The Gross Domestic Product (GDP) in Australia was worth 1432.20 billion US dollars in 2018. The GDP value of Australia represents 2.31 percent of the world economy. GDP in Australia averaged 435.12 USD Billion from 1960 until 2018, reaching an all time high of 1576.20 USD Billion in 2013 and a record low of 18.60 USD Billion in 1960.
GDP in Australia is expected to be 1580.00 USD Billion by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Australia GDP is projected to trend around 1720.00 USD Billion in 2020, according to our econometric models.