Rank in the Economic Complexity Index in Australia

Australia: Rank in the Economic Complexity Index was 55 in 2016. ▲ Rising

Latest (2016)
55
Change on year
down 32.9%
World rank
59th
of 121 countries
All-time high
89
in 2014
All-time low
34
in 1964
Years of data
53
1964–2016

Rank in the Economic Complexity Index in Australia, 1964–2016

020406080196419902016

Source: Observatory of Economic Complexity and Atlas of Economic Complexity (2016) – processed by Our World in Data.

Analysis

Australia recorded 55 for rank in the economic complexity index in 2016.

That represents a change of down 32.9% on the previous year and down 14.1% over ten years.

Over the whole period, rank in the economic complexity index in Australia peaked at 89 in 2014 and was at its lowest, 34, in 1964.

That places Australia 59th out of 121 countries with data for 2016, putting it in the middle of the range.

The long-run direction has been consistently rising across the 53 years of available data.

Averages by decade

DecadeAverage LowestHighest Years
1960s 35.17 34 37 6
1970s 47.3 40 53 10
1980s 49.2 45 54 10
1990s 56.2 51 62 10
2000s 64.7 58 71 10
2010s 77.29 55 89 7

Countries ranked near Australia

  1. 56 Dominican Republic 59 compare
  2. 57 Namibia 58 compare
  3. 58 Oman 56 compare
  4. 60 North Macedonia 53 compare
  5. 61 Egypt 52 compare
  6. 62 Indonesia 51 compare

See the full ranking of 121 places →

More economy & growth data for Australia

All data for Australia →

Frequently asked questions

What is rank in the economic complexity index in Australia?
Rank in the economic complexity index in Australia was 55 in 2016, according to Observatory of Economic Complexity and Atlas of Economic Complexity (2016) – processed by Our World in Data.
What is the highest rank in the economic complexity index recorded in Australia?
The highest recorded value was 89 in 2014.
What is the lowest rank in the economic complexity index recorded in Australia?
The lowest recorded value was 34 in 1964.
How does Australia rank for rank in the economic complexity index?
Australia ranks 59th out of 121 countries with data for 2016.
Is rank in the economic complexity index rising or falling in Australia?
Over the last ten years it is down 14.1%. The long-run trend across the full record is rising.
Where does this Australia data come from?
The figures come from Observatory of Economic Complexity and Atlas of Economic Complexity (2016) – processed by Our World in Data, published as part of Rank in the Economic Complexity Index. Statizoid updates them automatically from the source API.

Download this data

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About this data

Indicator
Rank in the Economic Complexity Index
Source
Observatory of Economic Complexity and Atlas of Economic Complexity (2016) – processed by Our World in Data
Licence
CC BY 4.0 (Our World in Data)
Coverage
121 places, 5,650 data points, 1964–2016
Last refreshed

The Economic Complexity Index (ECI) takes data on exports, and reduces a country’s economic system into two dimensions: (i) The number or ‘diversification’ of products in the export basket, and (ii) the quality, or ‘ubiquity’ of products in the export basket. This map ranks countries by ECI scores. The highest rank is 1 and corresponds to the country with the most complex economy in that year.