Gross Domestic Product — Value US$ in Australia
Australia: Gross Domestic Product — Value US$ was 1.84 million million USD in 2024. ◆ Volatile
Gross Domestic Product — Value US$ in Australia, 1970–2024
Source: Food and Agriculture Organization of the United Nations. Measured in million USD.
Analysis
Australia recorded 1.84 million million USD for gross domestic product — value us$ in 2024. That is the highest value across all 55 years on record.
The figure is up 3.4% on the previous year and up 25.4% over ten years.
Over the whole period, gross domestic product — value us$ in Australia peaked at 1.84 million million USD in 2024 and was at its lowest, 45,218 million USD, in 1970.
Australia ranks 17th of 236 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, year by year
| Year | million USD | Change |
|---|---|---|
| 1970 | 45,218 million USD | — |
| 1971 | 50,470 million USD | +11.6% |
| 1972 | 59,404 million USD | +17.7% |
| 1973 | 85,729 million USD | +44.3% |
| 1974 | 102,281 million USD | +19.3% |
| 1975 | 109,114 million USD | +6.7% |
| 1976 | 117,569 million USD | +7.7% |
| 1977 | 116,496 million USD | -0.9% |
| 1978 | 135,926 million USD | +16.7% |
| 1979 | 150,467 million USD | +10.7% |
| 1980 | 173,482 million USD | +15.3% |
| 1981 | 202,088 million USD | +16.5% |
| 1982 | 192,130 million USD | -4.9% |
| 1983 | 192,514 million USD | +0.2% |
| 1984 | 206,669 million USD | +7.4% |
| 1985 | 182,189 million USD | -11.8% |
| 1986 | 191,424 million USD | +5.1% |
| 1987 | 227,270 million USD | +18.7% |
| 1988 | 287,739 million USD | +26.6% |
| 1989 | 320,025 million USD | +11.2% |
| 1990 | 324,210 million USD | +1.3% |
| 1991 | 329,720 million USD | +1.7% |
| 1992 | 326,244 million USD | -1.1% |
| 1993 | 317,306 million USD | -2.7% |
| 1994 | 362,527 million USD | +14.3% |
| 1995 | 392,110 million USD | +8.2% |
| 1996 | 435,622 million USD | +11.1% |
| 1997 | 437,323 million USD | +0.4% |
| 1998 | 390,624 million USD | -10.7% |
| 1999 | 427,545 million USD | +9.5% |
| 2000 | 410,129 million USD | -4.1% |
| 2001 | 391,243 million USD | -4.6% |
| 2002 | 436,338 million USD | +11.5% |
| 2003 | 560,400 million USD | +28.4% |
| 2004 | 680,596 million USD | +21.4% |
| 2005 | 763,349 million USD | +12.2% |
| 2006 | 820,064 million USD | +7.4% |
| 2007 | 987,077 million USD | +20.4% |
| 2008 | 1.06 million million USD | +7.2% |
| 2009 | 1.02 million million USD | -3.9% |
| 2010 | 1.30 million million USD | +27.9% |
| 2011 | 1.55 million million USD | +19.0% |
| 2012 | 1.59 million million USD | +2.8% |
| 2013 | 1.54 million million USD | -3.0% |
| 2014 | 1.46 million million USD | -5.2% |
| 2015 | 1.25 million million USD | -14.9% |
| 2016 | 1.31 million million USD | +4.9% |
| 2017 | 1.41 million million USD | +8.1% |
| 2018 | 1.45 million million USD | +3.1% |
| 2019 | 1.38 million million USD | -5.3% |
| 2020 | 1.44 million million USD | +4.2% |
| 2021 | 1.75 million million USD | +22.0% |
| 2022 | 1.78 million million USD | +1.7% |
| 2023 | 1.78 million million USD | -0.3% |
| 2024 | 1.84 million million USD | +3.4% |
Australia compared with similar countries
- Australia's 1.84 million million USD is above the median for high income countries, which is 95,350 million USD, 19.3× the median. (73 countries reporting)
- Australia's 1.84 million million USD is above the median for East Asia & Pacific, which is 15,030 million USD, 122.2× the median. (28 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 97,267 million USD | 45,218 million USD | 150,467 million USD | 10 |
| 1980s | 217,553 million USD | 173,482 million USD | 320,025 million USD | 10 |
| 1990s | 374,323 million USD | 317,306 million USD | 437,323 million USD | 10 |
| 2000s | 712,456 million USD | 391,243 million USD | 1.06 million million USD | 10 |
| 2010s | 1.42 million million USD | 1.25 million million USD | 1.59 million million USD | 10 |
| 2020s | 1.72 million million USD | 1.44 million million USD | 1.84 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)
- SDRs holdings, US dollar, annual growth rate 15.83 % change on previous year (2025)
- SDRs holdings, US dollar, per unit of GDP 0.0083 units per US$ of GDP (2025)
- SDRs holdings, US dollar, per capita 537.43 units per person (2025)
- SDRs holdings, SDR, annual growth rate 10.3 % change on previous year (2025)
- SDRs holdings, SDR, per unit of GDP 0.006 units per US$ of GDP (2025)
- SDRs holdings, SDR, per capita 392.43 units per person (2025)
- IMF holdings of currency, US dollar, annual growth rate 2.82 % change on previous year (2025)
- IMF holdings of currency, US dollar, per unit of GDP 0.0037 units per US$ of GDP (2025)
Frequently asked questions
- What is gross domestic product — value us$ in Australia?
- Gross domestic product — value us$ in Australia was 1.84 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?
- The highest recorded value was 1.84 million million USD in 2024.
- What is the lowest gross domestic product — value us$ recorded in Australia?
- The lowest recorded value was 45,218 million USD in 1970.
- How does Australia rank for gross domestic product — value us$?
- Australia ranks 17th out of 236 countries with data for 2024.
- Is gross domestic product — value us$ rising or falling in Australia?
- Over the last ten years it is up 25.4%. The long-run trend across the full record is volatile.
- 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$. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 55 observations, free to reuse under CC BY-NC-SA 3.0 IGO (FAO).
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).