Gross domestic product (GDP), Current prices, Domestic currency in Australia
Australia: Gross domestic product (GDP), Current prices, Domestic currency was 3.74 trillion in 2031. ◆ Volatile
Latest (2031)
3.74 trillion
Change on year
up 4.6%
World rank
14th
of 26 countries
All-time high
3.74 trillion
in 2031
All-time low
143.16 billion
in 1980
Years of data
52
1980–2031
Gross domestic product (GDP), Current prices, Domestic currency in Australia, 1980–2031
Source: International Monetary Fund.
Analysis
In 2031, gross domestic product (gdp), current prices, domestic currency in Australia stood at 3.74 trillion. That is the highest value across all 52 years on record.
Compared with earlier readings it is up 4.6% on the previous year and up 69.3% over ten years.
Over the whole period, gross domestic product (gdp), current prices, domestic currency in Australia peaked at 3.74 trillion in 2031 and was at its lowest, 143.16 billion, in 1980.
That places Australia 14th out of 26 countries with data for 2031, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Gross domestic product (GDP), Current prices, Domestic currency in Australia, year by year
| Year | Value | Change |
|---|---|---|
| 1980 | 143.16 billion | — |
| 1981 | 164.14 billion | +14.7% |
| 1982 | 184.09 billion | +12.2% |
| 1983 | 199.15 billion | +8.2% |
| 1984 | 224.42 billion | +12.7% |
| 1985 | 249.16 billion | +11.0% |
| 1986 | 270.86 billion | +8.7% |
| 1987 | 304.45 billion | +12.4% |
| 1988 | 346.18 billion | +13.7% |
| 1989 | 389.74 billion | +12.6% |
| 1990 | 415.50 billion | +6.6% |
| 1991 | 417.03 billion | +0.4% |
| 1992 | 433.10 billion | +3.9% |
| 1993 | 455.22 billion | +5.1% |
| 1994 | 483.69 billion | +6.3% |
| 1995 | 512.20 billion | +5.9% |
| 1996 | 543.24 billion | +6.1% |
| 1997 | 574.03 billion | +5.7% |
| 1998 | 607.18 billion | +5.8% |
| 1999 | 639.52 billion | +5.3% |
| 2000 | 688.74 billion | +7.7% |
| 2001 | 731.77 billion | +6.2% |
| 2002 | 783.68 billion | +7.1% |
| 2003 | 831.52 billion | +6.1% |
| 2004 | 895.76 billion | +7.7% |
| 2005 | 965.79 billion | +7.8% |
| 2006 | 1.04 trillion | +7.9% |
| 2007 | 1.14 trillion | +9.0% |
| 2008 | 1.24 trillion | +9.1% |
| 2009 | 1.27 trillion | +2.4% |
| 2010 | 1.37 trillion | +7.8% |
| 2011 | 1.47 trillion | +7.6% |
| 2012 | 1.52 trillion | +3.3% |
| 2013 | 1.58 trillion | +3.6% |
| 2014 | 1.62 trillion | +2.8% |
| 2015 | 1.65 trillion | +1.6% |
| 2016 | 1.70 trillion | +3.5% |
| 2017 | 1.81 trillion | +6.1% |
| 2018 | 1.90 trillion | +5.2% |
| 2019 | 2.00 trillion | +5.3% |
| 2020 | 1.98 trillion | -1.1% |
| 2021 | 2.21 trillion | +11.6% |
| 2022 | 2.49 trillion | +12.8% |
| 2023 | 2.63 trillion | +5.6% |
| 2024 | 2.73 trillion | +3.7% |
| 2025 | 2.85 trillion | +4.7% |
| 2026 | 3.02 trillion | +5.7% |
| 2027 | 3.15 trillion | +4.3% |
| 2028 | 3.28 trillion | +4.1% |
| 2029 | 3.42 trillion | +4.3% |
| 2030 | 3.57 trillion | +4.6% |
| 2031 | 3.74 trillion | +4.6% |
Australia compared with similar countries
- Australia's 3.74 trillion is above the median for high income countries, which is 2.99 trillion, 1.2× the median. (13 countries reporting)
- Australia's 3.74 trillion is below the median for East Asia & Pacific, which is 4.38 trillion, 85% of the median. (7 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 247.53 billion | 143.16 billion | 389.74 billion | 10 |
| 1990s | 508.07 billion | 415.50 billion | 639.52 billion | 10 |
| 2000s | 958.22 billion | 688.74 billion | 1.27 trillion | 10 |
| 2010s | 1.66 trillion | 1.37 trillion | 2.00 trillion | 10 |
| 2020s | 2.77 trillion | 1.98 trillion | 3.42 trillion | 10 |
| 2030s | 3.66 trillion | 3.57 trillion | 3.74 trillion | 2 |
Countries ranked near Australia
- 11 Saudi Arabia 6.49 trillion compare
- 12 Poland 5.38 trillion compare
- 13 Hong Kong, China 4.38 trillion compare
- 15 United Arab Emirates 2.99 trillion compare
- 16 Ghana 2.98 trillion compare
- 17 Spain 2.19 trillion 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), current prices, domestic currency in Australia?
- Gross domestic product (gdp), current prices, domestic currency in Australia was 3.74 trillion in 2031, according to International Monetary Fund.
- What is the highest gross domestic product (gdp), current prices, domestic currency recorded in Australia?
- The highest recorded value was 3.74 trillion in 2031.
- What is the lowest gross domestic product (gdp), current prices, domestic currency recorded in Australia?
- The lowest recorded value was 143.16 billion in 1980.
- How does Australia rank for gross domestic product (gdp), current prices, domestic currency?
- Australia ranks 14th out of 26 countries with data for 2031.
- Is gross domestic product (gdp), current prices, domestic currency rising or falling in Australia?
- Over the last ten years it is up 69.3%. 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), Current prices, Domestic currency (9/26/2025). Statizoid updates them automatically from the source API.
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About this data
The World Economic Outlook (WEO) database is created during the biannual WEO exercise, which begins in January and June of each year and results in the April and September/October WEO publication. Selected series from the publication are available in a database format.