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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

6 May 2022 SMP – May 2022
Year-average GDP growth is forecast to be about percentage point short of the ‘around 5.5 per cent’ GDP growth target announced by policymakers in March. ... Overall, growth in Australia's major trading partners in 2022 and 2023 is forecast to be
https://www.rba.gov.au/publications/smp/2022/may/the-international-environment.html

Economic Outlook

8 Nov 2019 SMP – November 2019
Table 5.1: Output Growth and Inflation Forecasts. (a). Per cent. Year-ended. June 2019. ... 1). (1). (1). (2). (2). Year-average. 2018/19. 2019. 2019/20. 2020. 2020/21.
https://www.rba.gov.au/publications/smp/2019/nov/economic-outlook.html

Economic Outlook

6 May 2022 SMP – May 2022
Following a strong recovery from the depths of the pandemic, growth in the global economy is forecast to slow in the year ahead, to a little below the average rate of ... 2). Year-average. 2021. 2021/22. 2022. 2022/23. 2023. 2023/24. GDP growth. 4.7.
https://www.rba.gov.au/publications/smp/2022/may/economic-outlook.html

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

List of tables

10 Feb 2008 SMP – February 2008
Year-average percentage change. (a). 2006. 2007. 2008. estimates. IMF forecasts. (d). ... Employment growth. Unemployment rate. Year to December 2007. December 2006. December 2007.
https://www.rba.gov.au/publications/smp/2008/feb/tables.html

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

9 Feb 2023 SMP - February 2023 PDF 2017KB
https://www.rba.gov.au/publications/smp/2023/feb/pdf/01-the-international-environment.pdf

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

10 Feb 2004 Bulletin – February 2004
Overall, the growth of the economy has been driven by well-above-average growth in domestic spending, while the main factors that were holding back growth, particularly in the period up ... Table 1: World GDP Growth. Year-average, per cent. 2002. 2003.
https://www.rba.gov.au/publications/bulletin/2004/feb/1.html

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