GDP in Australia
Australia: GDP was 1.75 trillion current US$ in 2024. β Volatile
GDP in Australia, 1970β2024
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$, in 1970.
That places Australia 14th out of 208 countries with data for 2024, putting it in the top 10%.
The series is highly variable year to year, so single readings are best treated with caution.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 85.75 billion current US$ | 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 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 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 208 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 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