Gross domestic product (GDP), per unit of GDP in Australia
Australia: Gross domestic product (GDP), per unit of GDP was 0.9811 international-$ in 2021 prices per US$ of GDP in 2023. ◆ Volatile
Latest (2023)
0.9811 international-$ in 2021 prices per US$ of GDP
Change on year
down 1.4%
World rank
166th
of 180 countries
All-time high
10.1 international-$ in 2021 prices per US$ of GDP
in 1962
All-time low
0.8429 international-$ in 2021 prices per US$ of GDP
in 2012
Years of data
64
1960–2023
Gross domestic product (GDP), per unit of GDP in Australia, 1960–2023
Source: Statizoid (derived). Measured in international-$ in 2021 prices per US$ of GDP.
Analysis
In 2023, gross domestic product (gdp), per unit of gdp in Australia stood at 0.9811 international-$ in 2021 prices per US$ of GDP.
The figure is down 1.4% on the previous year and up 14.3% over ten years.
Over the whole period, gross domestic product (gdp), per unit of gdp in Australia peaked at 10.1 international-$ in 2021 prices per US$ of GDP in 1962 and was at its lowest, 0.8429 international-$ in 2021 prices per US$ of GDP, in 2012.
That places Australia 166th out of 180 countries with data for 2023, putting it in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Gross domestic product (GDP), per unit of GDP in Australia, year by year
| Year | international-$ in 2021 prices per US$ of GDP | Change |
|---|---|---|
| 1960 | 9.95 international-$ in 2021 prices per US$ of GDP | — |
| 1961 | 9.69 international-$ in 2021 prices per US$ of GDP | -2.6% |
| 1962 | 10.1 international-$ in 2021 prices per US$ of GDP | +4.2% |
| 1963 | 10 international-$ in 2021 prices per US$ of GDP | -0.9% |
| 1964 | 9.5 international-$ in 2021 prices per US$ of GDP | -5.0% |
| 1965 | 8.83 international-$ in 2021 prices per US$ of GDP | -7.1% |
| 1966 | 8.97 international-$ in 2021 prices per US$ of GDP | +1.6% |
| 1967 | 8.42 international-$ in 2021 prices per US$ of GDP | -6.2% |
| 1968 | 8.42 international-$ in 2021 prices per US$ of GDP | +0.1% |
| 1969 | 8.09 international-$ in 2021 prices per US$ of GDP | -4.0% |
| 1970 | 7.46 international-$ in 2021 prices per US$ of GDP | -7.7% |
| 1971 | 7.09 international-$ in 2021 prices per US$ of GDP | -5.0% |
| 1972 | 6.36 international-$ in 2021 prices per US$ of GDP | -10.3% |
| 1973 | 5.41 international-$ in 2021 prices per US$ of GDP | -14.8% |
| 1974 | 3.76 international-$ in 2021 prices per US$ of GDP | -30.6% |
| 1975 | 3.5 international-$ in 2021 prices per US$ of GDP | -6.8% |
| 1976 | 3.39 international-$ in 2021 prices per US$ of GDP | -3.2% |
| 1977 | 3.29 international-$ in 2021 prices per US$ of GDP | -3.1% |
| 1978 | 3.2 international-$ in 2021 prices per US$ of GDP | -2.6% |
| 1979 | 2.9 international-$ in 2021 prices per US$ of GDP | -9.3% |
| 1980 | 2.7 international-$ in 2021 prices per US$ of GDP | -7.1% |
| 1981 | 2.39 international-$ in 2021 prices per US$ of GDP | -11.4% |
| 1982 | 2.13 international-$ in 2021 prices per US$ of GDP | -10.8% |
| 1983 | 2.47 international-$ in 2021 prices per US$ of GDP | +15.9% |
| 1984 | 2.34 international-$ in 2021 prices per US$ of GDP | -5.0% |
| 1985 | 2.58 international-$ in 2021 prices per US$ of GDP | +10.0% |
| 1986 | 2.63 international-$ in 2021 prices per US$ of GDP | +1.7% |
| 1987 | 2.74 international-$ in 2021 prices per US$ of GDP | +4.2% |
