Gross domestic product (GDP), Constant prices, Purchasing power in Australia
Australia: Gross domestic product (GDP), Constant prices, Purchasing power was 1.11 in 2031. ◆ Volatile
Gross domestic product (GDP), Constant prices, Purchasing power in Australia, 1990–2031
Source: International Monetary Fund.
Analysis
In 2031, gross domestic product (gdp), constant prices, purchasing power in Australia stood at 1.11.
The figure is up 6.2% on the previous year and down 76.7% over ten years.
Over the whole period, gross domestic product (gdp), constant prices, purchasing power in Australia peaked at 4.77 in 2021 and was at its lowest, -2.46, in 2020.
Australia ranks 33rd of 37 countries on this measure, in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Gross domestic product (GDP), Constant prices, Purchasing power in Australia, year by year
| Year | Value | Change |
|---|---|---|
| 1990 | 0.1085 | — |
| 1991 | -2.18 | -2108.0% |
| 1992 | 1.56 | -171.7% |
| 1993 | 2.97 | +90.2% |
| 1994 | 3.85 | +29.8% |
| 1995 | 1.67 | -56.6% |
| 1996 | 2.77 | +65.8% |
| 1997 | 3.71 | +33.5% |
| 1998 | 3.59 | -3.0% |
| 1999 | 3.24 | -9.8% |
| 2000 | 1.91 | -41.0% |
| 2001 | 1.28 | -32.9% |
| 2002 | 2.98 | +132.3% |
| 2003 | 1.87 | -37.5% |
| 2004 | 2.97 | +59.0% |
| 2005 | 1.69 | -42.9% |
| 2006 | 1.06 | -37.2% |
| 2007 | 2.43 | +128.2% |
| 2008 | 0.4674 | -80.7% |
| 2009 | 0.1581 | -66.2% |
| 2010 | 1.01 | +539.6% |
| 2011 | 1.16 | +14.3% |
| 2012 | 2.04 | +76.3% |
| 2013 | 0.6208 | -69.5% |
| 2014 | 1.07 | +72.8% |
| 2015 | 0.8515 | -20.6% |
| 2016 | 1.02 | +19.4% |
| 2017 | 0.841 | -17.3% |
| 2018 | 1.21 | +43.4% |
| 2019 | 0.4783 | -60.3% |
| 2020 | -2.46 | -615.2% |
| 2021 | 4.77 | -293.7% |
| 2022 | 2.04 | -57.2% |
| 2023 | -0.276 | -113.5% |
| 2024 | -0.5869 | +112.6% |
| 2025 | 0.7121 | -221.3% |
| 2026 | 0.7492 | +5.2% |
| 2027 | 0.4917 | -34.4% |
| 2028 | 0.6475 | +31.7% |
| 2029 | 0.847 | +30.8% |
| 2030 | 1.05 | +23.5% |
| 2031 | 1.11 | +6.2% |
Australia compared with similar countries
- Australia's 1.11 is below the median for high income countries, which is 1.61, 69% of the median. (9 countries reporting)
- Australia's 1.11 is below the median for East Asia & Pacific, which is 1.7, 66% of the median. (30 countries reporting)
Biggest year-on-year movements
Years where Gross domestic product (GDP), Constant prices, Purchasing power in Australia changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 1991 | -2108.0% | 0.1085 | -2.18 |
| 2020 | -615.2% | 0.4783 | -2.46 |
| 2010 | +539.6% | 0.1581 | 1.01 |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 2.13 | -2.18 | 3.85 | 10 |
| 2000s | 1.68 | 0.1581 | 2.98 | 10 |
| 2010s | 1.03 | 0.4783 | 2.04 | 10 |
| 2020s | 0.6938 | -2.46 | 4.77 | 10 |
| 2030s | 1.08 | 1.05 | 1.11 | 2 |
Countries ranked near Australia
- 30 Samoa 1.32 compare
- 31 Japan 1.23 compare
- 32 Solomon Islands 1.19 compare
- 34 Papua New Guinea 0.9794 compare
- 35 Micronesia, Federated States of 0.662 compare
- 36 Kiribati 0.5589 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), constant prices, purchasing power in Australia?
- Gross domestic product (gdp), constant prices, purchasing power in Australia was 1.11 in 2031, according to International Monetary Fund.
- What is the highest gross domestic product (gdp), constant prices, purchasing power recorded in Australia?
- The highest recorded value was 4.77 in 2021.
- What is the lowest gross domestic product (gdp), constant prices, purchasing power recorded in Australia?
- The lowest recorded value was -2.46 in 2020.
- How does Australia rank for gross domestic product (gdp), constant prices, purchasing power?
- Australia ranks 33rd out of 37 countries with data for 2031.
- Is gross domestic product (gdp), constant prices, purchasing power rising or falling in Australia?
- Over the last ten years it is down 76.7%. The long-run trend across the full record is volatile.
- Where does this Australia data come from?
- The figures come from International Monetary Fund, published as part of Gross domestic product (GDP), Constant prices, Purchasing power parity (PPP) per capita percent change (National Accounts Statistics (SNA)). Statizoid updates them automatically from the source API.
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About this data
APD Regional Economic Outlook (REO) provides information on recent economic developments and prospects for countries in Asia and the Pacific. Data for the REO for Asia and Pacific is prepared in conjunction with the semi-annual World Economic Outlook (WEO) exercises, spring and fall. Data are consistent with the projections underlying the WEO. REO aggregate data may differ from WEO aggregates due to differences in group membership. Composite data for country groups are weighted averages of data for individual countries. Arithmetic weighted averages are used for all concepts except for inflation and broad money, for which geometric averages are used. PPP GDP weights from the WEO database are used for the aggregation of real GDP growth, real non-oil GDP growth, real per capita GDP growth, investment, national savings, broad money, claims on the nonfinancial private sector, and real and nominal effective exchange rates. Aggregates for other concepts are weighted by GDP in U.S. dollars at market exchange rates.