NO

Federal governmentAnthony Albanese · LaborOfficeholder record verified 2026-10-29

The definition

What is a
recession?

A recession is a sustained, broad decline in economic activity.

This site uses the common technical recession rule: two consecutive quarters of negative growth in real gross domestic product (GDP).

Real GDP measures economic output after adjusting for price changes. These figures are seasonally adjusted and cover the whole economy. GDP per person can fall even when total GDP grows.

The two-quarter rule is a useful shorthand. Employment, income and spending also matter, and GDP estimates can be revised. The answer reflects the latest published quarters, rather than a live measure of the economy.

Latest quarter: Jun 2026. Real GDP changed by +0.3% in Mar 2026 and +0.4% in Jun 2026.

The historical picture

30 years of growth.

Sep 1996 — Jun 2026
Real GDP · seasonally adjusted

Liberal–National CoalitionAustralian Labor Party

Quarterly GDP growth

+0.4%
Quarterly real GDP growthSep 1996 to Jun 2026. Latest: +0.4%. Shaded periods mark consecutive quarters of falling real GDP. Exact values are in the data table below.Sep 1996: John Howard, CoalitionDec 1996: John Howard, CoalitionMar 1997: John Howard, CoalitionJun 1997: John Howard, CoalitionSep 1997: John Howard, CoalitionDec 1997: John Howard, CoalitionMar 1998: John Howard, CoalitionJun 1998: John Howard, CoalitionSep 1998: John Howard, CoalitionDec 1998: John Howard, CoalitionMar 1999: John Howard, CoalitionJun 1999: John Howard, CoalitionSep 1999: John Howard, CoalitionDec 1999: John Howard, CoalitionMar 2000: John Howard, CoalitionJun 2000: John Howard, CoalitionSep 2000: John Howard, CoalitionDec 2000: John Howard, CoalitionMar 2001: John Howard, CoalitionJun 2001: John Howard, CoalitionSep 2001: John Howard, CoalitionDec 2001: John Howard, CoalitionMar 2002: John Howard, CoalitionJun 2002: John Howard, CoalitionSep 2002: John Howard, CoalitionDec 2002: John Howard, CoalitionMar 2003: John Howard, CoalitionJun 2003: John Howard, CoalitionSep 2003: John Howard, CoalitionDec 2003: John Howard, CoalitionMar 2004: John Howard, CoalitionJun 2004: John Howard, CoalitionSep 2004: John Howard, CoalitionDec 2004: John Howard, CoalitionMar 2005: John Howard, CoalitionJun 2005: John Howard, CoalitionSep 2005: John