Gross Domestic Product — Value Standard Local Currency, 2015 prices in Australia
Australia: Gross Domestic Product — Value Standard Local Currency, 2015 prices was 2.02 million million SLC in 2024. ▲ Rising
Gross Domestic Product — Value Standard Local Currency, 2015 prices in Australia, 1970–2024
Source: Food and Agriculture Organization of the United Nations. Measured in million SLC.
Analysis
In 2024, gross domestic product — value standard local currency, 2015 prices in Australia stood at 2.02 million million SLC. That is the highest value across all 55 years on record.
That represents a change of up 1.4% on the previous year and up 25.0% over ten years.
Over the whole period, gross domestic product — value standard local currency, 2015 prices in Australia peaked at 2.02 million million SLC in 2024 and was at its lowest, 416,673 million SLC, in 1970.
Australia ranks 70th 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 | Change |
|---|---|---|
| 1970 | 416,673 million SLC | — |
| 1971 | 432,967 million SLC | +3.9% |
| 1972 | 444,309 million SLC | +2.6% |
| 1973 | 462,557 million SLC | +4.1% |
| 1974 | 468,736 million SLC | +1.3% |
| 1975 | 480,869 million SLC | +2.6% |
| 1976 | 498,157 million SLC | +3.6% |
| 1977 | 502,608 million SLC | +0.9% |
| 1978 | 522,966 million SLC | +4.1% |
| 1979 | 538,841 million SLC | +3.0% |
| 1980 | 556,838 million SLC | +3.3% |
| 1981 | 575,355 million SLC | +3.3% |
| 1982 | 562,557 million SLC | -2.2% |
| 1983 | 588,400 million SLC | +4.6% |
| 1984 | 619,458 million SLC | +5.3% |
| 1985 | 644,028 million SLC | +4.0% |
| 1986 | 660,512 million SLC | +2.6% |
| 1987 | 698,544 million SLC | +5.8% |
| 1988 | 725,601 million SLC | +3.9% |
| 1989 | 751,558 million SLC | +3.6% |
| 1990 | 748,685 million SLC | -0.4% |
| 1991 | 751,892 million SLC | +0.4% |
| 1992 | 782,319 million SLC | +4.0% |
| 1993 | 813,458 million SLC | +4.0% |
| 1994 | 845,069 million SLC | +3.9% |
| 1995 | 877,721 million SLC | +3.9% |
| 1996 | 912,069 million SLC | +3.9% |
| 1997 | 954,600 million SLC | +4.7% |
| 1998 | 1.00 million million SLC | +5.0% |
| 1999 | 1.04 million million SLC | +3.9% |
| 2000 | 1.06 million million SLC | +2.0% |
| 2001 | 1.11 million million SLC | +4.0% |
| 2002 | 1.14 million million SLC | +3.1% |
| 2003 | 1.19 million million SLC | +4.2% |
| 2004 | 1.23 million million SLC | +3.2% |
| 2005 | 1.26 million million SLC | +2.8% |
| 2006 | 1.31 million million SLC | +3.8% |
| 2007 | 1.35 million million SLC | +3.6% |
| 2008 | 1.38 million million SLC | +1.9% |
| 2009 | 1.41 million million SLC | +2.2% |
| 2010 | 1.44 million million SLC | +2.4% |
| 2011 | 1.50 million million SLC | +3.9% |
| 2012 | 1.54 million million SLC | +2.6% |
| 2013 | 1.58 million million SLC | +2.6% |
| 2014 | 1.61 million million SLC | +2.2% |
| 2015 | 1.66 million million SLC | +2.8% |
| 2016 | 1.70 million million SLC | +2.3% |
| 2017 | 1.74 million million SLC | +2.9% |
| 2018 | 1.78 million million SLC | +2.2% |
| 2019 | 1.78 million million SLC | -0.1% |
| 2020 | 1.82 million million SLC | +2.1% |
| 2021 | 1.89 million million SLC | +4.2% |
| 2022 | 1.96 million million SLC | +3.4% |
| 2023 | 1.99 million million SLC | +1.4% |
| 2024 | 2.02 million million SLC | +1.4% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 476,868 million SLC | 416,673 million SLC | 538,841 million SLC | 10 |
| 1980s | 638,285 million SLC | 556,838 million SLC | 751,558 million SLC | 10 |
| 1990s | 873,031 million SLC | 748,685 million SLC | 1.04 million million SLC | 10 |
| 2000s | 1.24 million million SLC | 1.06 million million SLC | 1.41 million million SLC | 10 |
| 2010s | 1.63 million million SLC | 1.44 million million SLC | 1.78 million million SLC | 10 |
| 2020s | 1.94 million million SLC | 1.82 million million SLC | 2.02 million million SLC | 5 |
Countries ranked near Australia
- 67 Ethiopia 2.39 million million SLC compare
- 68 Canada 2.32 million million SLC compare
- 69 United Kingdom of Great Britain and Northern Ireland 2.14 million million SLC compare
- 71 Albania 1.94 million million SLC compare
- 72 Italy 1.83 million million SLC compare
- 73 Uruguay 1.76 million million SLC 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)
- Imports of goods and services (current US$), annual growth rate 2.97 % change on previous year (2025)
