The Gross Domestic Product (GDP) in Australia was worth 1752.19 billion US dollars in 2024, according to official data from the World Bank. The GDP value of Australia represents 1.65 percent of the world economy. This dataset provides - Australia GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news.

The statistic depicts Australia's gross domestic product (GDP) from 1987 to 2024, with projections up until 2030. In 2024, GDP in Australia amounted to about 1.8 trillion US dollars. See global GDP for a global comparison. Australia’s economy and population Australia’s gross domestic product has been growing steadily, and all in all, Australia and its economic key factors show a well-set country. Australia is among the countries with the largest gross domestic product / GDP worldwide, and thus one of the largest economies. It was one of the few countries not severely stricken by the 2008 financial crisis; its unemployment rate, inflation rate and trade balance, for example, were hardly affected at all. In fact, the trade balance of Australia – a country’s exports minus its imports – has been higher than ever since 2010, with a slight dip in 2012. Australia mainly exports wine and agricultural products to countries like China, Japan or South Korea. One of Australia’s largest industries is tourism, which contributes a significant share to its gross domestic product. Almost half of approximately 23 million Australian residents are employed nowadays, life expectancy is increasing, and the fertility rate (the number of children born per woman) has been quite stable. A look at the distribution of the world population by continent shows that Australia is ranked last in terms of population and population density. Most of Australia's population lives at the coast in metropolitan areas, since parts of the continent are uninhabitable. Unsurprisingly, Australia is known as a country with very high living standards, four of its biggest cities – Melbourne, Adelaide, Sydney and Perth – are among the most livable cities worldwide.

The Gross Domestic Product (GDP) in Australia expanded 0.60 percent in the second quarter of 2025 over the previous quarter. This dataset provides - Australia GDP Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

The statistic shows the growth rate of Australia’s real GDP from 2020 to 2024, with projections up until 2030. In 2024, GDP in Australia grew by about 1.04 percent on the previous year.The recession-proof land down underGDP is one of the primary indicators used to gauge the state and health of a country’s economy. It is the total market value of all final goods and services that have been produced within a country in a given period of time, usually a year. GDP figures allow us to understand a country’s economy in a clear way. Real GDP, in a similar vein, is also a very useful indicator; this is a measurement that takes prices changes (inflation and deflation) into account, therefore acting as a key indicator for economic growth.The gross domestic product (GDP) growth rate in Australia has, for sometime, been able to get a steady foothold in the somewhat shaky post-recession world, shaky, but far from catastrophic. The annual growth rate between the 2008 and 2009 financial years, for example, a time at which the world was brought to its proverbial knees, saw growth rates down under reach to 2.49 and 1.37 percent respectively on the previous years, whereas the GDP growth rate in the United States plummeted well into the minus zone. Australia, like all other capitalist nations, is at the mercy of international markets, and when the world economy takes a hit, it would be foolish to suggest it could emerge fully unscathed. However, Australia has earned some much deserved praise and attention owing to the fact that it has managed to remain recession-free for the past twenty years. This could be thanks to its abundance of raw materials, the Australian mining boom, the fact the recession came at a time of high commodity prices and, maybe most importantly, that just under a third of its exports go to China.

The Gross Domestic Product (GDP) in Australia expanded 1.80 percent in the second quarter of 2025 over the same quarter of the previous year. This dataset provides - Australia GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

GDP, billion currency units in Australia, March, 2025 The most recent value is 675.42 billion Australian Dollar as of Q1 2025, a decline compared to the previous value of 715.14 billion Australian Dollar. Historically, the average for Australia from Q1 1960 to Q1 2025 is 181.45 billion Australian Dollar. The minimum of 3.93 billion Australian Dollar was recorded in Q1 1960, while the maximum of 715.14 billion Australian Dollar was reached in Q4 2024. | TheGlobalEconomy.com

Australia Potential(GDP) Gross Domestic ProductGrowth: Volume data was reported at 2.208 % in 2026. This records a decrease from the previous number of 2.230 % for 2025. Australia Potential(GDP) Gross Domestic ProductGrowth: Volume data is updated yearly, averaging 2.960 % from Dec 1986 (Median) to 2026, with 41 observations. The data reached an all-time high of 3.862 % in 1998 and a record low of 2.141 % in 2020. Australia Potential(GDP) Gross Domestic ProductGrowth: Volume data remains active status in CEIC and is reported by Organisation for Economic Co-operation and Development. The data is categorized under Global Database’s Australia – Table AU.OECD.EO: GDP: Potential Output and Output Gap: Forecast: OECD Member: Annual. GDPVTR_ANNPCT - Potential output, volume, growth. Percentage change compared to the previous period. Quarterly growth expressed at annual rate.

GDP (current US$) in Australia was reported at 1752193307380 USD in 2024, according to the World Bank collection of development indicators, compiled from officially recognized sources. Australia - GDP - actual values, historical data, forecasts and projections were sourced from the World Bank on September of 2025.

Australia GDP: Growth: Volume: Final Consumption Expenditure: Government data was reported at 2.167 % in 2026. This records a decrease from the previous number of 2.267 % for 2025. Australia GDP: Growth: Volume: Final Consumption Expenditure: Government data is updated yearly, averaging 3.889 % from Dec 1961 (Median) to 2026, with 66 observations. The data reached an all-time high of 10.968 % in 1965 and a record low of -0.160 % in 1982. Australia GDP: Growth: Volume: Final Consumption Expenditure: Government data remains active status in CEIC and is reported by Organisation for Economic Co-operation and Development. The data is categorized under Global Database’s Australia – Table AU.OECD.EO: GDP: Growth and Contribution to Growth: Forecast: OECD Member: Annual. CGV_ANNPCT - Government final consumption expenditure, volume, growth. Percentage change compared to the previous period. Quarterly growth expressed at annual rate.

