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: 2017-18p: Trend: Exports of Goods & Services data was reported at 107,394.000 AUD mn in Sep 2019. This records an increase from the previous number of 106,291.000 AUD mn for Jun 2019. Australia GDP: 2017-18p: Trend: Exports of Goods & Services data is updated quarterly, averaging 23,093.000 AUD mn from Sep 1959 (Median) to Sep 2019, with 241 observations. The data reached an all-time high of 107,394.000 AUD mn in Sep 2019 and a record low of 4,158.000 AUD mn in Sep 1960. Australia GDP: 2017-18p: Trend: Exports of Goods & Services 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.A015: SNA08: Gross Domestic Product: by Expenditure: Chain Linked: 2017-18 Price: Trend.

Australia GDP: 2017-18p: Gross Fixed Capital Formation: Public General Government data was reported at 15,990.000 AUD mn in Sep 2019. This records a decrease from the previous number of 22,206.000 AUD mn for Jun 2019. Australia GDP: 2017-18p: Gross Fixed Capital Formation: Public General Government data is updated quarterly, averaging 4,280.000 AUD mn from Sep 1959 (Median) to Sep 2019, with 241 observations. The data reached an all-time high of 22,294.000 AUD mn in Jun 2017 and a record low of 1,102.000 AUD mn in Sep 1959. Australia GDP: 2017-18p: Gross Fixed Capital Formation: Public General Government 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.A004: SNA08: Gross Domestic Product: by Expenditure: Chain Linked: 2017-18 Price.

The Australian fisheries economic indicators report expands on and takes the place of the long running ABARES Australian fisheries surveys report. The report presents results from ABARES' fishery surveys on financial returns to fishers and net economic returns from fisheries to the Australian community. The report includes a range of other economic indicators, including productivity analysis.

This report covers the Eastern Tuna and Billfish Fishery (ETBF), with new survey results for the 2013-14 and 2014-15 financial years and non-survey based estimates of net economic return for the 2015-16 and 2016-17 financial years.

Key issues
• Financial performance of the average vessel ETBF operator improved between 2013-14 and 2014-15. Profit at full equity increased significantly in 2014-15 which was the result of total cash receipts increasing proportionately higher than total cash costs. • Economic performance of the ETBF improved in 2014-15. Net economic return (NER) was negative in the ETBF in 2013-14, but increased significantly in 2014-15. This was driven by fishing income increasing at a greater rate than fishing costs and was supported by an improvement in the fisher's terms of trade and an increase in total factor productivity in that year. • Preliminary non-survey based estimates indicate that NER remained positive for the ETBF for the 2015-16 and 2016-17 financial years.

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.

GDP: 2017-18p: Gross Fixed Capital Formation: Private data was reported at 85,608.000 AUD mn in Sep 2019. This records a decrease from the previous number of 88,143.000 AUD mn for Jun 2019. GDP: 2017-18p: Gross Fixed Capital Formation: Private data is updated quarterly, averaging 26,443.000 AUD mn from Sep 1959 (Median) to Sep 2019, with 241 observations. The data reached an all-time high of 101,927.000 AUD mn in Jun 2013 and a record low of 6,861.000 AUD mn in Sep 1959. GDP: 2017-18p: Gross Fixed Capital Formation: Private 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.A004: SNA08: Gross Domestic Product: by Expenditure: Chain Linked: 2017-18 Price.

This statistic depicts the export income from international education activity in Australia in 2017, by state or territory. In this year, international students living and studying in the state of New South Wales contributed around **** billion Australian dollars to the Australian economy.

Australia GDP: 2017-18p: sa: Contribution to Growth: Imports of Goods & Services data was reported at 0.100 Index Point in Sep 2019. This records a decrease from the previous number of 0.200 Index Point for Jun 2019. Australia GDP: 2017-18p: sa: Contribution to Growth: Imports of Goods & Services data is updated quarterly, averaging -0.300 Index Point from Sep 1960 (Median) to Sep 2019, with 237 observations. The data reached an all-time high of 2.000 Index Point in Mar 1975 and a record low of -2.100 Index Point in Dec 1988. Australia GDP: 2017-18p: sa: Contribution to Growth: Imports of Goods & Services 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.A037: SNA08: Gross Domestic Product: by Expenditure: Chain Linked: 2017-18 Price: Seasonally Adjusted: Contribution to Growth.

