In 2019-20, the Australian economy contracted by 0.3% to $1.9 trillion. Energy consumption fell by 2.9% in 2019-20 to 6,014 PJ.
Energy productivity (gross domestic product (GDP) divided by energy consumption) improved by 2.7% in 2019-20, and by 21% over the past ten years. Australia now creates $324 million in GDP for every PJ of energy consumed, over $50 million more than a decade ago.
This improvement reflects cumulative improvements in energy efficiency as well as a shift in the economy away from highly energy-intensive industries like manufacturing, towards less energy-intensive industries such as services. Increased use of renewable energy instead of combustion-based generation sources for electricity generation has also had a positive impact on energy productivity.