Gross domestic product (GDP) in Australia
Australia: Gross domestic product (GDP) was 1.69 trillion constant 2015 US$ in 2025. ◆ Volatile
Latest (2025)
1.69 trillion constant 2015 US$
Change on year
up 1.4%
World rank
12th
of 209 countries
All-time high
1.69 trillion constant 2015 US$
in 2025
All-time low
205.09 billion constant 2015 US$
in 1960
Years of data
66
1960–2025
Gross domestic product (GDP) in Australia, 1960–2025
Source: National statistical organizations and central banks, OECD national accounts, and World Bank staff estimates (2026) – with minor processing by Our World in Data. Measured in constant 2015 US$.
Analysis
In 2025, gross domestic product (gdp) in Australia stood at 1.69 trillion constant 2015 US$. That is the highest value across all 66 years on record.
That represents a change of up 1.4% on the previous year and up 24.9% over ten years.
Over the whole period, gross domestic product (gdp) in Australia peaked at 1.69 trillion constant 2015 US$ in 2025 and was at its lowest, 205.09 billion constant 2015 US$, in 1960.
Australia ranks 12th of 209 countries on this measure, in the top 10%.
The series is highly variable year to year, so single readings are best treated with caution.
Gross domestic product (GDP) in Australia, year by year
| Year | constant 2015 US$ | Change |
|---|---|---|
| 1960 | 205.09 billion constant 2015 US$ | — |
| 1961 | 210.18 billion constant 2015 US$ | +2.5% |
| 1962 | 212.90 billion constant 2015 US$ | +1.3% |
| 1963 | 226.13 billion constant 2015 US$ | +6.2% |
| 1964 | 241.91 billion constant 2015 US$ | +7.0% |
| 1965 | 256.37 billion constant 2015 US$ | +6.0% |
| 1966 | 262.48 billion constant 2015 US$ | +2.4% |
| 1967 | 279.03 billion constant 2015 US$ | +6.3% |
| 1968 | 293.25 billion constant 2015 US$ | +5.1% |
| 1969 | 313.91 billion constant 2015 US$ | +7.0% |
| 1970 | 336.44 billion constant 2015 US$ | +7.2% |
| 1971 | 349.90 billion constant 2015 US$ | +4.0% |
| 1972 | 363.57 billion constant 2015 US$ | +3.9% |
| 1973 | 373.09 billion constant 2015 US$ | +2.6% |
| 1974 | 388.41 billion constant 2015 US$ | +4.1% |
| 1975 | 393.61 billion constant 2015 US$ | +1.3% |
| 1976 | 403.79 billion constant 2015 US$ | +2.6% |
| 1977 | 418.30 billion constant 2015 US$ | +3.6% |
| 1978 | 422.04 billion constant 2015 US$ | +0.9% |
| 1979 | 439.14 billion constant 2015 US$ | +4.1% |
| 1980 | 452.47 billion constant 2015 US$ | +3.0% |
| 1981 | 467.59 billion constant 2015 US$ | +3.3% |
| 1982 | 483.16 billion constant 2015 US$ | +3.3% |
| 1983 | 472.40 billion constant 2015 US$ | -2.2% |
| 1984 | 493.97 billion constant 2015 US$ | +4.6% |
| 1985 | 520.06 billion constant 2015 US$ | +5.3% |
| 1986 | 540.70 billion constant 2015 US$ | +4.0% |
| 1987 | 554.52 billion constant 2015 US$ | +2.6% |
| 1988 | 586.47 billion constant 2015 US$ | +5.8% |
| 1989 | 609.22 billion constant 2015 US$ | +3.9% |
| 1990 | 630.99 billion constant 2015 US$ | +3.6% |
| 1991 | 628.56 billion constant 2015 US$ | -0.4% |
| 1992 | 631.28 billion constant 2015 US$ | +0.4% |
| 1993 | 656.83 billion constant 2015 US$ | +4.0% |
| 1994 | 682.96 billion constant 2015 US$ | +4.0% |
| 1995 | 709.53 billion constant 2015 US$ | +3.9% |
| 1996 | 736.96 billion constant 2015 US$ | +3.9% |
| 1997 | 765.83 billion constant 2015 US$ | +3.9% |
| 1998 | 801.65 billion constant 2015 US$ | +4.7% |
| 1999 | 841.96 billion constant 2015 US$ | +5.0% |
| 2000 | 874.93 billion constant 2015 US$ | +3.9% |
| 2001 | 892.70 billion constant 2015 US$ | +2.0% |
| 2002 | 927.96 billion constant 2015 US$ | +3.9% |
| 2003 | 956.65 billion constant 2015 US$ | +3.1% |
| 2004 | 997.01 billion constant 2015 US$ | +4.2% |
| 2005 | 1.03 trillion constant 2015 US$ | +3.2% |
| 2006 | 1.06 trillion constant 2015 US$ | +2.8% |
| 2007 | 1.10 trillion constant 2015 US$ | +3.8% |
| 2008 | 1.14 trillion constant 2015 US$ | +3.6% |
| 2009 | 1.16 trillion constant 2015 US$ | +2.0% |
| 2010 | 1.18 trillion constant 2015 US$ | +2.2% |
| 2011 | 1.21 trillion constant 2015 US$ | +2.4% |
