than the 2015 figure.

* Source: IMF
Output Gap, Percent of Potential GDP for Australia, in other Years
Year %
  2021 n/a
  2020 n/a
  2019 n/a
  2018 n/a
  2017 -1.467
  2016 -1.701
2015 -1.423
  2014 -1.3
  2013 -1.082
  2012 -0.467
  2011 -1.132
  2010 -1.006
  2009 -0.498
  2008 0.775
  2007 1.077
  2006 -0.153
  2005 0.33
  2004 0.453
  2003 -0.233
  2002 0.156
  2001 -0.22
  2000 0.749
  1999 1.332
  1998 0.883
  1997 -0.052
  1996 -0.326
  1995 -0.941
  1994 -0.579
  1993 -2.055
  1992 -2.904
  1991 -2.768
  1990 0.807
  1989 1.861
  1988 -0.669
  1987 -0.868
  1986 -1.731
  1985 -1.16
  1984 -2.464
  1983 -4.622
  1982 -1.559
  1981 0.763
  1980 -0.703