Gross Domestic Product, GDP in millions constant 2021 international $ in Australia
Australia: Gross Domestic Product, GDP in millions constant 2021 international $ was 1.73 million in 2027. ▲ Rising
Gross Domestic Product, GDP in millions constant 2021 international $ in Australia, 1991–2027
Source: International Labour Organization.
Analysis
Australia recorded 1.73 million for gross domestic product, gdp in millions constant 2021 international $ in 2027. That is the highest value across all 37 years on record.
That represents a change of up 2.2% on the previous year and up 23.9% over ten years.
Over the whole period, gross domestic product, gdp in millions constant 2021 international $ in Australia peaked at 1.73 million in 2027 and was at its lowest, 615,486, in 1991.
Australia ranks 22nd of 188 countries on this measure, in the top quarter.
The long-run direction has been consistently rising across the 37 years of available data.
Gross Domestic Product, GDP in millions constant 2021 international $ in Australia, year by year
| Year | Value | Change |
|---|---|---|
| 1991 | 615,486 | — |
| 1992 | 618,122 | +0.4% |
| 1993 | 643,136 | +4.0% |
| 1994 | 668,735 | +4.0% |
| 1995 | 694,722 | +3.9% |
| 1996 | 721,565 | +3.9% |
| 1997 | 749,801 | +3.9% |
| 1998 | 784,766 | +4.7% |
| 1999 | 824,222 | +5.0% |
| 2000 | 856,544 | +3.9% |
| 2001 | 873,890 | +2.0% |
| 2002 | 908,667 | +4.0% |
| 2003 | 936,752 | +3.1% |
| 2004 | 976,322 | +4.2% |
| 2005 | 1.01 million | +3.2% |
| 2006 | 1.03 million | +2.8% |
| 2007 | 1.07 million | +3.8% |
| 2008 | 1.11 million | +3.6% |
| 2009 | 1.13 million | +1.9% |
| 2010 | 1.16 million | +2.2% |
| 2011 | 1.19 million | +2.4% |
| 2012 | 1.23 million | +3.9% |
| 2013 | 1.27 million | +2.6% |
| 2014 | 1.30 million | +2.6% |
| 2015 | 1.33 million | +2.2% |
| 2016 | 1.36 million | +2.8% |
| 2017 | 1.39 million | +2.3% |
| 2018 | 1.43 million | +2.9% |
| 2019 | 1.47 million | +2.2% |
| 2020 | 1.44 million | -2.0% |
| 2021 | 1.51 million | +5.4% |
| 2022 | 1.58 million | +4.1% |
| 2023 | 1.61 million | +2.1% |
| 2024 | 1.63 million | +1.0% |
| 2025 | 1.66 million | +1.8% |
| 2026 | 1.69 million | +2.1% |
| 2027 | 1.73 million | +2.2% |
Australia compared with similar countries
- Australia's 1.73 million is above the median for high income countries, which is 390,765, 4.4× the median. (62 countries reporting)
- Australia's 1.73 million is above the median for East Asia & Pacific, which is 84,340, 20.5× the median. (29 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 702,284 | 615,486 | 824,222 | 9 |
| 2000s | 991,400 | 856,544 | 1.13 million | 10 |
| 2010s | 1.31 million | 1.16 million | 1.47 million | 10 |
| 2020s | 1.60 million | 1.44 million | 1.73 million | 8 |
Countries ranked near Australia
- 19 Poland 1.81 million compare
- 20 Chinese Taipei 1.73 million compare
- 21 Viet Nam 1.73 million compare
- 23 Bangladesh 1.69 million compare
- 24 Thailand 1.65 million compare
- 25 Iran, Islamic Republic of 1.57 million 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 1.73 million in 2027, according to International Labour Organization.
- What is the highest gross domestic product, gdp in millions constant 2021 international $ recorded in Australia?
- The highest recorded value was 1.73 million in 2027.
- What is the lowest gross domestic product, gdp in millions constant 2021 international $ recorded in Australia?
- The lowest recorded value was 615,486 in 1991.
- How does Australia rank for gross domestic product, gdp in millions constant 2021 international $?
- Australia ranks 22nd out of 188 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 up 23.9%. The long-run trend across the full record is rising.
- Where does this Australia data come from?
- The figures come from International Labour Organization, published as part of Gross Domestic Product, GDP in millions constant 2021 international $ at PPP (ILO modelled estimates). Statizoid updates them automatically from the source API.
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About this data
Gross Domestic Product (GDP), Purchasing Power Parity (millions of PPP, constant 2021 international dollars) is a measure to assess the total economic output of a country, adjusted for differences in the purchasing power of the different currencies relative to the US dollar. It is derived from the World Development Indicators of the World Bank. For more information, refer to the ILO Modelled Estimates (ILOEST) database description.