Australia vs Latin America & Caribbean (excluding high income): GNI, PPP
GNI, PPP over time
- Australia
- Latin America & Caribbean (excluding high income)
How they compare
Latin America & Caribbean (excluding high income) currently reports 12.00 trillion constant 2021 international $ against 1.61 trillion constant 2021 international $ in Australia, a difference of 10.38 trillion constant 2021 international $.
That makes Latin America & Caribbean (excluding high income)'s figure about 7.4 times Australia's.
Across all 36 years both countries report, Latin America & Caribbean (excluding high income) has been ahead every year.
Australia ranks 18th and Latin America & Caribbean (excluding high income) ranks 16th of 159 countries.
Latin America & Caribbean (excluding high income) has averaged higher in every one of the 4 decades both report.
Head to head by decade
| Decade | Australia | Latin America & Caribbean (excluding high income) | Difference | Ahead |
|---|---|---|---|---|
| 1990s | 591.12 billion constant 2021 international $ | 5.66 trillion constant 2021 international $ | 5.07 trillion constant 2021 international $ | Latin America & Caribbean (excluding high income) |
| 2000s | 884.18 billion constant 2021 international $ | 7.52 trillion constant 2021 international $ | 6.63 trillion constant 2021 international $ | Latin America & Caribbean (excluding high income) |
| 2010s | 1.24 trillion constant 2021 international $ | 10.08 trillion constant 2021 international $ | 8.83 trillion constant 2021 international $ | Latin America & Caribbean (excluding high income) |
| 2020s | 1.53 trillion constant 2021 international $ | 11.14 trillion constant 2021 international $ | 9.60 trillion constant 2021 international $ | Latin America & Caribbean (excluding high income) |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher gni, ppp, Australia or Latin America & Caribbean (excluding high income)?
- Latin America & Caribbean (excluding high income), at 12.00 trillion constant 2021 international $ against 1.61 trillion constant 2021 international $ in Australia as of 2025.
- What is the difference in gni, ppp between Australia and Latin America & Caribbean (excluding high income)?
- 10.38 trillion constant 2021 international $, with Latin America & Caribbean (excluding high income) ahead.
- How many years of comparable data are there for Australia and Latin America & Caribbean (excluding high income)?
- 36 years are reported by both, from 1990 to 2025.
- How do Australia and Latin America & Caribbean (excluding high income) rank globally for gni, ppp?
- Australia ranks 18th and Latin America & Caribbean (excluding high income) ranks 16th of 159 countries.
- Where does this data come from?
- International Comparison Program (ICP), World Bank (WB), published as GNI, 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 national income (GNI) 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 national income is the total income earned by all residents within an economic territory during an accounting period. It is equal to gross domestic product plus earned income receivable from abroad minus earned income payable abroad. 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.