| 2012 | 1.26 trillion constant 2015 US$ | +4.0% |
| 2013 | 1.29 trillion constant 2015 US$ | +2.7% |
| 2014 | 1.33 trillion constant 2015 US$ | +2.6% |
| 2015 | 1.36 trillion constant 2015 US$ | +2.2% |
| 2016 | 1.39 trillion constant 2015 US$ | +2.8% |
| 2017 | 1.43 trillion constant 2015 US$ | +2.3% |
| 2018 | 1.47 trillion constant 2015 US$ | +2.9% |
| 2019 | 1.50 trillion constant 2015 US$ | +2.2% |
| 2020 | 1.50 trillion constant 2015 US$ | -0.1% |
| 2021 | 1.53 trillion constant 2015 US$ | +2.0% |
| 2022 | 1.59 trillion constant 2015 US$ | +4.3% |
| 2023 | 1.65 trillion constant 2015 US$ | +3.6% |
| 2024 | 1.67 trillion constant 2015 US$ | +1.4% |
| 2025 | 1.69 trillion constant 2015 US$ | +1.4% |
Australia compared with similar countries
- Australia's 1.69 trillion constant 2015 US$ is above the median for high income countries, which is 76.03 billion constant 2015 US$, 22.3× the median. (80 countries reporting)
- Australia's 1.69 trillion constant 2015 US$ is above the median for East Asia & Pacific, which is 17.42 billion constant 2015 US$, 97.3× the median. (35 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 250.12 billion constant 2015 US$ | 205.09 billion constant 2015 US$ | 313.91 billion constant 2015 US$ | 10 |
| 1970s | 388.83 billion constant 2015 US$ | 336.44 billion constant 2015 US$ | 439.14 billion constant 2015 US$ | 10 |
| 1980s | 518.06 billion constant 2015 US$ | 452.47 billion constant 2015 US$ | 609.22 billion constant 2015 US$ | 10 |
| 1990s | 708.65 billion constant 2015 US$ | 628.56 billion constant 2015 US$ | 841.96 billion constant 2015 US$ | 10 |
| 2000s | 1.01 trillion constant 2015 US$ | 874.93 billion constant 2015 US$ | 1.16 trillion constant 2015 US$ | 10 |
| 2010s | 1.34 trillion constant 2015 US$ | 1.18 trillion constant 2015 US$ | 1.50 trillion constant 2015 US$ | 10 |
| 2020s | 1.61 trillion constant 2015 US$ | 1.50 trillion constant 2015 US$ | 1.69 trillion constant 2015 US$ | 6 |
Countries ranked near Australia
- 9 Italy 2.05 trillion constant 2015 US$ compare
- 10 South Korea 1.94 trillion constant 2015 US$ compare
- 11 Canada 1.89 trillion constant 2015 US$ compare
- 13 Russia 1.64 trillion constant 2015 US$ compare
- 14 Spain 1.47 trillion constant 2015 US$ compare
- 15 Turkey 1.36 trillion constant 2015 US$ 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)
- 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$), annual growth rate 20.24 % change on previous year (2025)
Frequently asked questions
- What is gross domestic product (gdp) in Australia?
- Gross domestic product (gdp) in Australia was 1.69 trillion constant 2015 US$ in 2025, according to National statistical organizations and central banks, OECD national accounts, and World Bank staff estimates (2026) – with minor processing by Our World in Data.
- What is the highest gross domestic product (gdp) recorded in Australia?
- The highest recorded value was 1.69 trillion constant 2015 US$ in 2025.
- What is the lowest gross domestic product (gdp) recorded in Australia?
- The lowest recorded value was 205.09 billion constant 2015 US$ in 1960.
- How does Australia rank for gross domestic product (gdp)?
- Australia ranks 12th out of 209 countries with data for 2025.
- Is gross domestic product (gdp) rising or falling in Australia?
- Over the last ten years it is up 24.9%. The long-run trend across the full record is volatile.
- Where does this Australia data come from?
- The figures come from National statistical organizations and central banks, OECD national accounts, and World Bank staff estimates (2026) – with minor processing by Our World in Data, published as part of Gross domestic product (GDP). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 66 observations, free to reuse under CC BY 4.0 (Our World in Data).
About this data
Total economic output of a country or region per year. This data is adjusted by inflation but _does not_ account for differences in living costs between countries.