Howard, CoalitionDec 2005: John Howard, CoalitionMar 2006: John Howard, CoalitionJun 2006: John Howard, CoalitionSep 2006: John Howard, CoalitionDec 2006: John Howard, CoalitionMar 2007: John Howard, CoalitionJun 2007: John Howard, CoalitionSep 2007: John Howard, CoalitionDec 2007: John Howard, CoalitionMar 2008: Kevin Rudd, LaborJun 2008: Kevin Rudd, LaborSep 2008: Kevin Rudd, LaborDec 2008: Kevin Rudd, LaborMar 2009: Kevin Rudd, LaborJun 2009: Kevin Rudd, LaborSep 2009: Kevin Rudd, LaborDec 2009: Kevin Rudd, LaborMar 2010: Kevin Rudd, LaborJun 2010: Kevin Rudd, LaborSep 2010: Julia Gillard, LaborDec 2010: Julia Gillard, LaborMar 2011: Julia Gillard, LaborJun 2011: Julia Gillard, LaborSep 2011: Julia Gillard, LaborDec 2011: Julia Gillard, LaborMar 2012: Julia Gillard, LaborJun 2012: Julia Gillard, LaborSep 2012: Julia Gillard, LaborDec 2012: Julia Gillard, LaborMar 2013: Julia Gillard, LaborJun 2013: Julia Gillard, LaborSep 2013: Kevin Rudd (second term), LaborDec 2013: Tony Abbott, CoalitionMar 2014: Tony Abbott, CoalitionJun 2014: Tony Abbott, CoalitionSep 2014: Tony Abbott, CoalitionDec 2014: Tony Abbott, CoalitionMar 2015: Tony Abbott, CoalitionJun 2015: Tony Abbott, CoalitionSep 2015: Tony Abbott, CoalitionDec 2015: Malcolm Turnbull, CoalitionMar 2016: Malcolm Turnbull, CoalitionJun 2016: Malcolm Turnbull, CoalitionSep 2016: Malcolm Turnbull, CoalitionDec 2016: Malcolm Turnbull, CoalitionMar 2017: Malcolm Turnbull, CoalitionJun 2017: Malcolm Turnbull, CoalitionSep 2017: Malcolm Turnbull, CoalitionDec 2017: Malcolm Turnbull, CoalitionMar 2018: Malcolm Turnbull, CoalitionJun 2018: Malcolm Turnbull, CoalitionSep 2018: Malcolm Turnbull, CoalitionDec 2018: Scott Morrison, CoalitionMar 2019: Scott Morrison, CoalitionJun 2019: Scott Morrison, CoalitionSep 2019: Scott Morrison, CoalitionDec 2019: Scott Morrison, CoalitionMar 2020: Scott Morrison, CoalitionJun 2020: Scott Morrison, CoalitionSep 2020: Scott Morrison, CoalitionDec 2020: Scott Morrison, CoalitionMar 2021: Scott Morrison, CoalitionJun 2021: Scott Morrison, CoalitionSep 2021: Scott Morrison, CoalitionDec 2021: Scott Morrison, CoalitionMar 2022: Scott Morrison, CoalitionJun 2022: Scott Morrison, CoalitionSep 2022: Anthony Albanese, LaborDec 2022: Anthony Albanese, LaborMar 2023: Anthony Albanese, LaborJun 2023: Anthony Albanese, LaborSep 