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.

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Australia GDP

Actual Previous Highest Lowest Dates Unit Frequency
1392.70 1433.90 1576.20 18.60 1960 - 2019 USD Billion Yearly
Current USD

Australia GDP Last Previous Highest Lowest Unit
GDP Growth Rate -7.00 -0.30 4.40 -7.00 percent [+]
GDP Annual Growth Rate -6.30 1.60 9.00 -6.30 percent [+]
GDP 1392.70 1433.90 1576.20 18.60 USD Billion [+]
GDP Constant Prices 445799.00 479339.00 480599.00 63799.00 AUD Million [+]
Gross National Product 447165.00 476889.00 476889.00 57487.00 AUD Million [+]
Gross Fixed Capital Formation 104432.00 109760.00 119565.00 10212.00 AUD Million [+]
GDP per capita 57071.20 56864.30 57071.20 19245.60 USD [+]
GDP per capita PPP 49756.30 49576.00 49756.30 30544.10 USD [+]
GDP From Agriculture 9151.00 9326.00 12305.00 3879.00 AUD Million [+]
GDP From Construction 30249.00 32948.00 37165.00 8565.00 AUD Million [+]
GDP From Manufacturing 24409.00 27005.00 30742.00 16320.00 AUD Million [+]
GDP From Mining 41872.00 41780.00 42118.00 5545.00 AUD Million [+]
GDP From Public Administration 26229.00 25995.00 26229.00 7996.00 AUD Million [+]
GDP From Utilities 11156.00 11327.00 11713.00 4004.00 AUD Million [+]


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.
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