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Australia

Economy overviewOceania

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GDP1.4%
Inflation3.2%
Unemploy.3.9%
Debt50.6%
Invest.24.3%
Fiscal-2.3% GDP
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GDP Growth
1.4%
2024 · World Bank WDI
GDP per capita
Output per person at market prices (current USD)
$65k
▶ CHART
GDP (PPP) per capita
Output per person adjusted for local purchasing power
$72k
▶ CHART
GDP 5Y avg growth
Average real GDP growth rate over the last 5 years
2.2%
▶ CHART
Nominal GDP
Total economic output in current US dollars (billions)
$1,757bn
▶ CHART
GDP Growth — 10-year trend
Historical data
2024
1.4%
2023
3.6%
2022
4.3%
2021
2%
2020
-0.1%
2019
2.2%
2018
2.9%
2017
2.3%
2016
2.8%
2015
2.2%
2014

Compare with peers

🇳🇿
New Zealand
GDP: 1.3%
🇵🇬
Papua New Guinea
GDP: 3.8%
🇫🇯
Fiji
GDP: 3.5%
🇸🇧
Solomon Islands
GDP: 3%
🇻🇺
Vanuatu
GDP: 0.9%
🇼🇸
Samoa
GDP: 4.7%