2023: Anthony Albanese, LaborDec 2023: Anthony Albanese, LaborMar 2024: Anthony Albanese, LaborJun 2024: Anthony Albanese, LaborSep 2024: Anthony Albanese, LaborDec 2024: Anthony Albanese, LaborMar 2025: Anthony Albanese, LaborJun 2025: Anthony Albanese, LaborSep 2025: Anthony Albanese, LaborDec 2025: Anthony Albanese, LaborMar 2026: Anthony Albanese, LaborJun 2026: Anthony Albanese, Labor-10%-8%-6%-4%-2%0%2%4%6%Sep 1996: +0.8%Dec 1996: +0.9%Mar 1997: +0.7%Jun 1997: +3.0%Sep 1997: +0.2%Dec 1997: +1.4%Mar 1998: +0.6%Jun 1998: +1.1%Sep 1998: +1.9%Dec 1998: +1.5%Mar 1999: +0.7%Jun 1999: +0.4%Sep 1999: +1.1%Dec 1999: +1.7%Mar 2000: +0.4%Jun 2000: +1.0%Sep 2000: +0.3%Dec 2000: -0.4%Mar 2001: +0.9%Jun 2001: +0.9%Sep 2001: +1.1%Dec 2001: +1.2%Mar 2002: +0.8%Jun 2002: +1.7%Sep 2002: +0.2%Dec 2002: +0.8%Mar 2003: +0.2%Jun 2003: +0.4%Sep 2003: +1.7%Dec 2003: +1.7%Mar 2004: +0.8%Jun 2004: +0.8%Sep 2004: +0.7%Dec 2004: +0.8%Mar 2005: +0.8%Jun 2005: +0.5%Sep 2005: +1.1%Dec 2005: +0.8%Mar 2006: +0.1%Jun 2006: +0.3%Sep 2006: +1.5%Dec 2006: +1.2%Mar 2007: +1.4%Jun 2007: +0.7%Sep 2007: +1.2%Dec 2007: +0.4%Mar 2008: +1.1%Jun 2008: +0.4%Sep 2008: +0.7%Dec 2008: -0.4%Mar 2009: +1.0%Jun 2009: +0.6%Sep 2009: +0.3%Dec 2009: +0.8%Mar 2010: +0.5%Jun 2010: +0.6%Sep 2010: +0.7%Dec 2010: +0.8%Mar 2011: -0.3%Jun 2011: +1.2%Sep 2011: +1.4%Dec 2011: +1.1%Mar 2012: +1.1%Jun 2012: +0.7%Sep 2012: +0.6%Dec 2012: +0.4%Mar 2013: +0.5%Jun 2013: +0.4%Sep 2013: +0.8%Dec 2013: +0.8%Mar 2014: +0.8%Jun 2014: +0.5%Sep 2014: +0.4%Dec 2014: +0.4%Mar 2015: +1.0%Jun 2015: +0.1%Sep 2015: +1.0%Dec 2015: +0.6%Mar 2016: +0.9%Jun 2016: +0.6%Sep 2016: 0.0%Dec 2016: +1.2%Mar 2017: +0.3%Jun 2017: +0.6%Sep 2017: +1.0%Dec 2017: +0.4%Mar 2018: +1.1%Jun 2018: +0.7%Sep 2018: +0.4%Dec 2018: +0.2%Mar 2019: +0.8%Jun 2019: +0.3%Sep 2019: +0.6%Dec 2019: +0.6%Mar 2020: -0.2%Jun 2020: -6.8%Sep 2020: +3.4%Dec 2020: +3.4%Mar 2021: +2.2%Jun 2021: +0.7%Sep 2021: -1.8%Dec 2021: +3.7%Mar 2022: +1.0%Jun 2022: +0.9%Sep 2022: +0.5%Dec 2022: +0.9%Mar 2023: +0.6%Jun 2023: +0.3%Sep 2023: +0.4%Dec 2023: 0.0%Mar 2024: +0.3%Jun 2024: +0.2%Sep 2024: +0.3%Dec 2024: +0.4%Mar 2025: +0.4%Jun 2025: +0.8%Sep 2025: +0.5%Dec 2025: +0.9%Mar 2026: +0.3%Jun 2026: +0.4%1996200020052010201520202025
Change from the previous quarter. Two negative quarters in a row meet the rule used above.

