Australia Domestic Credit: Provided by Financial Sector: % of GDP data was reported at 176.574 % in 2018. This records an increase from the previous number of 176.246 % for 2017. Australia Domestic Credit: Provided by Financial Sector: % of GDP data is updated yearly, averaging 70.394 % from Dec 1960 (Median) to 2018, with 59 observations. The data reached an all-time high of 182.650 % in 2016 and a record low of 38.507 % in 1982. Australia Domestic Credit: Provided by Financial Sector: % 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: Bank Loans. Domestic credit provided by the financial sector includes all credit to various sectors on a gross basis, with the exception of credit to the central government, which is net. The financial sector includes monetary authorities and deposit money banks, as well as other financial corporations where data are available (including corporations that do not accept transferable deposits but do incur such liabilities as time and savings deposits). Examples of other financial corporations are finance and leasing companies, money lenders, insurance corporations, pension funds, and foreign exchange companies.;International Monetary Fund, International Financial Statistics and data files, and World Bank and OECD GDP estimates.;Weighted average;

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.

Domestic credit provided by financial sector (% of GDP) in Australia was reported at 177 % in 2018, according to the World Bank collection of development indicators, compiled from officially recognized sources. Australia - Domestic credit provided by banking sector (% of GDP) - actual values, historical data, forecasts and projections were sourced from the World Bank on June of 2025.

Graph and download economic data for Total Credit to Non-Financial Sector, Adjusted for Breaks, for Australia (QAUCAM770A) from Q2 1988 to Q3 2024 about Australia, adjusted, credits, nonfinancial, and sector.

Australia Market Capitalization: Listed Domestic Companies: % of GDP data was reported at 99.309 % in 2022. This records a decrease from the previous number of 121.241 % for 2021. Australia Market Capitalization: Listed Domestic Companies: % of GDP data is updated yearly, averaging 86.140 % from Dec 1979 (Median) to 2022, with 44 observations. The data reached an all-time high of 151.848 % in 2007 and a record low of 21.400 % in 1982. Australia Market Capitalization: Listed Domestic Companies: % 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: Financial Sector. Market capitalization (also known as market value) is the share price times the number of shares outstanding (including their several classes) for listed domestic companies. Investment funds, unit trusts, and companies whose only business goal is to hold shares of other listed companies are excluded. Data are end of year values.;World Federation of Exchanges database.;Weighted average;Stock market data were previously sourced from Standard & Poor's until they discontinued their 'Global Stock Markets Factbook' and database in April 2013. Time series have been replaced in December 2015 with data from the World Federation of Exchanges and may differ from the previous S&P definitions and methodology.

The Gross Domestic Product (GDP) in Australia was worth 1728.06 billion US dollars in 2023, according to official data from the World Bank. The GDP value of Australia represents 1.64 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 Domestic Credit: to Private Sector: % of GDP data was reported at 127.745 % in 2023. This records a decrease from the previous number of 133.855 % for 2022. Australia Domestic Credit: to Private Sector: % of GDP data is updated yearly, averaging 61.209 % from Dec 1960 (Median) to 2023, with 64 observations. The data reached an all-time high of 142.576 % in 2016 and a record low of 17.629 % in 1961. Australia Domestic Credit: to Private Sector: % 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: Bank Loans. Domestic credit to private sector refers to financial resources provided to the private sector by financial corporations, such as through loans, purchases of nonequity securities, and trade credits and other accounts receivable, that establish a claim for repayment. For some countries these claims include credit to public enterprises. The financial corporations include monetary authorities and deposit money banks, as well as other financial corporations where data are available (including corporations that do not accept transferable deposits but do incur such liabilities as time and savings deposits). Examples of other financial corporations are finance and leasing companies, money lenders, insurance corporations, pension funds, and foreign exchange companies.;International Monetary Fund, International Financial Statistics and data files, and World Bank and OECD GDP estimates.;Weighted average;

Graph and download economic data for Credit to Private Non-Financial Sector by Banks, Adjusted for Breaks, for Australia (QAUPBM770A) from Q2 1960 to Q3 2024 about Australia, adjusted, credits, nonfinancial, sector, banks, private, and depository institutions.

