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 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.

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.

Australia GDP: Growth: Gross Value Added: Services data was reported at 3.140 % in 2016. This records an increase from the previous number of 2.757 % for 2015. Australia GDP: Growth: Gross Value Added: Services data is updated yearly, averaging 3.686 % from Jun 1976 (Median) to 2016, with 41 observations. The data reached an all-time high of 6.016 % in 1988 and a record low of -1.662 % in 1983. Australia GDP: Growth: Gross Value Added: Services 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 for value added in services based on constant local currency. Aggregates are based on constant 2010 U.S. dollars. Services correspond to ISIC divisions 50-99. They include value added in wholesale and retail trade (including hotels and restaurants), transport, and government, financial, professional, and personal services such as education, health care, and real estate services. Also included are imputed bank service charges, import duties, and any statistical discrepancies noted by national compilers as well as discrepancies arising from rescaling. Value added is the net output of a sector after adding up all outputs and subtracting intermediate inputs. It is calculated without making deductions for depreciation of fabricated assets or depletion and degradation of natural resources. The industrial origin of value added is determined by the International Standard Industrial Classification (ISIC), revision 3.; ; World Bank national accounts data, and OECD National Accounts data files.; Weighted Average; Note: Data for OECD countries are based on ISIC, revision 4.

Key information about Australia Investment: % of GDP

• Australia Investment accounted for 25.5 % of its Nominal GDP in Jun 2025, compared with a ratio of 23.5 % in the previous quarter.
• Australia investment share of Nominal GDP data is updated quarterly, available from Sep 1959 to Jun 2025, with an average ratio of 21.9 %.
• The data reached an all-time high of 35.6 % in Dec 1968 and a record low of 20.6 % in Mar 2020.

CEIC calculates Investment as % of Nominal GDP from quarterly Nominal Gross Capital Formation and quarterly Nominal GDP. Gross Capital Formation is calculated as the sum of Gross Fixed Capital Formation and Changes in Inventories. The Australian Bureau of Statistics provides Nominal Gross Capital Formation in local currency and Nominal GDP in local currency.


Related information about Australia Investment: % of GDP

• In the latest reports, Australia GDP expanded 1.8 % YoY in Jun 2025.
• Australia Nominal GDP reached 451.4 USD bn in Jun 2025.
• Its GDP deflator (implicit price deflator) increased 2.2 % in Jun 2025.
• Australia GDP Per Capita reached 65,655.8 USD in Jun 2025.
• Its Gross Savings Rate was measured at 24.8 % in Jun 2025.

Australia GDP: % of GDP: Gross Value Added: Services data was reported at 73.067 % in 2016. This records an increase from the previous number of 72.045 % for 2015. Australia GDP: % of GDP: Gross Value Added: Services data is updated yearly, averaging 69.709 % from Jun 1990 (Median) to 2016, with 27 observations. The data reached an all-time high of 73.067 % in 2016 and a record low of 64.104 % in 1990. Australia GDP: % of GDP: Gross Value Added: Services 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: Share of GDP. Services correspond to ISIC divisions 50-99 and they include value added in wholesale and retail trade (including hotels and restaurants), transport, and government, financial, professional, and personal services such as education, health care, and real estate services. Also included are imputed bank service charges, import duties, and any statistical discrepancies noted by national compilers as well as discrepancies arising from rescaling. Value added is the net output of a sector after adding up all outputs and subtracting intermediate inputs. It is calculated without making deductions for depreciation of fabricated assets or depletion and degradation of natural resources. The industrial origin of value added is determined by the International Standard Industrial Classification (ISIC), revision 3. Note: For VAB countries, gross value added at factor cost is used as the denominator.; ; World Bank national accounts data, and OECD National Accounts data files.; Weighted Average; Note: Data for OECD countries are based on ISIC, revision 4.

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.

In 2024, the gross domestic product (GDP) of Hong Kong amounted to around 407 billion U.S. dollars at current prices, equivalent to around 3.18 trillion Hong Kong dollars. The city’s GDP grew by 2.5 percent that year. Hong Kong’s GDP in comparison The GDP measures the total value of all goods and services produced in an economy over a certain period. Together with unemployment and inflation, it is one of the most observed economic indicators. While GDP figures in the local currency are sometimes more useful for analyzing internal economic developments, values in international currencies are important for regional comparison.Among economies in Asia-Pacific, Hong Kong’s nominal GDP is comparatively small. However, as an advanced economy and a global financial hub, the city’s per capita GDP is one of the highest in the region, only second to Singapore and Australia. Hong Kong’s economic development As an important international hub for finance and trade, Hong Kong’s economy is dominated by the service sector. Financial services contributed more than 20 percent to the city’s GDP and displayed one of the highest sectoral growth rates over the last decade. Hong Kong’s economic growth suffered severely during the COVID-19 pandemic but returned to sustained growth in 2023.

