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.

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.

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 average for 2025 based on 10 countries was 63 index points. The highest value was in Australia: 79 index points and the lowest value was in Kiribati: 51 index points. The indicator is available from 1995 to 2025. Below is a chart for all countries where data are available.

The statistic shows the growth rate of Australia’s real GDP from 2020 to 2024, with projections up until 2030. In 2024, GDP in Australia grew by about 1.04 percent on the previous year.The recession-proof land down underGDP is one of the primary indicators used to gauge the state and health of a country’s economy. It is the total market value of all final goods and services that have been produced within a country in a given period of time, usually a year. GDP figures allow us to understand a country’s economy in a clear way. Real GDP, in a similar vein, is also a very useful indicator; this is a measurement that takes prices changes (inflation and deflation) into account, therefore acting as a key indicator for economic growth.The gross domestic product (GDP) growth rate in Australia has, for sometime, been able to get a steady foothold in the somewhat shaky post-recession world, shaky, but far from catastrophic. The annual growth rate between the 2008 and 2009 financial years, for example, a time at which the world was brought to its proverbial knees, saw growth rates down under reach to 2.49 and 1.37 percent respectively on the previous years, whereas the GDP growth rate in the United States plummeted well into the minus zone. Australia, like all other capitalist nations, is at the mercy of international markets, and when the world economy takes a hit, it would be foolish to suggest it could emerge fully unscathed. However, Australia has earned some much deserved praise and attention owing to the fact that it has managed to remain recession-free for the past twenty years. This could be thanks to its abundance of raw materials, the Australian mining boom, the fact the recession came at a time of high commodity prices and, maybe most importantly, that just under a third of its exports go to China.

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.

The average for 2024 based on 9 countries was 3.46 percent. The highest value was in Samoa: 9.42 percent and the lowest value was in New Zealand: -0.13 percent. The indicator is available from 1961 to 2024. Below is a chart for all countries where data are available.

The average for 2024 based on 9 countries was 15507.22 U.S. dollars. The highest value was in Australia: 64407.48 U.S. dollars and the lowest value was in the Solomon Islands: 2149.38 U.S. dollars. The indicator is available from 1960 to 2024. Below is a chart for all countries where data are available.

The gross domestic product (GDP) per capita in Australia amounted to 65,530 U.S. dollars in 2024. Between 1980 and 2024, the GDP per capita rose by 54,520 U.S. dollars, though the increase followed an uneven trajectory rather than a consistent upward trend. The GDP per capita will steadily rise by 13,730 U.S. dollars over the period from 2024 to 2030, reflecting a clear upward trend.This indicator describes the gross domestic product per capita at current prices. Thereby, the gross domestic product was first converted from national currency to U.S. dollars at current exchange rates and then divided by the total population. The gross domestic product is a measure of a country's productivity. It refers to the total value of goods and service produced during a given time period (here a year).

Australia is ranked 14 among 190 economies in the ease of doing business, according to the latest World Bank annual ratings. The rank of Australia improved to 14 in 2019 from 18 in 2018. This dataset includes a chart with historical data for Ease of Doing Business in Australia.

In financial year 2019, Sydney accounted for the largest share of GDP of any other city or region in Australia, with a value estimated to be over *** billion U.S. dollars. Australia's second largest city, Melbourne, also contributed the second largest share of GDP.

Government Effectiveness: Percentile Rank in Australia was reported at 93.87 % in 2023, according to the World Bank collection of development indicators, compiled from officially recognized sources. Australia - Government Effectiveness: Percentile Rank - actual values, historical data, forecasts and projections were sourced from the World Bank on October of 2025.

Key information about Australia Government Debt: % of GDP

• Australia Government debt accounted for 38.4 % of the country's Nominal GDP in Jun 2024, compared with the ratio of 38.1 % in the previous year.
• Australia government debt to GDP ratio data is updated yearly, available from Jun 1999 to Jun 2024.
• The data reached an all-time high of 582,357.7 % in Oct 2025 and a record low of 43,390.8 % in Jul 1997.

*This indicator will be no longer available from March 2026, 4th onwards. CEIC has a plan to remove the non-standard frequency indicator after the standard frequency indicator has been added and be available on this table. CEIC calculates Government Debt as % of Nominal GDP from annual Government Debt and quarterly Nominal GDP. Government Debt is calculated as the sum of General Government Currency & Deposits, Advances and Debt Securities. The Australian Bureau of Statistics provides Government Debt in local currency based on SNA 2008 and Nominal GDP in local currency. Government Debt prior to 2009 is based on SNA 2008 GFMS 2001. Government Debt prior to 2000 is based on SNA 1993. Government Debt as % of Nominal GDP is in annual frequency, ending in June of each year.


Related information about Australia Government Debt: % of GDP

• In the latest reports, Australia National Government Debt reached 686.0 USD bn in Jun 2024.
• The country's Nominal GDP reached 451.4 USD bn in Jun 2025.

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.

Data on the top universities for Business and Economics in 2025, including disciplines such as Accounting and Finance, Business Management, and Economics.

