In 2020-21, the Australian economy grew 1.5% to $2.0 trillion. Energy consumption fell 3.6% in 2020-21 to 5,790 PJ.
Energy productivity (gross domestic product (GDP) divided by energy consumption) improved 5.2% in 2020-21 and 28% over the past ten years. Australia now creates $347 million in GDP for every PJ of energy consumed, over $75 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.