Vegetable oil vs gdp, annual growth rate in Australia

Australia: Vegetable oil vs gdp, annual growth rate was 0.1593 % change on previous year in 2023. β—† Volatile

Latest (2023)
0.1593 % change on previous year
Change on year
down 96.9%
World rank
96th
of 184 countries
All-time high
32.02 % change on previous year
in 1970
All-time low
-10.83 % change on previous year
in 1971
Years of data
62
1962–2023

Vegetable oil vs gdp, annual growth rate in Australia, 1962–2023

-100102030196219922023

Source: Statizoid (derived). Measured in % change on previous year.

Analysis

The most recent figure for vegetable oil vs gdp, annual growth rate in Australia is 0.1593 % change on previous year, measured in 2023.

That represents a change of down 96.9% on the previous year and up 102.1% over ten years.

Over the whole period, vegetable oil vs gdp, annual growth rate in Australia peaked at 32.02 % change on previous year in 1970 and was at its lowest, -10.83 % change on previous year, in 1971.

Australia ranks 96th of 184 countries on this measure, in the middle of the range.

The series is highly variable year to year, so single readings are best treated with caution.

Averages by decade

DecadeAverage LowestHighest Years
1960s 5.21 % change on previous year -6.1 % change on previous year 18.42 % change on previous year 8
1970s 9.37 % change on previous year -10.83 % change on previous year 32.02 % change on previous year 10
1980s 3.22 % change on previous year -9.99 % change on previous year 17.97 % change on previous year 10
1990s 2.75 % change on previous year -6.6 % change on previous year 10.55 % change on previous year 10
2000s 1.89 % change on previous year -6.3 % change on previous year 25.11 % change on previous year 10
2010s 0.634 % change on previous year -7.62 % change on previous year 6.69 % change on previous year 10
2020s 1.83 % change on previous year -9.26 % change on previous year 11.32 % change on previous year 4

Countries ranked near Australia

  1. 93 Lithuania 0.2481 % change on previous year compare
  2. 94 Netherlands Antilles 0.2425 % change on previous year compare
  3. 95 Lebanon 0.2013 % change on previous year compare
  4. 97 Kuwait -0.3537 % change on previous year compare
  5. 98 Japan -0.5579 % change on previous year compare
  6. 99 Samoa -0.6257 % change on previous year compare

See the full ranking of 184 places β†’

More energy & mining data for Australia

All data for Australia β†’

Frequently asked questions

What is vegetable oil vs gdp, annual growth rate in Australia?
Vegetable oil vs gdp, annual growth rate in Australia was 0.1593 % change on previous year in 2023, according to Statizoid (derived).
What is the highest vegetable oil vs gdp, annual growth rate recorded in Australia?
The highest recorded value was 32.02 % change on previous year in 1970.
What is the lowest vegetable oil vs gdp, annual growth rate recorded in Australia?
The lowest recorded value was -10.83 % change on previous year in 1971.
How does Australia rank for vegetable oil vs gdp, annual growth rate?
Australia ranks 96th out of 184 countries with data for 2023.
Is vegetable oil vs gdp, annual growth rate rising or falling in Australia?
Over the last ten years it is up 102.1%. The long-run trend across the full record is volatile.
Where does this Australia data come from?
The figures come from Statizoid (derived), published as part of Vegetable oil vs gdp, annual growth rate. Statizoid updates them automatically from the source API.

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CSV Β· JSON β€” 62 observations, free to reuse under Derived by Statizoid from the sources named on the page.

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Vegetable oil vs gdp, annual growth rate in Australia. Statizoid, drawing on Statizoid (derived). Retrieved 20 August 2026, from https://energy.statizoid.com/stat/vegetable-oil-vs-gdp-annual-growth-rate/australia/

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How this figure is calculated

The year-on-year percentage change in Vegetable oil vs gdp. Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.

Computed from

Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.

About this data

Indicator
Vegetable oil vs gdp, annual growth rate
Unit
% change on previous year
Source
Statizoid (derived)
Licence
Derived by Statizoid from the sources named on the page
Coverage
184 places, 9,978 data points, 1962–2023
Last refreshed

The year-on-year percentage change in Vegetable oil vs gdp. Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.