Gross domestic product (GDP), Current prices, US dollar in Australia
Australia: Gross domestic product (GDP), Current prices, US dollar was 2.59 trillion in 2031. ◆ Volatile
Gross domestic product (GDP), Current prices, US dollar in Australia, 1980–2031
Source: International Monetary Fund.
Analysis
The most recent figure for gross domestic product (gdp), current prices, us dollar in Australia is 2.59 trillion, measured in 2031. That is the highest value across all 52 years on record.
The figure is up 4.3% on the previous year and up 56.0% over ten years.
Over the whole period, gross domestic product (gdp), current prices, us dollar in Australia peaked at 2.59 trillion in 2031 and was at its lowest, 163.13 billion, in 1980.
That places Australia 3rd out of 26 countries with data for 2031, putting it in the top 10%.
The series is highly variable year to year, so single readings are best treated with caution.
Gross domestic product (GDP), Current prices, US dollar in Australia, year by year
| Year | Value | Change |
|---|---|---|
| 1980 | 163.13 billion | — |
| 1981 | 188.65 billion | +15.6% |
| 1982 | 187.29 billion | -0.7% |
| 1983 | 179.71 billion | -4.0% |
| 1984 | 197.39 billion | +9.8% |
| 1985 | 174.61 billion | -11.5% |
| 1986 | 181.71 billion | +4.1% |
| 1987 | 213.38 billion | +17.4% |
| 1988 | 271.44 billion | +27.2% |
| 1989 | 308.79 billion | +13.8% |
| 1990 | 324.57 billion | +5.1% |
| 1991 | 324.90 billion | +0.1% |
| 1992 | 318.45 billion | -2.0% |
| 1993 | 309.74 billion | -2.7% |
| 1994 | 353.90 billion | +14.3% |
| 1995 | 379.79 billion | +7.3% |
| 1996 | 425.32 billion | +12.0% |
| 1997 | 427.11 billion | +0.4% |
| 1998 | 382.16 billion | -10.5% |
| 1999 | 412.70 billion | +8.0% |
| 2000 | 401.04 billion | -2.8% |
| 2001 | 378.78 billion | -5.6% |
| 2002 | 426.23 billion | +12.5% |
| 2003 | 542.02 billion | +27.2% |
| 2004 | 659.80 billion | +21.7% |
| 2005 | 737.71 billion | +11.8% |
| 2006 | 784.87 billion | +6.4% |
| 2007 | 951.94 billion | +21.3% |
| 2008 | 1.06 trillion | +11.3% |
| 2009 | 1.00 trillion | -5.2% |
| 2010 | 1.26 trillion | +25.3% |
| 2011 | 1.52 trillion | +20.8% |
| 2012 | 1.58 trillion | +3.6% |
| 2013 | 1.53 trillion | -3.1% |
| 2014 | 1.46 trillion | -4.2% |
| 2015 | 1.24 trillion | -15.3% |
| 2016 | 1.27 trillion | +2.3% |
| 2017 | 1.39 trillion | +9.4% |
| 2018 | 1.42 trillion | +2.6% |
| 2019 | 1.39 trillion | -2.2% |
| 2020 | 1.37 trillion | -1.8% |
| 2021 | 1.66 trillion | +21.5% |
| 2022 | 1.73 trillion | +4.3% |
| 2023 | 1.75 trillion | +1.0% |
| 2024 | 1.80 trillion | +2.9% |
| 2025 | 1.84 trillion | +2.3% |
| 2026 | 2.12 trillion | +15.4% |
| 2027 | 2.21 trillion | +4.1% |
| 2028 | 2.29 trillion | +3.7% |
| 2029 | 2.38 trillion | +3.8% |
| 2030 | 2.48 trillion | +4.3% |
| 2031 | 2.59 trillion | +4.3% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 206.61 billion | 163.13 billion | 308.79 billion | 10 |
| 1990s | 365.86 billion | 309.74 billion | 427.11 billion | 10 |
| 2000s | 694.61 billion | 378.78 billion | 1.06 trillion | 10 |
| 2010s | 1.41 trillion | 1.24 trillion | 1.58 trillion | 10 |
| 2020s | 1.92 trillion | 1.37 trillion | 2.38 trillion | 10 |
| 2030s | 2.54 trillion | 2.48 trillion | 2.59 trillion | 2 |
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)
- Exports of goods and services (current LCU), annual growth rate -2.11 % change on previous year (2025)
- Exports of goods and services (current LCU), per unit of GDP 0.3592 current LCU per US$ of GDP (2025)
- Exports of goods and services (current LCU), per capita 23,391 current LCU per person (2025)
- Exports of goods and services (constant 2015 US$), annual growth rate 0.7921 % change on previous year (2025)
- Exports of goods and services (constant 2015 US$), per unit of GDP 0.1832 constant 2015 US$ per US$ of GDP (2025)
- Exports of goods and services (constant 2015 US$), per capita 11,934 constant 2015 US$ per person (2025)
- Gross fixed capital formation (current US$), annual growth rate 3.37 % change on previous year (2025)
- Gross fixed capital formation (current US$), per unit of GDP 0.2433 current US$ per US$ of GDP (2025)
Frequently asked questions
- What is gross domestic product (gdp), current prices, us dollar in Australia?
- Gross domestic product (gdp), current prices, us dollar in Australia was 2.59 trillion in 2031, according to International Monetary Fund.
- What is the highest gross domestic product (gdp), current prices, us dollar recorded in Australia?
- The highest recorded value was 2.59 trillion in 2031.
- What is the lowest gross domestic product (gdp), current prices, us dollar recorded in Australia?
- The lowest recorded value was 163.13 billion in 1980.
- How does Australia rank for gross domestic product (gdp), current prices, us dollar?
- Australia ranks 3rd out of 26 countries with data for 2031.
- Is gross domestic product (gdp), current prices, us dollar rising or falling in Australia?
- Over the last ten years it is up 56.0%. 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, US dollar (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.