Gross domestic product (GDP), Purchasing power parity (PPP) in Australia
Australia: Gross domestic product (GDP), Purchasing power parity (PPP) was 0.8937 in 2031. ▼ Falling
Gross domestic product (GDP), Purchasing power parity (PPP) in Australia, 1980–2031
Source: International Monetary Fund.
Analysis
In 2031, gross domestic product (gdp), purchasing power parity (ppp) in Australia stood at 0.8937. That is the lowest value across all 52 years on record.
That represents a change of down 0.7% on the previous year and down 9.9% over ten years.
Over the whole period, gross domestic product (gdp), purchasing power parity (ppp) in Australia peaked at 1.19 in 1989 and was at its lowest, 0.8937, in 2031.
Australia ranks 11th of 26 countries on this measure, in the middle of the range.
The long-run direction has been consistently falling across the 52 years of available data.
Gross domestic product (GDP), Purchasing power parity (PPP) in Australia, year by year
| Year | Value | Change |
|---|---|---|
| 1980 | 1.15 | — |
| 1981 | 1.17 | +1.7% |
| 1982 | 1.17 | -0.4% |
| 1983 | 1.13 | -2.9% |
| 1984 | 1.15 | +1.8% |
| 1985 | 1.17 | +1.8% |
| 1986 | 1.16 | -0.8% |
| 1987 | 1.18 | +1.0% |
| 1988 | 1.17 | -0.1% |
| 1989 | 1.19 | +1.0% |
| 1990 | 1.16 | -2.4% |
| 1991 | 1.12 | -3.2% |
| 1992 | 1.03 | -7.9% |
| 1993 | 1.05 | +2.0% |
| 1994 | 1.07 | +2.0% |
| 1995 | 1.07 | -0.6% |
| 1996 | 1.07 | +0.2% |
| 1997 | 1.08 | +0.6% |
| 1998 | 1.1 | +2.0% |
| 1999 | 1.11 | +0.9% |
| 2000 | 1.09 | -1.9% |
| 2001 | 1.09 | +0.1% |
| 2002 | 1.1 | +1.4% |
| 2003 | 1.1 | -0.6% |
| 2004 | 1.08 | -1.0% |
| 2005 | 1.07 | -1.5% |
| 2006 | 1.04 | -2.4% |
| 2007 | 1.03 | -0.8% |
| 2008 | 1.03 | -0.1% |
| 2009 | 1.06 | +2.7% |
| 2010 | 1.03 | -2.6% |
| 2011 | 1.02 | -1.0% |
| 2012 | 1.03 | +0.6% |
| 2013 | 1.02 | -1.0% |
| 2014 | 1.01 | -0.9% |
| 2015 | 0.9984 | -1.0% |
| 2016 | 0.9943 | -0.4% |
| 2017 | 0.981 | -1.3% |
| 2018 | 0.9746 | -0.7% |
| 2019 | 0.9758 | +0.1% |
| 2020 | 0.9863 | +1.1% |
| 2021 | 0.9923 | +0.6% |
| 2022 | 0.9976 | +0.5% |
| 2023 | 0.9867 | -1.1% |
| 2024 | 0.9642 | -2.3% |
| 2025 | 0.951 | -1.4% |
| 2026 | 0.9422 | -0.9% |
| 2027 | 0.9286 | -1.4% |
| 2028 | 0.9164 | -1.3% |
| 2029 | 0.9069 | -1.0% |
| 2030 | 0.9 | -0.8% |
| 2031 | 0.8937 | -0.7% |
Australia compared with similar countries
- Australia's 0.8937 is above the median for high income countries, which is 0.4819, 1.9× the median. (13 countries reporting)
- Australia's 0.8937 is above the median for East Asia & Pacific, which is 0.8497, 1.1× the median. (7 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 1.17 | 1.13 | 1.19 | 10 |
| 1990s | 1.09 | 1.03 | 1.16 | 10 |
| 2000s | 1.07 | 1.03 | 1.1 | 10 |
| 2010s | 1 | 0.9746 | 1.03 | 10 |
| 2020s | 0.9572 | 0.9069 | 0.9976 | 10 |
| 2030s | 0.8968 | 0.8937 | 0.9 | 2 |
Countries ranked near Australia
- 8 Nigeria 1.15 compare
- 9 Chinese Taipei 0.989 compare
- 10 Poland 0.9428 compare
- 12 Thailand 0.8497 compare
- 13 Iran, Islamic Republic of 0.7624 compare
- 14 United Arab Emirates 0.4819 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), purchasing power parity (ppp) in Australia?
- Gross domestic product (gdp), purchasing power parity (ppp) in Australia was 0.8937 in 2031, according to International Monetary Fund.
- What is the highest gross domestic product (gdp), purchasing power parity (ppp) recorded in Australia?
- The highest recorded value was 1.19 in 1989.
- What is the lowest gross domestic product (gdp), purchasing power parity (ppp) recorded in Australia?
- The lowest recorded value was 0.8937 in 2031.
- How does Australia rank for gross domestic product (gdp), purchasing power parity (ppp)?
- Australia ranks 11th out of 26 countries with data for 2031.
- Is gross domestic product (gdp), purchasing power parity (ppp) rising or falling in Australia?
- Over the last ten years it is down 9.9%. The long-run trend across the full record is falling.
- Where does this Australia data come from?
- The figures come from International Monetary Fund, published as part of Gross domestic product (GDP), Purchasing power parity (PPP) international dollar, percent of world GDP, Percent, 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.