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.

Australia GDP: 2021-22p data was reported at 2,403,614.000 AUD mn in 2023. This records an increase from the previous number of 2,333,221.000 AUD mn for 2022. Australia GDP: 2021-22p data is updated yearly, averaging 922,422.000 AUD mn from Jun 1960 (Median) to 2023, with 64 observations. The data reached an all-time high of 2,403,614.000 AUD mn in 2023 and a record low of 300,892.000 AUD mn in 1960. Australia GDP: 2021-22p data remains active status in CEIC and is reported by Australian Bureau of Statistics. The data is categorized under Global Database’s Australia – Table AU.A: SNA08: Gross Domestic Product and Gross Domestic Product per Capita: by State.

Australia GDP: 2021-22p: FCE: New South Wales: Total data was reported at 187,123.000 AUD mn in Jun 2024. This records an increase from the previous number of 174,967.000 AUD mn for Mar 2024. Australia GDP: 2021-22p: FCE: New South Wales: Total data is updated quarterly, averaging 112,055.000 AUD mn from Sep 1985 (Median) to Jun 2024, with 156 observations. The data reached an all-time high of 188,616.000 AUD mn in Dec 2023 and a record low of 55,174.000 AUD mn in Mar 1986. Australia GDP: 2021-22p: FCE: New South Wales: Total data remains active status in CEIC and is reported by Australian Bureau of Statistics. The data is categorized under Global Database’s Australia – Table AU.A075: SNA08: Gross Domestic Product: Final Consumption Expenditure: by State: Chain Linked: 2021-22 Price.

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 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.

In 2023, agriculture contributed around 2.57 percent to the GDP of Australia, 27.65 percent came from industry, and 63.57 percent from the services sector. The same year, the Australian inflation rate, another important key indicator for its economic situation, amounted to 2.82 percent. Why is the inflation rate important?Inflation is the steady increase in price levels for consumer goods and services during a certain timespan. The European Central Bank considers a steady inflation rate of two percent a year beneficial for a stable economy – otherwise a country risks economic hardship. In the worst case, a country can experience either hyperinflation (like Venezuela), which is the rapid increase of prices to a point of economic collapse, or deflation, which is the decrease of prices and devaluation of money that can also lead to economic collapse. Up and down under Australia’s inflation has been clawing itself out of a slump in 2016, when it unceremoniously dropped to 1.25 percent due to falling petrol costs and oil prices. The following year, it recovered instantaneously and soared back to just under two percent, and forecasts see it reaching 2.52 percent by 2021. Australians don’t seem too worried about this outlier, and rightly so, since Australia’s economy is still one of the biggest in the Asia-Pacific region and worldwide.

In financial year 2021, the fashion industry in Australia contributed around **** billion Australian dollars to the national economy. The Australian fashion industry is highly interlinked with the overall economy, and employs over ******* Australians.

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.

In the financial year 2021, the mining industry in Australia accounted for almost ** percent of real gross value added to the economy. In the same fiscal year, the financial and insurance services reported around *** percent of real gross value added to the economy.

Australia GDP per Capita: 2021-22p: Queensland data was reported at 86,321.000 AUD in 2023. This records an increase from the previous number of 86,300.000 AUD for 2022. Australia GDP per Capita: 2021-22p: Queensland data is updated yearly, averaging 74,084.000 AUD from Jun 1990 (Median) to 2023, with 34 observations. The data reached an all-time high of 86,321.000 AUD in 2023 and a record low of 48,342.000 AUD in 1991. Australia GDP per Capita: 2021-22p: Queensland data remains active status in CEIC and is reported by Australian Bureau of Statistics. The data is categorized under Global Database’s Australia – Table AU.A: SNA08: Gross Domestic Product and Gross Domestic Product per Capita: by State.

Australia Ref. Year = 2021-22: GDP: Volume: Final Consumption Expenditure: Private data was reported at 1,231.419 AUD bn in 2025. This records an increase from the previous number of 1,203.429 AUD bn for 2024. Australia Ref. Year = 2021-22: GDP: Volume: Final Consumption Expenditure: Private data is updated yearly, averaging 469.278 AUD bn from Dec 1960 (Median) to 2025, with 66 observations. The data reached an all-time high of 1,231.419 AUD bn in 2025 and a record low of 150.308 AUD bn in 1960. Australia Ref. Year = 2021-22: GDP: Volume: Final Consumption Expenditure: Private 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 by Expenditure: Volume: Forecast: OECD Member: Annual. CPV-Private final consumption expenditure, volume

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.