| 1988 | 2.32 international-$ in 2021 prices per US$ of GDP | -15.2% |
| 1989 | 1.89 international-$ in 2021 prices per US$ of GDP | -18.3% |
| 1990 | 1.82 international-$ in 2021 prices per US$ of GDP | -3.7% |
| 1991 | 1.74 international-$ in 2021 prices per US$ of GDP | -4.6% |
| 1992 | 1.81 international-$ in 2021 prices per US$ of GDP | +4.2% |
| 1993 | 1.96 international-$ in 2021 prices per US$ of GDP | +8.0% |
| 1994 | 1.98 international-$ in 2021 prices per US$ of GDP | +1.2% |
| 1995 | 1.83 international-$ in 2021 prices per US$ of GDP | -7.6% |
| 1996 | 1.78 international-$ in 2021 prices per US$ of GDP | -3.0% |
| 1997 | 1.72 international-$ in 2021 prices per US$ of GDP | -3.3% |
| 1998 | 1.93 international-$ in 2021 prices per US$ of GDP | +12.5% |
| 1999 | 2.08 international-$ in 2021 prices per US$ of GDP | +7.5% |
| 2000 | 2.01 international-$ in 2021 prices per US$ of GDP | -3.4% |
| 2001 | 2.27 international-$ in 2021 prices per US$ of GDP | +13.2% |
| 2002 | 2.24 international-$ in 2021 prices per US$ of GDP | -1.4% |
| 2003 | 1.98 international-$ in 2021 prices per US$ of GDP | -11.7% |
| 2004 | 1.56 international-$ in 2021 prices per US$ of GDP | -21.3% |
| 2005 | 1.47 international-$ in 2021 prices per US$ of GDP | -5.4% |
| 2006 | 1.4 international-$ in 2021 prices per US$ of GDP | -5.2% |
| 2007 | 1.25 international-$ in 2021 prices per US$ of GDP | -10.2% |
| 2008 | 1.07 international-$ in 2021 prices per US$ of GDP | -14.8% |
| 2009 | 1.21 international-$ in 2021 prices per US$ of GDP | +13.7% |
| 2010 | 1.08 international-$ in 2021 prices per US$ of GDP | -11.2% |
| 2011 | 0.937 international-$ in 2021 prices per US$ of GDP | -13.1% |
| 2012 | 0.8429 international-$ in 2021 prices per US$ of GDP | -10.0% |
| 2013 | 0.8582 international-$ in 2021 prices per US$ of GDP | +1.8% |
| 2014 | 0.9242 international-$ in 2021 prices per US$ of GDP | +7.7% |
| 2015 | 0.9513 international-$ in 2021 prices per US$ of GDP | +2.9% |
| 2016 | 1.14 international-$ in 2021 prices per US$ of GDP | +19.9% |
| 2017 | 1.07 international-$ in 2021 prices per US$ of GDP | -6.2% |
| 2018 | 1.04 international-$ in 2021 prices per US$ of GDP | -2.6% |
| 2019 | 1.1 international-$ in 2021 prices per US$ of GDP | +5.5% |
| 2020 | 1.19 international-$ in 2021 prices per US$ of GDP | +8.0% |
| 2021 | 1.05 international-$ in 2021 prices per US$ of GDP | -11.5% |
| 2022 | 0.995 international-$ in 2021 prices per US$ of GDP | -5.3% |
| 2023 | 0.9811 international-$ in 2021 prices per US$ of GDP | -1.4% |
Australia compared with similar countries
- Australia's 0.9811 international-$ in 2021 prices per US$ of GDP is below the median for high income countries, which is 1.23 international-$ in 2021 prices per US$ of GDP, 79% of the median. (65 countries reporting)
- Australia's 0.9811 international-$ in 2021 prices per US$ of GDP is below the median for East Asia & Pacific, which is 2.38 international-$ in 2021 prices per US$ of GDP, 41% of the median. (19 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 9.2 international-$ in 2021 prices per US$ of GDP | 8.09 international-$ in 2021 prices per US$ of GDP | 10.1 international-$ in 2021 prices per US$ of GDP | 10 |
