GDP in Australia
Australia: GDP was 2.67 trillion current LCU in 2024. β Volatile
GDP in Australia, 1970β2024
Source: UNESCO Institute for Statistics. Measured in current LCU.
Analysis
The most recent figure for gdp in Australia is 2.67 trillion current LCU, measured in 2024. That is the highest value across all 55 years on record.
Compared with earlier readings it is up 4.1% on the previous year and up 67.1% over ten years.
Over the whole period, gdp in Australia peaked at 2.67 trillion current LCU in 2024 and was at its lowest, 36.91 billion current LCU, in 1970.
Australia ranks 84th of 208 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 70.66 billion current LCU | 36.91 billion current LCU | 118.75 billion current LCU | 10 |
| 1980s | 234.15 billion current LCU | 134.61 billion current LCU | 368.28 billion current LCU | 10 |
| 1990s | 494.67 billion current LCU | 404.70 billion current LCU | 621.81 billion current LCU | 10 |
| 2000s | 924.88 billion current LCU | 662.67 billion current LCU | 1.26 trillion current LCU | 10 |
| 2010s | 1.62 trillion current LCU | 1.30 trillion current LCU | 1.95 trillion current LCU | 10 |
| 2020s | 2.33 trillion current LCU | 1.98 trillion current LCU | 2.67 trillion current 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 2.67 trillion current LCU in 2024, according to UNESCO Institute for Statistics.
- What is the highest gdp recorded in Australia?
- The highest recorded value was 2.67 trillion current LCU in 2024.
- What is the lowest gdp recorded in Australia?
- The lowest recorded value was 36.91 billion current LCU in 1970.
- How does Australia rank for gdp?
- Australia ranks 84th out of 208 countries with data for 2024.
- Is gdp rising or falling in Australia?
- Over the last ten years it is up 67.1%. The long-run trend across the full record is volatile.
- Where does this Australia data come from?
- The figures come from UNESCO Institute for Statistics, published as part of GDP (current 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