Australia is the 10 least corrupt nation out of 180 countries, according to the 2024 Corruption Perceptions Index reported by Transparency International. This dataset provides the latest reported value for - Australia Corruption Rank - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Australia GOI: Weighted Rank data was reported at 11.000 NA in 2019. This records a decrease from the previous number of 13.000 NA for 2018. Australia GOI: Weighted Rank data is updated yearly, averaging 13.000 NA from Dec 2017 (Median) to 2019, with 3 observations. The data reached an all-time high of 14.000 NA in 2017 and a record low of 11.000 NA in 2019. Australia GOI: Weighted Rank data remains active status in CEIC and is reported by Milken Institute. The data is categorized under Global Database’s Australia – Table AU.Milken: Global Oportunity Index.

In 2021, Macao had the highest estimated gross domestic product (GDP) growth with **** percent, followed by the Maldives with an estimated GDP growth of **** percent. Many economies were forecasted to have seen a decline in GDP in 2021, possibly due to COVID-19, reaching up to *** percent in Myanmar. Nevertheless, almost economies were forecasted to recover in 2022 and 2023.

The economic state in Asia

In 2020, China led the Asia Pacific region in terms of GDP with approximately **** trillion U.S. dollars, followed by India, South Korea, and Australia. In comparison, the GDP value for emerging and developing Asia was at aproximately **** trillion international dollars in that year. In terms of GDP per capita, Singapore ranked the highest with approximately **** U.S. dollars, followed by Australia with a per capita GDP of around **** U.S. dollars.

Higher GDP growth for developing Asia Pacific countries

For 2022 and 2023, it was forecasted that Macao and the Maldives would have the highest GDP growth. Overall, Afghanistan had the highest predicted rise in GDP growth from 2021 to 2023. South Asia, Southeast Asia, and Southwest Asia were forecasted to be leading the region’s economic growth with comparably higher GDP growth rates. Developed countries including Australia, New Zealand and Japan were projected to have stagnant GDP growth.

Time series data for the statistic Foreign_Direct_Investment_Net_Inflows_$ and country Australia. Indicator Definition:Foreign direct investment refers to direct investment equity flows in the reporting economy. It is the sum of equity capital, reinvestment of earnings, and other capital. Direct investment is a category of cross-border investment associated with a resident in one economy having control or a significant degree of influence on the management of an enterprise that is resident in another economy. Ownership of 10 percent or more of the ordinary shares of voting stock is the criterion for determining the existence of a direct investment relationship. Data are in current U.S. dollars.The statistic "Foreign Direct Investment Net Inflows $" stands at 54,187,965,386.71 Australian Dollars as of 12/31/2024. Regarding the One-Year-Change of the series, the current value constitutes an increase of 21,055,797,840.82 Australian Dollars compared to the value the year prior.The 1 year change is 21,055,797,840.82 Australian Dollars.The 3 year change is 22,669,017,293.99 Australian Dollars.The 5 year change is 15,442,835,725.59 Australian Dollars.The 10 year change is -9,016,550,961.16 Australian Dollars.The Serie's long term average value is 19,057,744,452.65 Australian Dollars. It's latest available value, on 12/31/2024, is 35,130,220,934.06 Australian Dollars higher, compared to it's long term average value.The Serie's change in Australian Dollars from it's minimum value, on 12/31/2005, to it's latest available value, on 12/31/2024, is +79,281,106,821.90 .The Serie's change in Australian Dollars from it's maximum value, on 12/31/2022, to it's latest available value, on 12/31/2024, is -16,177,016,730.31 .

Time series data for the statistic Consolidated foreign claims of BIS reporting banks to GDP (%) and country Australia. Indicator Definition:The ratio of consolidated foreign claims to GDP of the banks that are reporting to BIS. Foreign claims are defined as the sum of cross-border claims plus foreign offices’ local claims in all currencies. In the consolidated banking statistics claims that are granted or extended to nonresidents are referred to as either cross-border claims. In the context of the consolidated banking statistics, local claims refer to claims of domestic banks’ foreign affiliates (branches/subsidiaries) on the residents of the host country (i.e. country of residence of affiliates). Items (A+L from BIS Table 9A). End-of-year data (i.e. December data) are considered for banks claims. GDP is from World Development Indicators.The indicator "Consolidated foreign claims of BIS reporting banks to GDP (%)" stands at 49.69 as of 12/31/2020, the highest value since 12/31/2011. Regarding the One-Year-Change of the series, the current value constitutes an increase of 24.53 percent compared to the value the year prior.The 1 year change in percent is 24.53.The 3 year change in percent is 27.47.The 5 year change in percent is 52.73.The 10 year change in percent is -1.43.The Serie's long term average value is 36.45. It's latest available value, on 12/31/2020, is 36.34 percent higher, compared to it's long term average value.The Serie's change in percent from it's minimum value, on 12/31/1983, to it's latest available value, on 12/31/2020, is +217.58%.The Serie's change in percent from it's maximum value, on 12/31/2007, to it's latest available value, on 12/31/2020, is -29.69%.