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Australia GDP

Australia has the 12th largest economy in the world and is one of the richest countries in the world. The gross domestic product (GDP) of Australia is $1,339.54 (USD Billion) and its growth was 2.26% from 2014 to 2015. Its highest GDP was recorded in 2013 and its average GDP in the last 10 years is $1,200.89 (USD Billion).

Australia GDP per capita is $56,327.72 (USD). However, when factoring in purchase power parity (PPP), it becomes $45,514.18 (USD), making it the 21st richest country in the world. The average GDP adjusted to PPP per capita in the last 10 years was $40,907.90 (USD).

GDP Of Australia Per Year

Australia's GDP & Other Economic Statistics

Australia GDP Current Previous Highest Unit
GNI per capita, PPP 44,570.00 44,710.00 44,710.00 International $
GNI, PPP 1,060.01 1,049.07 1,060.01 International $ Billion
GNI 1,311.85 1,415.80 1,524.56 USD Billion
Gross domestic savings 337.12 388.86 434.01 USD Billion
GDP per capita, PPP 45,514.18 45,937.30 45,937.30 International $
GDP per capita growth 0.89 0.99 3.11 %
GDP per capita 56,327.72 61,995.83 67,652.68 USD
GDP growth 2.26 2.50 3.76 %
GDP 1,339.54 1,454.68 1,563.95 USD Billion
Services, etc., value added 881.09 959.23 1,031.84 USD Billion
Industry, value added 339.04 368.10 406.51 USD Billion
Manufacturing, value added 83.47 93.46 109.03 USD Billion
Agriculture, value added 29.80 32.72 36.23 USD Billion
Gross fixed capital formation 355.19 397.66 441.83 USD Billion
Tax revenue 22.18 22.20 24.58 % of GDP
Source: www.worldatlas.com | World Bank

What is Gross Domestic Product (GDP)?

Gross Domestic Product (GDP) is a measure of market value of all final goods and service produced in a yearly period. This page provides the GDP of Australia – current values and historical information. The information was last updated 2016.

GDP Of Australia vs. Other Countries

Rank Country GDP (USD Billion), 2015
7 India 2,073.54
8 Italy 1,814.76
9 Brazil 1,774.72
10 Canada 1,550.54
11 South Korea 1,377.87
12 Australia 1,339.54
13 Russia 1,326.02
14 Spain 1,199.06
15 Mexico 1,144.33
16 Indonesia 861.93
17 The Netherlands 752.55
The GDP of Australia is tabulated by govermental institutions and was last updated on May 9th, 2017.