Gross National Income — Value Standard Local Currency in Australia
Australia: Gross National Income — Value Standard Local Currency was 2.58 million million SLC in 2023. ◆ Volatile
Gross National Income — Value Standard Local Currency in Australia, 1970–2023
Source: Food and Agriculture Organization of the United Nations. Measured in million SLC.
Analysis
Australia recorded 2.58 million million SLC for gross national income — value standard local currency in 2023. That is the highest value across all 54 years on record.
Compared with earlier readings it is up 5.1% on the previous year and up 65.8% over ten years.
Over the whole period, gross national income — value standard local currency in Australia peaked at 2.58 million million SLC in 2023 and was at its lowest, 39,928 million SLC, in 1970.
That places Australia 76th out of 202 countries with data for 2023, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Gross National Income — Value Standard Local Currency in Australia, year by year
| Year | million SLC | Change |
|---|---|---|
| 1970 | 39,928 million SLC | — |
| 1971 | 44,357 million SLC | +11.1% |
| 1972 | 49,851 million SLC | +12.4% |
| 1973 | 60,154 million SLC | +20.7% |
| 1974 | 71,408 million SLC | +18.7% |
| 1975 | 83,347 million SLC | +16.7% |
| 1976 | 95,527 million SLC | +14.6% |
| 1977 | 103,792 million SLC | +8.7% |
| 1978 | 117,306 million SLC | +13.0% |
| 1979 | 133,206 million SLC | +13.6% |
| 1980 | 151,851 million SLC | +14.0% |
| 1981 | 172,508 million SLC | +13.6% |
| 1982 | 187,961 million SLC | +9.0% |
| 1983 | 211,122 million SLC | +12.3% |
| 1984 | 232,241 million SLC | +10.0% |
| 1985 | 256,219 million SLC | +10.3% |
| 1986 | 281,160 million SLC | +9.7% |
| 1987 | 318,557 million SLC | +13.3% |
| 1988 | 358,245 million SLC | +12.5% |
| 1989 | 390,613 million SLC | +9.0% |
| 1990 | 398,657 million SLC | +2.1% |
| 1991 | 406,963 million SLC | +2.1% |
| 1992 | 432,409 million SLC | +6.3% |
| 1993 | 456,365 million SLC | +5.5% |
| 1994 | 478,770 million SLC | +4.9% |
| 1995 | 510,275 million SLC | +6.6% |
| 1996 | 537,979 million SLC | +5.4% |
| 1997 | 570,676 million SLC | +6.1% |
| 1998 | 602,416 million SLC | +5.6% |
| 1999 | 643,582 million SLC | +6.8% |
| 2000 | 687,611 million SLC | +6.8% |
| 2001 | 735,943 million SLC | +7.0% |
| 2002 | 780,529 million SLC | +6.1% |
| 2003 | 839,512 million SLC | +7.6% |
| 2004 | 891,174 million SLC | +6.2% |
| 2005 | 960,773 million SLC | +7.8% |
| 2006 | 1.04 million million SLC | +8.3% |
| 2007 | 1.13 million million SLC | +8.7% |
| 2008 | 1.22 million million SLC | +7.6% |
| 2009 | 1.25 million million SLC | +3.0% |
| 2010 | 1.36 million million SLC | +8.6% |
| 2011 | 1.46 million million SLC | +6.9% |
| 2012 | 1.50 million million SLC | +3.0% |
| 2013 | 1.56 million million SLC | +3.9% |
| 2014 | 1.59 million million SLC | +2.2% |
| 2015 | 1.62 million million SLC | +1.7% |
| 2016 | 1.71 million million SLC | +5.6% |
| 2017 | 1.78 million million SLC | +4.4% |
| 2018 | 1.88 million million SLC | +5.5% |
| 2019 | 1.94 million million SLC | +2.9% |
| 2020 | 2.06 million million SLC | +6.5% |
| 2021 | 2.24 million million SLC | +8.7% |
| 2022 | 2.46 million million SLC | +9.6% |
| 2023 | 2.58 million million SLC | +5.1% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 79,888 million SLC | 39,928 million SLC | 133,206 million SLC | 10 |
| 1980s | 256,048 million SLC | 151,851 million SLC | 390,613 million SLC | 10 |
| 1990s | 503,809 million SLC | 398,657 million SLC | 643,582 million SLC | 10 |
| 2000s | 953,825 million SLC | 687,611 million SLC | 1.25 million million SLC | 10 |
| 2010s | 1.64 million million SLC | 1.36 million million SLC | 1.94 million million SLC | 10 |
| 2020s | 2.34 million million SLC | 2.06 million million SLC | 2.58 million million SLC | 4 |
Countries ranked near Australia
- 73 Haiti 2.80 million million SLC compare
- 74 Uruguay 2.72 million million SLC compare
- 75 United Kingdom of Great Britain and Northern Ireland 2.70 million million SLC compare
- 77 Albania 2.28 million million SLC compare
- 78 Italy 2.12 million million SLC compare
- 79 United Arab Emirates 1.90 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)
- Services, value added (constant LCU), per capita 65,294 constant LCU per person (2025)
- GDP deflator (base year varies by country), annual growth rate 2.31 % change on previous year (2025)
- Gross value added at basic prices (GVA) (current US$), annual growth 2.3 % change on previous year (2025)
- Gross value added at basic prices (GVA) (current US$), per unit of GDP 0.9365 current US$ per US$ of GDP (2025)
- Gross value added at basic prices (GVA) (current US$), per capita 60,991 current US$ per person (2025)
- Gross value added at basic prices (GVA) (current LCU), annual growth 3.62 % change on previous year (2025)
- Gross value added at basic prices (GVA) (current LCU), per unit of GDP 1.45 current LCU per US$ of GDP (2025)
- Gross value added at basic prices (GVA) (current LCU), per capita 94,238 current LCU per person (2025)
Frequently asked questions
- What is gross national income — value standard local currency in Australia?
- Gross national income — value standard local currency in Australia was 2.58 million million SLC in 2023, according to Food and Agriculture Organization of the United Nations.
- What is the highest gross national income — value standard local currency recorded in Australia?
- The highest recorded value was 2.58 million million SLC in 2023.
- What is the lowest gross national income — value standard local currency recorded in Australia?
- The lowest recorded value was 39,928 million SLC in 1970.
- How does Australia rank for gross national income — value standard local currency?
- Australia ranks 76th out of 202 countries with data for 2023.
- Is gross national income — value standard local currency rising or falling in Australia?
- Over the last ten years it is up 65.8%. 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 National Income — Value Standard Local Currency. 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).