The Gross Domestic Product (GDP) in Australia was worth 1330.90 billion US dollars in 2020, according to official data from the World Bank. The GDP value of Australia represents 1.18 percent of the world economy. source: World Bank

GDP in Australia averaged 465.55 USD Billion from 1960 until 2020, 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 2021.

GDP in Australia is expected to reach 1370.00 USD Billion by the end of 2021, according to Trading Economics global macro models and analysts expectations. In the long-term, the Australia GDP is projected to trend around 1450.00 USD Billion in 2022 and 1550.00 USD Billion in 2023, according to our econometric models.

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Australia GDP

Australia Last Unit Reference Previous Highest Lowest
GDP 1330.90 USD Billion Dec/20 1396.60 1576.20 18.60
GDP per capita 56307.28 USD Dec/20 57183.38 57183.38 19245.61
GDP per capita PPP 48697.84 USD Dec/20 49455.54 49455.54 30298.93
GDP From Utilities 11735.00 AUD Million Jun/21 11530.00 12079.00 4108.00
GDP From Public Administration 28011.00 AUD Million Jun/21 27962.00 28159.00 8176.00
GDP From Mining 48557.00 AUD Million Jun/21 49178.00 50778.00 6734.00
GDP From Manufacturing 28139.00 AUD Million Jun/21 27898.00 31868.00 16918.00
GDP From Construction 34908.00 AUD Million Jun/21 34574.00 37992.00 8759.00
GDP From Agriculture 13185.00 AUD Million Jun/21 13012.00 13185.00 3934.00

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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