Gross Domestic Product — Value US$ in Australia and New Zealand
Australia and New Zealand: Gross Domestic Product — Value US$ was 2.09 million million USD in 2024. ◆ Volatile
Gross Domestic Product — Value US$ in Australia and New Zealand, 1970–2024
Source: Food and Agriculture Organization of the United Nations. Measured in million USD.
Analysis
Australia and New Zealand recorded 2.09 million million USD for gross domestic product — value us$ in 2024. That is the highest value across all 55 years on record.
That represents a change of up 3.2% on the previous year and up 25.7% over ten years.
Over the whole period, gross domestic product — value us$ in Australia and New Zealand peaked at 2.09 million million USD in 2024 and was at its lowest, 51,842 million USD, in 1970.
Australia and New Zealand ranks 10th of 203 countries on this measure, in the top 10%.
The series is highly variable year to year, so single readings are best treated with caution.
Gross Domestic Product — Value US$ in Australia and New Zealand, year by year
| Year | million USD | Change |
|---|---|---|
| 1970 | 51,842 million USD | — |
| 1971 | 58,407 million USD | +12.7% |
| 1972 | 69,060 million USD | +18.2% |
| 1973 | 98,435 million USD | +42.5% |
| 1974 | 116,543 million USD | +18.4% |
| 1975 | 122,937 million USD | +5.5% |
| 1976 | 131,473 million USD | +6.9% |
| 1977 | 131,701 million USD | +0.2% |
| 1978 | 154,392 million USD | +17.2% |
| 1979 | 171,465 million USD | +11.1% |
| 1980 | 196,847 million USD | +14.8% |
| 1981 | 227,270 million USD | +15.5% |
| 1982 | 217,214 million USD | -4.4% |
| 1983 | 217,402 million USD | +0.1% |
| 1984 | 230,617 million USD | +6.1% |
| 1985 | 206,297 million USD | -10.5% |
| 1986 | 221,717 million USD | +7.5% |
| 1987 | 265,726 million USD | +19.8% |
| 1988 | 334,010 million USD | +25.7% |
| 1989 | 364,660 million USD | +9.2% |
| 1990 | 369,651 million USD | +1.4% |
| 1991 | 373,554 million USD | +1.1% |
| 1992 | 368,304 million USD | -1.4% |
| 1993 | 362,947 million USD | -1.5% |
| 1994 | 416,091 million USD | +14.6% |
| 1995 | 455,261 million USD | +9.4% |
| 1996 | 505,114 million USD | +11.0% |
| 1997 | 506,625 million USD | +0.3% |
| 1998 | 447,805 million USD | -11.6% |
| 1999 | 487,467 million USD | +8.9% |
| 2000 | 464,574 million USD | -4.7% |
| 2001 | 445,352 million USD | -4.1% |
| 2002 | 498,860 million USD | +12.0% |
| 2003 | 644,309 million USD | +29.2% |
| 2004 | 783,042 million USD | +21.5% |
| 2005 | 878,073 million USD | +12.1% |
| 2006 | 931,605 million USD | +6.1% |
| 2007 | 1.12 million million USD | +20.7% |
| 2008 | 1.19 million million USD | +6.0% |
| 2009 | 1.14 million million USD | -4.4% |
| 2010 | 1.45 million million USD | +27.1% |
| 2011 | 1.72 million million USD | +18.5% |
| 2012 | 1.77 million million USD | +3.0% |
| 2013 | 1.73 million million USD | -1.9% |
| 2014 | 1.67 million million USD | -4.0% |
| 2015 | 1.42 million million USD | -14.5% |
| 2016 | 1.50 million million USD | +5.0% |
| 2017 | 1.62 million million USD | +8.2% |
| 2018 | 1.67 million million USD | +3.0% |
| 2019 | 1.59 million million USD | -4.6% |
| 2020 | 1.65 million million USD | +3.6% |
| 2021 | 2.00 million million USD | +21.6% |
| 2022 | 2.03 million million USD | +1.1% |
| 2023 | 2.03 million million USD | +0.0% |
| 2024 | 2.09 million million USD | +3.2% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 110,626 million USD | 51,842 million USD | 171,465 million USD | 10 |
| 1980s | 248,176 million USD | 196,847 million USD | 364,660 million USD | 10 |
| 1990s | 429,282 million USD | 362,947 million USD | 506,625 million USD | 10 |
| 2000s | 809,996 million USD | 445,352 million USD | 1.19 million million USD | 10 |
| 2010s | 1.61 million million USD | 1.42 million million USD | 1.77 million million USD | 10 |
| 2020s | 1.96 million million USD | 1.65 million million USD | 2.09 million million USD | 5 |
Countries ranked near Australia and New Zealand
- 7 Italy 2.37 million million USD compare
- 8 Canada 2.21 million million USD compare
- 8 Venezuela (Bolivarian Republic of) 177,478 million USD compare
- 9 Brazil 2.18 million million USD compare
- 9 United Republic of Tanzania 81,375 million USD compare
- 10 Democratic Republic of the Congo 71,197 million USD compare
- 11 Russian Federation 2.09 million million USD compare
- 11 Melanesia 51,880 million USD compare
- 12 Bolivia (Plurinational State of) 49,668 million USD compare
- 12 Republic of Korea 1.87 million million USD compare
- 13 Mexico 1.85 million million USD compare
- 13 Syrian Arab Republic 18,262 million USD compare
More economy & growth data for Australia and New Zealand
- Gross Domestic Product — Value US$, 2015 prices 1.74 million million USD (2024)
- Gross Domestic Product — Annual growth US$ 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$, 2015 prices 4.44 % (2024)
- Gross Domestic Product — Value US$ per capita 65,559 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, 2015 prices 54,411 USD (2024)
Frequently asked questions
- What is gross domestic product — value us$ in Australia and New Zealand?
- Gross domestic product — value us$ in Australia and New Zealand was 2.09 million million USD in 2024, according to Food and Agriculture Organization of the United Nations.
- What is the highest gross domestic product — value us$ recorded in Australia and New Zealand?
- The highest recorded value was 2.09 million million USD in 2024.
- What is the lowest gross domestic product — value us$ recorded in Australia and New Zealand?
- The lowest recorded value was 51,842 million USD in 1970.
- How does Australia and New Zealand rank for gross domestic product — value us$?
- Australia and New Zealand ranks 10th out of 203 countries with data for 2024.
- Is gross domestic product — value us$ rising or falling in Australia and New Zealand?
- Over the last ten years it is up 25.7%. The long-run trend across the full record is volatile.
- 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$. 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).