Gross Domestic Product — Value Standard Local Currency, 2015 prices in Australia
Australia: Gross Domestic Product — Value Standard Local Currency, 2015 prices was 0.0742 million SLC per person in 2024. ▲ Rising
Gross Domestic Product — Value Standard Local Currency, 2015 prices in Australia, 1970–2024
Source: Statizoid (derived). Measured in million SLC per person.
Analysis
The most recent figure for gross domestic product — value standard local currency, 2015 prices in Australia is 0.0742 million SLC per person, measured in 2024.
The figure is down 0.6% on the previous year and up 7.9% over ten years.
Over the whole period, gross domestic product — value standard local currency, 2015 prices in Australia peaked at 0.0753 million SLC per person in 2022 and was at its lowest, 0.0333 million SLC per person, in 1970.
Australia ranks 90th of 194 countries on this measure, in the middle of the range.
The long-run direction has been consistently rising across the 55 years of available data.
Gross Domestic Product — Value Standard Local Currency, 2015 prices in Australia, year by year
| Year | million SLC per person | Change |
|---|---|---|
| 1970 | 0.0333 million SLC per person | — |
| 1971 | 0.0335 million SLC per person | +0.5% |
| 1972 | 0.0337 million SLC per person | +0.8% |
| 1973 | 0.0346 million SLC per person | +2.5% |
| 1974 | 0.0342 million SLC per person | -1.2% |
| 1975 | 0.0346 million SLC per person | +1.3% |
| 1976 | 0.0355 million SLC per person | +2.6% |
| 1977 | 0.0354 million SLC per person | -0.2% |
| 1978 | 0.0364 million SLC per person | +2.8% |
| 1979 | 0.0371 million SLC per person | +1.9% |
| 1980 | 0.0379 million SLC per person | +2.1% |
| 1981 | 0.0386 million SLC per person | +1.7% |
| 1982 | 0.037 million SLC per person | -3.9% |
| 1983 | 0.0382 million SLC per person | +3.2% |
| 1984 | 0.0398 million SLC per person | +4.0% |
| 1985 | 0.0408 million SLC per person | +2.6% |
| 1986 | 0.0412 million SLC per person | +1.1% |
| 1987 | 0.043 million SLC per person | +4.2% |
| 1988 | 0.0439 million SLC per person | +2.2% |
| 1989 | 0.0447 million SLC per person | +1.8% |
| 1990 | 0.0439 million SLC per person | -1.8% |
| 1991 | 0.0435 million SLC per person | -0.8% |
| 1992 | 0.0448 million SLC per person | +2.9% |
| 1993 | 0.0461 million SLC per person | +3.1% |
| 1994 | 0.0475 million SLC per person | +2.9% |
| 1995 | 0.0487 million SLC per person | +2.7% |
| 1996 | 0.05 million SLC per person | +2.7% |
| 1997 | 0.0518 million SLC per person | +3.5% |
| 1998 | 0.0539 million SLC per person | +4.0% |
| 1999 | 0.0554 million SLC per person | +2.8% |
| 2000 | 0.0559 million SLC per person | +0.9% |
| 2001 | 0.0573 million SLC per person | +2.7% |
| 2002 | 0.0584 million SLC per person | +1.9% |
| 2003 | 0.0602 million SLC per person | +3.0% |
| 2004 | 0.0615 million SLC per person | +2.1% |
| 2005 | 0.0624 million SLC per person | +1.5% |
| 2006 | 0.0639 million SLC per person | +2.4% |
| 2007 | 0.065 million SLC per person | +1.7% |
| 2008 | 0.0649 million SLC per person | -0.1% |
| 2009 | 0.065 million SLC per person | +0.1% |
| 2010 | 0.0655 million SLC per person | +0.8% |
| 2011 | 0.0671 million SLC per person | +2.5% |
| 2012 | 0.0677 million SLC per person | +0.8% |
| 2013 | 0.0683 million SLC per person | +0.8% |
| 2014 | 0.0687 million SLC per person | +0.7% |
| 2015 | 0.0696 million SLC per person | +1.3% |
| 2016 | 0.0701 million SLC per person | +0.7% |
| 2017 | 0.0709 million SLC per person | +1.2% |
| 2018 | 0.0714 million SLC per person | +0.7% |
| 2019 | 0.0703 million SLC per person | -1.6% |
| 2020 | 0.0709 million SLC per person | +0.9% |
| 2021 | 0.0738 million SLC per person | +4.1% |
| 2022 | 0.0753 million SLC per person | +2.1% |
| 2023 | 0.0746 million SLC per person | -1.0% |
| 2024 | 0.0742 million SLC per person | -0.6% |
Australia compared with similar countries
- Australia's 0.0742 million SLC per person is above the median for high income countries, which is 0.0532 million SLC per person, 1.4× the median. (73 countries reporting)
- Australia's 0.0742 million SLC per person is above the median for East Asia & Pacific, which is 0.0672 million SLC per person, 1.1× the median. (28 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 0.0348 million SLC per person | 0.0333 million SLC per person | 0.0371 million SLC per person | 10 |
| 1980s | 0.0405 million SLC per person | 0.037 million SLC per person | 0.0447 million SLC per person | 10 |
| 1990s | 0.0486 million SLC per person | 0.0435 million SLC per person | 0.0554 million SLC per person | 10 |
| 2000s | 0.0614 million SLC per person | 0.0559 million SLC per person | 0.065 million SLC per person | 10 |
| 2010s | 0.069 million SLC per person | 0.0655 million SLC per person | 0.0714 million SLC per person | 10 |
| 2020s | 0.0737 million SLC per person | 0.0709 million SLC per person | 0.0753 million SLC per person | 5 |
Countries ranked near Australia
- 87 Switzerland 0.0867 million SLC per person compare
- 88 Saudi Arabia 0.0839 million SLC per person compare
- 89 Ireland 0.0822 million SLC per person compare
- 91 South Africa 0.0727 million SLC per person compare
- 92 Moldova 0.0723 million SLC per person compare
- 93 Botswana 0.0699 million SLC per person 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 — value standard local currency, 2015 prices in Australia?
- Gross domestic product — value standard local currency, 2015 prices in Australia was 0.0742 million SLC per person in 2024, according to Statizoid (derived).
- What is the highest gross domestic product — value standard local currency, 2015 prices recorded in Australia?
- The highest recorded value was 0.0753 million SLC per person in 2022.
- What is the lowest gross domestic product — value standard local currency, 2015 prices recorded in Australia?
- The lowest recorded value was 0.0333 million SLC per person in 1970.
- How does Australia rank for gross domestic product — value standard local currency, 2015 prices?
- Australia ranks 90th out of 194 countries with data for 2024.
- Is gross domestic product — value standard local currency, 2015 prices rising or falling in Australia?
- Over the last ten years it is up 7.9%. The long-run trend across the full record is rising.
- Where does this Australia data come from?
- The figures come from Statizoid (derived), published as part of Gross Domestic Product — Value Standard Local Currency, 2015 prices, per capita. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 55 observations, free to reuse under Derived by Statizoid from the sources named on the page.
How this figure is calculated
Gross Domestic Product — Value Standard Local Currency, 2015 prices divided by Population, total, matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.
Gross Domestic Product — Value Standard Local Currency, 2015 prices ÷ Population, total
Computed from
- Gross Domestic Product — Value Standard Local Currency, 2015 prices Food and Agriculture Organization of the United Nations
- Population, total World Population Prospects, United Nations (UN)
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 — Value Standard Local Currency, 2015 prices divided by Population, total, matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.