Gross domestic product (GDP), Current prices, Domestic currency in Australia
Australia: Gross domestic product (GDP), Current prices, Domestic currency was 1,995 in 2019. ◆ Volatile
Gross domestic product (GDP), Current prices, Domestic currency in Australia, 1960–2019
Source: International Monetary Fund.
Analysis
Australia recorded 1,995 for gross domestic product (gdp), current prices, domestic currency in 2019. That is the highest value across all 60 years on record.
That represents a change of up 5.0% on the previous year and up 58.1% over ten years.
Over the whole period, gross domestic product (gdp), current prices, domestic currency in Australia peaked at 1,995 in 2019 and was at its lowest, 17.29, in 1960.
Australia ranks 83rd of 194 countries on this measure, 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 |
|---|---|---|
| 1960 | 17.29 | — |
| 1961 | 17.45 | +0.9% |
| 1962 | 18.53 | +6.2% |
| 1963 | 20.22 | +9.2% |
| 1964 | 22.21 | +9.8% |
| 1965 | 23.88 | +7.5% |
| 1966 | 25.55 | +7.0% |
| 1967 | 28.28 | +10.7% |
| 1968 | 30.85 | +9.1% |
| 1969 | 34.67 | +12.4% |
| 1970 | 38.55 | +11.2% |
| 1971 | 42.61 | +10.5% |
| 1972 | 46.71 | +9.6% |
| 1973 | 55.16 | +18.1% |
| 1974 | 65.88 | +19.4% |
| 1975 | 76.91 | +16.7% |
| 1976 | 90.32 | +17.4% |
| 1977 | 100.54 | +11.3% |
| 1978 | 110.95 | +10.3% |
| 1979 | 127.33 | +14.8% |
| 1980 | 143.65 | +12.8% |
| 1981 | 164.42 | +14.5% |
| 1982 | 183.62 | +11.7% |
| 1983 | 198.88 | +8.3% |
| 1984 | 224.46 | +12.9% |
| 1985 | 249.14 | +11.0% |
| 1986 | 271.08 | +8.8% |
| 1987 | 304.96 | +12.5% |
| 1988 | 345.04 | +13.1% |
| 1989 | 388.12 | +12.5% |
| 1990 | 412.78 | +6.4% |
| 1991 | 415.78 | +0.7% |
| 1992 | 431.48 | +3.8% |
| 1993 | 454.33 | +5.3% |
| 1994 | 481.66 | +6.0% |
| 1995 | 510.75 | +6.0% |
| 1996 | 541.72 | +6.1% |
| 1997 | 572.21 | +5.6% |
| 1998 | 603.88 | +5.5% |
| 1999 | 636.74 | +5.4% |
| 2000 | 685.74 | +7.7% |
| 2001 | 728.42 | +6.2% |
| 2002 | 780.99 | +7.2% |
| 2003 | 828.03 | +6.0% |
| 2004 | 892.23 | +7.8% |
| 2005 | 961.7 | +7.8% |
| 2006 | 1,038 | +7.9% |
| 2007 | 1,131 | +9.0% |
| 2008 | 1,235 | +9.2% |
| 2009 | 1,262 | +2.1% |
| 2010 | 1,363 | +8.0% |
| 2011 | 1,468 | +7.7% |
| 2012 | 1,515 | +3.2% |
| 2013 | 1,568 | +3.5% |
| 2014 | 1,614 | +2.9% |
| 2015 | 1,640 | +1.6% |
| 2016 | 1,703 | +3.8% |
| 2017 | 1,808 | +6.2% |
| 2018 | 1,901 | +5.1% |
| 2019 | 1,995 | +5.0% |
Australia compared with similar countries
- Australia's 1,995 is above the median for high income countries, which is 434.67, 4.6× the median. (65 countries reporting)
- Australia's 1,995 is above the median for East Asia & Pacific, which is 434.67, 4.6× the median. (31 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 23.89 | 17.29 | 34.67 | 10 |
| 1970s | 75.49 | 38.55 | 127.33 | 10 |
| 1980s | 247.33 | 143.65 | 388.12 | 10 |
| 1990s | 506.13 | 412.78 | 636.74 | 10 |
| 2000s | 954.3 | 685.74 | 1,262 | 10 |
| 2010s | 1,658 | 1,363 | 1,995 | 10 |
Countries ranked near Australia
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)
- 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)
- IMF holdings of currency, US dollar, per unit of GDP 0.0037 units per US$ of GDP (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 1,995 in 2019, 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 1,995 in 2019.
- What is the lowest gross domestic product (gdp), current prices, domestic currency recorded in Australia?
- The lowest recorded value was 17.29 in 1960.
- How does Australia rank for gross domestic product (gdp), current prices, domestic currency?
- Australia ranks 83rd out of 194 countries with data for 2019.
- Is gross domestic product (gdp), current prices, domestic currency rising or falling in Australia?
- Over the last ten years it is up 58.1%. 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. Statizoid updates them automatically from the source API.
Download this data
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About this data
This dataset provides comprehensive data for investment and capital stock for the general government, private sector and public-private partnerships, across the Fund member countries.