In 2025, the United States had the largest economy in the world, with a gross domestic product of over 30 trillion U.S. dollars. China had the second largest economy, at around 19.23 trillion U.S. dollars. Recent adjustments in the list have seen Germany's economy overtake Japan's to become the third-largest in the world in 2023, while Brazil's economy moved ahead of Russia's in 2024. Global gross domestic product Global gross domestic product amounts to almost 110 trillion U.S. dollars, with the United States making up more than one-quarter of this figure alone. The 12 largest economies in the world include all Group of Seven (G7) economies, as well as the four largest BRICS economies. The U.S. has consistently had the world's largest economy since the interwar period, and while previous reports estimated it would be overtaken by China in the 2020s, more recent projections estimate the U.S. economy will remain the largest by a considerable margin going into the 2030s.The gross domestic product of a country is calculated by taking spending and trade into account, to show how much the country can produce in a certain amount of time, usually per year. It represents the value of all goods and services produced during that year. Those countries considered to have emerging or developing economies account for almost 60 percent of global gross domestic product, while advanced economies make up over 40 percent.

Australia GDP: Real: Gross Value Added at Factor Cost: Services data was reported at 1,120,228.000 AUD mn in 2016. This records an increase from the previous number of 1,086,125.000 AUD mn for 2015. Australia GDP: Real: Gross Value Added at Factor Cost: Services data is updated yearly, averaging 559,241.230 AUD mn from Jun 1975 (Median) to 2016, with 42 observations. The data reached an all-time high of 1,120,228.000 AUD mn in 2016 and a record low of 280,516.477 AUD mn in 1975. Australia GDP: Real: Gross Value Added at Factor Cost: Services 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: Real. Services correspond to ISIC divisions 50-99. They include value added in wholesale and retail trade (including hotels and restaurants), transport, and government, financial, professional, and personal services such as education, health care, and real estate services. Also included are imputed bank service charges, import duties, and any statistical discrepancies noted by national compilers as well as discrepancies arising from rescaling. Value added is the net output of a sector after adding up all outputs and subtracting intermediate inputs. It is calculated without making deductions for depreciation of fabricated assets or depletion and degradation of natural resources. The industrial origin of value added is determined by the International Standard Industrial Classification (ISIC), revision 3. Data are in constant local currency.; ; World Bank national accounts data, and OECD National Accounts data files.; ; Note: Data for OECD countries are based on ISIC, revision 4.

Australia GDP: USD: Gross Value Added at Factor Cost: Services data was reported at 823.101 USD bn in 2016. This records a decrease from the previous number of 903.673 USD bn for 2015. Australia GDP: USD: Gross Value Added at Factor Cost: Services data is updated yearly, averaging 300.012 USD bn from Jun 1990 (Median) to 2016, with 27 observations. The data reached an all-time high of 1,036.090 USD bn in 2013 and a record low of 184.823 USD bn in 1990. Australia GDP: USD: Gross Value Added at Factor Cost: Services 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: Nominal. Services correspond to ISIC divisions 50-99. They include value added in wholesale and retail trade (including hotels and restaurants), transport, and government, financial, professional, and personal services such as education, health care, and real estate services. Also included are imputed bank service charges, import duties, and any statistical discrepancies noted by national compilers as well as discrepancies arising from rescaling. Value added is the net output of a sector after adding up all outputs and subtracting intermediate inputs. It is calculated without making deductions for depreciation of fabricated assets or depletion and degradation of natural resources. The industrial origin of value added is determined by the International Standard Industrial Classification (ISIC), revision 3. Data are in current U.S. dollars.; ; World Bank national accounts data, and OECD National Accounts data files.; Gap-filled total; Note: Data for OECD countries are based on ISIC, revision 4.

