GDP in Australia
Australia: GDP was 2.78 trillion current LCU in 2025. ◆ Volatile
Latest (2025)
2.78 trillion current LCU
Change on year
up 3.7%
World rank
85th
of 214 countries
All-time high
2.78 trillion current LCU
in 2025
All-time low
16.64 billion current LCU
in 1960
Years of data
66
1960–2025
GDP in Australia, 1960–2025
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in current LCU.
Analysis
Australia recorded 2.78 trillion current LCU for gdp in 2025. That is the highest value across all 66 years on record.
That represents a change of up 3.7% on the previous year and up 70.4% over ten years.
Over the whole period, gdp in Australia peaked at 2.78 trillion current LCU in 2025 and was at its lowest, 16.64 billion current LCU, in 1960.
Australia ranks 85th of 214 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
GDP in Australia, year by year
| Year | current LCU | Change |
|---|---|---|
| 1960 | 16.64 billion current LCU | — |
| 1961 | 17.60 billion current LCU | +5.8% |
| 1962 | 17.82 billion current LCU | +1.2% |
| 1963 | 19.26 billion current LCU | +8.1% |
| 1964 | 21.28 billion current LCU | +10.5% |
| 1965 | 23.23 billion current LCU | +9.1% |
| 1966 | 24.42 billion current LCU | +5.1% |
| 1967 | 27.22 billion current LCU | +11.5% |
| 1968 | 29.25 billion current LCU | +7.5% |
| 1969 | 32.80 billion current LCU | +12.1% |
| 1970 | 36.96 billion current LCU | +12.7% |
| 1971 | 40.43 billion current LCU | +9.4% |
| 1972 | 44.61 billion current LCU | +10.3% |
| 1973 | 49.89 billion current LCU | +11.8% |
| 1974 | 60.45 billion current LCU | +21.2% |
| 1975 | 71.36 billion current LCU | +18.1% |
| 1976 | 83.47 billion current LCU | +17.0% |
| 1977 | 96.34 billion current LCU | +15.4% |
| 1978 | 105.21 billion current LCU | +9.2% |
| 1979 | 118.92 billion current LCU | +13.0% |
| 1980 | 134.81 billion current LCU | +13.4% |
| 1981 | 152.58 billion current LCU | +13.2% |
| 1982 | 176.12 billion current LCU | +15.4% |
| 1983 | 189.69 billion current LCU | +7.7% |
| 1984 | 213.94 billion current LCU | +12.8% |
| 1985 | 235.79 billion current LCU | +10.2% |
| 1986 | 261.20 billion current LCU | +10.8% |
| 1987 | 286.71 billion current LCU | +9.8% |
| 1988 | 324.99 billion current LCU | +13.4% |
| 1989 | 368.76 billion current LCU | +13.5% |
| 1990 | 405.24 billion current LCU | +9.9% |
| 1991 | 415.89 billion current LCU | +2.6% |
| 1992 | 423.88 billion current LCU | +1.9% |
| 1993 | 444.85 billion current LCU | +4.9% |
| 1994 | 467.29 billion current LCU | +5.0% |
| 1995 | 496.60 billion current LCU | +6.3% |
| 1996 | 529.79 billion current LCU | +6.7% |
| 1997 | 557.53 billion current LCU | +5.2% |
| 1998 | 590.25 billion current LCU | +5.9% |
| 1999 | 622.92 billion current LCU | +5.5% |
| 2000 | 663.84 billion current LCU | +6.6% |
| 2001 | 708.76 billion current LCU | +6.8% |
| 2002 | 757.68 billion current LCU | +6.9% |
| 2003 | 804.44 billion current LCU | +6.2% |
| 2004 | 865.47 billion current LCU | +7.6% |
| 2005 | 926.93 billion current LCU | +7.1% |
| 2006 | 1.00 trillion current LCU | +8.0% |
| 2007 | 1.09 trillion current LCU | +9.0% |
| 2008 | 1.18 trillion current LCU | +8.4% |
| 2009 | 1.27 trillion current LCU | +7.0% |
| 2010 | 1.31 trillion current LCU | +3.4% |
| 2011 | 1.42 trillion current LCU | +8.7% |
| 2012 | 1.51 trillion current LCU | +5.8% |
| 2013 | 1.54 trillion current LCU | +2.5% |
| 2014 | 1.61 trillion current LCU | +4.1% |
| 2015 | 1.63 trillion current LCU | +1.5% |
| 2016 | 1.66 trillion current LCU | +2.1% |
| 2017 | 1.76 trillion current LCU | +6.0% |
| 2018 | 1.85 trillion current LCU | +4.8% |
| 2019 | 1.96 trillion current LCU | +5.7% |