Australia Stocks Traded: Total Value: % of GDP data was reported at 64.351 % in 2022. This records a decrease from the previous number of 68.516 % for 2021. Australia Stocks Traded: Total Value: % of GDP data is updated yearly, averaging 43.408 % from Dec 1975 (Median) to 2022, with 48 observations. The data reached an all-time high of 160.614 % in 2007 and a record low of 0.745 % in 1978. Australia Stocks Traded: Total Value: % 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: Financial Sector. The value of shares traded is the total number of shares traded, both domestic and foreign, multiplied by their respective matching prices. Figures are single counted (only one side of the transaction is considered). Companies admitted to listing and admitted to trading are included in the data. Data are end of year values.;World Federation of Exchanges database.;Weighted average;Stock market data were previously sourced from Standard & Poor's until they discontinued their 'Global Stock Markets Factbook' and database in April 2013. Time series have been replaced in December 2015 with data from the World Federation of Exchanges and may differ from the previous S&P definitions and methodology.

-6.2 (%) in 2021. The structural budget balance refers to the general government cyclically adjusted balance adjusted for nonstructural elements beyond the economic cycle. These include temporary financial sector and asset price movements as well as one-off, or temporary, revenue or expenditure items. The cyclically adjusted balance is the fiscal balance adjusted for the effects of the economic cycle; see, for example, A. Fedelino. A. Ivanova and M. Horton "Computing Cyclically Adjusted Balances and Automatic Stabilizers" IMF Technical Guidance Note No. 5, http://www.imf.org/external/pubs/ft/tnm/2009/tnm0905.pdf.

Australia GDP: % of GDP: Exports of Goods and Services data was reported at 26.799 % in 2023. This records an increase from the previous number of 25.532 % for 2022. Australia GDP: % of GDP: Exports of Goods and Services data is updated yearly, averaging 16.535 % from Dec 1960 (Median) to 2023, with 64 observations. The data reached an all-time high of 26.799 % in 2023 and a record low of 11.934 % in 1969. Australia GDP: % of GDP: Exports of Goods and Services 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: Gross Domestic Product: Share of GDP. Exports of goods and services represent the value of all goods and other market services provided to the rest of the world. They include the value of merchandise, freight, insurance, transport, travel, royalties, license fees, and other services, such as communication, construction, financial, information, business, personal, and government services. They exclude compensation of employees and investment income (formerly called factor services) and transfer payments.;World Bank national accounts data, and OECD National Accounts data files.;Weighted average;

Australia GDP: Growth: Gross Value Added: Services data was reported at 3.140 % in 2016. This records an increase from the previous number of 2.757 % for 2015. Australia GDP: Growth: Gross Value Added: Services data is updated yearly, averaging 3.686 % from Jun 1976 (Median) to 2016, with 41 observations. The data reached an all-time high of 6.016 % in 1988 and a record low of -1.662 % in 1983. Australia GDP: Growth: Gross Value Added: Services 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: Gross Domestic Product: Annual Growth Rate. Annual growth rate for value added in services based on constant local currency. Aggregates are based on constant 2010 U.S. dollars. Services correspond to ISIC divisions 50-99. They include value added in wholesale and retail trade (including hotels and restaurants), transport, and government, financial, professional, and personal services such as education, health care, and real estate services. Also included are imputed bank service charges, import duties, and any statistical discrepancies noted by national compilers as well as discrepancies arising from rescaling. Value added is the net output of a sector after adding up all outputs and subtracting intermediate inputs. It is calculated without making deductions for depreciation of fabricated assets or depletion and degradation of natural resources. The industrial origin of value added is determined by the International Standard Industrial Classification (ISIC), revision 3.; ; World Bank national accounts data, and OECD National Accounts data files.; Weighted Average; Note: Data for OECD countries are based on ISIC, revision 4.

In 2024, the gross domestic product (GDP) of Hong Kong amounted to around 407 billion U.S. dollars at current prices, equivalent to around 3.18 trillion Hong Kong dollars. The city’s GDP grew by 2.5 percent that year. Hong Kong’s GDP in comparison The GDP measures the total value of all goods and services produced in an economy over a certain period. Together with unemployment and inflation, it is one of the most observed economic indicators. While GDP figures in the local currency are sometimes more useful for analyzing internal economic developments, values in international currencies are important for regional comparison.Among economies in Asia-Pacific, Hong Kong’s nominal GDP is comparatively small. However, as an advanced economy and a global financial hub, the city’s per capita GDP is one of the highest in the region, only second to Singapore and Australia. Hong Kong’s economic development As an important international hub for finance and trade, Hong Kong’s economy is dominated by the service sector. Financial services contributed more than 20 percent to the city’s GDP and displayed one of the highest sectoral growth rates over the last decade. Hong Kong’s economic growth suffered severely during the COVID-19 pandemic but returned to sustained growth in 2023.