The latest data from show economic growth of 1.82 percent, which is an increase from the rate of growth of 1.35 percent in the previous quarter and
an increase compared to the growth rate of 0.93 percent in the same quarter last year. The economic growth time series for Australia cover the period...

In 2020, the GDP shrunk by *** percent in Australia, and inflation was at an all-time low at *** percent over the last 20 years. In 2021, the GDP is predicted to grow by *** percent, and inflation to grow by *** percent. According to the forecast, the Gross Domestic Product and inflation will grow weakly over the next five years in Australia.

The Gross Domestic Product per capita in Australia was last recorded at 61211.90 US dollars in 2024. The GDP per Capita in Australia is equivalent to 485 percent of the world's average. This dataset provides - Australia GDP per capita - actual values, historical data, forecast, chart, statistics, economic calendar and news.

GDP Nowcast: Australia: Current Quarter: Extended History data was reported at 1.251 % in 19 Apr 2025. This records an increase from the previous number of 1.235 % for 15 Apr 2025. GDP Nowcast: Australia: Current Quarter: Extended History data is updated daily, averaging 2.503 % from Dec 2016 (Median) to 19 Apr 2025, with 2066 observations. The data reached an all-time high of 8.217 % in 12 Sep 2021 and a record low of -5.961 % in 12 Nov 2020. GDP Nowcast: Australia: Current Quarter: Extended History data remains active status in CEIC and is reported by CEIC Data. The data is categorized under Global Database’s Australia – Table AU.CEIC.GDPNC: Gross Domestic Product: Nowcast.

The tourism sector GDP share in Australia was forecast to increase between 2023 and 2028 by in total *** percentage points. This overall increase does not happen continuously, notably not in 2026 and 2027. The share is estimated to amount to ***** percent in 2028. While the share was forecast to increase significantly in the next years, the increase will slow down in the future.Depicted is the economic contribution of the tourism sector in relation to the gross domestic product of the country or region at hand. The forecast has been adjusted for the expected impact of COVID-19. The shown data are an excerpt of Statista's Key Market Indicators (KMI). The KMI are a collection of primary and secondary indicators on the macroeconomic, demographic and technological environment in more than *** countries and regions worldwide. All input data are sourced from international institutions, national statistical offices, and trade associations. All data has been are processed to generate comparable datasets (see supplementary notes under details for more information). Find more key insights for the tourism sector GDP share in countries like Fiji and New Zealand.

The gross domestic product (GDP) per capita in Australia was estimated at 66,250 U.S. dollars in 2024. From 1980 to 2024, the GDP per capita rose by 55,240 U.S. dollars, though the increase followed an uneven trajectory rather than a consistent upward trend. Between 2024 and 2030, the GDP per capita will rise by 8,640 U.S. dollars, showing an overall upward trend with periodic ups and downs.This indicator describes the gross domestic product per capita at current prices. Thereby, the gross domestic product was first converted from national currency to U.S. dollars at current exchange rates and then divided by the total population. The gross domestic product is a measure of a country's productivity. It refers to the total value of goods and service produced during a given time period (here a year).

Graph and download economic data for Nominal Gross Domestic Product for Australia (NGDPSAXDCAUQ) from Q3 1959 to Q1 2025 about Australia and GDP.

GDP from Public Administration in Australia increased to 33998 AUD Million in the second quarter of 2025 from 33762 AUD Million in the first quarter of 2025. This dataset provides - Australia Gdp From Public Administration- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Australia GDP: Growth: Volume: Imports of Goods and Services data was reported at 3.398 % in 2026. This records an increase from the previous number of 2.233 % for 2025. Australia GDP: Growth: Volume: Imports of Goods and Services data is updated yearly, averaging 6.376 % from Dec 1961 (Median) to 2026, with 66 observations. The data reached an all-time high of 25.000 % in 1974 and a record low of -15.544 % in 1975. Australia GDP: Growth: Volume: Imports of Goods and Services data remains active status in CEIC and is reported by Organisation for Economic Co-operation and Development. The data is categorized under Global Database’s Australia – Table AU.OECD.EO: GDP: Growth and Contribution to Growth: Forecast: OECD Member: Annual. MGSV_ANNPCT - Imports of goods and services, volume, growth (national accounts basis). Percentage change compared to the previous period. Quarterly growth expressed at annual rate.

GDP from Construction in Australia decreased to 43600 AUD Million in the second quarter of 2025 from 44016 AUD Million in the first quarter of 2025. This dataset provides - Australia Gdp From Construction- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Australia Output Gap of Total Economy data was reported at -0.772 % in 2026. This records an increase from the previous number of -1.101 % for 2025. Australia Output Gap of Total Economy data is updated yearly, averaging 0.115 % from Dec 1985 (Median) to 2026, with 42 observations. The data reached an all-time high of 2.270 % in 1989 and a record low of -4.027 % in 2020. Australia Output Gap of Total Economy data remains active status in CEIC and is reported by Organisation for Economic Co-operation and Development. The data is categorized under Global Database’s Australia – Table AU.OECD.EO: GDP: Potential Output and Output Gap: Forecast: OECD Member: Annual. GAP - Output gap, as a percentage of potential GDP OECD calculation, see OECD Economic Outlook database documentation