Annual GDP growth

+2.1%
Annual real GDP growthSep 1996 to Jun 2026. Latest: +2.1%. Shaded periods mark consecutive quarters of falling real GDP. Exact values are in the data table below.Sep 1996: John Howard, CoalitionDec 1996: John Howard, CoalitionMar 1997: John Howard, CoalitionJun 1997: John Howard, CoalitionSep 1997: John Howard, CoalitionDec 1997: John Howard, CoalitionMar 1998: John Howard, CoalitionJun 1998: John Howard, CoalitionSep 1998: John Howard, CoalitionDec 1998: John Howard, CoalitionMar 1999: John Howard, CoalitionJun 1999: John Howard, CoalitionSep 1999: John Howard, CoalitionDec 1999: John Howard, CoalitionMar 2000: John Howard, CoalitionJun 2000: John Howard, CoalitionSep 2000: John Howard, CoalitionDec 2000: John Howard, CoalitionMar 2001: John Howard, CoalitionJun 2001: John Howard, CoalitionSep 2001: John Howard, CoalitionDec 2001: John Howard, CoalitionMar 2002: John Howard, CoalitionJun 2002: John Howard, CoalitionSep 2002: John Howard, CoalitionDec 2002: John Howard, CoalitionMar 2003: John Howard, CoalitionJun 2003: John Howard, CoalitionSep 2003: John Howard, CoalitionDec 2003: John Howard, CoalitionMar 2004: John Howard, CoalitionJun 2004: John Howard, CoalitionSep 2004: John Howard, CoalitionDec 2004: John Howard, CoalitionMar 2005: John Howard, CoalitionJun 2005: John Howard, CoalitionSep 2005: John Howard, CoalitionDec 2005: John Howard, CoalitionMar 2006: John Howard, CoalitionJun 2006: John Howard, CoalitionSep 2006: John Howard, CoalitionDec 2006: John Howard, CoalitionMar 2007: John Howard, CoalitionJun 2007: John Howard, CoalitionSep 2007: John Howard, CoalitionDec 2007: John Howard, CoalitionMar 2008: Kevin Rudd, LaborJun 2008: Kevin Rudd, LaborSep 2008: Kevin Rudd, LaborDec 2008: Kevin Rudd, LaborMar 2009: Kevin Rudd, LaborJun 2009: Kevin Rudd, LaborSep 2009: Kevin Rudd, LaborDec 2009: Kevin Rudd, LaborMar 2010: Kevin Rudd, LaborJun 2010: Kevin Rudd, LaborSep 2010: Julia Gillard, LaborDec 2010: Julia Gillard, LaborMar 2011: Julia Gillard, LaborJun 2011: Julia Gillard, LaborSep 2011: Julia Gillard, LaborDec 2011: Julia Gillard, LaborMar 2012: Julia Gillard, LaborJun 2012: Julia Gillard, LaborSep 2012: Julia Gillard, LaborDec 2012: Julia Gillard, LaborMar 2013: Julia Gillard, LaborJun 2013: Julia Gillard, LaborSep 2013: Kevin Rudd (second term), LaborDec 2013: Tony Abbott, CoalitionMar 2014: Tony Abbott, CoalitionJun 2014: Tony Abbott, CoalitionSep 2014: Tony Abbott, CoalitionDec 2014: Tony Abbott, CoalitionMar 2015: Tony Abbott, CoalitionJun 2015: Tony Abbott, CoalitionSep 2015: Tony Abbott, CoalitionDec 2015: Malcolm Turnbull, CoalitionMar 2016: Malcolm Turnbull, CoalitionJun 2016: Malcolm Turnbull, CoalitionSep 2016: Malcolm Turnbull, CoalitionDec 2016: Malcolm Turnbull, CoalitionMar 2017: Malcolm Turnbull, CoalitionJun 2017: Malcolm Turnbull, CoalitionSep 2017: Malcolm Turnbull, CoalitionDec 2017: Malcolm Turnbull, CoalitionMar 2018: Malcolm Turnbull, CoalitionJun 2018: Malcolm Turnbull, CoalitionSep 2018: Malcolm Turnbull, CoalitionDec 