Gdp penn world table in Australia
Australia: Gdp penn world table was 1.70 trillion in 2023. ◆ Volatile
Latest (2023)
1.70 trillion
Change on year
up 0.9%
World rank
19th
of 184 countries
All-time high
1.70 trillion
in 2023
All-time low
122.59 billion
in 1952
Years of data
74
1950–2023
Gdp penn world table in Australia, 1950–2023
Source: Our World in Data.
Analysis
In 2023, gdp penn world table in Australia stood at 1.70 trillion. That is the highest value across all 74 years on record.
The figure is up 0.9% on the previous year and up 25.2% over ten years.
Over the whole period, gdp penn world table in Australia peaked at 1.70 trillion in 2023 and was at its lowest, 122.59 billion, in 1952.
That places Australia 19th out of 184 countries with data for 2023, putting it in the top 10%.
The series is highly variable year to year, so single readings are best treated with caution.
Gdp penn world table in Australia, year by year
| Year | Value | Change |
|---|---|---|
| 1950 | 128.19 billion | — |
| 1951 | 124.06 billion | -3.2% |
| 1952 | 122.59 billion | -1.2% |
| 1953 | 137.92 billion | +12.5% |
| 1954 | 148.03 billion | +7.3% |
| 1955 | 155.35 billion | +4.9% |
| 1956 | 157.83 billion | +1.6% |
| 1957 | 158.97 billion | +0.7% |
| 1958 | 171.39 billion | +7.8% |
| 1959 | 182.58 billion | +6.5% |
| 1960 | 185.37 billion | +1.5% |
| 1961 | 191.04 billion | +3.1% |
| 1962 | 201.46 billion | +5.5% |
| 1963 | 215.83 billion | +7.1% |
| 1964 | 226.46 billion | +4.9% |
| 1965 | 229.68 billion | +1.4% |
| 1966 | 245.46 billion | +6.9% |
| 1967 | 256.64 billion | +4.6% |
| 1968 | 275.99 billion | +7.5% |
| 1969 | 297.07 billion | +7.6% |
| 1970 | 308.80 billion | +3.9% |
| 1971 | 320.95 billion | +3.9% |
| 1972 | 331.35 billion | +3.2% |
| 1973 | 346.08 billion | +4.4% |
| 1974 | 334.85 billion | -3.2% |
| 1975 | 341.37 billion | +1.9% |
| 1976 | 356.68 billion | +4.5% |
| 1977 | 363.13 billion | +1.8% |
| 1978 | 379.90 billion | +4.6% |
| 1979 | 392.12 billion | +3.2% |
| 1980 | 404.87 billion | +3.3% |
| 1981 | 423.15 billion | +4.5% |
| 1982 | 413.81 billion | -2.2% |
| 1983 | 437.97 billion | +5.8% |
| 1984 | 454.32 billion | +3.7% |
| 1985 | 466.61 billion | +2.7% |
| 1986 | 479.62 billion | +2.8% |
| 1987 | 518.99 billion | +8.2% |
| 1988 | 548.37 billion | +5.7% |
| 1989 | 568.73 billion | +3.7% |
| 1990 | 568.73 billion | -0.0% |
| 1991 | 568.05 billion | -0.1% |
| 1992 | 591.39 billion | +4.1% |
| 1993 | 612.45 billion | +3.6% |
| 1994 | 640.77 billion | +4.6% |
| 1995 | 675.53 billion | +5.4% |
| 1996 | 714.36 billion | +5.7% |
| 1997 | 749.88 billion | +5.0% |
| 1998 | 774.14 billion | +3.2% |
| 1999 | 811.13 billion | +4.8% |
| 2000 | 837.16 billion | +3.2% |
| 2001 | 864.91 billion | +3.3% |
| 2002 | 888.43 billion | +2.7% |
| 2003 | 927.47 billion | +4.4% |
| 2004 | 958.76 billion | +3.4% |
| 2005 | 1.03 trillion | +7.0% |
| 2006 | 1.05 trillion | +2.0% |
| 2007 | 1.07 trillion | +2.6% |
| 2008 | 1.13 trillion | +5.2% |
| 2009 | 1.13 trillion | +0.1% |
| 2010 | 1.24 trillion | +9.8% |
| 2011 | 1.31 trillion | +5.8% |
| 2012 | 1.31 trillion | -0.4% |
| 2013 | 1.36 trillion | +3.9% |
| 2014 | 1.36 trillion | +0.3% |
| 2015 | 1.29 trillion | -5.3% |
| 2016 | 1.38 trillion | +7.1% |
| 2017 | 1.42 trillion | +3.1% |
| 2018 | 1.49 trillion | +4.9% |
| 2019 | 1.54 trillion | +2.9% |
| 2020 | 1.58 trillion | +2.9% |
| 2021 | 1.64 trillion | +3.6% |
| 2022 | 1.69 trillion | +2.9% |
| 2023 | 1.70 trillion | +0.9% |
Australia compared with similar countries
- Australia's 1.70 trillion is above the median for high income countries, which is 277.84 billion, 6.1× the median. (66 countries reporting)
- Australia's 1.70 trillion is above the median for East Asia & Pacific, which is 596.79 billion, 2.9× the median. (19 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1950s | 148.69 billion | 122.59 billion | 182.58 billion | 10 |
| 1960s | 232.50 billion | 185.37 billion | 297.07 billion | 10 |
| 1970s | 347.52 billion | 308.80 billion | 392.12 billion | 10 |
| 1980s | 471.64 billion | 404.87 billion | 568.73 billion | 10 |
| 1990s | 670.64 billion | 568.05 billion | 811.13 billion | 10 |
| 2000s | 988.46 billion | 837.16 billion | 1.13 trillion | 10 |
| 2010s | 1.37 trillion | 1.24 trillion | 1.54 trillion | 10 |
| 2020s | 1.65 trillion | 1.58 trillion | 1.70 trillion | 4 |
Countries ranked near Australia
More economy & growth data for Australia
- Real gdp growth, annual growth rate 96.31 % change on previous year (2025)
- 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)
- SDRs holdings, US dollar, annual growth rate 15.83 % change on previous year (2025)
- SDRs holdings, US dollar, per unit of GDP 0.0083 units per US$ of GDP (2025)
- SDRs holdings, US dollar, per capita 537.43 units per person (2025)
- SDRs holdings, SDR, annual growth rate 10.3 % change on previous year (2025)
- SDRs holdings, SDR, per unit of GDP 0.006 units per US$ of GDP (2025)
- SDRs holdings, SDR, per capita 392.43 units per person (2025)
- IMF holdings of currency, US dollar, annual growth rate 2.82 % change on previous year (2025)
Frequently asked questions
- What is gdp penn world table in Australia?
- Gdp penn world table in Australia was 1.70 trillion in 2023, according to Our World in Data.
- What is the highest gdp penn world table recorded in Australia?
- The highest recorded value was 1.70 trillion in 2023.
- What is the lowest gdp penn world table recorded in Australia?
- The lowest recorded value was 122.59 billion in 1952.
- How does Australia rank for gdp penn world table?
- Australia ranks 19th out of 184 countries with data for 2023.
- Is gdp penn world table rising or falling in Australia?
- Over the last ten years it is up 25.2%. The long-run trend across the full record is volatile.
- Where does this Australia data come from?
- The figures come from Our World in Data, published as part of Gdp penn world table. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 74 observations, free to reuse under CC BY 4.0 (Our World in Data).