In 2024, the share of the global gross domestic product (GDP) adjusted for purchasing power parity (PPP) in Australia was approximately 0.97 percent. Between 1980 and 2024, the figure dropped by around 0.18 percentage points, though the decline followed an uneven course rather than a steady trajectory. The share is forecast to decline by about 0.05 percentage points from 2024 to 2030, fluctuating as it trends downward.This indicator describes the share of a country's gross domestic product in the global gross domestic product. To this end the GDP (indicating the total value of final goods and services produced during a year) has been adjusted for purchasing power parity and set in relation to the purchasing power adjusted global GDP value.

Australia: Percent of world GDP: The latest value from 2023 is 1.64 percent, a decline from 1.67 percent in 2022. In comparison, the world average is 0.53 percent, based on data from 188 countries. Historically, the average for Australia from 1980 to 2023 is 1.49 percent. The minimum value, 1.14 percent, was reached in 1987 while the maximum of 2.06 percent was recorded in 2012.

Between 1820 and 1913, Asia's share of global GDP fell from 58 percent to just 27 percent. Although Asia's overall GDP grew throughout the given period, the rapid industrialization observed across Europe, North America, Australia, and New Zealand saw their combined share increase from 35 percent to 67 percent, which offset Asia's growth. In particular, the combined share of North America, Australia, and New Zealand grew over ten times larger in this period, from two percent in 1820 to 21 percent in 1913.

The average for 2023 based on 7 countries was 27.04 percent. The highest value was in Fiji: 56.97 percent and the lowest value was in Kiribati: 5.92 percent. The indicator is available from 1960 to 2024. Below is a chart for all countries where data are available.

Australia GDP: % of GDP: Exports of Goods and Services data was reported at 26.799 % in 2023. This records an increase from the previous number of 25.532 % for 2022. Australia GDP: % of GDP: Exports of Goods and Services data is updated yearly, averaging 16.535 % from Dec 1960 (Median) to 2023, with 64 observations. The data reached an all-time high of 26.799 % in 2023 and a record low of 11.934 % in 1969. Australia GDP: % of GDP: Exports of Goods and 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. Exports of goods and services represent the value of all goods and other market services provided to the rest of the world. They include the value of merchandise, freight, insurance, transport, travel, royalties, license fees, and other services, such as communication, construction, financial, information, business, personal, and government services. They exclude compensation of employees and investment income (formerly called factor services) and transfer payments.;World Bank national accounts data, and OECD National Accounts data files.;Weighted average;

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: % of Manufacturing: Medium and High Tech Industry data was reported at 29.126 % in 2022. This records an increase from the previous number of 28.854 % for 2021. Australia GDP: % of Manufacturing: Medium and High Tech Industry data is updated yearly, averaging 26.359 % from Dec 1990 (Median) to 2022, with 33 observations. The data reached an all-time high of 29.126 % in 2022 and a record low of 21.002 % in 1992. Australia GDP: % of Manufacturing: Medium and High Tech Industry 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. The proportion of medium and high-tech industry value added in total value added of manufacturing;United Nations Industrial Development Organization (UNIDO), Competitive Industrial Performance (CIP) database;;

Graph and download economic data for Stock Market Capitalization to GDP for Australia (DDDM01AUA156NWDB) from 1979 to 2020 about market cap, Australia, stock market, capital, and GDP.

The average for 2022 based on 7 countries was -3.72 percent. The highest value was in Samoa: 5.37 percent and the lowest value was in Kiribati: -13.12 percent. The indicator is available from 1960 to 2024. Below is a chart for all countries where data are available.

Key information about Australia Exports: % of GDP

• Australia Exports: % of GDP was reported at 27.346 % in Dec 2022.
• This records an increase from the previous number of 23.712 % for Dec 2021.
• Australia Exports: % of GDP data is updated yearly, averaging 20.664 % from Dec 2001 to 2022, with 22 observations.
• The data reached an all-time high of 27.346 % in 2022 and a record low of 17.400 % in 2003.
• Australia Exports: % of GDP data remains active status in CEIC and is reported by International Monetary Fund.
• The data is categorized under Global Database’s Australia – Table AU.IMF: Contribution to GDP.

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.

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.

The average for 2020 based on 6 countries was 4.56 percent. The highest value was in Tonga: 9.6 percent and the lowest value was in the Solomon Islands: 0.46 percent. The indicator is available from 1995 to 2020. Below is a chart for all countries where data are available.

Australia GDP: % of Manufacturing: Food, Beverages and Tobacco data was reported at 23.010 % in 2022. This records a decrease from the previous number of 25.477 % for 2021. Australia GDP: % of Manufacturing: Food, Beverages and Tobacco data is updated yearly, averaging 18.406 % from Dec 1963 (Median) to 2022, with 34 observations. The data reached an all-time high of 27.037 % in 2014 and a record low of 13.908 % in 1968. Australia GDP: % of Manufacturing: Food, Beverages and Tobacco 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. Value added in manufacturing is the sum of gross output less the value of intermediate inputs used in production for industries classified in ISIC major division D. Food, beverages, and tobacco correspond to ISIC divisions 15 and 16.;United Nations Industrial Development Organization, International Yearbook of Industrial Statistics.;;

The average for 2024 based on 4 countries was -38.17 percent. The highest value was in Australia: 2.1 percent and the lowest value was in Kiribati: -88.61 percent. The indicator is available from 1960 to 2024. Below is a chart for all countries where data are available.

Graph and download economic data for Investment Share of Purchasing Power Parity Converted GDP Per Capita at current prices for Australia (CIPPPGAUA156NUPN) from 1950 to 2010 about PPP, Australia, investment, per capita, and GDP.

In 1870, the GDP of the U.S., Canada, Australia, and New Zealand was eight times larger than in 1820, and by 1913 it was almost 42 times larger. Although Europe had the largest share of global GDP in 1913, it had only grown by 5.4 times since 1820. GDP in the Asia-Pacific region did not double over this period, as it was not until the latter half of the twentieth century when industrialization began on a large scale.

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.

Exports of goods and services (% of GDP) in Australia was reported at 24.71 % in 2024, according to the World Bank collection of development indicators, compiled from officially recognized sources. Australia - Exports of goods and services (% of GDP) - actual values, historical data, forecasts and projections were sourced from the World Bank on October of 2025.

Australia GDP: % of Manufacturing: Machinery and Transport Equipment data was reported at 19.717 % in 2022. This records a decrease from the previous number of 20.030 % for 2021. Australia GDP: % of Manufacturing: Machinery and Transport Equipment data is updated yearly, averaging 18.487 % from Dec 1963 (Median) to 2022, with 34 observations. The data reached an all-time high of 20.052 % in 2009 and a record low of 16.713 % in 2015. Australia GDP: % of Manufacturing: Machinery and Transport Equipment 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. Value added in manufacturing is the sum of gross output less the value of intermediate inputs used in production for industries classified in ISIC major division D. Machinery and transport equipment correspond to ISIC divisions 29, 30, 32, 34, and 35.;United Nations Industrial Development Organization, International Yearbook of Industrial Statistics.;;