The Historical Average Annual Returns of Australian Stock Market From 1900 To 2019

The popular “120 Years of Historical Returns for Australian Sharemarket” has been updated MarketIndex site with data for year 2019. The overall average annual total return just slightly increased to 13.2% per year since 1900.

Update (5/30/21):

The Total Return for the All Ordinaries Accumulation Index in 2020 was 3.64%. The Price Only Return was just 0.71%.

Source: S&P Global

Note: The below chart will be updated with 2020 data when MarketIndex publishes the updated chart.

The following graphic shows the historical annual returns of Australian stocks from 1990 thru 2019:

Click to enlarge

Source: Market Index


  • The returns shown above are total returns (i.e. share price returns + dividends).
  • The returns shown are in the local currency.
  • The returns are for the All Ordinaries Index.

Related ETF:

  • iShares MSCI Australia ETF (EWA)


See Also:

Disclosure: No Positions


  1. Sorry. I will post the updated chart once MarketIndex publishes it. I sourced it from them. For now I have added the total return for year 2020 in the details above. Thanks.

  2. Hi David

    I am busy writing a book on the sharemarket and Market Index have kindly provided permission for me to use their 120 year chart. I came across your excellent site and see you have added in 2020 returns (like I did). Do I require any permission from you to quote your website please?

    Many thanks

    Kind regards
    K Foreman
    15 Kailas Court, Tamborine Mountain QLD 4272

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