This statistic shows the gross domestic product (GDP) in Italy from 1987 to 2024 with projections up until 2030. GDP refers to the total market value of all goods and services that are produced within a country per year. It is an important indicator of the economic strength of a country. In 2024, the GDP in Italy was about 2.37 trillion U.S. dollars. See global GDP for a global comparison. Italy's economy After increasing significantly year-over-year, Italy’s gross domestic product (GDP) has gone through several fluctuations since the global economic crisis in 2008. The European Union’s third largest economy has experienced downturns, primarily due to inefficiency with regards to spending and incompetent leadership. When analyzing the country’s budget balance, which is essentially the overall difference between revenues and spending, Italy has posted a negative balance, or a state deficit, every year over the past decade. However, their budget balance has improved noticeably every year since 2009. Since the country spent more than they earned, national debt continued to rise every year, most notably between 2008 and 2009, and continued to do so going into 2014. Italy’s dependency on funding from other countries will lead to further debt, unless it finds a way to decrease spending or increase revenues. Despite the country’s ongoing recession, Italy’s GDP ranked the country in the top 10 countries with the largest gross domestic product in 2014, ahead of economically developed countries such as Canada and Australia. This implies that Italy’s economical struggles are more a result of inefficient spending rather than a lack of production.

In 2025, Luxembourg was the country with the highest gross domestic product per capita in the world. Of the 20 listed countries, 13 are in Europe and five are in Asia, alongside the U.S. and Australia. There are no African or Latin American countries among the top 20. Correlation with high living standards While GDP is a useful indicator for measuring the size or strength of an economy, GDP per capita is much more reflective of living standards. For example, when compared to life expectancy or indices such as the Human Development Index or the World Happiness Report, there is a strong overlap - 14 of the 20 countries on this list are also ranked among the 20 happiest countries in 2024, and all 20 have "very high" HDIs. Misleading metrics? GDP per capita figures, however, can be misleading, and to paint a fuller picture of a country's living standards then one must look at multiple metrics. GDP per capita figures can be skewed by inequalities in wealth distribution, and in countries such as those in the Middle East, a relatively large share of the population lives in poverty while a smaller number live affluent lifestyles.

Australia Unemployment Rate: 50-54 Years data was reported at 3.029 % in Mar 2025. This records a decrease from the previous number of 3.607 % for Feb 2025. Australia Unemployment Rate: 50-54 Years data is updated monthly, averaging 3.864 % from Feb 1978 (Median) to Mar 2025, with 566 observations. The data reached an all-time high of 8.337 % in Feb 1993 and a record low of 2.073 % in Nov 2023. Australia Unemployment Rate: 50-54 Years 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.G041: Unemployment Rate: by Age, Sex and Status.

The statistic shows the inflation rate in Australia from 1987 to 2023, with projections up until 2030. The inflation rate is calculated using the price increase of a defined product basket. This product basket contains products and services, on which the average consumer spends money throughout the year. They include expenses for groceries, clothes, rent, power, telecommunications, recreational activities and raw materials (e.g. gas, oil), as well as federal fees and taxes. In 2023, the average inflation rate in Australia was at about 5.62 percent compared to the previous year. Australia's economy Australia has one of the world’s largest economies and is a significant global importer and exporter. It is also labeled as one of the G20 countries, also known as the Group of Twenty, which consists of 20 major economies around the globe. The Australian economy is highly dependent on its mining sector as well as its agricultural sector in order to grow, and it exports the majority of these goods to eastern Asian countries, most prominently China. Large quantities of exports have helped Australia maintain a stable economy and furthered economic expansion, despite being affected by several economic obstacles. Australia’s GDP has seen a significant increase over the past decade, more than doubling its value, and experienced a rather quick recovery from the 2008 financial crisis, which indicates that the country experienced economic growth as well as higher productivity. One of the primary reasons is the further development of the nation’s mining industry coupled with the expansion and success of many Australian mining companies.

Australia Civilian Population: 15 Years & Over: Female: 50-54 Years data was reported at 856.865 Person th in Mar 2025. This records a decrease from the previous number of 856.905 Person th for Feb 2025. Australia Civilian Population: 15 Years & Over: Female: 50-54 Years data is updated monthly, averaging 643.738 Person th from Feb 1978 (Median) to Mar 2025, with 566 observations. The data reached an all-time high of 857.652 Person th in Jun 2024 and a record low of 358.031 Person th in Jun 1985. Australia Civilian Population: 15 Years & Over: Female: 50-54 Years 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.G001: Civilian Population: by Age, Sex and Status.

