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 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 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.

Australia BOP: Current Account: Secondary Income: Net data was reported at -503.331 USD mn in 2024. This records an increase from the previous number of -1.108 USD bn for 2023. Australia BOP: Current Account: Secondary Income: Net data is updated yearly, averaging -446.084 USD mn from Dec 1989 (Median) to 2024, with 36 observations. The data reached an all-time high of 792.887 USD mn in 1990 and a record low of -3.556 USD bn in 2014. Australia BOP: Current Account: Secondary Income: Net data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Australia – Table AU.World Bank.WDI: Balance of Payments: Current Account. Secondary income refers to transfers recorded in the balance of payments whenever an economy provides or receives goods, services, income, or financial items without a quid pro quo. All transfers not considered to be capital are current. Data are in current U.S. dollars.;International Monetary Fund, Balance of Payments Statistics Yearbook and data files.;;Note: Data are based on the sixth edition of the IMF's Balance of Payments Manual (BPM6) and are only available from 2005 onwards.

Australia BOP: Current Account: Balance: % of GDP data was reported at -0.300 % in 2023. This records a decrease from the previous number of 0.338 % for 2022. Australia BOP: Current Account: Balance: % of GDP data is updated yearly, averaging -3.721 % from Dec 1989 (Median) to 2023, with 35 observations. The data reached an all-time high of 2.611 % in 2021 and a record low of -7.565 % in 2007. Australia BOP: Current Account: Balance: % of GDP data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Australia – Table AU.World Bank.WDI: Balance of Payments: Current Account. Current account balance is the sum of net exports of goods and services, net primary income, and net secondary income.;International Monetary Fund, Balance of Payments Statistics Yearbook and data files, and World Bank and OECD GDP estimates.;;Note: Data are based on the sixth edition of the IMF's Balance of Payments Manual (BPM6) and are only available from 2005 onwards.

In a survey conducted in Australia in 2022, the share of respondents who considered the economic situation in Australia to be either good or bad was almost balanced, with just over half (** percent) of respondents indicating that they considered the current economic situation in Australia to be 'good'. Approximately ** percent considered the current economic situation as 'bad'.

Graph and download economic data for Current Account Balance: Total Income for Australia (DISCONTINUED) (BPBLIN01AUA636S) from 1960 to 2013 about current account, BOP, Australia, and income.

Graph and download economic data for Current Account Debit: Total Services for Australia (DISCONTINUED) (BPDBSE01AUQ657S) from Q1 1960 to Q1 2014 about debit, current account, payments, BOP, Australia, and services.

Australia recorded a Current Account deficit of 2.10 percent of the country's Gross Domestic Product in 2025. This dataset provides - Australia Current Account to GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news.

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.

Australia BOP: Current Account: Services: Credits: Financial Services data was reported at 1,227.000 AUD mn in Dec 2024. This records an increase from the previous number of 1,219.000 AUD mn for Sep 2024. Australia BOP: Current Account: Services: Credits: Financial Services data is updated quarterly, averaging 369.000 AUD mn from Sep 1984 (Median) to Dec 2024, with 162 observations. The data reached an all-time high of 1,470.000 AUD mn in Mar 2023 and a record low of 17.000 AUD mn in Jun 1985. Australia BOP: Current Account: Services: Credits: Financial 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.JB018: BPM6: Balance of Payment: Current Account: Services.

Graph and download economic data for Current Account Balance: Total Income for Australia (DISCONTINUED) (BPBLIN01AUQ636S) from Q3 1959 to Q4 2013 about current account, BOP, Australia, and income.

Graph and download economic data for Current Account Debit: Total Services for Australia (DISCONTINUED) (BPDBSE01AUA657S) from 1961 to 2013 about debit, current account, payments, BOP, Australia, and services.

Inflation Rate in Australia decreased to 2.10 percent in the second quarter of 2025 from 2.40 percent in the first quarter of 2025. This dataset provides the latest reported value for - Australia Inflation Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Australia Balance of Payment: Current Account Balance: as % of GDP: Single Hit Scenario data was reported at 0.926 % in Dec 2021. This records a decrease from the previous number of 0.951 % for Sep 2021. Australia Balance of Payment: Current Account Balance: as % of GDP: Single Hit Scenario data is updated quarterly, averaging -3.205 % from Mar 1960 (Median) to Dec 2021, with 248 observations. The data reached an all-time high of 2.298 % in Dec 1972 and a record low of -7.307 % in Dec 2004. Australia Balance of Payment: Current Account Balance: as % of GDP: Single Hit Scenario 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: Balance of Payments: Current Account: Forecast: OECD Member: Quarterly. CBGDPR-Current account balance, as a percentage of GDP Sixth Edition of the IMF's Balance of Payments and International Investment Position Manual (BPM6):https://www.imf.org/external/pubs/ft/bop/2007/bopman6.htm OECD Economic Outlook, Database Inventory:https://www.oecd.org/eco/outlook/Database_Inventory.pdf

Graph and download economic data for Current Account Balance: Total Trade of Goods for Australia (DISCONTINUED) (BPBLTD01AUA637N) from 1960 to 2013 about current account, BOP, Australia, trade, and goods.

GDP Nowcast: Australia: Current Quarter data was reported at 1.251 % in 19 Apr 2025. This records an increase from the previous number of 1.235 % for 15 Apr 2025. GDP Nowcast: Australia: Current Quarter data is updated daily, averaging 1.064 % from Sep 2024 (Median) to 19 Apr 2025, with 124 observations. The data reached an all-time high of 1.396 % in 01 Feb 2025 and a record low of 0.718 % in 17 Dec 2024. GDP Nowcast: Australia: Current Quarter data remains active status in CEIC and is reported by CEIC Data. The data is categorized under Global Database’s Australia – Table AU.CEIC.GDPNC: Gross Domestic Product: Nowcast.

GDP (current LCU) in Australia was reported at 2672659000000 LCU in 2024, according to the World Bank collection of development indicators, compiled from officially recognized sources. Australia - GDP (current LCU) - actual values, historical data, forecasts and projections were sourced from the World Bank on July of 2025.

Australia recorded a Current Account deficit of 14663 AUD Million in the first quarter of 2025. This dataset provides - Australia Current Account - actual values, historical data, forecast, chart, statistics, economic calendar and news.