GDP (current US$) (UNESCO Institute) in Australia
Australia: GDP (current US$) (UNESCO Institute) was 1.75 trillion current US$ in 2024. ◆ Volatile
Latest (2024)
1.75 trillion current US$
Change on year
up 1.4%
World rank
14th
of 211 countries
All-time high
1.75 trillion current US$
in 2024
All-time low
41.33 billion current US$
in 1970
Years of data
55
1970–2024
GDP in Australia, 1970–2024
Source: UNESCO Institute for Statistics. Measured in current US$.
Analysis
In 2024, gdp in Australia stood at 1.75 trillion current US$. That is the highest value across all 55 years on record.
The figure is up 1.4% on the previous year and up 19.3% over ten years.
Over the whole period, gdp in Australia peaked at 1.75 trillion current US$ in 2024 and was at its lowest, 41.33 billion current US$, in 1970.
That places Australia 14th out of 211 countries with data for 2024, putting it in the top 10%.
The series is highly variable year to year, so single readings are best treated with caution.
GDP (current US$) (UNESCO Institute) in Australia, year by year
| Year | current US$ | Change |
|---|---|---|
| 1970 | 41.33 billion current US$ | — |
| 1971 | 45.22 billion current US$ | +9.4% |
| 1972 | 52.04 billion current US$ | +15.1% |
| 1973 | 63.83 billion current US$ | +22.7% |
| 1974 | 88.97 billion current US$ | +39.4% |
| 1975 | 97.30 billion current US$ | +9.4% |
| 1976 | 105.06 billion current US$ | +8.0% |
| 1977 | 110.35 billion current US$ | +5.0% |
| 1978 | 118.49 billion current US$ | +7.4% |
| 1979 | 134.90 billion current US$ | +13.8% |
| 1980 | 149.99 billion current US$ | +11.2% |
| 1981 | 176.90 billion current US$ | +17.9% |
| 1982 | 194.04 billion current US$ | +9.7% |
| 1983 | 177.27 billion current US$ | -8.6% |
| 1984 | 193.53 billion current US$ | +9.2% |
| 1985 | 180.64 billion current US$ | -6.7% |
| 1986 | 182.48 billion current US$ | +1.0% |
| 1987 | 189.50 billion current US$ | +3.8% |
| 1988 | 236.16 billion current US$ | +24.6% |
| 1989 | 299.88 billion current US$ | +27.0% |
| 1990 | 311.43 billion current US$ | +3.9% |
| 1991 | 325.98 billion current US$ | +4.7% |
| 1992 | 325.52 billion current US$ | -0.1% |
| 1993 | 312.13 billion current US$ | -4.1% |
| 1994 | 322.81 billion current US$ | +3.4% |
| 1995 | 368.17 billion current US$ | +14.1% |
| 1996 | 401.34 billion current US$ | +9.0% |
| 1997 | 435.64 billion current US$ | +8.5% |
| 1998 | 399.67 billion current US$ | -8.3% |
| 1999 | 389.65 billion current US$ | -2.5% |
| 2000 | 416.17 billion current US$ | +6.8% |
| 2001 | 379.63 billion current US$ | -8.8% |
| 2002 | 395.79 billion current US$ | +4.3% |
| 2003 | 467.74 billion current US$ | +18.2% |
| 2004 | 614.66 billion current US$ | +31.4% |
| 2005 | 695.69 billion current US$ | +13.2% |
| 2006 | 748.42 billion current US$ | +7.6% |
| 2007 | 855.01 billion current US$ | +14.2% |
| 2008 | 1.06 trillion current US$ | +23.5% |
| 2009 | 928.76 billion current US$ | -12.1% |
| 2010 | 1.15 trillion current US$ | +23.7% |
| 2011 | 1.40 trillion current US$ | +21.7% |
| 2012 | 1.55 trillion current US$ | +10.6% |
| 2013 | 1.58 trillion current US$ | +1.9% |
| 2014 | 1.47 trillion current US$ | -6.9% |
| 2015 | 1.35 trillion current US$ | -8.0% |
| 2016 | 1.21 trillion current US$ | -10.7% |
| 2017 | 1.33 trillion current US$ | +9.8% |
| 2018 | 1.43 trillion current US$ | +7.7% |
| 2019 | 1.39 trillion current US$ | -2.5% |
| 2020 | 1.33 trillion current US$ | -4.6% |
| 2021 | 1.56 trillion current US$ | +17.2% |
| 2022 | 1.69 trillion current US$ | +8.6% |
| 2023 | 1.73 trillion current US$ | +2.2% |
| 2024 | 1.75 trillion current US$ | +1.4% |
Australia compared with similar countries
- Australia's 1.75 trillion current US$ is above the median for high income countries, which is 92.86 billion current US$, 18.9× the median. (82 countries reporting)
- Australia's 1.75 trillion current US$ is above the median for East Asia & Pacific, which is 15.98 billion current US$, 109.6× the median. (36 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 85.75 billion current US$ | 41.33 billion current US$ | 134.90 billion current US$ | 10 |
| 1980s | 198.04 billion current US$ | 149.99 billion current US$ | 299.88 billion current US$ | 10 |
| 1990s | 359.23 billion current US$ | 311.43 billion current US$ | 435.64 billion current US$ | 10 |
| 2000s | 655.80 billion current US$ | 379.63 billion current US$ | 1.06 trillion current US$ | 10 |
| 2010s | 1.38 trillion current US$ | 1.15 trillion current US$ | 1.58 trillion current US$ | 10 |
| 2020s | 1.61 trillion current US$ | 1.33 trillion current US$ | 1.75 trillion current US$ | 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 1.75 trillion current US$ in 2024, according to UNESCO Institute for Statistics.
- What is the highest gdp recorded in Australia?
- The highest recorded value was 1.75 trillion current US$ in 2024.
- What is the lowest gdp recorded in Australia?
- The lowest recorded value was 41.33 billion current US$ in 1970.
- How does Australia rank for gdp?
- Australia ranks 14th out of 211 countries with data for 2024.
- Is gdp rising or falling in Australia?
- Over the last ten years it is up 19.3%. 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 US$). 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