GDP (constant LCU) (UNESCO Institute) in Australia
Australia: GDP (constant LCU) (UNESCO Institute) was 2.60 trillion constant LCU in 2024. ▲ Rising
Latest (2024)
2.60 trillion constant LCU
Change on year
up 1.4%
World rank
69th
of 212 countries
All-time high
2.60 trillion constant LCU
in 2024
All-time low
524.77 billion constant LCU
in 1970
Years of data
55
1970–2024
GDP in Australia, 1970–2024
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 69th out of 212 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.
GDP (constant LCU) (UNESCO Institute) in Australia, year by year
| Year | constant LCU | Change |
|---|---|---|
| 1970 | 524.77 billion constant LCU | — |
| 1971 | 545.77 billion constant LCU | +4.0% |
| 1972 | 567.11 billion constant LCU | +3.9% |
| 1973 | 581.97 billion constant LCU | +2.6% |
| 1974 | 605.87 billion constant LCU | +4.1% |
| 1975 | 613.96 billion constant LCU | +1.3% |
| 1976 | 629.85 billion constant LCU | +2.6% |
| 1977 | 652.50 billion constant LCU | +3.6% |
| 1978 | 658.33 billion constant LCU | +0.9% |
| 1979 | 684.99 billion constant LCU | +4.1% |
| 1980 | 705.79 billion constant LCU | +3.0% |
| 1981 | 729.36 billion constant LCU | +3.3% |
| 1982 | 753.61 billion constant LCU | +3.3% |
| 1983 | 736.85 billion constant LCU | -2.2% |
| 1984 | 770.70 billion constant LCU | +4.6% |
| 1985 | 811.38 billion constant LCU | +5.3% |
| 1986 | 843.56 billion constant LCU | +4.0% |
| 1987 | 865.15 billion constant LCU | +2.6% |
| 1988 | 914.97 billion constant LCU | +5.8% |
| 1989 | 950.41 billion constant LCU | +3.9% |
| 1990 | 984.41 billion constant LCU | +3.6% |
| 1991 | 980.64 billion constant LCU | -0.4% |
| 1992 | 984.85 billion constant LCU | +0.4% |
| 1993 | 1.02 trillion constant LCU | +4.0% |
| 1994 | 1.07 trillion constant LCU | +4.0% |
| 1995 | 1.11 trillion constant LCU | +3.9% |
| 1996 | 1.15 trillion constant LCU | +3.9% |
| 1997 | 1.19 trillion constant LCU | +3.9% |
| 1998 | 1.25 trillion constant LCU | +4.7% |
| 1999 | 1.31 trillion constant LCU | +5.0% |
| 2000 | 1.36 trillion constant LCU | +3.9% |
| 2001 | 1.39 trillion constant LCU | +2.0% |
| 2002 | 1.45 trillion constant LCU | +4.0% |
| 2003 | 1.49 trillion constant LCU | +3.1% |
| 2004 | 1.56 trillion constant LCU | +4.2% |
| 2005 | 1.60 trillion constant LCU | +3.2% |
| 2006 | 1.65 trillion constant LCU | +2.8% |
| 2007 | 1.71 trillion constant LCU | +3.8% |
| 2008 | 1.77 trillion constant LCU | +3.6% |
| 2009 | 1.81 trillion constant LCU | +1.9% |
| 2010 | 1.85 trillion constant LCU | +2.2% |
| 2011 | 1.89 trillion constant LCU | +2.4% |
| 2012 | 1.96 trillion constant LCU | +3.9% |
| 2013 | 2.02 trillion constant LCU | +2.6% |
| 2014 | 2.07 trillion constant LCU | +2.6% |
| 2015 | 2.11 trillion constant LCU | +2.2% |
| 2016 | 2.17 trillion constant LCU | +2.8% |
| 2017 | 2.22 trillion constant LCU | +2.3% |
| 2018 | 2.29 trillion constant LCU | +2.9% |
| 2019 | 2.33 trillion constant LCU | +2.2% |
| 2020 | 2.33 trillion constant LCU | -0.1% |
| 2021 | 2.38 trillion constant LCU | +2.1% |
| 2022 | 2.48 trillion constant LCU | +4.2% |
| 2023 | 2.57 trillion constant LCU | +3.4% |
| 2024 | 2.60 trillion constant LCU | +1.4% |
Australia compared with similar countries
- Australia's 2.60 trillion constant LCU is above the median for high income countries, which is 153.41 billion constant LCU, 17.0× the median. (83 countries reporting)
- Australia's 2.60 trillion constant LCU is above the median for East Asia & Pacific, which is 380.88 billion constant LCU, 6.8× the median. (36 countries reporting)
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 regions with projections, annual growth rate 0.5057 % change on previous year (2100)
- Urban and rural population 2050, annual growth rate 0.5755 % change on previous year (2050)
- Population long run with projections, annual growth rate 0.5057 % change on previous year (2100)
- Un population 2024 vs 2022, annual growth rate 0.2553 % change on previous year (2100)
- Africa's Development Dynamics (AfDD) Table 05 - Demographic estimates 32,193 Persons (2050)
- Africa's Development Dynamics (AfDD) Table 03 - Annual population 0.8589 Percent per annum (2030)
- Projected population under age 5, annual growth rate 0.2773 % change on previous year (2100)
- Population growth rate 0.503 (2100)
- Population density 5.61 (2100)
- Projected population under age 5 2.09 million (2100)
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 69th out of 212 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 · JSON — 55 observations, free to reuse under CC BY-SA 3.0 IGO (UNESCO Institute for Statistics).
About this data
February 2026 Data Release