| 2020 | 1.99 trillion current LCU | +1.7% |
| 2021 | 2.09 trillion current LCU | +5.1% |
| 2022 | 2.34 trillion current LCU | +11.8% |
| 2023 | 2.58 trillion current LCU | +10.3% |
| 2024 | 2.68 trillion current LCU | +4.0% |
| 2025 | 2.78 trillion current LCU | +3.7% |
Australia compared with similar countries
- Australia's 2.78 trillion current LCU is above the median for high income countries, which is 211.72 billion current LCU, 13.1× the median. (82 countries reporting)
- Australia's 2.78 trillion current LCU is above the median for East Asia & Pacific, which is 433.92 billion current LCU, 6.4× the median. (36 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 22.95 billion current LCU | 16.64 billion current LCU | 32.80 billion current LCU | 10 |
| 1970s | 70.76 billion current LCU | 36.96 billion current LCU | 118.92 billion current LCU | 10 |
| 1980s | 234.46 billion current LCU | 134.81 billion current LCU | 368.76 billion current LCU | 10 |
| 1990s | 495.42 billion current LCU | 405.24 billion current LCU | 622.92 billion current LCU | 10 |
| 2000s | 926.73 billion current LCU | 663.84 billion current LCU | 1.27 trillion current LCU | 10 |
| 2010s | 1.63 trillion current LCU | 1.31 trillion current LCU | 1.96 trillion current LCU | 10 |
| 2020s | 2.41 trillion current LCU | 1.99 trillion current LCU | 2.78 trillion current LCU | 6 |
Countries ranked near Australia
More economy & growth data for Australia
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 1.36 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 2.26 Percent per annum (2029)
- Foreign direct investment, net outflows (BoP, current US$), gaps -4.55 billion BoP, current US$ (2025)
- Foreign direct investment, net outflows (BoP, current US$), per unit -0.0025 BoP, current US$ per US$ of GDP (2025)
- Foreign direct investment, net outflows (BoP, current US$), per capita -164.69 BoP, current US$ per person (2025)
- Foreign direct investment, net inflows (BoP, current US$), gaps filled 36.52 billion BoP, current US$ (2025)
- Foreign direct investment, net inflows (BoP, current US$), annual -32.02 % change on previous year (2025)
- Foreign direct investment, net inflows (BoP, current US$), per unit 0.0203 BoP, current US$ per US$ of GDP (2025)
- Foreign direct investment, net inflows (BoP, current US$), per capita 1,323 BoP, current US$ per person (2025)
- Total reserves (includes gold, current US$), annual growth rate 20.24 % change on previous year (2025)
Frequently asked questions
- What is gdp in Australia?
- Gdp in Australia was 2.78 trillion current LCU in 2025, according to Country official statistics, National Statistical Organizations and/or Central Banks.
- What is the highest gdp recorded in Australia?
- The highest recorded value was 2.78 trillion current LCU in 2025.
- What is the lowest gdp recorded in Australia?
- The lowest recorded value was 16.64 billion current LCU in 1960.
- How does Australia rank for gdp?
- Australia ranks 85th out of 214 countries with data for 2025.
- Is gdp rising or falling in Australia?
- Over the last ten years it is up 70.4%. The long-run trend across the full record is volatile.
- Where does this Australia data come from?
- The figures come from Country official statistics, National Statistical Organizations and/or Central Banks, published as part of GDP (current LCU). Statizoid updates them automatically from the source API.
Download this data
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About this data
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 current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.