Gross Domestic Product — Value US$, 2015 prices in Australia and New Zealand
Australia and New Zealand: Gross Domestic Product — Value US$, 2015 prices was 1.74 million million USD in 2024. ▲ Rising
Gross Domestic Product — Value US$, 2015 prices in Australia and New Zealand, 1970–2024
Source: Food and Agriculture Organization of the United Nations. Measured in million USD.
Analysis
The most recent figure for gross domestic product — value us$, 2015 prices in Australia and New Zealand is 1.74 million million USD, measured in 2024. That is the highest value across all 55 years on record.
Compared with earlier readings it is up 1.2% on the previous year and up 25.6% over ten years.
Over the whole period, gross domestic product — value us$, 2015 prices in Australia and New Zealand peaked at 1.74 million million USD in 2024 and was at its lowest, 372,507 million USD, in 1970.
That places Australia and New Zealand 11th out of 203 countries with data for 2024, putting it in the top 10%.
The long-run direction has been consistently rising across the 55 years of available data.
Gross Domestic Product — Value US$, 2015 prices in Australia and New Zealand, year by year
| Year | million USD | Change |
|---|---|---|
| 1970 | 372,507 million USD | — |
| 1971 | 387,000 million USD | +3.9% |
| 1972 | 398,681 million USD | +3.0% |
| 1973 | 417,451 million USD | +4.7% |
| 1974 | 426,285 million USD | +2.1% |
| 1975 | 434,116 million USD | +1.8% |
| 1976 | 447,781 million USD | +3.1% |
| 1977 | 448,230 million USD | +0.1% |
| 1978 | 463,749 million USD | +3.5% |
| 1979 | 477,229 million USD | +2.9% |
| 1980 | 491,679 million USD | +3.0% |
| 1981 | 509,005 million USD | +3.5% |
| 1982 | 500,104 million USD | -1.7% |
| 1983 | 522,224 million USD | +4.4% |
| 1984 | 549,400 million USD | +5.2% |
| 1985 | 569,215 million USD | +3.6% |
| 1986 | 578,514 million USD | +1.6% |
| 1987 | 608,582 million USD | +5.2% |
| 1988 | 630,691 million USD | +3.6% |
| 1989 | 650,578 million USD | +3.2% |
| 1990 | 648,995 million USD | -0.2% |
| 1991 | 650,024 million USD | +0.2% |
| 1992 | 674,001 million USD | +3.7% |
| 1993 | 702,972 million USD | +4.3% |
| 1994 | 732,049 million USD | +4.1% |
| 1995 | 760,422 million USD | +3.9% |
| 1996 | 789,676 million USD | +3.8% |
| 1997 | 824,928 million USD | +4.5% |
| 1998 | 862,325 million USD | +4.5% |
| 1999 | 897,523 million USD | +4.1% |
| 2000 | 915,980 million USD | +2.1% |
| 2001 | 952,315 million USD | +4.0% |
| 2002 | 984,138 million USD | +3.3% |
| 2003 | 1.03 million million USD | +4.3% |
| 2004 | 1.06 million million USD | +3.2% |
| 2005 | 1.09 million million USD | +2.8% |
| 2006 | 1.13 million million USD | +3.6% |
| 2007 | 1.17 million million USD | +3.6% |
| 2008 | 1.18 million million USD | +1.4% |
| 2009 | 1.21 million million USD | +2.2% |
| 2010 | 1.24 million million USD | +2.2% |
| 2011 | 1.28 million million USD | +3.8% |
| 2012 | 1.32 million million USD | +2.6% |
| 2013 | 1.35 million million USD | +2.5% |
| 2014 | 1.38 million million USD | +2.4% |
| 2015 | 1.42 million million USD | +2.9% |
| 2016 | 1.46 million million USD | +2.5% |
| 2017 | 1.50 million million USD | +3.1% |
| 2018 | 1.54 million million USD | +2.4% |
| 2019 | 1.54 million million USD | +0.2% |
| 2020 | 1.57 million million USD | +1.8% |
| 2021 | 1.64 million million USD | +4.3% |
| 2022 | 1.69 million million USD | +3.3% |
| 2023 | 1.72 million million USD | +1.3% |
| 2024 | 1.74 million million USD | +1.2% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 427,303 million USD | 372,507 million USD | 477,229 million USD | 10 |
| 1980s | 560,999 million USD | 491,679 million USD | 650,578 million USD | 10 |
| 1990s | 754,292 million USD | 648,995 million USD | 897,523 million USD | 10 |
| 2000s | 1.07 million million USD | 915,980 million USD | 1.21 million million USD | 10 |
| 2010s | 1.40 million million USD | 1.24 million million USD | 1.54 million million USD | 10 |
| 2020s | 1.67 million million USD | 1.57 million million USD | 1.74 million million USD | 5 |
Countries ranked near Australia and New Zealand
- 8 Italy 2.03 million million USD compare
- 8 Venezuela (Bolivarian Republic of) 105,555 million USD compare
- 9 Republic of Korea 1.91 million million USD compare
- 9 United Republic of Tanzania 80,605 million USD compare
- 10 Canada 1.81 million million USD compare
- 10 Democratic Republic of the Congo 60,632 million USD compare
- 11 Melanesia 43,564 million USD compare
- 12 Bolivia (Plurinational State of) 40,048 million USD compare
- 12 USSR 1.63 million million USD compare
- 13 Lao People's Democratic Republic 22,420 million USD compare
- 13 Russian Federation 1.61 million million USD compare
- 14 Australia 1.52 million million USD compare
- 14 Syrian Arab Republic 20,891 million USD compare
More economy & growth data for Australia and New Zealand
- Gross Domestic Product — Value US$ per capita, 2015 prices 54,411 USD (2024)
- Gross Domestic Product — Annual growth US$ per capita, 2015 prices 0.268 % (2024)
- Gross Domestic Product — Annual growth US$, 2015 prices 1.23 % (2024)
- Gross Domestic Product — Annual growth US$ per capita 2.24 % (2024)
- Gross Domestic Product — Annual growth US$ 3.22 % (2024)
- Gross Fixed Capital Formation — Annual growth US$, 2015 prices 4.44 % (2024)
- Gross Domestic Product — Value US$ 2.09 million million USD (2024)
- Gross Fixed Capital Formation — Annual growth US$ 7.42 % (2024)
- Gross Fixed Capital Formation — Share of GDP US$, 2015 prices 26.13 % (2024)
- Gross Domestic Product — Value US$ per capita 65,559 USD (2024)
Frequently asked questions
- What is gross domestic product — value us$, 2015 prices in Australia and New Zealand?
- Gross domestic product — value us$, 2015 prices in Australia and New Zealand was 1.74 million million USD in 2024, according to Food and Agriculture Organization of the United Nations.
- What is the highest gross domestic product — value us$, 2015 prices recorded in Australia and New Zealand?
- The highest recorded value was 1.74 million million USD in 2024.
- What is the lowest gross domestic product — value us$, 2015 prices recorded in Australia and New Zealand?
- The lowest recorded value was 372,507 million USD in 1970.
- How does Australia and New Zealand rank for gross domestic product — value us$, 2015 prices?
- Australia and New Zealand ranks 11th out of 203 countries with data for 2024.
- Is gross domestic product — value us$, 2015 prices rising or falling in Australia and New Zealand?
- Over the last ten years it is up 25.6%. The long-run trend across the full record is rising.
- Where does this Australia and New Zealand data come from?
- The figures come from Food and Agriculture Organization of the United Nations, published as part of Gross Domestic Product — Value US$, 2015 prices. Statizoid updates them automatically from the source API.
Download this data
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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).