GDP (current LCU) (UNESCO Institute) in Australia
Australia: GDP (current LCU) (UNESCO Institute) was 2.67 trillion current LCU in 2024. ◆ Volatile
Latest (2024)
2.67 trillion current LCU
Change on year
up 4.1%
World rank
85th
of 211 countries
All-time high
2.67 trillion current LCU
in 2024
All-time low
36.91 billion current LCU
in 1970
Years of data
55
1970–2024
GDP in Australia, 1970–2024
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 85th of 211 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.
GDP (current LCU) (UNESCO Institute) in Australia, year by year
| Year | current LCU | Change |
|---|---|---|
| 1970 | 36.91 billion current LCU | — |
| 1971 | 40.37 billion current LCU | +9.4% |
| 1972 | 44.55 billion current LCU | +10.3% |
| 1973 | 49.82 billion current LCU | +11.8% |
| 1974 | 60.36 billion current LCU | +21.2% |
| 1975 | 71.26 billion current LCU | +18.0% |
| 1976 | 83.35 billion current LCU | +17.0% |
| 1977 | 96.20 billion current LCU | +15.4% |
| 1978 | 105.06 billion current LCU | +9.2% |
| 1979 | 118.75 billion current LCU | +13.0% |
| 1980 | 134.61 billion current LCU | +13.4% |
| 1981 | 152.36 billion current LCU | +13.2% |
| 1982 | 175.86 billion current LCU | +15.4% |
| 1983 | 189.41 billion current LCU | +7.7% |
| 1984 | 213.69 billion current LCU | +12.8% |
| 1985 | 235.50 billion current LCU | +10.2% |
| 1986 | 260.88 billion current LCU | +10.8% |
| 1987 | 286.37 billion current LCU | +9.8% |
| 1988 | 324.58 billion current LCU | +13.3% |
| 1989 | 368.28 billion current LCU | +13.5% |
| 1990 | 404.70 billion current LCU | +9.9% |
| 1991 | 415.33 billion current LCU | +2.6% |
| 1992 | 423.28 billion current LCU | +1.9% |
| 1993 | 444.23 billion current LCU | +4.9% |
| 1994 | 466.62 billion current LCU | +5.0% |
| 1995 | 495.85 billion current LCU | +6.3% |
| 1996 | 528.97 billion current LCU | +6.7% |
| 1997 | 556.66 billion current LCU | +5.2% |
| 1998 | 589.24 billion current LCU | +5.9% |
| 1999 | 621.81 billion current LCU | +5.5% |
| 2000 | 662.67 billion current LCU | +6.6% |
| 2001 | 707.40 billion current LCU | +6.7% |
| 2002 | 756.45 billion current LCU | +6.9% |
| 2003 | 803.11 billion current LCU | +6.2% |
| 2004 | 864.09 billion current LCU | +7.6% |
| 2005 | 925.44 billion current LCU | +7.1% |
| 2006 | 999.59 billion current LCU | +8.0% |
| 2007 | 1.09 trillion current LCU | +8.9% |
| 2008 | 1.18 trillion current LCU | +8.3% |
| 2009 | 1.26 trillion current LCU | +6.9% |
| 2010 | 1.30 trillion current LCU | +3.4% |
| 2011 | 1.42 trillion current LCU | +8.8% |
| 2012 | 1.50 trillion current LCU | +5.8% |
| 2013 | 1.54 trillion current LCU | +2.4% |
| 2014 | 1.60 trillion current LCU | +4.0% |
| 2015 | 1.62 trillion current LCU | +1.6% |
| 2016 | 1.66 trillion current LCU | +2.1% |
| 2017 | 1.76 trillion current LCU | +6.0% |
| 2018 | 1.84 trillion current LCU | +4.8% |
| 2019 | 1.95 trillion current LCU | +5.7% |
| 2020 | 1.98 trillion current LCU | +1.8% |
| 2021 | 2.09 trillion current LCU | +5.3% |
| 2022 | 2.33 trillion current LCU | +11.7% |
| 2023 | 2.57 trillion current LCU | +10.2% |
| 2024 | 2.67 trillion current LCU | +4.1% |
Australia compared with similar countries
- Australia's 2.67 trillion current LCU is above the median for high income countries, which is 220.22 billion current LCU, 12.1× the median. (82 countries reporting)
- Australia's 2.67 trillion current LCU is above the median for East Asia & Pacific, which is 416.65 billion current LCU, 6.4× the median. (36 countries reporting)
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 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 2.67 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 85th out of 211 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 · JSON — 55 observations, free to reuse under CC BY-SA 3.0 IGO (UNESCO Institute for Statistics).
About this data
February 2026 Data Release