The Gross Domestic Product (GDP) in Australia was worth 1330.90 billion US dollars in 2020, according to official data from the World Bank. The GDP value of Australia represents 1.18 percent of the world economy. source: World Bank

GDP in Australia averaged 465.55 USD Billion from 1960 until 2020, reaching an all time high of 1576.20 USD Billion in 2013 and a record low of 18.60 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 August of 2021.

GDP in Australia is expected to reach 1370.00 USD Billion by the end of 2021, according to Trading Economics global macro models and analysts expectations. In the long-term, the Australia GDP is projected to trend around 1450.00 USD Billion in 2022 and 1550.00 USD Billion in 2023, according to our econometric models.

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Australia GDP

Actual Previous Highest Lowest Dates Unit Frequency
1330.90 1396.60 1576.20 18.60 1960 - 2020 USD Billion Yearly
Current USD

Australia GDP Last Previous Highest Lowest Unit
GDP Growth Rate 1.80 3.20 4.40 -7.00 percent [+]
GDP Annual Growth Rate 1.10 -1.00 9.00 -6.20 percent [+]
GDP 1330.90 1396.60 1576.20 18.60 USD Billion [+]
GDP Constant Prices 501065.00 492269.00 501065.00 65956.00 AUD Million [+]
Gross National Product 510848.00 495434.00 510848.00 58686.00 AUD Million [+]
Gross Fixed Capital Formation 115937.00 110680.00 122290.00 10444.00 AUD Million [+]
GDP per capita 56307.28 57183.38 57183.38 19245.61 USD [+]
GDP per capita PPP 48697.84 49455.54 49455.54 30298.93 USD [+]
GDP From Agriculture 12627.00 12276.00 12627.00 3934.00 AUD Million [+]
GDP From Construction 34574.00 33122.00 37992.00 8759.00 AUD Million [+]
GDP From Manufacturing 27893.00 27090.00 31868.00 16918.00 AUD Million [+]
GDP From Mining 49257.00 48930.00 50778.00 6734.00 AUD Million [+]
GDP From Public Administration 27926.00 28123.00 28123.00 8176.00 AUD Million [+]
GDP From Utilities 11529.00 11629.00 12079.00 4108.00 AUD Million [+]


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.
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