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 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 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.

Exports in Australia decreased to 41858 AUD Million in August from 45410 AUD Million in July of 2025. This dataset provides the latest reported value for - Australia Exports - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Australia's total Exports in 2024 were valued at US$340.85 Billion, according to the United Nations COMTRADE database on international trade. Australia's main export partners were: China, Japan and South Korea. The top three export commodities were: Mineral fuels, oils, distillation products; Ores slag and ash and Pearls, precious stones, metals, coins. Total Imports were valued at US$296.48 Billion. In 2024, Australia had a trade surplus of US$44.37 Billion.

This statistic shows the share of ethnic groups in Australia in the total population. 33 percent of the total population of Australia are english. Australia’s population Australia’s ethnic diversity can be attributed to their history and location. The country’s colonization from Europeans is a significant reason for the majority of its population being Caucasian. Additionally, being that Australia is one of the most developed countries closest to Eastern Asia; its Asian population comes as no surprise. Australia is one of the world’s most developed countries, often earning recognition as one of the world’s economical leaders. With a more recent economic boom, Australia has become an attractive country for students and workers alike, who seek an opportunity to improve their lifestyle. Over the past decade, Australia’s population has slowly increased and is expected to continue to do so over the next several years. A beautiful landscape, many work opportunities and a high quality of life helped play a role in the country’s development. In 2011, Australia was considered to have one of the highest life expectancies in the world, with the average Australian living to approximately 82 years of age. From an employment standpoint, Australia has maintained a rather low employment rate compared to many other developed countries. After experiencing a significant jump in unemployment in 2009, primarily due to the world economic crisis, Australia has been able to remain stable and slightly increase employment year-over-year.