2018: Scott Morrison, CoalitionMar 2019: Scott Morrison, CoalitionJun 2019: Scott Morrison, CoalitionSep 2019: Scott Morrison, CoalitionDec 2019: Scott Morrison, CoalitionMar 2020: Scott Morrison, CoalitionJun 2020: Scott Morrison, CoalitionSep 2020: Scott Morrison, CoalitionDec 2020: Scott Morrison, CoalitionMar 2021: Scott Morrison, CoalitionJun 2021: Scott Morrison, CoalitionSep 2021: Scott Morrison, CoalitionDec 2021: Scott Morrison, CoalitionMar 2022: Scott Morrison, CoalitionJun 2022: Scott Morrison, CoalitionSep 2022: Anthony Albanese, LaborDec 2022: Anthony Albanese, LaborMar 2023: Anthony Albanese, LaborJun 2023: Anthony Albanese, LaborSep 2023: Anthony Albanese, LaborDec 2023: Anthony Albanese, LaborMar 2024: Anthony Albanese, LaborJun 2024: Anthony Albanese, LaborSep 2024: Anthony Albanese, LaborDec 2024: Anthony Albanese, LaborMar 2025: Anthony Albanese, LaborJun 2025: Anthony Albanese, LaborSep 2025: Anthony Albanese, LaborDec 2025: Anthony Albanese, LaborMar 2026: Anthony Albanese, LaborJun 2026: Anthony Albanese, Labor-8%-6%-4%-2%0%2%4%6%8%10%12%14%Sep 1996: +3.0%Dec 1996: +4.0%Mar 1997: +3.1%Jun 1997: +5.5%Sep 1997: +4.8%Dec 1997: +5.4%Mar 1998: +5.3%Jun 1998: +3.3%Sep 1998: +5.0%Dec 1998: +5.2%Mar 1999: +5.3%Jun 1999: +4.6%Sep 1999: +3.8%Dec 1999: +4.0%Mar 2000: +3.6%Jun 2000: +4.2%Sep 2000: +3.4%Dec 2000: +1.2%Mar 2001: +1.8%Jun 2001: +1.7%Sep 2001: +2.6%Dec 2001: +4.2%Mar 2002: +4.1%Jun 2002: +4.9%Sep 2002: +4.0%Dec 2002: +3.6%Mar 2003: +3.1%Jun 2003: +1.7%Sep 2003: +3.2%Dec 2003: +4.1%Mar 2004: +4.6%Jun 2004: +5.0%Sep 2004: +3.9%Dec 2004: +3.0%Mar 2005: +3.0%Jun 2005: +2.7%Sep 2005: +3.2%Dec 2005: +3.2%Mar 2006: +2.5%Jun 2006: +2.3%Sep 2006: +2.7%Dec 2006: +3.1%Mar 2007: +4.5%Jun 2007: +4.9%Sep 2007: +4.5%Dec 2007: +3.6%Mar 2008: +3.3%Jun 2008: +3.0%Sep 2008: +2.5%Dec 2008: +1.7%Mar 2009: +1.6%Jun 2009: +1.9%Sep 2009: +1.5%Dec 2009: +2.8%Mar 2010: +2.2%Jun 2010: +2.2%Sep 2010: +2.6%Dec 2010: +2.6%Mar 2011: +1.9%Jun 2011: +2.5%Sep 2011: +3.2%Dec 2011: +3.5%Mar 2012: +4.8%Jun 2012: +4.3%Sep 2012: +3.5%Dec 2012: +2.8%Mar 2013: +2.3%Jun 2013: +2.0%Sep 2013: +2.2%Dec 2013: +2.5%Mar 2014: +2.8%Jun 2014: +2.9%Sep 2014: +2.5%Dec 2014: +2.1%Mar 2015: +2.2%Jun 2015: +1.9%Sep 2015: +2.5%Dec 2015: +2.7%Mar 2016: +2.7%Jun 2016: +3.2%Sep 2016: +2.2%Dec 2016: +2.8%Mar 2017: +2.1%Jun 2017: +2.1%Sep 2017: +3.1%Dec 2017: +2.3%Mar 2018: +3.0%Jun 2018: +3.2%Sep 2018: +2.6%Dec 2018: +2.4%Mar 2019: +2.1%Jun 2019: +1.7%Sep 2019: +1.9%Dec 2019: +2.2%Mar 2020: +1.3%Jun 2020: -5.8%Sep 2020: -3.2%Dec 2020: -0.4%Mar 2021: +2.0%Jun 2021: +10.2%Sep 2021: +4.7%Dec 2021: +4.9%Mar 2022: +3.6%Jun 2022: +3.8%Sep 2022: +6.1%Dec 2022: +3.3%Mar 2023: +2.8%Jun 2023: +2.2%Sep 2023: +2.2%Dec 2023: +1.3%Mar 2024: +1.1%Jun 2024: +0.9%Sep 2024: +0.8%Dec 2024: +1.2%Mar 2025: +1.3%Jun 2025: +1.9%Sep 2025: +2.1%Dec 2025: +2.6%Mar 2026: +2.5%Jun 2026: +2.1%1996200020052010201520202025
Change from the same quarter a year earlier. Context for the longer trend; this does not determine the answer.

