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.

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.

GDP per Capita: 2022-23p: Australian Capital Territory data was reported at 113,248.000 AUD in 2024. This records an increase from the previous number of 111,088.000 AUD for 2023. GDP per Capita: 2022-23p: Australian Capital Territory data is updated yearly, averaging 85,460.000 AUD from Jun 1990 (Median) to 2024, with 35 observations. The data reached an all-time high of 113,248.000 AUD in 2024 and a record low of 56,986.000 AUD in 1992. GDP per Capita: 2022-23p: Australian Capital Territory 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 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 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 per Capita: 2022-23p: New South Wales data was reported at 93,495.000 AUD in 2024. This records a decrease from the previous number of 94,449.000 AUD for 2023. GDP per Capita: 2022-23p: New South Wales data is updated yearly, averaging 80,411.000 AUD from Jun 1990 (Median) to 2024, with 35 observations. The data reached an all-time high of 94,449.000 AUD in 2023 and a record low of 60,332.000 AUD in 1992. GDP per Capita: 2022-23p: New South Wales 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.

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 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.

GDP per Capita: 2022-23p: Tasmania data was reported at 70,679.000 AUD in 2024. This records an increase from the previous number of 70,004.000 AUD for 2023. GDP per Capita: 2022-23p: Tasmania data is updated yearly, averaging 57,380.000 AUD from Jun 1990 (Median) to 2024, with 35 observations. The data reached an all-time high of 70,679.000 AUD in 2024 and a record low of 39,276.000 AUD in 1991. GDP per Capita: 2022-23p: Tasmania 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.

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 461 billion U.S. dollars. Australia's second largest city, Melbourne, also contributed the second largest share of GDP.

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

Credit to government and state-owned enterprises to GDP (%) in Australia was reported at 20.53 % in 2020, according to the World Bank collection of development indicators, compiled from officially recognized sources. Australia - Credit to government and state owned enterprises to GDP - actual values, historical data, forecasts and projections were sourced from the World Bank on July of 2025.

GDP per Capita: 2022-23p: South Australia data was reported at 76,179.000 AUD in 2024. This records a decrease from the previous number of 76,520.000 AUD for 2023. GDP per Capita: 2022-23p: South Australia data is updated yearly, averaging 64,537.000 AUD from Jun 1990 (Median) to 2024, with 35 observations. The data reached an all-time high of 76,520.000 AUD in 2023 and a record low of 44,603.000 AUD in 1992. GDP per Capita: 2022-23p: 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.

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

Graph and download economic data for Purchasing Power Parity Converted GDP Per Capita Relative to the United States, average GEKS-CPDW, at current prices for Australia (PGD2USAUA621NUPN) from 1950 to 2010 about Australia, PPP, per capita, and GDP.

Historical chart and dataset showing Australia GDP by year from 1960 to 2023.

GDP per Capita: Chain Volume: 2018-19p: Western Australia data was reported at 110,752.000 AUD in 2020. This records an increase from the previous number of 110,607.000 AUD for 2019. GDP per Capita: Chain Volume: 2018-19p: Western Australia data is updated yearly, averaging 84,099.000 AUD from Jun 1990 (Median) to 2020, with 31 observations. The data reached an all-time high of 110,752.000 AUD in 2020 and a record low of 54,296.000 AUD in 1991. GDP per Capita: Chain Volume: 2018-19p: 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.

GDP per Capita: 2022-23p: Queensland data was reported at 93,319.000 AUD in 2024. This records a decrease from the previous number of 93,789.000 AUD for 2023. GDP per Capita: 2022-23p: Queensland data is updated yearly, averaging 83,522.000 AUD from Jun 1990 (Median) to 2024, with 35 observations. The data reached an all-time high of 93,789.000 AUD in 2023 and a record low of 52,288.000 AUD in 1991. GDP per Capita: 2022-23p: 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: Australian Capital Territory data was reported at 55,431.000 AUD mn in 2024. This records an increase from the previous number of 51,226.000 AUD mn for 2023. GDP: Australian Capital Territory data is updated yearly, averaging 20,643.000 AUD mn from Jun 1990 (Median) to 2024, with 35 observations. The data reached an all-time high of 55,431.000 AUD mn in 2024 and a record low of 7,641.000 AUD mn in 1990. GDP: Australian Capital Territory 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 per Capita: 2022-23p: Northern Territory data was reported at 136,341.000 AUD in 2024. This records an increase from the previous number of 131,581.000 AUD for 2023. GDP per Capita: 2022-23p: Northern Territory data is updated yearly, averaging 111,109.000 AUD from Jun 1990 (Median) to 2024, with 35 observations. The data reached an all-time high of 140,506.000 AUD in 2022 and a record low of 70,292.000 AUD in 1994. GDP per Capita: 2022-23p: Northern Territory 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.