The Gross Domestic Product (GDP) in Australia was worth 1392.70 billion US dollars in 2019, according to official data from the World Bank and projections from Trading Economics. The GDP value of Australia represents 1.16 percent of the world economy.
GDP in Australia averaged 451.08 USD Billion from 1960 until 2019, reaching an all time high of 1576.20 USD Billion in 2013 and a record low of 18.60 USD Billion in 1960. This page provides - Australia GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news. Australia GDP - values, historical data and charts - was last updated on October of 2020. source: World Bank
GDP in Australia is expected to reach 1320.00 USD Billion by the end of 2020, according to Trading Economics global macro models and analysts expectations. In the long-term, the Australia GDP is projected to trend around 1370.00 USD Billion in 2021 and 1480.00 USD Billion in 2022, according to our econometric models.