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 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 expanded 0.20 percent in the first 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 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.

GDP: Western Australia data was reported at 455,707.000 AUD mn in 2024. This records an increase from the previous number of 446,066.000 AUD mn for 2023. GDP: Western Australia data is updated yearly, averaging 143,237.000 AUD mn from Jun 1990 (Median) to 2024, with 35 observations. The data reached an all-time high of 455,707.000 AUD mn in 2024 and a record low of 39,451.000 AUD mn in 1990. GDP: Western Australia 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.A167: SNA08: Gross Domestic Product and Gross Domestic Product per Capita: by State.

Graph and download economic data for Real Gross Domestic Product for Australia (NGDPRSAXDCAUQ) from Q3 1959 to Q1 2025 about Australia, real, and GDP.

The Gross Domestic Product (GDP) in Australia expanded 1.30 percent in the first quarter of 2025 over the same quarter of the previous year. This dataset provides - Australia GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Key information about Australia Real GDP Growth

• The Gross Domestic Product (GDP) in Australia expanded 2.7 % YoY in Dec 2022, following a growth of 5.9 % in the previous quarter.
• Real GDP Growth YoY data in Australia is updated quarterly, available from Sep 1960 to Dec 2022, with an average rate of 3.2 %.
• The data reached an all-time high of 10.3 % in Jun 2021 and a record low of -5.8 % in Jun 2020.

• In the latest reports, Nominal GDP of Australia reached 414.7 USD bn in Dec 2022.
• Its GDP deflator (implicit price deflator) increased 9.1 % in Dec 2022.
• GDP Per Capita in Australia reached 65,005.8 USD in Jun 2022.
• Its Gross Savings Rate was measured at 29.6 % in Dec 2022.
• For Nominal GDP contributions, Investment accounted for 23.7 % in Dec 2022.
• Public Consumption accounted for 20.4 % in Dec 2022.
• Private Consumption accounted for 49.9 % in Dec 2022.

GDP: South Australia data was reported at 148,746.000 AUD mn in 2024. This records an increase from the previous number of 140,499.000 AUD mn for 2023. GDP: South Australia data is updated yearly, averaging 70,906.000 AUD mn from Jun 1990 (Median) to 2024, with 35 observations. The data reached an all-time high of 148,746.000 AUD mn in 2024 and a record low of 31,183.000 AUD mn in 1990. GDP: South Australia 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.A167: SNA08: Gross Domestic Product and Gross Domestic Product per Capita: by State.

The gross domestic product (GDP) per capita in Australia was estimated at 66,250 U.S. dollars in 2024. From 1980 to 2024, the GDP per capita rose by 55,240 U.S. dollars, though the increase followed an uneven trajectory rather than a consistent upward trend. Between 2024 and 2030, the GDP per capita will rise by 8,640 U.S. dollars, showing an overall upward trend with periodic ups and downs.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: 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.

GDP, billion currency units in Australia, March, 2025 The most recent value is 675.42 billion Australian Dollar as of Q1 2025, a decline compared to the previous value of 715.14 billion Australian Dollar. Historically, the average for Australia from Q1 1960 to Q1 2025 is 181.45 billion Australian Dollar. The minimum of 3.93 billion Australian Dollar was recorded in Q1 1960, while the maximum of 715.14 billion Australian Dollar was reached in Q4 2024. | TheGlobalEconomy.com

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.

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.

Australia GDP data was reported at 715,447.000 AUD mn in Dec 2024. This records an increase from the previous number of 677,135.000 AUD mn for Sep 2024. Australia GDP data is updated quarterly, averaging 107,968.500 AUD mn from Sep 1959 (Median) to Dec 2024, with 262 observations. The data reached an all-time high of 715,447.000 AUD mn in Dec 2024 and a record low of 3,928.000 AUD mn in Mar 1960. Australia GDP 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.A001: SNA08: Gross Domestic Product: by Expenditure: Current Price.

GDP from Manufacturing in Australia decreased to 33731 AUD Million in the fourth quarter of 2024 from 34512 AUD Million in the third quarter of 2024. This dataset provides - Australia Gdp From Manufacturing- actual values, historical data, forecast, chart, statistics, economic calendar and news.

GDP from Public Administration in Australia increased to 33728 AUD Million in the fourth quarter of 2024 from 33427 AUD Million in the third quarter of 2024. This dataset provides - Australia Gdp From Public Administration- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Graph and download economic data for Gross Domestic Product Per Capita for Australia (PCAGDPAUA646NWDB) from 1960 to 2024 about Australia, per capita, and GDP.

Australia GDP: Queensland data was reported at 510,694.000 AUD mn in 2024. This records an increase from the previous number of 505,231.000 AUD mn for 2023. Australia GDP: Queensland data is updated yearly, averaging 205,231.000 AUD mn from Jun 1990 (Median) to 2024, with 35 observations. The data reached an all-time high of 510,694.000 AUD mn in 2024 and a record low of 59,531.000 AUD mn in 1990. Australia GDP: Queensland 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.A167: SNA08: Gross Domestic Product and Gross Domestic Product per Capita: by State.

GDP from Utilities in Australia increased to 13042 AUD Million in the first quarter of 2025 from 12973 AUD Million in the fourth quarter of 2024. This dataset provides - Australia Gdp From Utilities- actual values, historical data, forecast, chart, statistics, economic calendar and news.