Shaded periods: consecutive quarters of falling real GDP.

View the underlying data
ABS real GDP, chain volume measures, seasonally adjusted. Growth rates are percentages.
QuarterQuarterly growthAnnual growthGovernment (most days)
Sep 1996+0.8%+3.0%John Howard · Coalition
Dec 1996+0.9%+4.0%John Howard · Coalition
Mar 1997+0.7%+3.1%John Howard · Coalition
Jun 1997+3.0%+5.5%John Howard · Coalition
Sep 1997+0.2%+4.8%John Howard · Coalition
Dec 1997+1.4%+5.4%John Howard · Coalition
Mar 1998+0.6%+5.3%John Howard · Coalition
Jun 1998+1.1%+3.3%John Howard · Coalition
Sep 1998+1.9%+5.0%John Howard · Coalition
Dec 1998+1.5%+5.2%John Howard · Coalition
Mar 1999+0.7%+5.3%John Howard · Coalition
Jun 1999+0.4%+4.6%John Howard · Coalition
Sep 1999+1.1%+3.8%John Howard · Coalition
Dec 1999+1.7%+4.0%John Howard · Coalition
Mar 2000+0.4%+3.6%John Howard · Coalition
Jun 2000+1.0%+4.2%John Howard · Coalition
Sep 2000+0.3%+3.4%John Howard · Coalition
Dec 2000-0.4%+1.2%John Howard · Coalition
Mar 2001+0.9%+1.8%John Howard · Coalition
Jun 2001+0.9%+1.7%John Howard · Coalition
Sep 2001+1.1%+2.6%John Howard · Coalition
Dec 2001+1.2%+4.2%John Howard · Coalition
Mar 2002+0.8%+4.1%John Howard · Coalition
Jun 2002+1.7%+4.9%John Howard · Coalition
Sep 2002+0.2%+4.0%John Howard · Coalition
Dec 2002+0.8%+3.6%John Howard · Coalition
Mar 2003+0.2%+3.1%John Howard · Coalition
Jun 2003+0.4%+1.7%John Howard · Coalition
Sep 2003+1.7%+3.2%John Howard · Coalition
Dec 2003+1.7%+4.1%John Howard · Coalition
Mar 2004+0.8%+4.6%John Howard · Coalition
Jun 2004+0.8%+5.0%John Howard · Coalition
Sep 2004+0.7%+3.9%John Howard · Coalition
Dec 2004+0.8%+3.0%John Howard · Coalition
Mar 2005+0.8%+3.0%John Howard · Coalition
Jun 2005+0.5%+2.7%John Howard · Coalition
Sep 2005+1.1%+3.2%John Howard · Coalition
Dec 2005+0.8%+3.2%John Howard · Coalition
Mar 2006+0.1%+2.5%John Howard · Coalition
Jun 2006+0.3%+2.3%John Howard · Coalition
Sep 2006+1.5%+2.7%John Howard · Coalition
Dec 2006+1.2%+3.1%John Howard · Coalition
Mar 2007+1.4%+4.5%John Howard · Coalition
Jun 2007+0.7%+4.9%John Howard · Coalition
Sep 2007+1.2%+4.5%John Howard · Coalition
Dec 2007+0.4%+3.6%John Howard · Coalition
Mar 2008+1.1%+3.3%Kevin Rudd · Labor
Jun 2008+0.4%+3.0%Kevin Rudd · Labor
Sep 2008+0.7%+2.5%Kevin Rudd · Labor
Dec 2008-0.4%+1.7%Kevin Rudd · Labor
Mar 2009+1.0%+1.6%Kevin Rudd · Labor
Jun 2009+0.6%+1.9%Kevin Rudd · Labor
Sep 2009+0.3%+1.5%Kevin Rudd · Labor
Dec 2009+0.8%+2.8%Kevin Rudd · Labor
Mar 2010+0.5%+2.2%Kevin Rudd · Labor
Jun 2010+0.6%+2.2%Kevin Rudd · Labor
Sep 2010+0.7%+2.6%Julia Gillard · Labor
Dec 2010+0.8%+2.6%Julia Gillard · Labor
Mar 2011-0.3%+1.9%Julia Gillard · Labor
