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.

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.

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.

Monthly and long-term Australia economic indicators data: historical series and analyst forecasts curated by FocusEconomics.

Australia Claims on Other Sectors of The Domestic Economy: % of GDP data was reported at 172.392 % in 2018. This records a decrease from the previous number of 173.205 % for 2017. Australia Claims on Other Sectors of The Domestic Economy: % of GDP data is updated yearly, averaging 151.304 % from Dec 2001 (Median) to 2018, with 18 observations. The data reached an all-time high of 179.374 % in 2016 and a record low of 92.484 % in 2001. Australia Claims on Other Sectors of The Domestic Economy: % of GDP 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: Bank Loans. Claims on other sectors of the domestic economy (IFS line 52S or 32S) include gross credit from the financial system to households, nonprofit institutions serving households, nonfinancial corporations, state and local governments, and social security funds.;International Monetary Fund, International Financial Statistics and data files, and World Bank and OECD GDP estimates.;Weighted average;

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.

In 2020, the economic contribution of the tech sector in Australia totaled *** billion Australian dollars. The largest portion of this came from businesses in other sectors adopting technology. The size of the tech sector was forecast to increase to *** billion Australian dollars by 2030.

Graph and download economic data for Nominal Private Sector Final Consumption Expenditure for Australia (NCPNSAXDCAUQ) from Q3 1959 to Q1 2025 about Australia, sector, consumption expenditures, consumption, and private.

Actual value and historical data chart for Australia Claims On Other Sectors Of The Domestic Economy Annual Growth As Percent Of Broad Money

Graph and download economic data for Benchmarked Unit Labor Costs - Business Sector for Australia (DISCONTINUED) (ULQBBU08AUA657S) from 1985 to 2010 about unit labor cost, Australia, sector, business, and labor.

Loans to Private Sector in Australia increased to 1334.48 AUD Billion in October from 1321.27 AUD Billion in September of 2025. This dataset provides - Australia Loans to Private Sector - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Assets: Stock: Financial Assets: One Name Paper data was reported at 57,427.000 AUD mn in Dec 2024. This records a decrease from the previous number of 60,195.000 AUD mn for Sep 2024. Assets: Stock: Financial Assets: One Name Paper data is updated quarterly, averaging 3,970.000 AUD mn from Jun 1988 (Median) to Dec 2024, with 147 observations. The data reached an all-time high of 68,014.000 AUD mn in Dec 2023 and a record low of 299.000 AUD mn in Jun 1990. Assets: Stock: Financial Assets: One Name Paper 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.AB002: SNA08: SESCA08: Funds by Sector: Total Economy: Stock.

Australia Assets: Flow: Financial Assets data was reported at -123,537.000 AUD mn in Dec 2024. This records an increase from the previous number of -125,025.000 AUD mn for Sep 2024. Australia Assets: Flow: Financial Assets data is updated quarterly, averaging 4,000.000 AUD mn from Jun 1988 (Median) to Dec 2024, with 147 observations. The data reached an all-time high of 133,520.000 AUD mn in Mar 2022 and a record low of -146,953.000 AUD mn in Jun 2020. Australia Assets: Flow: Financial Assets 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.AB001: SNA08: SESCA08: Funds by Sector: Total Economy: Flow.

Moderate forecasts show Australia's plant-based meat sector could contribute as much as *** million Australian dollars to the economy in 2033. In the fiscal year 2023, the industry recorded an economic contribution of **** million Australian dollars, including both direct and indirect value added contributions.

Graph and download economic data for Weekly Earnings: Private Sector for Australia (LCEAPR02AUQ661S) from Q4 1983 to Q2 2018 about compensation, earnings, Australia, sector, and private.

Australia Assets: Flow: Financial Assets: Other Accounts Receivable data was reported at -2,209.000 AUD mn in Dec 2024. This records a decrease from the previous number of 25,193.000 AUD mn for Sep 2024. Australia Assets: Flow: Financial Assets: Other Accounts Receivable data is updated quarterly, averaging 1,232.000 AUD mn from Jun 1988 (Median) to Dec 2024, with 147 observations. The data reached an all-time high of 25,193.000 AUD mn in Sep 2024 and a record low of -9,166.000 AUD mn in Dec 2016. Australia Assets: Flow: Financial Assets: Other Accounts Receivable 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.AB001: SNA08: SESCA08: Funds by Sector: Total Economy: Flow.

Graph and download economic data for Benchmarked Value Added - Business Sector for Australia (DISCONTINUED) (ULQBBV08AUQ189N) from Q3 1974 to Q3 2011 about unit labor cost, value added, Australia, sector, business, and labor.

Australia Liabilities: Flow: Financial Liabilities: Other Accounts Receivable data was reported at -12,934.000 AUD mn in Dec 2024. This records a decrease from the previous number of -2,268.000 AUD mn for Sep 2024. Australia Liabilities: Flow: Financial Liabilities: Other Accounts Receivable data is updated quarterly, averaging 394.000 AUD mn from Jun 1988 (Median) to Dec 2024, with 147 observations. The data reached an all-time high of 24,344.000 AUD mn in Mar 2020 and a record low of -13,278.000 AUD mn in Dec 2021. Australia Liabilities: Flow: Financial Liabilities: Other Accounts Receivable 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.AB001: SNA08: SESCA08: Funds by Sector: Total Economy: Flow.

Graph and download economic data for Benchmarked Unit Labor Costs - Business Sector for Australia (DISCONTINUED) (ULQBBU08AUQ662N) from Q3 1970 to Q3 2011 about unit labor cost, Australia, sector, business, and labor.

Australia Assets: Flow: Financial Assets: Currency data was reported at 0.000 AUD mn in Dec 2024. This stayed constant from the previous number of 0.000 AUD mn for Sep 2024. Australia Assets: Flow: Financial Assets: Currency data is updated quarterly, averaging 0.000 AUD mn from Jun 1988 (Median) to Dec 2024, with 147 observations. The data reached an all-time high of 0.000 AUD mn in Dec 2024 and a record low of 0.000 AUD mn in Dec 2024. Australia Assets: Flow: Financial Assets: Currency 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.AB001: SNA08: SESCA08: Funds by Sector: Total Economy: Flow.