Gross Domestic Product, GDP in millions constant 2021 international $ in Australia
Australia: Gross Domestic Product, GDP in millions constant 2021 international $ was 2.15 % change on previous year in 2027. ▼ Falling
Gross Domestic Product, GDP in millions constant 2021 international $ in Australia, 1992–2027
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
Australia recorded 2.15 % change on previous year for gross domestic product, gdp in millions constant 2021 international $ in 2027.
Compared with earlier readings it is up 0.2% on the previous year and down 5.6% over ten years.
Over the whole period, gross domestic product, gdp in millions constant 2021 international $ in Australia peaked at 5.42 % change on previous year in 2021 and was at its lowest, -1.95 % change on previous year, in 2020.
Australia ranks 142nd of 189 countries on this measure, in the bottom quarter.
The long-run direction has been consistently falling across the 36 years of available data.
Gross Domestic Product, GDP in millions constant 2021 international $ in Australia, year by year
| Year | % change on previous year | Change |
|---|---|---|
| 1992 | 0.4283 % change on previous year | — |
| 1993 | 4.05 % change on previous year | +844.9% |
| 1994 | 3.98 % change on previous year | -1.6% |
| 1995 | 3.89 % change on previous year | -2.4% |
| 1996 | 3.86 % change on previous year | -0.6% |
| 1997 | 3.91 % change on previous year | +1.3% |
| 1998 | 4.66 % change on previous year | +19.2% |
| 1999 | 5.03 % change on previous year | +7.8% |
| 2000 | 3.92 % change on previous year | -22.0% |
| 2001 | 2.03 % change on previous year | -48.4% |
| 2002 | 3.98 % change on previous year | +96.5% |
| 2003 | 3.09 % change on previous year | -22.3% |
| 2004 | 4.22 % change on previous year | +36.7% |
| 2005 | 3.15 % change on previous year | -25.3% |
| 2006 | 2.76 % change on previous year | -12.7% |
| 2007 | 3.77 % change on previous year | +36.9% |
| 2008 | 3.59 % change on previous year | -5.0% |
| 2009 | 1.89 % change on previous year | -47.2% |
| 2010 | 2.22 % change on previous year | +17.4% |
| 2011 | 2.41 % change on previous year | +8.4% |
| 2012 | 3.92 % change on previous year | +62.7% |
| 2013 | 2.6 % change on previous year | -33.6% |
| 2014 | 2.6 % change on previous year | -0.2% |
| 2015 | 2.19 % change on previous year | -15.6% |
| 2016 | 2.76 % change on previous year | +26.0% |
| 2017 | 2.28 % change on previous year | -17.4% |
| 2018 | 2.88 % change on previous year | +26.3% |
| 2019 | 2.17 % change on previous year | -24.6% |
| 2020 | -1.95 % change on previous year | -190.0% |
| 2021 | 5.42 % change on previous year | -377.4% |
| 2022 | 4.13 % change on previous year | -23.7% |
| 2023 | 2.07 % change on previous year | -50.0% |
| 2024 | 1.02 % change on previous year | -50.5% |
| 2025 | 1.81 % change on previous year | +76.9% |
| 2026 | 2.15 % change on previous year | +18.8% |
| 2027 | 2.15 % change on previous year | +0.2% |
Biggest year-on-year movements
Years where Gross Domestic Product, GDP in millions constant 2021 international $ 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 |
|---|---|---|---|
| 1993 | +844.9% | 0.4283 % change on previous year | 4.05 % change on previous year |
| 2021 | +377.4% | -1.95 % change on previous year | 5.42 % change on previous year |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 3.73 % change on previous year | 0.4283 % change on previous year | 5.03 % change on previous year | 8 |
| 2000s | 3.24 % change on previous year | 1.89 % change on previous year | 4.22 % change on previous year | 10 |
| 2010s | 2.6 % change on previous year | 2.17 % change on previous year | 3.92 % change on previous year | 10 |
| 2020s | 2.1 % change on previous year | -1.95 % change on previous year | 5.42 % change on previous year | 8 |
Countries ranked near Australia
- 139 Thailand 2.19 % change on previous year compare
- 140 Afghanistan 2.19 % change on previous year compare
- 141 Belize 2.17 % change on previous year compare
- 143 Korea 2.15 % change on previous year compare
- 144 Lithuania 2.13 % change on previous year compare
- 145 Eritrea 2.07 % change on previous year 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 in millions constant 2021 international $ in Australia?
- Gross domestic product, gdp in millions constant 2021 international $ in Australia was 2.15 % change on previous year in 2027, according to Statizoid (derived).
- What is the highest gross domestic product, gdp in millions constant 2021 international $ recorded in Australia?
- The highest recorded value was 5.42 % change on previous year in 2021.
- What is the lowest gross domestic product, gdp in millions constant 2021 international $ recorded in Australia?
- The lowest recorded value was -1.95 % change on previous year in 2020.
- How does Australia rank for gross domestic product, gdp in millions constant 2021 international $?
- Australia ranks 142nd out of 189 countries with data for 2027.
- Is gross domestic product, gdp in millions constant 2021 international $ rising or falling in Australia?
- Over the last ten years it is down 5.6%. The long-run trend across the full record is falling.
- Where does this Australia data come from?
- The figures come from Statizoid (derived), published as part of Gross Domestic Product, GDP in millions constant 2021 international $ at PPP (ILO modelled estimates), annual growth rate. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 36 observations, free to reuse under Derived by Statizoid from the sources named on the page.
How this figure is calculated
The year-on-year percentage change in Gross Domestic Product, GDP in millions constant 2021 international $ at PPP (ILO modelled estimates). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.
Computed from
- Gross Domestic Product, GDP in millions constant 2021 international $ International Labour Organization
Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.
About this data
The year-on-year percentage change in Gross Domestic Product, GDP in millions constant 2021 international $ at PPP (ILO modelled estimates). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.