Jun 2011+1.2%+2.5%Julia Gillard · Labor
Sep 2011+1.4%+3.2%Julia Gillard · Labor
Dec 2011+1.1%+3.5%Julia Gillard · Labor
Mar 2012+1.1%+4.8%Julia Gillard · Labor
Jun 2012+0.7%+4.3%Julia Gillard · Labor
Sep 2012+0.6%+3.5%Julia Gillard · Labor
Dec 2012+0.4%+2.8%Julia Gillard · Labor
Mar 2013+0.5%+2.3%Julia Gillard · Labor
Jun 2013+0.4%+2.0%Julia Gillard · Labor
Sep 2013+0.8%+2.2%Kevin Rudd (second term) · Labor
Dec 2013+0.8%+2.5%Tony Abbott · Coalition
Mar 2014+0.8%+2.8%Tony Abbott · Coalition
Jun 2014+0.5%+2.9%Tony Abbott · Coalition
Sep 2014+0.4%+2.5%Tony Abbott · Coalition
Dec 2014+0.4%+2.1%Tony Abbott · Coalition
Mar 2015+1.0%+2.2%Tony Abbott · Coalition
Jun 2015+0.1%+1.9%Tony Abbott · Coalition
Sep 2015+1.0%+2.5%Tony Abbott · Coalition
Dec 2015+0.6%+2.7%Malcolm Turnbull · Coalition
Mar 2016+0.9%+2.7%Malcolm Turnbull · Coalition
Jun 2016+0.6%+3.2%Malcolm Turnbull · Coalition
Sep 20160.0%+2.2%Malcolm Turnbull · Coalition
Dec 2016+1.2%+2.8%Malcolm Turnbull · Coalition
Mar 2017+0.3%+2.1%Malcolm Turnbull · Coalition
Jun 2017+0.6%+2.1%Malcolm Turnbull · Coalition
Sep 2017+1.0%+3.1%Malcolm Turnbull · Coalition
Dec 2017+0.4%+2.3%Malcolm Turnbull · Coalition
Mar 2018+1.1%+3.0%Malcolm Turnbull · Coalition
Jun 2018+0.7%+3.2%Malcolm Turnbull · Coalition
Sep 2018+0.4%+2.6%Malcolm Turnbull · Coalition
Dec 2018+0.2%+2.4%Scott Morrison · Coalition
Mar 2019+0.8%+2.1%Scott Morrison · Coalition
Jun 2019+0.3%+1.7%Scott Morrison · Coalition
Sep 2019+0.6%+1.9%Scott Morrison · Coalition
Dec 2019+0.6%+2.2%Scott Morrison · Coalition
Mar 2020-0.2%+1.3%Scott Morrison · Coalition
Jun 2020-6.8%-5.8%Scott Morrison · Coalition
Sep 2020+3.4%-3.2%Scott Morrison · Coalition
Dec 2020+3.4%-0.4%Scott Morrison · Coalition
Mar 2021+2.2%+2.0%Scott Morrison · Coalition
Jun 2021+0.7%+10.2%Scott Morrison · Coalition
Sep 2021-1.8%+4.7%Scott Morrison · Coalition
Dec 2021+3.7%+4.9%Scott Morrison · Coalition
Mar 2022+1.0%+3.6%Scott Morrison · Coalition
Jun 2022+0.9%+3.8%Scott Morrison · Coalition
Sep 2022+0.5%+6.1%Anthony Albanese · Labor
Dec 2022+0.9%+3.3%Anthony Albanese · Labor
Mar 2023+0.6%+2.8%Anthony Albanese · Labor
Jun 2023+0.3%+2.2%Anthony Albanese · Labor
Sep 2023+0.4%+2.2%Anthony Albanese · Labor
Dec 20230.0%+1.3%Anthony Albanese · Labor
Mar 2024+0.3%+1.1%Anthony Albanese · Labor
Jun 2024+0.2%+0.9%Anthony Albanese · Labor
Sep 2024+0.3%+0.8%Anthony Albanese · Labor
Dec 2024+0.4%+1.2%Anthony Albanese · Labor
Mar 2025+0.4%+1.3%Anthony Albanese · Labor
Jun 2025+0.8%+1.9%Anthony Albanese · Labor
Sep 2025+0.5%+2.1%Anthony Albanese · Labor
Dec 2025+0.9%+2.6%Anthony Albanese · Labor
Mar 2026+0.3%+2.5%Anthony Albanese · Labor
Jun 2026+0.4%+2.1%Anthony Albanese · Labor

