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RBA Glossary definition for year-average growth

year-average growth – The rate of change between the year and the previous year, where the year is typically a calendar year or a financial year. For example 'year-average growth 2011/12' means the percentage change between the financial year 2010/11 and the financial year 2011/12. It can also be referred to as 'growth in the year'.

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The International Environment

5 Nov 2021 SMP – November 2021
Year-average MTP growth is expected to be strong in 2021 and 2022 (6 per cent and 5 per cent, respectively) (Graph 1.15). ... The central assumption in the global outlook is that labour supply and production capacity lift over the coming year,
https://www.rba.gov.au/publications/smp/2021/nov/the-international-environment.html

Statement on Monetary Policy

3 Nov 2022 SMP - November 2022 PDF 7804KB
https://www.rba.gov.au/publications/smp/2022/nov/pdf/statement-on-monetary-policy-2022-11.pdf

Statement on Monetary Policy

6 Dec 2023 SMP - August 2023 PDF 9542KB
https://www.rba.gov.au/publications/smp/2023/aug/pdf/statement-on-monetary-policy-2023-08.pdf

Statement on Monetary Policy

12 Feb 2023 SMP - February 2023 PDF 7754KB
https://www.rba.gov.au/publications/smp/2023/feb/pdf/statement-on-monetary-policy-2023-02.pdf

Economic Outlook

5 Aug 2022 SMP – August 2022
Growth in Australia's major trading partners is expected to fall well below the pre-pandemic average this year, in part because measures to suppress China's COVID-19 outbreak have ... n/a). Year-average. 2021/22. 2022. 2022/23. 2023. 2023/24. 2024. GDP
https://www.rba.gov.au/publications/smp/2022/aug/economic-outlook.html

The International Environment

5 May 2023 SMP - May 2023 PDF 2793KB
https://www.rba.gov.au/publications/smp/2023/may/pdf/01-the-international-environment.pdf

Economic Outlook

10 May 2019 SMP – May 2019
Table 5.1: Output Growth and Inflation Forecasts. (a). Per cent. Year-ended. Dec 2018. ... 2). Year-average. 2018. 2018/19. 2019. 2019/20. 2020. 2020/21. GDP growth. 2.8.
https://www.rba.gov.au/publications/smp/2019/may/economic-outlook.html

The International Environment

6 Dec 2023 SMP - August 2023 PDF 2387KB
https://www.rba.gov.au/publications/smp/2023/aug/pdf/01-the-international-environment.pdf

Economic Outlook

20 Nov 2023 SMP - November 2023 PDF 666KB
https://www.rba.gov.au/publications/smp/2023/nov/pdf/05-economic-outlook.pdf

The International Environment

20 Nov 2023 SMP - November 2023 PDF 2858KB
https://www.rba.gov.au/publications/smp/2023/nov/pdf/01-the-international-environment.pdf