The Gross Domestic Product (GDP) in Australia was worth 1692.96 billion US dollars in 2022, according to official data from the World Bank. The GDP value of Australia represents 0.73 percent of the world economy. source: World Bank

GDP in Australia averaged 502.84 USD Billion from 1960 until 2022, reaching an all time high of 1692.96 USD Billion in 2022 and a record low of 18.61 USD Billion in 1960. This page provides - Australia GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news. Australia GDP - values, historical data and charts - was last updated on April of 2024.

GDP in Australia is expected to reach 1718.00 USD Billion by the end of 2024, according to Trading Economics global macro models and analysts expectations. In the long-term, the Australia GDP is projected to trend around 1761.00 USD Billion in 2025 and 1802.00 USD Billion in 2026, according to our econometric models.

Components Last Previous Unit Reference
GDP from Agriculture 16563.00 17148.00 AUD Million Dec 2023
GDP from Construction 40771.00 40516.00 AUD Million Dec 2023
GDP from Manufacturing 30781.00 31154.00 AUD Million Dec 2023
GDP from Mining 80564.00 79775.00 AUD Million Dec 2023
GDP from Public Administration 31024.00 30717.00 AUD Million Dec 2023
GDP from Utilities 11351.00 11247.00 AUD Million Dec 2023

Related Last Previous Unit Reference
GDP 1692.96 1559.03 USD Billion Dec 2022
GDP per Capita 60993.64 59225.52 USD Dec 2022
GDP per Capita PPP 51090.26 49609.23 USD Dec 2022

Australia GDP
The gross domestic product (GDP) measures of national income and output for a given country's economy. The gross domestic product (GDP) is equal to the total expenditures for all final goods and services produced within the country in a stipulated period of time.
Actual Previous Highest Lowest Dates Unit Frequency
1692.96 1559.03 1692.96 18.61 1960 - 2022 USD Billion Yearly
Current USD
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