Show who held office alongside the numbers.

Governments & growth

Who was in charge?

Current federal government · record verified 29 Oct 2026

Anthony Albanese

Australian Labor Party · Prime Minister since 23 May 2022.

These are GDP outcomes during each government’s time in office. They do not measure the effect of its policies. Global events, monetary policy, population growth and earlier decisions also shape the economy.

Coalition

GDP quarters: Sep 1996 – Dec 2007 · 46 quarters

+3.7%Real GDP growth per year (annualised)

Adjusted for time in office

Share of this range’s quarters

97.8%+ve quarters2.2%−ve quarters0.0%flat quarters

John Howard

Labor

GDP quarters: Mar 2008 – Sep 2013 · 23 quarters

+2.6%Real GDP growth per year (annualised)

Adjusted for time in office

Share of this range’s quarters

91.3%+ve quarters8.7%−ve quarters0.0%flat quarters

Kevin Rudd · Julia Gillard · Kevin Rudd (second term)

Coalition

GDP quarters: Dec 2013 – Jun 2022 · 35 quarters

+2.5%Real GDP growth per year (annualised)

Adjusted for time in office

Share of this range’s quarters

88.6%+ve quarters8.6%−ve quarters2.9%flat quarters

Tony Abbott · Malcolm Turnbull · Scott Morrison

Labor

GDP quarters: Sep 2022 – Jun 2026 · 16 quarters

+1.8%Real GDP growth per year (annualised)

Adjusted for time in office

Share of this range’s quarters

93.8%+ve quarters0.0%−ve quarters6.3%flat quarters

Anthony Albanese

Ranges cover the displayed 30-year window; the first and current terms are partial. Each quarter is assigned to the prime minister in office for most calendar days. Party periods combine consecutive prime ministers from the same party group. Transition quarters are not split into estimated monthly GDP.

Break it down by prime minister
Annualised real GDP growth and the share of positive, negative and flat quarters for each prime minister.
Prime minister / partyGDP quartersGDP growth per year% +ve / −ve / flat
John HowardCoalition
Office: 11 Mar 1996 – 3 Dec 2007		Sep 1996
– Dec 2007		+3.7%97.8% / 2.2% / 0.0%
Kevin RuddLabor
Office: 3 Dec 2007 – 24 June 2010		Mar 2008
– Jun 2010		+2.3%90.0% / 10.0% / 0.0%
Julia GillardLabor
Office: 24 June 2010 – 27 June 2013		Sep 2010
– Jun 2013		+2.9%91.7% / 8.3% / 0.0%
Kevin Rudd (second term)Labor
Office: 27 June 2013 – 18 Sept 2013		Sep 2013
– Sep 2013		+3.3%100.0% / 0.0% / 0.0%
Tony AbbottCoalition
Office: 18 Sept 2013 – 15 Sept 2015		Dec 2013
– Sep 2015		+2.5%100.0% / 0.0% / 0.0%
Malcolm TurnbullCoalition
Office: 15 Sept 2015 – 24 Aug 2018		Dec 2015
– Sep 2018		+2.6%91.7% / 0.0% / 8.3%
Scott MorrisonCoalition
Office: 24 Aug 2018 – 23 May 2022		Dec 2018
– Jun 2022		+2.4%80.0% / 20.0% / 0.0%
Anthony AlbaneseLabor
Office: 23 May 2022 – present		Sep 2022
– Jun 2026		+1.8%93.8% / 0.0% / 6.3%

Annualised growth is the compound yearly rate from the GDP level before the first quarter to the level at the end of the range. It accounts for the length of each term; short terms can still look volatile. Quarter percentages divide positive, negative or flat quarters by all quarters in that range. They use growth rounded to one decimal place, matching the charts; shares may not add to exactly 100% after rounding. Annualised rates use unrounded GDP levels.

Officeholders: National Archives · Parliament’s leadership chronology · Current Prime Minister.
Government records are maintained separately from the automatically refreshed ABS data.