Australia GDP per Capita: Chain Volume: 2017-18p: sa data was reported at 17,371.000 AUD in Jun 2020. This records a decrease from the previous number of 18,715.000 AUD for Mar 2020. Australia GDP per Capita: Chain Volume: 2017-18p: sa data is updated quarterly, averaging 13,119.000 AUD from Sep 1973 (Median) to Jun 2020, with 188 observations. The data reached an all-time high of 18,826.000 AUD in Dec 2019 and a record low of 8,865.000 AUD in Jun 1974. Australia GDP per Capita: Chain Volume: 2017-18p: sa 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.A170: SNA08: Gross Domestic Product per Capita.

Australia Ref. Year = 2017-18: Gross Domestic Product (GDP): Volume data was reported at 1,950.514 AUD bn in 2022. This records an increase from the previous number of 1,892.627 AUD bn for 2021. Australia Ref. Year = 2017-18: Gross Domestic Product (GDP): Volume data is updated yearly, averaging 799.437 AUD bn from Dec 1960 (Median) to 2022, with 63 observations. The data reached an all-time high of 1,950.514 AUD bn in 2022 and a record low of 264.582 AUD bn in 1960. Australia Ref. Year = 2017-18: Gross Domestic Product (GDP): 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 by Expenditure: Volume: Forecast: OECD Member: Annual. GDPV - Gross domestic product, volume Expenditure approach

GDP: 2017-18p: Gross Fixed Capital Formation: Public Public Corporations data was reported at 5,356.000 AUD mn in Sep 2019. This records a decrease from the previous number of 6,424.000 AUD mn for Jun 2019. GDP: 2017-18p: Gross Fixed Capital Formation: Public Public Corporations data is updated quarterly, averaging 4,216.000 AUD mn from Sep 1959 (Median) to Sep 2019, with 241 observations. The data reached an all-time high of 11,063.000 AUD mn in Dec 2012 and a record low of -867.000 AUD mn in Mar 1998. GDP: 2017-18p: Gross Fixed Capital Formation: Public Public Corporations 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.A004: SNA08: Gross Domestic Product: by Expenditure: Chain Linked: 2017-18 Price.

Australia GDP: 2017-18p: Trend: Domestic Final Demand data was reported at 470,620.000 AUD mn in Sep 2019. This records an increase from the previous number of 469,340.000 AUD mn for Jun 2019. Australia GDP: 2017-18p: Trend: Domestic Final Demand data is updated quarterly, averaging 179,794.000 AUD mn from Sep 1959 (Median) to Sep 2019, with 241 observations. The data reached an all-time high of 470,620.000 AUD mn in Sep 2019 and a record low of 53,779.000 AUD mn in Sep 1959. Australia GDP: 2017-18p: Trend: Domestic Final Demand 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.A015: SNA08: Gross Domestic Product: by Expenditure: Chain Linked: 2017-18 Price: Trend.

GDP: 2017-18p: sa: Contribution to Growth: Gross Fixed Capital Formation: Private: Machinery & Equipment: Net Purchase of Second Hand Assets data was reported at 0.000 Index Point in Sep 2019. This stayed constant from the previous number of 0.000 Index Point for Jun 2019. GDP: 2017-18p: sa: Contribution to Growth: Gross Fixed Capital Formation: Private: Machinery & Equipment: Net Purchase of Second Hand Assets data is updated quarterly, averaging 0.000 Index Point from Sep 1986 (Median) to Sep 2019, with 133 observations. The data reached an all-time high of 0.300 Index Point in Jun 1997 and a record low of -0.200 Index Point in Sep 2000. GDP: 2017-18p: sa: Contribution to Growth: Gross Fixed Capital Formation: Private: Machinery & Equipment: Net Purchase of Second Hand 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.A037: SNA08: Gross Domestic Product: by Expenditure: Chain Linked: 2017-18 Price: Seasonally Adjusted: Contribution to Growth.

Australia GDP: 2017-18p: FCE: New South Wales: Total data was reported at 149,770.000 AUD mn in Sep 2019. This records a decrease from the previous number of 155,593.000 AUD mn for Jun 2019. Australia GDP: 2017-18p: FCE: New South Wales: Total data is updated quarterly, averaging 93,585.000 AUD mn from Sep 1985 (Median) to Sep 2019, with 137 observations. The data reached an all-time high of 155,720.000 AUD mn in Dec 2018 and a record low of 50,832.000 AUD mn in Mar 1986. Australia GDP: 2017-18p: 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.A050: SNA08: Gross Domestic Product: Final Consumption Expenditure: by State: Chain Linked: 2017-18 Price.