Key information about Australia Labour Productivity Growth

• Australia Labour Productivity improved by 0.43 % YoY in Jun 2025, compared with a drop of 0.78 % in the previous quarter
• Australia Labour Productivity Growth data is updated quarterly, available from Jun 1979 to Jun 2025, averaging at 3.54 %
• The data reached an all-time high of 6.25 % in Mar 1984 and a record low of -3.99 % in Jun 1986

CEIC calculates quarterly Labour Productivity Growth from quarterly Real GDP and monthly Employment. The Australian Bureau of Statistics provides Real GDP in local currency, at 2022-2023 prices and Employment. Employment excludes Foreign Nationals working within the country

O crescimento do PIB em todo o ano na Austrália caiu para 1,50% em 2023, em comparação com 3,10% em 2022. Esta página inclui um gráfico com dados históricos para o Crescimento do PIB da Austrália no Ano Completo.

Up until two decades ago, the steel industry in Australia was considered to be one of the strongest pillars of its economy. However, over the years, the industry has faced strong competition from overseas firms mainly in China, India and Japan, which have especially benefitted from the lower operational costs and worker wages. As a result domestic production has declined and employment levels within the sector have fallen nearly 26 percent between 2006-2015, as per the official data from the Australian Parliament House. Therefore, industry revenues are projected to decline from 10.9 billion U.S. dollars in 2011 to 6.8 billion U.S. dollars by 2023. In 2018, crude steel production in Australia amounted to 6.9 million tonnes, a 14 percent decline as compared to the previous year, as per data from wordsteel.org. In comparison, China was the global leader, with an annual production of 928 million tonnes, accounting for over 50 percent of the worldwide share. Unsurprisingly, it was also the leading steel exporter during the same period, with over 68 million metric tons of steel exported worldwide.

Overview \r The ABARES report presents estimates of the economic impact of a hypothetical outbreak of scrapie in Australia's sheep and goat population under three disease spread scenarios: • eradicable epidemic - an outbreak occurs and is successfully eradicated \r • managed spread - eradication is unsuccessful and spread is slowed by control measures \r • uncontrolled spread - without control measures in place, the disease spreads uncontrolled. \r \r ABARES also estimated the trade impacts that may result following an outbreak of scrapie. Due to uncertainty around the extent of export market disruptions, three export ban scenarios by China, Japan and the Republic of Korea were modelled - as these countries have been sensitive to outbreaks of notifiable livestock diseases in the past. \r \r The ABARES report indicates that Australia benefits significantly from remaining free of scrapie, and that in the event of an outbreak, it would also likely benefit from measures to eradicate the disease or control its spread. \r \r Key Issues \r Scrapie is a progressive neurodegenerative disease affecting sheep and goats. It belongs to the group of livestock diseases which includes mad cow disease (bovine spongiform encephalopathy or BSE) in cattle. Scrapie (unlike BSE) is not associated with any known human health risks. Australia is one of the few major sheep producing countries that is free of scrapie and only allows imports of live sheep or genetic material under strict conditions from selected countries. \r \r \tAustralia would benefit significantly from preventing the entry of scrapie, and from detecting it relatively early if it enters. If detected within 10 years of entry, efforts to eradicate the disease are likely to be both successful and cost effective. Eradication would likely be achieved an average of eight years after detection of the disease, but outbreaks could last up to 50 years. \r \r If detected early enough to be eradicable, modelled costs of controlling and eradicating scrapie-ncluding income losses from movement restrictions, were modest-estimated at an average of $4.7 million (in 2016 dollars). Most of the economic impact from an eradicable outbreak came from trade losses. \r • For example, if the outbreak led to a three-month ban on sheep meat by China and Japan, and a three-month ban on beef by Korea, the estimated trade losses would be $70 million over 10 years, of which $36 million would be lost by the beef industry. \r • A three-month ban on beef to Korea is based on existing agreed certification with Korea requiring Australian exporters to include an attestation that Australia is free of scrapie on export certificates for a range of beef and sheep meat products.. \r \r An eradication campaign is estimated to yield a benefit-cost ratio between 5:1 and 10:1, based on an assumed cost of $3 million to run epidemic control centres. \r \r If the disease was not detected in time to be eradicable, it would still be cost-effective for Australia to implement measures to slow the spread. ABARES estimated the cost of uncontrolled spread to be in excess of $406 million (in 2016 dollars), compared to the estimated $119 million to $150 million cost of slowing the spread.