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Historical Year Data · 2014

Australia Real GDP Growth (WEO) in 2014

Australia Real GDP Growth (WEO) opened 2014 at 2.60% and closed at 2.60%, a +0.00% move for the year. The high of 2.60% was reached on December 31, and the low of 2.60% on December 31.

Open
2.60%
2014-01
Close
2.60%
1 data points
High
2.60%
Dec 31
Low
2.60%
Dec 31
Full Year Change
+0.00%
2013 Change
+0.00%

Monthly Breakdown

MonthOpenCloseHighLowChange
Dec2.60%2.60%2.60%2.60%+0.00%

Events During 2014

2014-2016 Oil Price Collapse
Deflation
June 2014 – February 2016

Brent crude fell from $115 in June 2014 to $27 in January 2016, a 77% collapse. Shale oversupply and OPEC's refusal to cut production broke the commodity supercycle that had dominated markets since 2003.

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