Australia vs Latin America & Caribbean: GDP, PPP
GDP, PPP over time
- Australia
- Latin America & Caribbean
How they compare
Latin America & Caribbean currently reports 13.52 trillion constant 2021 international $ against 1.66 trillion constant 2021 international $ in Australia, a difference of 11.86 trillion constant 2021 international $.
That makes Latin America & Caribbean's figure about 8.1 times Australia's.
Across all 36 years both countries report, Latin America & Caribbean has been ahead every year.
Australia ranks 21st and Latin America & Caribbean ranks 23rd of 200 countries.
Latin America & Caribbean has averaged higher in every one of the 4 decades both report.
Head to head by decade
| Decade | Australia | Latin America & Caribbean | Difference | Ahead |
|---|---|---|---|---|
| 1990s | 695.09 billion constant 2021 international $ | 6.45 trillion constant 2021 international $ | 5.75 trillion constant 2021 international $ | Latin America & Caribbean |
| 2000s | 993.36 billion constant 2021 international $ | 8.61 trillion constant 2021 international $ | 7.61 trillion constant 2021 international $ | Latin America & Caribbean |
| 2010s | 1.32 trillion constant 2021 international $ | 11.42 trillion constant 2021 international $ | 10.11 trillion constant 2021 international $ | Latin America & Caribbean |
| 2020s | 1.57 trillion constant 2021 international $ | 12.62 trillion constant 2021 international $ | 11.05 trillion constant 2021 international $ | Latin America & Caribbean |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher gdp, ppp, Australia or Latin America & Caribbean?
- Latin America & Caribbean, at 13.52 trillion constant 2021 international $ against 1.66 trillion constant 2021 international $ in Australia as of 2025.
- What is the difference in gdp, ppp between Australia and Latin America & Caribbean?
- 11.86 trillion constant 2021 international $, with Latin America & Caribbean ahead.
- How many years of comparable data are there for Australia and Latin America & Caribbean?
- 36 years are reported by both, from 1990 to 2025.
- How do Australia and Latin America & Caribbean rank globally for gdp, ppp?
- Australia ranks 21st and Latin America & Caribbean ranks 23rd of 200 countries.
- Where does this data come from?
- International Comparison Program (ICP), World Bank (WB), published as GDP, PPP (constant 2021 international $). Statizoid refreshes it automatically from the source and publishes the full history for both places.
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About this data
This indicator provides values for gross domestic product (GDP) expressed in constant international dollars, converted by purchasing power parities (PPPs). PPPs account for the different price levels across countries and thus PPP-based comparisons of economic output are more appropriate for comparing the output of economies and the average material well-being of their inhabitants than exchange-rate based comparisons. Gross domestic product is the total income earned through the production of goods and services in an economic territory during an accounting period. It can be measured in three different ways: using either the expenditure approach, the income approach, or the production approach. This indicator is expressed in constant prices, meaning the series has been adjusted to account for price changes over time. The reference year for this adjustment is 2021. The PPP conversion factor is a currency conversion factor and a spatial price deflator. PPPs convert different currencies to a common currency and, in the process of conversion, equalize their purchasing power by eliminating the differences in price levels between countries, thereby allowing volume or output comparisons of GDP and its expenditure components.