Gross Domestic Product — Value US$, 2015 prices in Australia
Australia: Gross Domestic Product — Value US$, 2015 prices was 1.52 million million USD in 2024. ▲ Rising
Gross Domestic Product — Value US$, 2015 prices in Australia, 1970–2024
Source: Food and Agriculture Organization of the United Nations. Measured in million USD.
Analysis
Australia recorded 1.52 million million USD for gross domestic product — value us$, 2015 prices in 2024. That is the highest value across all 55 years on record.
Compared with earlier readings it is up 1.4% on the previous year and up 25.0% over ten years.
Over the whole period, gross domestic product — value us$, 2015 prices in Australia peaked at 1.52 million million USD in 2024 and was at its lowest, 313,032 million USD, in 1970.
Australia ranks 14th of 203 countries on this measure, in the top 10%.
The long-run direction has been consistently rising across the 55 years of available data.
Gross Domestic Product — Value US$, 2015 prices in Australia, year by year
| Year | million USD | Change |
|---|---|---|
| 1970 | 313,032 million USD | — |
| 1971 | 325,272 million USD | +3.9% |
| 1972 | 333,793 million USD | +2.6% |
| 1973 | 347,503 million USD | +4.1% |
| 1974 | 352,144 million USD | +1.3% |
| 1975 | 361,260 million USD | +2.6% |
| 1976 | 374,247 million USD | +3.6% |
| 1977 | 377,591 million USD | +0.9% |
| 1978 | 392,885 million USD | +4.1% |
| 1979 | 404,812 million USD | +3.0% |
| 1980 | 418,332 million USD | +3.3% |
| 1981 | 432,243 million USD | +3.3% |
| 1982 | 422,629 million USD | -2.2% |
| 1983 | 442,043 million USD | +4.6% |
| 1984 | 465,376 million USD | +5.3% |
| 1985 | 483,835 million USD | +4.0% |
| 1986 | 496,219 million USD | +2.6% |
| 1987 | 524,790 million USD | +5.8% |
| 1988 | 545,118 million USD | +3.9% |
| 1989 | 564,619 million USD | +3.6% |
| 1990 | 562,460 million USD | -0.4% |
| 1991 | 564,869 million USD | +0.4% |
| 1992 | 587,728 million USD | +4.0% |
| 1993 | 611,122 million USD | +4.0% |
| 1994 | 634,870 million USD | +3.9% |
| 1995 | 659,400 million USD | +3.9% |
| 1996 | 685,204 million USD | +3.9% |
| 1997 | 717,157 million USD | +4.7% |
| 1998 | 753,213 million USD | +5.0% |
| 1999 | 782,750 million USD | +3.9% |
| 2000 | 798,602 million USD | +2.0% |
| 2001 | 830,383 million USD | +4.0% |
| 2002 | 856,048 million USD | +3.1% |
| 2003 | 892,210 million USD | +4.2% |
| 2004 | 920,352 million USD | +3.2% |
| 2005 | 945,711 million USD | +2.8% |
| 2006 | 981,395 million USD | +3.8% |
| 2007 | 1.02 million million USD | +3.6% |
| 2008 | 1.04 million million USD | +1.9% |
| 2009 | 1.06 million million USD | +2.2% |
| 2010 | 1.08 million million USD | +2.4% |
| 2011 | 1.13 million million USD | +3.9% |
| 2012 | 1.16 million million USD | +2.6% |
| 2013 | 1.19 million million USD | +2.6% |
| 2014 | 1.21 million million USD | +2.2% |
| 2015 | 1.25 million million USD | +2.8% |
| 2016 | 1.27 million million USD | +2.3% |
| 2017 | 1.31 million million USD | +2.9% |
| 2018 | 1.34 million million USD | +2.2% |
| 2019 | 1.34 million million USD | -0.1% |
| 2020 | 1.37 million million USD | +2.1% |
| 2021 | 1.42 million million USD | +4.2% |
| 2022 | 1.47 million million USD | +3.4% |
| 2023 | 1.49 million million USD | +1.4% |
| 2024 | 1.52 million million USD | +1.4% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 358,254 million USD | 313,032 million USD | 404,812 million USD | 10 |
| 1980s | 479,520 million USD | 418,332 million USD | 564,619 million USD | 10 |
| 1990s | 655,877 million USD | 562,460 million USD | 782,750 million USD | 10 |
| 2000s | 933,595 million USD | 798,602 million USD | 1.06 million million USD | 10 |
| 2010s | 1.23 million million USD | 1.08 million million USD | 1.34 million million USD | 10 |
| 2020s | 1.45 million million USD | 1.37 million million USD | 1.52 million million USD | 5 |
Countries ranked near Australia
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)
- GDP (constant 2015 US$), annual growth rate 1.35 % change on previous year (2025)
- GDP (constant 2015 US$), per unit of GDP 0.9423 constant 2015 US$ per US$ of GDP (2025)
- GDP (constant 2015 US$), per capita 61,369 constant 2015 US$ per person (2025)
- GDP (constant LCU), annual growth rate 1.35 % change on previous year (2025)
- GDP (constant LCU), per unit of GDP 1.51 constant LCU per US$ of GDP (2025)
- GDP (constant LCU), per capita 98,362 constant LCU per person (2025)
- Gross domestic savings (current US$), annual growth rate -3.16 % change on previous year (2025)
- Gross domestic savings (current US$), per unit of GDP 0.25 current US$ per US$ of GDP (2025)
Frequently asked questions
- What is gross domestic product — value us$, 2015 prices in Australia?
- Gross domestic product — value us$, 2015 prices in Australia was 1.52 million million USD in 2024, according to Food and Agriculture Organization of the United Nations.
- What is the highest gross domestic product — value us$, 2015 prices recorded in Australia?
- The highest recorded value was 1.52 million million USD in 2024.
- What is the lowest gross domestic product — value us$, 2015 prices recorded in Australia?
- The lowest recorded value was 313,032 million USD in 1970.
- How does Australia rank for gross domestic product — value us$, 2015 prices?
- Australia ranks 14th out of 203 countries with data for 2024.
- Is gross domestic product — value us$, 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 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).