Gross domestic product (GDP), Current prices, Purchasing power parity in Australia
Australia: Gross domestic product (GDP), Current prices, Purchasing power parity was 2.54 trillion in 2031. ◆ Volatile
Latest (2031)
2.54 trillion
Change on year
up 4.2%
World rank
11th
of 26 countries
All-time high
2.54 trillion
in 2031
All-time low
152.44 billion
in 1980
Years of data
52
1980–2031
Gross domestic product (GDP), Current prices, Purchasing power parity in Australia, 1980–2031
Source: International Monetary Fund.
Analysis
In 2031, gross domestic product (gdp), current prices, purchasing power parity in Australia stood at 2.54 trillion. That is the highest value across all 52 years on record.
The figure is up 4.2% on the previous year and up 63.3% over ten years.
Over the whole period, gross domestic product (gdp), current prices, purchasing power parity in Australia peaked at 2.54 trillion in 2031 and was at its lowest, 152.44 billion, in 1980.
Australia ranks 11th of 26 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, Purchasing power parity in Australia, year by year
| Year | Value | Change |
|---|---|---|
| 1980 | 152.44 billion | — |
| 1981 | 173.75 billion | +14.0% |
| 1982 | 184.60 billion | +6.2% |
| 1983 | 190.93 billion | +3.4% |
| 1984 | 210.37 billion | +10.2% |
| 1985 | 228.86 billion | +8.8% |
| 1986 | 239.19 billion | +4.5% |
| 1987 | 257.11 billion | +7.5% |
| 1988 | 277.50 billion | +7.9% |
| 1989 | 301.73 billion | +8.7% |
| 1990 | 317.68 billion | +5.3% |
| 1991 | 325.18 billion | +2.4% |
| 1992 | 341.25 billion | +4.9% |
| 1993 | 363.02 billion | +6.4% |
| 1994 | 388.85 billion | +7.1% |
| 1995 | 408.75 billion | +5.1% |
| 1996 | 432.75 billion | +5.9% |
| 1997 | 461.01 billion | +6.5% |
| 1998 | 488.04 billion | +5.9% |
| 1999 | 516.83 billion | +5.9% |
| 2000 | 544.97 billion | +5.4% |
| 2001 | 571.63 billion | +4.9% |
| 2002 | 604.59 billion | +5.8% |
| 2003 | 635.13 billion | +5.1% |
| 2004 | 678.97 billion | +6.9% |
| 2005 | 721.55 billion | +6.3% |
| 2006 | 763.41 billion | +5.8% |
| 2007 | 818.26 billion | +7.2% |
| 2008 | 856.24 billion | +4.6% |
| 2009 | 878.56 billion | +2.6% |
| 2010 | 910.83 billion | +3.7% |
| 2011 | 955.19 billion | +4.9% |
| 2012 | 1.01 trillion | +5.8% |
| 2013 | 1.05 trillion | +4.0% |
| 2014 | 1.10 trillion | +4.3% |
| 2015 | 1.13 trillion | +3.3% |
| 2016 | 1.17 trillion | +3.7% |
| 2017 | 1.22 trillion | +4.2% |
| 2018 | 1.29 trillion | +5.7% |
| 2019 | 1.37 trillion | +6.1% |
| 2020 | 1.38 trillion | +0.8% |
| 2021 | 1.56 trillion | +12.7% |
| 2022 | 1.74 trillion | +11.6% |
| 2023 | 1.84 trillion | +5.9% |
| 2024 | 1.91 trillion | +3.5% |
| 2025 | 2.00 trillion | +4.9% |
| 2026 | 2.10 trillion | +4.9% |
| 2027 | 2.18 trillion | +3.9% |
| 2028 | 2.26 trillion | +3.5% |
| 2029 | 2.35 trillion | +3.9% |
| 2030 | 2.44 trillion | +4.1% |
| 2031 | 2.54 trillion | +4.2% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 221.65 billion | 152.44 billion | 301.73 billion | 10 |
| 1990s | 404.34 billion | 317.68 billion | 516.83 billion | 10 |
| 2000s | 707.33 billion | 544.97 billion | 878.56 billion | 10 |
| 2010s | 1.12 trillion | 910.83 billion | 1.37 trillion | 10 |
| 2020s | 1.93 trillion | 1.38 trillion | 2.35 trillion | 10 |
| 2030s | 2.49 trillion | 2.44 trillion | 2.54 trillion | 2 |
Countries ranked near Australia
- 8 Nigeria 3.27 trillion compare
- 9 Chinese Taipei 2.82 trillion compare
- 10 Poland 2.68 trillion compare
- 12 Thailand 2.42 trillion compare
- 13 Iran, Islamic Republic of 2.17 trillion compare
- 14 United Arab Emirates 1.37 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)
- Total reserves minus gold (current US$), annual growth rate 14.07 % change on previous year (2025)
- Total reserves minus gold (current US$), per unit of GDP 0.0345 current US$ per US$ of GDP (2025)
- Total reserves minus gold (current US$), per capita 2,249 current US$ per person (2025)
- General government final consumption expenditure (current US$) 7 % change on previous year (2025)
- General government final consumption expenditure (current US$), per 0.2315 current US$ per US$ of GDP (2025)
- General government final consumption expenditure (current US$), per 15,077 current US$ per person (2025)
- General government final consumption expenditure (current LCU) 8.39 % change on previous year (2025)
- General government final consumption expenditure (current LCU), per 0.3577 current LCU per US$ of GDP (2025)
Frequently asked questions
- What is gross domestic product (gdp), current prices, purchasing power parity in Australia?
- Gross domestic product (gdp), current prices, purchasing power parity in Australia was 2.54 trillion in 2031, according to International Monetary Fund.
- What is the highest gross domestic product (gdp), current prices, purchasing power parity recorded in Australia?
- The highest recorded value was 2.54 trillion in 2031.
- What is the lowest gross domestic product (gdp), current prices, purchasing power parity recorded in Australia?
- The lowest recorded value was 152.44 billion in 1980.
- How does Australia rank for gross domestic product (gdp), current prices, purchasing power parity?
- Australia ranks 11th out of 26 countries with data for 2031.
- Is gross domestic product (gdp), current prices, purchasing power parity rising or falling in Australia?
- Over the last ten years it is up 63.3%. 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, Purchasing power parity (PPP) international dollar, ICP benchmarks 2017-2021 (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.