Australia vs Korea: GDP
Australia
1.75 trillion current US$
in 2024
Korea
1.88 trillion current US$
in 2024
Australia rank
14th
Korea rank
12th
GDP over time
- Australia
- Korea
How they compare
Korea currently reports 1.88 trillion current US$ against 1.75 trillion current US$ in Australia, a difference of 123.20 billion current US$.
That makes Korea's figure about 1.1 times Australia's.
The two have swapped places 5 times across 55 shared years of data; in 1970 it was Australia ahead.
Australia ranks 14th and Korea ranks 12th of 208 countries.
Across the 6 decades both report, Australia averaged higher in 2 and Korea in 4.
Head to head by decade
| Decade | Australia | Korea | Difference | Ahead |
|---|---|---|---|---|
| 1970s | 85.75 billion current US$ | 27.65 billion current US$ | 58.10 billion current US$ | Australia |
| 1980s | 198.04 billion current US$ | 124.58 billion current US$ | 73.46 billion current US$ | Australia |
| 1990s | 359.23 billion current US$ | 460.44 billion current US$ | 101.21 billion current US$ | Korea |
| 2000s | 655.80 billion current US$ | 872.93 billion current US$ | 217.13 billion current US$ | Korea |
| 2010s | 1.38 trillion current US$ | 1.52 trillion current US$ | 138.54 billion current US$ | Korea |
| 2020s | 1.61 trillion current US$ | 1.84 trillion current US$ | 229.93 billion current US$ | Korea |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher gdp, Australia or Korea?
- Korea, at 1.88 trillion current US$ against 1.75 trillion current US$ in Australia as of 2024.
- What is the difference in gdp between Australia and Korea?
- 123.20 billion current US$, with Korea ahead.
- How many years of comparable data are there for Australia and Korea?
- 55 years are reported by both, from 1970 to 2024.
- How do Australia and Korea rank globally for gdp?
- Australia ranks 14th and Korea ranks 12th of 208 countries.
- Where does this data come from?
- UNESCO Institute for Statistics, published as GDP (current US$). Statizoid refreshes it automatically from the source and publishes the full history for both places.
Individual pages
About this data
February 2026 Data Release