The Gross Domestic Product (GDP) in Australia was worth 1432.20 billion US dollars in 2018. The GDP value of Australia represents 2.31 percent of the world economy. GDP in Australia averaged 435.12 USD Billion from 1960 until 2018, reaching an all time high of 1576.20 USD Billion in 2013 and a record low of 18.60 USD Billion in 1960. source: World Bank

GDP in Australia is expected to be 1650.00 USD Billion by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Australia GDP is projected to trend around 1800.00 USD Billion in 2020, according to our econometric models.

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Australia GDP

Actual Previous Highest Lowest Dates Unit Frequency
1432.20 1330.80 1576.20 18.60 1960 - 2018 USD Billion Yearly
Current USD


Australia GDP
The gross domestic product (GDP) measures of national income and output for a given country's economy. The gross domestic product (GDP) is equal to the total expenditures for all final goods and services produced within the country in a stipulated period of time.

Australia GDP Last Previous Highest Lowest Unit
GDP Growth Rate 0.40 0.60 4.40 -2.00 percent [+]
GDP Annual Growth Rate 1.70 1.60 9.00 -3.40 percent [+]
GDP 1432.20 1330.80 1576.20 18.60 USD Billion [+]
GDP Constant Prices 477294.00 475208.00 477294.00 63799.00 AUD Million [+]
Gross National Product 474787.00 470562.00 474787.00 57487.00 AUD Million [+]
Gross Fixed Capital Formation 109237.00 109413.00 119585.00 10212.00 AUD Million [+]
GDP per capita 56919.40 56228.80 56919.40 19245.40 USD [+]
GDP per capita PPP 45439.30 44888.00 45439.30 27969.40 USD [+]
GDP From Agriculture 9841.00 10057.00 12334.00 3879.00 AUD Million [+]
GDP From Construction 33758.00 33604.00 37168.00 8565.00 AUD Million [+]
GDP From Manufacturing 25840.00 25986.00 30744.00 16320.00 AUD Million [+]
GDP From Mining 41963.00 41672.00 41963.00 5545.00 AUD Million [+]
GDP From Public Administration 25206.00 24918.00 25206.00 7996.00 AUD Million [+]
GDP From Utilities 11521.00 11550.00 11693.00 4004.00 AUD Million [+]