Australia's tourism gross domestic product (GDP) bounced back strong in 2023, recording an increase of 90.8 percent. In 2024, the country's tourism GDP increased by around 9.1 percent. After witnessing a significant decline in tourism GDP in 2020 and 2021, with tourism GDP taking a massive plunge of 36.2 percent in 2021 as a result of the coronavirus outbreak, the industry appears to be on the road to recovery. Economic contribution and employment trends Australia's tourism sector recovery is reflected in its substantial economic contribution in 2024. In the year ending June 2024, Australia's direct tourism GDP rose to approximately 75 billion Australian dollars. New South Wales continued to be a key player in the industry, with its tourism gross value added (GVA) reaching about 20 billion Australian dollars. The state also led in employment, with around 195,000 people directly employed in the tourism sector. These figures underscore the tourism industry's significance in driving economic growth and job creation across the country. International visitors fuel industry recovery The revival of Australia's tourism sector is closely tied to the return of international tourists. In 2024, the country welcomed over 7.3 million international visitor arrivals, a significant increase from the mere 140,000 visitors recorded during the height of pandemic restrictions in 2021. New Zealand residents led the way, with over 1.2 million visitors, followed by tourists from China numbering just below 750,000. This influx of international travelers contributed substantially to the Australian economy in 2024, with total trip expenditure reaching approximately 47.8 billion Australian dollars, surpassing pre-pandemic levels for the first time.

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.

Australia GDP: Growth: Gross Capital Formation data was reported at 5.717 % in 2021. Australia GDP: Growth: Gross Capital Formation data is updated yearly, averaging 5.717 % from Jun 2021 (Median) to 2021, with 1 observations. The data reached an all-time high of 5.717 % in 2021 and a record low of 5.717 % in 2021. Australia GDP: Growth: Gross Capital Formation data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Australia – Table AU.World Bank.WDI: Gross Domestic Product: Annual Growth Rate. Annual growth rate of gross capital formation based on constant local currency. Aggregates are based on constant 2015 prices, expressed in U.S. dollars. Gross capital formation (formerly gross domestic investment) consists of outlays on additions to the fixed assets of the economy plus net changes in the level of inventories. Fixed assets include land improvements (fences, ditches, drains, and so on); plant, machinery, and equipment purchases; and the construction of roads, railways, and the like, including schools, offices, hospitals, private residential dwellings, and commercial and industrial buildings. Inventories are stocks of goods held by firms to meet temporary or unexpected fluctuations in production or sales, and 'work in progress.' According to the 2008 SNA, net acquisitions of valuables are also considered capital formation.;World Bank national accounts data, and OECD National Accounts data files.;Weighted average;

Australia: Economic globalization index (0-100): The latest value from 2022 is 67.75 points, an increase from 65 points in 2021. In comparison, the world average is 59.16 points, based on data from 184 countries. Historically, the average for Australia from 1970 to 2022 is 56.85 points. The minimum value, 39.72 points, was reached in 1976 while the maximum of 69.43 points was recorded in 2007.

In financial year 2021, the fashion industry in Australia employed around ******* workers. The largest share of these jobs came from the retail sector, which employed ***** thousand workers in this time. As the fashion industry is highly interlinked with the overall economy, fashion industry employment crosses multiple economic sectors.

This dataset provides values for GDP 2021 reported in several countries. The data includes current values, previous releases, historical highs and record lows, release frequency, reported unit and currency.

Australia: Bank assets, percent of GDP: The latest value from 2021 is 148.18 percent, a decline from 163.7 percent in 2020. In comparison, the world average is 71.17 percent, based on data from 140 countries. Historically, the average for Australia from 1960 to 2021 is 75.05 percent. The minimum value, 33.8 percent, was reached in 1960 while the maximum of 163.7 percent was recorded in 2020.

Total natural resources rents (% of GDP) in Australia was reported at 13.36 % in 2021, according to the World Bank collection of development indicators, compiled from officially recognized sources. Australia - Total natural resources rents (% of GDP) - actual values, historical data, forecasts and projections were sourced from the World Bank on November of 2025.