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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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Economic Outlook

9 Feb 2023 SMP - February 2023 PDF 620KB
https://www.rba.gov.au/publications/smp/2023/feb/pdf/05-economic-outlook.pdf

Economic Outlook

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

Economic Outlook

6 Feb 2020 SMP – February 2020
Table 5.1: Output Growth and Inflation Forecasts. (a). Per cent. Year-ended. Dec 2019. ... 1). (1). (1). (2). (n/a). Year-average. 2019. 2019/20. 2020. 2020/21. 2021.
https://www.rba.gov.au/publications/smp/2020/feb/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

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

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

The International Environment

4 Feb 2022 SMP – February 2022
Graph 1.3. GDP in Australia's major trading partners is projected to exceed its historical average in 2022 (with year-average growth of 4 per cent), before easing to a ... Graph 1.8. Fiscal policy has weighed on growth in China over the past year.
https://www.rba.gov.au/publications/smp/2022/feb/the-international-environment.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

Statement on Monetary Policy

6 Feb 2024 SMP - February 2024 PDF 4547KB
https://www.rba.gov.au/publications/smp/2024/feb/pdf/statement-on-monetary-policy-2024-02.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