GDP in Australia
Australia: GDP was 2.60 trillion constant LCU in 2024. β² Rising
GDP in Australia, 1970β2024
Source: UNESCO Institute for Statistics. Measured in constant LCU.
Analysis
The most recent figure for gdp in Australia is 2.60 trillion constant LCU, measured in 2024. That is the highest value across all 55 years on record.
That represents a change of up 1.4% on the previous year and up 25.9% over ten years.
Over the whole period, gdp in Australia peaked at 2.60 trillion constant LCU in 2024 and was at its lowest, 524.77 billion constant LCU, in 1970.
That places Australia 68th out of 209 countries with data for 2024, putting it in the middle of the range.
The long-run direction has been consistently rising across the 55 years of available data.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 606.51 billion constant LCU | 524.77 billion constant LCU | 684.99 billion constant LCU | 10 |
| 1980s | 808.18 billion constant LCU | 705.79 billion constant LCU | 950.41 billion constant LCU | 10 |
| 1990s | 1.11 trillion constant LCU | 980.64 billion constant LCU | 1.31 trillion constant LCU | 10 |
| 2000s | 1.58 trillion constant LCU | 1.36 trillion constant LCU | 1.81 trillion constant LCU | 10 |
| 2010s | 2.09 trillion constant LCU | 1.85 trillion constant LCU | 2.33 trillion constant LCU | 10 |
| 2020s | 2.47 trillion constant LCU | 2.33 trillion constant LCU | 2.60 trillion constant LCU | 5 |
Countries ranked near Australia
More population data for Australia
- Population growth rate by level of development 0.503 (2100)
- Projected population under age 5 2.09 million (2100)
- Population density 5.61 (2100)
- Population growth rate 0.503 (2100)
- Fertility and wanted fertility 1.48 (2024)
- Refugee population by country or territory of asylum 29,511 (2024)
- Fertility vs unmet contraception 1.48 (2024)
- Fertility vs contraception 1.48 (2024)
- Natural population growth 0.4553 (2023)
- Fertility rate with projections 1.64 (2023)
Frequently asked questions
- What is gdp in Australia?
- Gdp in Australia was 2.60 trillion constant LCU in 2024, according to UNESCO Institute for Statistics.
- What is the highest gdp recorded in Australia?
- The highest recorded value was 2.60 trillion constant LCU in 2024.
- What is the lowest gdp recorded in Australia?
- The lowest recorded value was 524.77 billion constant LCU in 1970.
- How does Australia rank for gdp?
- Australia ranks 68th out of 209 countries with data for 2024.
- Is gdp rising or falling in Australia?
- Over the last ten years it is up 25.9%. The long-run trend across the full record is rising.
- Where does this Australia data come from?
- The figures come from UNESCO Institute for Statistics, published as part of GDP (constant LCU). Statizoid updates them automatically from the source API.
Download this data
CSV Β· JSON β 55 observations, free to reuse under CC BY-SA 3.0 IGO (UNESCO Institute for Statistics).
About this data
February 2026 Data Release