| 1970s | 4.64 international-$ in 2021 prices per US$ of GDP | 2.9 international-$ in 2021 prices per US$ of GDP | 7.46 international-$ in 2021 prices per US$ of GDP | 10 |
| 1980s | 2.42 international-$ in 2021 prices per US$ of GDP | 1.89 international-$ in 2021 prices per US$ of GDP | 2.74 international-$ in 2021 prices per US$ of GDP | 10 |
| 1990s | 1.87 international-$ in 2021 prices per US$ of GDP | 1.72 international-$ in 2021 prices per US$ of GDP | 2.08 international-$ in 2021 prices per US$ of GDP | 10 |
| 2000s | 1.65 international-$ in 2021 prices per US$ of GDP | 1.07 international-$ in 2021 prices per US$ of GDP | 2.27 international-$ in 2021 prices per US$ of GDP | 10 |
| 2010s | 0.9945 international-$ in 2021 prices per US$ of GDP | 0.8429 international-$ in 2021 prices per US$ of GDP | 1.14 international-$ in 2021 prices per US$ of GDP | 10 |
| 2020s | 1.05 international-$ in 2021 prices per US$ of GDP | 0.9811 international-$ in 2021 prices per US$ of GDP | 1.19 international-$ in 2021 prices per US$ of GDP | 4 |
Countries ranked near Australia
- 163 United Kingdom 1.02 international-$ in 2021 prices per US$ of GDP compare
- 164 Macao 1.01 international-$ in 2021 prices per US$ of GDP compare
- 165 Canada 0.9858 international-$ in 2021 prices per US$ of GDP compare
- 167 Finland 0.981 international-$ in 2021 prices per US$ of GDP compare
- 168 Denmark 0.9687 international-$ in 2021 prices per US$ of GDP compare
- 169 New Zealand 0.9516 international-$ in 2021 prices per US$ of GDP 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$), annual growth rate 20.24 % change on previous year (2025)
Frequently asked questions
- What is gross domestic product (gdp), per unit of gdp in Australia?
- Gross domestic product (gdp), per unit of gdp in Australia was 0.9811 international-$ in 2021 prices per US$ of GDP in 2023, according to Statizoid (derived).
- What is the highest gross domestic product (gdp), per unit of gdp recorded in Australia?
- The highest recorded value was 10.1 international-$ in 2021 prices per US$ of GDP in 1962.
- What is the lowest gross domestic product (gdp), per unit of gdp recorded in Australia?
- The lowest recorded value was 0.8429 international-$ in 2021 prices per US$ of GDP in 2012.
- How does Australia rank for gross domestic product (gdp), per unit of gdp?
- Australia ranks 166th out of 180 countries with data for 2023.
- Is gross domestic product (gdp), per unit of gdp rising or falling in Australia?
- Over the last ten years it is up 14.3%. The long-run trend across the full record is volatile.
- Where does this Australia data come from?
- The figures come from Statizoid (derived), published as part of Gross domestic product (GDP), per unit of GDP. Statizoid updates them automatically from the source API.
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How this figure is calculated
Gross domestic product (GDP) divided by GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.
Gross domestic product (GDP) ÷ GDP (current US$)
Computed from
- Gross domestic product (GDP) Feenstra et al. – Penn World Table (2025) – with major processing by Our World in Data
- GDP Country official statistics, National Statistical Organizations and/or Central Banks
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
Gross domestic product (GDP) divided by GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.