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.

Current account balance as a share of GDP of Australia leapt by 14.78% from 1.1 % in 2022 to 1.2 % in 2023. Since the 116.25% drop in 2019, current account balance as a share of GDP rocketed by 238.61% in 2023. Current account is all transactions other than those in financial and capital items. The major classifications are goods and services, income and current transfers. The focus of the BOP is on transactions (between an economy and the rest of the world) in goods, services, and income.

In the 2018 financial year, the national health expenditure amounted to about 10.3 percent of the gross domestic product in Australia. for the most part, the national health expenditure had increased year on year from 2008 to 2016 however there was a slight downturn in the two years thereafter.

Australia GDP: % of GDP: Gross Value Added: Services data was reported at 73.067 % in 2016. This records an increase from the previous number of 72.045 % for 2015. Australia GDP: % of GDP: Gross Value Added: Services data is updated yearly, averaging 69.709 % from Jun 1990 (Median) to 2016, with 27 observations. The data reached an all-time high of 73.067 % in 2016 and a record low of 64.104 % in 1990. Australia GDP: % of GDP: Gross Value Added: Services 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: Gross Domestic Product: Share of GDP. Services correspond to ISIC divisions 50-99 and they include value added in wholesale and retail trade (including hotels and restaurants), transport, and government, financial, professional, and personal services such as education, health care, and real estate services. Also included are imputed bank service charges, import duties, and any statistical discrepancies noted by national compilers as well as discrepancies arising from rescaling. Value added is the net output of a sector after adding up all outputs and subtracting intermediate inputs. It is calculated without making deductions for depreciation of fabricated assets or depletion and degradation of natural resources. The industrial origin of value added is determined by the International Standard Industrial Classification (ISIC), revision 3. Note: For VAB countries, gross value added at factor cost is used as the denominator.; ; World Bank national accounts data, and OECD National Accounts data files.; Weighted Average; Note: Data for OECD countries are based on ISIC, revision 4.

Australia has some of the best health outcomes in the world with low infant mortality rates and a high life expectancy, even compared with other developed countries. About 10 percent of Australia’s GDP is spent on health, which amounted to about 252 billion Australian dollars in the financial year 2023. Australia’s spending on health also includes the Pharmaceutical Benefits Scheme (PBS), which subsidizes the cost of essential medicines and Medicare, Australia’s universal public health insurance. Medicare, Australia’s universal health careIntroduced in 1984, Medicare is a federal government health care scheme that fully funds or subsidizes medical services, public hospital care, and selected medicines for Australian residents. In 2024, 29.8 billion Australian dollars were spent on Medicare benefit payments including over 12 billion Australian dollars on subsidized medications thought the associated PBS. Despite universal access to public health insurance, Australians are still concerned about additional health care costs. A significant proportion of Australians still choose to insure themselves privately, with a 2024 report finding that around 55 percent had private health insurance in the country. Public hospital care The Australian public hospital funding represents the largest component of health spending and is administered through the state and territory governments. In 2023, public hospital services saw an increase in overall health expenditure at a rate of 9.5 percent on the previous year. Public hospitals usually offer a comprehensive range of services and are generally more widely accessible than private hospital care but despite the relatively high quality of public hospital care, wait times for certain treatments can be long and some Australians choose private hospital care for certain elective surgeries and more choice over their health care professionals.

Australia GDP: Growth: Imports of Goods and Services data was reported at 12.178 % in 2023. This records an increase from the previous number of 7.332 % for 2022. Australia GDP: Growth: Imports of Goods and Services data is updated yearly, averaging 6.595 % from Dec 1961 (Median) to 2023, with 63 observations. The data reached an all-time high of 30.337 % in 1974 and a record low of -14.260 % in 1962. Australia GDP: Growth: Imports of Goods and Services 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: Gross Domestic Product: Annual Growth Rate. Annual growth rate of imports of goods and services based on constant local currency. Aggregates are based on constant 2015 prices, expressed in U.S. dollars. Imports of goods and services represent the value of all goods and other market services received from the rest of the world. They include the value of merchandise, freight, insurance, transport, travel, royalties, license fees, and other services, such as communication, construction, financial, information, business, personal, and government services. They exclude compensation of employees and investment income (formerly called factor services) and transfer payments.;World Bank national accounts data, and OECD National Accounts data files.;Weighted average;