GDP reading: GDP declined 3.5% in seasonally adjusted annualized rate terms (SAAR) in the second quarter, contrasting the 3.1% expansion...
Government Consumption in Australia
The economy of Australia recorded an average growth rate of 4.5% in government consumption in the decade to 2024. In 2024, government consumption growth was 4.6%.
Australia Government Consumption Chart
Note: This chart displays Government Consumption (ann. var. %) for Australia from 2024 to 2023.
Source: Macrobond.
Australia Government Consumption Data
| 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|
| Government Consumption (ann. var. %) | 7.8 | 5.7 | 5.1 | 1.9 | 5.0 |
Consensus Forecasts and Projections for the next ten years
How should you choose a forecaster if some are too optimistic while others are too pessimistic? FocusEconomics collects Australian government consumption projections for the next ten years from a panel of 14 analysts at the leading national, regional and global forecast institutions. These projections are then validated by our in-house team of economists and data analysts and averaged to provide one Consensus Forecast you can rely on for each indicator. By averaging all forecasts, upside and downside forecasting errors tend to cancel each other out, leading to the most reliable government consumption forecast available for Australian government consumption.
Download one of our sample reports to visualize what a Consensus Forecast is and see our Australian government consumption projections.
Want to get access to the full dataset of Australian government consumption forecasts? Send an email to info@focus-economics.com.
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