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.

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.

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's tourism gross domestic product (GDP) bounced back strong in 2023, recording an increase of 90.8 percent. In 2024, the country's tourism GDP increased by around 9.1 percent. After witnessing a significant decline in tourism GDP in 2020 and 2021, with tourism GDP taking a massive plunge of 36.2 percent in 2021 as a result of the coronavirus outbreak, the industry appears to be on the road to recovery. Economic contribution and employment trends Australia's tourism sector recovery is reflected in its substantial economic contribution in 2024. In the year ending June 2024, Australia's direct tourism GDP rose to approximately 75 billion Australian dollars. New South Wales continued to be a key player in the industry, with its tourism gross value added (GVA) reaching about 20 billion Australian dollars. The state also led in employment, with around 195,000 people directly employed in the tourism sector. These figures underscore the tourism industry's significance in driving economic growth and job creation across the country. International visitors fuel industry recovery The revival of Australia's tourism sector is closely tied to the return of international tourists. In 2024, the country welcomed over 7.3 million international visitor arrivals, a significant increase from the mere 140,000 visitors recorded during the height of pandemic restrictions in 2021. New Zealand residents led the way, with over 1.2 million visitors, followed by tourists from China numbering just below 750,000. This influx of international travelers contributed substantially to the Australian economy in 2024, with total trip expenditure reaching approximately 47.8 billion Australian dollars, surpassing pre-pandemic levels for the first time.

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

Australia: Domestic credit to the private sector, percent of GDP: The latest value from 2020 is 142.29 percent, an increase from 136.29 percent in 2019. In comparison, the world average is 61.27 percent, based on data from 151 countries. Historically, the average for Australia from 1960 to 2020 is 66.47 percent. The minimum value, 17.63 percent, was reached in 1961 while the maximum of 142.68 percent was recorded in 2016.

IBISWorld has outlined key AU industries that are set to fly and fall by 2030. Several new industries feature among the Australian economy’s risers and fallers.

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.

Graph and download economic data for Total Credit to Private Non-Financial Sector, Adjusted for Breaks, for Australia (QAUPAM770A) from Q2 1960 to Q1 2025 about adjusted, Australia, credits, nonfinancial, sector, and private.

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.

Domestic credit to private sector (% of GDP) in Australia was reported at 130 % in 2024, according to the World Bank collection of development indicators, compiled from officially recognized sources. Australia - Domestic credit to private sector (% of GDP) - actual values, historical data, forecasts and projections were sourced from the World Bank on November of 2025.

Australia: Bank credit to the private sector as percent of GDP: The latest value from 2024 is 129.67 percent, an increase from 127.43 percent in 2023. In comparison, the world average is 51.87 percent, based on data from 130 countries. Historically, the average for Australia from 1960 to 2024 is 70.36 percent. The minimum value, 17.25 percent, was reached in 1961 while the maximum of 142.66 percent was recorded in 2016.

Actual value and historical data chart for Australia Gross Fixed Capital Formation Private Sector Percent Of GDP

Graph and download economic data for Total Credit to Private Non-Financial Sector, Adjusted for Breaks, for Australia (CRDQAUAPABIS) from Q4 1953 to Q1 2025 about adjusted, Australia, credits, nonfinancial, sector, and private.

The tourism sector GDP share in Australia was forecast to increase between 2023 and 2028 by in total *** percentage points. This overall increase does not happen continuously, notably not in 2026 and 2027. The share is estimated to amount to ***** percent in 2028. While the share was forecast to increase significantly in the next years, the increase will slow down in the future.Depicted is the economic contribution of the tourism sector in relation to the gross domestic product of the country or region at hand. The forecast has been adjusted for the expected impact of COVID-19. The shown data are an excerpt of Statista's Key Market Indicators (KMI). The KMI are a collection of primary and secondary indicators on the macroeconomic, demographic and technological environment in more than *** countries and regions worldwide. All input data are sourced from international institutions, national statistical offices, and trade associations. All data has been are processed to generate comparable datasets (see supplementary notes under details for more information). Find more key insights for the tourism sector GDP share in countries like Fiji and New Zealand.

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.