- Imports of goods and services (current US$), per unit of GDP 0.2266 current US$ per US$ of GDP (2025)
- Imports of goods and services (current US$), per capita 14,756 current US$ per person (2025)
- Imports of goods and services (current LCU), annual growth rate 4.3 % change on previous year (2025)
- Imports of goods and services (current LCU), per unit of GDP 0.3501 current LCU per US$ of GDP (2025)
- Imports of goods and services (current LCU), per capita 22,800 current LCU per person (2025)
- Imports of goods and services (constant 2015 US$), annual growth rate 3.07 % change on previous year (2025)
- Imports of goods and services (constant 2015 US$), per unit of GDP 0.2211 constant 2015 US$ per US$ of GDP (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 2.02 million million SLC in 2024, according to Food and Agriculture Organization of the United Nations.
- What is the highest gross domestic product — value standard local currency, 2015 prices recorded in Australia?
- The highest recorded value was 2.02 million million SLC in 2024.
- What is the lowest gross domestic product — value standard local currency, 2015 prices recorded in Australia?
- The lowest recorded value was 416,673 million SLC in 1970.
- How does Australia rank for gross domestic product — value standard local currency, 2015 prices?
- Australia ranks 70th 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 25.0%. The long-run trend across the full record is rising.
- Where does this Australia data come from?
- The figures come from Food and Agriculture Organization of the United Nations, published as part of Gross Domestic Product — Value Standard Local Currency, 2015 prices. Statizoid updates them automatically from the source API.
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About this data
The FAOSTAT Macro Indicators database provides a selection of country-level macro indicators relating to total economy (Gross Domestic Product, Gross Fixed Capital Formation); agriculture activity; agriculture, forestry and fishing activity; total manufacturing activity; manufacturing of food products and beverages activity; manufacturing activity of tobacco products; and manufacturing activity of food, beverage and tobacco products.It releases time series for a selection of National Accounts variables, including gross domestic product, gross fixed capital formation, industry-level value added and gross output. The database also proposes additional indicators such as gross domestic product per capita, year-on-year growth rates and measures of industry contribution to gross domestic product. All data relating to Gross Domestic Product, Gross Fixed Capital Formation, agriculture, forestry and fishing activity, and to total manufacturing activity originates from the United Nations Statistics Division (UNSD) National Accounts Estimates of Main Aggregates database, which consists of a complete and consistent set of time series of the main National Accounts aggregates of all UN Members States and other territories in the world for which National Accounts information is available. The UNSD database's content is based on the countries' official National Accounts data reported to UNSD through the annual National Accounts Questionnaire, supplemented with data estimates for any years and countries with incomplete or inconsistent information (See http://unstats.un.org/unsd/snaama/Introduction.asp). Data series relating to the sub-industry Agriculture activity are obtained from the UNSD national accounts Official Country Data databases while series on the Manufacturing activity of food and beverages products, manufacturing activity of tobacco products and manufacturing activity of food, beverages and tobacco products originates from the United Nations Industrial Development Organization (UNIDO) INDSTAT2 database. In order to ensure that sub-industry series are consistent in levels with National Accounts based series, which is needed to support comparability across industries (agriculture vs. agro-industry and sub-industries), UNIDO originating series are rescaled on UNSD National Accounts Estimates of Main Aggregates data series (See Section 17.5 for a more detailed description of the data processing steps).