GDP price levels relative to the US in Australia
Australia: GDP price levels relative to the US was 0.8959 in 2024. ▲ Rising
Latest (2024)
0.8959
Change on year
down 0.5%
World rank
16th
of 202 countries
All-time high
1.59
in 2012
All-time low
0.6993
in 2002
Years of data
35
1990–2024
GDP price levels relative to the US in Australia, 1990–2024
Source: World Development Indicators - World Bank (2026) – processed by Our World in Data.
Analysis
Australia recorded 0.8959 for gdp price levels relative to the us in 2024.
The figure is down 0.5% on the previous year and down 32.8% over ten years.
Over the whole period, gdp price levels relative to the us in Australia peaked at 1.59 in 2012 and was at its lowest, 0.6993, in 2002.
Australia ranks 16th of 202 countries on this measure, in the top 10%.
The long-run direction has been consistently rising across the 35 years of available data.
GDP price levels relative to the US in Australia, year by year
| Year | Value | Change |
|---|---|---|
| 1990 | 1.05 | — |
| 1991 | 1.06 | +0.7% |
| 1992 | 1.02 | -3.5% |
| 1993 | 0.9222 | -9.7% |
| 1994 | 0.9 | -2.4% |
| 1995 | 0.9729 | +8.1% |
| 1996 | 0.9965 | +2.4% |
| 1997 | 1.02 | +2.7% |
| 1998 | 0.8823 | -13.8% |
| 1999 | 0.8127 | -7.9% |
| 2000 | 0.8241 | +1.4% |
| 2001 | 0.7127 | -13.5% |
| 2002 | 0.6993 | -1.9% |
| 2003 | 0.7875 | +12.6% |
| 2004 | 0.9708 | +23.3% |
| 2005 | 1.04 | +7.5% |
| 2006 | 1.05 | +0.7% |
| 2007 | 1.12 | +6.6% |
| 2008 | 1.32 | +18.2% |
| 2009 | 1.06 | -19.8% |
| 2010 | 1.32 | +24.7% |
| 2011 | 1.49 | +12.5% |
| 2012 | 1.59 | +6.6% |
| 2013 | 1.48 | -6.5% |
| 2014 | 1.33 | -10.2% |
| 2015 | 1.23 | -8.1% |
| 2016 | 1.06 | -13.9% |
| 2017 | 1.11 | +5.6% |
| 2018 | 1.14 | +2.3% |
| 2019 | 1.04 | -8.4% |
| 2020 | 0.9594 | -8.1% |
| 2021 | 1.04 | +8.6% |
| 2022 | 0.9859 | -5.4% |
| 2023 | 0.9002 | -8.7% |
| 2024 | 0.8959 | -0.5% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 0.9641 | 0.8127 | 1.06 | 10 |
| 2000s | 0.9596 | 0.6993 | 1.32 | 10 |
| 2010s | 1.28 | 1.04 | 1.59 | 10 |
| 2020s | 0.9566 | 0.8959 | 1.04 | 5 |
Countries ranked near Australia
- 13 Vanuatu 0.946 compare
- 14 Marshall Islands 0.9429 compare
- 15 Faroe Islands 0.9049 compare
- 17 United States Virgin Islands 0.8901 compare
- 18 New Zealand 0.886 compare
- 19 Luxembourg 0.8828 compare
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)
- Services, value added (current US$), annual growth rate 4.46 % change on previous year (2025)
- Services, value added (current US$), per unit of GDP 0.6749 current US$ per US$ of GDP (2025)
- Services, value added (current US$), per capita 43,958 current US$ per person (2025)
- Services, value added (current LCU), annual growth rate 5.81 % change on previous year (2025)
- Services, value added (current LCU), per unit of GDP 1.04 current LCU per US$ of GDP (2025)
- Services, value added (current LCU), per capita 67,920 current LCU per person (2025)
- Services, value added (constant 2015 US$), annual growth rate 1.72 % change on previous year (2025)
- Services, value added (constant 2015 US$), per unit of GDP 0.663 constant 2015 US$ per US$ of GDP (2025)
Frequently asked questions
- What is gdp price levels relative to the us in Australia?
- Gdp price levels relative to the us in Australia was 0.8959 in 2024, according to World Development Indicators - World Bank (2026) – processed by Our World in Data.
- What is the highest gdp price levels relative to the us recorded in Australia?
- The highest recorded value was 1.59 in 2012.
- What is the lowest gdp price levels relative to the us recorded in Australia?
- The lowest recorded value was 0.6993 in 2002.
- How does Australia rank for gdp price levels relative to the us?
- Australia ranks 16th out of 202 countries with data for 2024.
- Is gdp price levels relative to the us rising or falling in Australia?
- Over the last ten years it is down 32.8%. The long-run trend across the full record is rising.
- Where does this Australia data come from?
- The figures come from World Development Indicators - World Bank (2026) – processed by Our World in Data, published as part of GDP price levels relative to the US. Statizoid updates them automatically from the source API.
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About this data
Ratio of Purchasing Power Parity (PPP) conversion factor to market exchange rate.