Australia GDP: 2017-18p: FCE: sa: New South Wales: General Government data was reported at 26,861.000 AUD mn in Sep 2019. This records an increase from the previous number of 26,230.000 AUD mn for Jun 2019. Australia GDP: 2017-18p: FCE: sa: New South Wales: General Government data is updated quarterly, averaging 16,927.000 AUD mn from Sep 1985 (Median) to Sep 2019, with 137 observations. The data reached an all-time high of 26,861.000 AUD mn in Sep 2019 and a record low of 9,878.000 AUD mn in Sep 1985. Australia GDP: 2017-18p: FCE: sa: New South Wales: General Government 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.A050: SNA08: Gross Domestic Product: Final Consumption Expenditure: by State: Chain Linked: 2017-18 Price.

Australia GDP: 2017-18p: FCE: Trend: Victoria: QoQ: Households data was reported at 0.200 % in Sep 2019. This records a decrease from the previous number of 0.300 % for Jun 2019. Australia GDP: 2017-18p: FCE: Trend: Victoria: QoQ: Households data is updated quarterly, averaging 0.800 % from Dec 1985 (Median) to Sep 2019, with 136 observations. The data reached an all-time high of 2.100 % in Sep 1998 and a record low of -1.000 % in Sep 1990. Australia GDP: 2017-18p: FCE: Trend: Victoria: QoQ: Households 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.A061: SNA08: Gross Domestic Product: Final Consumption Expenditure: by State: Chain Linked: 2017-18 Price: QoQ.

Australia GDP: 2017-18p: sa: Gross Fixed Capital Formation: Public: General Government: National data was reported at 5,072.000 AUD mn in Sep 2019. This records an increase from the previous number of 4,824.000 AUD mn for Jun 2019. Australia GDP: 2017-18p: sa: Gross Fixed Capital Formation: Public: General Government: National data is updated quarterly, averaging 1,111.000 AUD mn from Sep 1959 (Median) to Sep 2019, with 241 observations. The data reached an all-time high of 5,521.000 AUD mn in Jun 2012 and a record low of 209.000 AUD mn in Sep 1959. Australia GDP: 2017-18p: sa: Gross Fixed Capital Formation: Public: General Government: National 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.A026: SNA08: Gross Domestic Product: by Expenditure: Chain Linked: 2017-18 Price: Seasonally Adjusted.

Australia GDP: 2017-18p: FCE: sa: Victoria: QoQ: Gross Fixed Capital Formation: Private data was reported at 4.100 % in Sep 2019. This records an increase from the previous number of -4.200 % for Jun 2019. Australia GDP: 2017-18p: FCE: sa: Victoria: QoQ: Gross Fixed Capital Formation: Private data is updated quarterly, averaging 1.200 % from Dec 1985 (Median) to Sep 2019, with 136 observations. The data reached an all-time high of 29.700 % in Mar 2013 and a record low of -25.700 % in Dec 2012. Australia GDP: 2017-18p: FCE: sa: Victoria: QoQ: Gross Fixed Capital Formation: Private 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.A061: SNA08: Gross Domestic Product: Final Consumption Expenditure: by State: Chain Linked: 2017-18 Price: QoQ.

Australia GDP: 2017-18p: Trend: Gross Fixed Capital Formation: Public: General Government data was reported at 18,404.000 AUD mn in Sep 2019. This records an increase from the previous number of 18,234.000 AUD mn for Jun 2019. Australia GDP: 2017-18p: Trend: Gross Fixed Capital Formation: Public: General Government data is updated quarterly, averaging 4,417.000 AUD mn from Sep 1959 (Median) to Sep 2019, with 241 observations. The data reached an all-time high of 18,404.000 AUD mn in Sep 2019 and a record low of 1,363.000 AUD mn in Sep 1959. Australia GDP: 2017-18p: Trend: Gross Fixed Capital Formation: Public: General Government 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.A015: SNA08: Gross Domestic Product: by Expenditure: Chain Linked: 2017-18 Price: Trend.

Australia GDP: 2017-18p: FCE: sa: New South Wales: Households data was reported at 89,948.000 AUD mn in Sep 2019. This records an increase from the previous number of 89,790.000 AUD mn for Jun 2019. Australia GDP: 2017-18p: FCE: sa: New South Wales: Households data is updated quarterly, averaging 57,114.000 AUD mn from Sep 1985 (Median) to Sep 2019, with 137 observations. The data reached an all-time high of 89,948.000 AUD mn in Sep 2019 and a record low of 34,155.000 AUD mn in Mar 1986. Australia GDP: 2017-18p: FCE: sa: New South Wales: Households 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.A050: SNA08: Gross Domestic Product: Final Consumption Expenditure: by State: Chain Linked: 2017-18 Price.