Gross value added at basic prices (GVA) in Australia
Australia: Gross value added at basic prices (GVA) was 1.59 trillion constant 2015 US$ in 2025. ▲ Rising
Latest (2025)
1.59 trillion constant 2015 US$
Change on year
up 1.2%
World rank
10th
of 194 countries
All-time high
1.59 trillion constant 2015 US$
in 2025
All-time low
354.37 billion constant 2015 US$
in 1975
Years of data
51
1975–2025
Gross value added at basic prices (GVA) in Australia, 1975–2025
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in constant 2015 US$.
Analysis
Australia recorded 1.59 trillion constant 2015 US$ for gross value added at basic prices (gva) in 2025. That is the highest value across all 51 years on record.
Compared with earlier readings it is up 1.2% on the previous year and up 25.3% over ten years.
Over the whole period, gross value added at basic prices (gva) in Australia peaked at 1.59 trillion constant 2015 US$ in 2025 and was at its lowest, 354.37 billion constant 2015 US$, in 1975.
That places Australia 10th out of 194 countries with data for 2025, putting it in the top 10%.
The long-run direction has been consistently rising across the 51 years of available data.
Gross value added at basic prices (GVA) in Australia, year by year
| Year | constant 2015 US$ | Change |
|---|---|---|
| 1975 | 354.37 billion constant 2015 US$ | — |
| 1976 | 360.81 billion constant 2015 US$ | +1.8% |
| 1977 | 373.92 billion constant 2015 US$ | +3.6% |
| 1978 | 378.46 billion constant 2015 US$ | +1.2% |
| 1979 | 397.47 billion constant 2015 US$ | +5.0% |
| 1980 | 407.52 billion constant 2015 US$ | +2.5% |
| 1981 | 421.29 billion constant 2015 US$ | +3.4% |
| 1982 | 437.68 billion constant 2015 US$ | +3.9% |
| 1983 | 422.64 billion constant 2015 US$ | -3.4% |
| 1984 | 443.36 billion constant 2015 US$ | +4.9% |
| 1985 | 469.05 billion constant 2015 US$ | +5.8% |
| 1986 | 487.85 billion constant 2015 US$ | +4.0% |
| 1987 | 497.85 billion constant 2015 US$ | +2.0% |
| 1988 | 530.83 billion constant 2015 US$ | +6.6% |
| 1989 | 558.14 billion constant 2015 US$ | +5.1% |
| 1990 | 580.90 billion constant 2015 US$ | +4.1% |
| 1991 | 582.32 billion constant 2015 US$ | +0.2% |
| 1992 | 581.15 billion constant 2015 US$ | -0.2% |
| 1993 | 601.44 billion constant 2015 US$ | +3.5% |
| 1994 | 626.55 billion constant 2015 US$ | +4.2% |
| 1995 | 650.79 billion constant 2015 US$ | +3.9% |
| 1996 | 676.89 billion constant 2015 US$ | +4.0% |
| 1997 | 704.30 billion constant 2015 US$ | +4.1% |
| 1998 | 735.37 billion constant 2015 US$ | +4.4% |
| 1999 | 772.33 billion constant 2015 US$ | +5.0% |
| 2000 | 803.20 billion constant 2015 US$ | +4.0% |
| 2001 | 822.55 billion constant 2015 US$ | +2.4% |
| 2002 | 855.00 billion constant 2015 US$ | +3.9% |
| 2003 | 879.81 billion constant 2015 US$ | +2.9% |
| 2004 | 917.42 billion constant 2015 US$ | +4.3% |
| 2005 | 947.34 billion constant 2015 US$ | +3.3% |
| 2006 | 973.90 billion constant 2015 US$ | +2.8% |
| 2007 | 1.01 trillion constant 2015 US$ | +3.8% |
| 2008 | 1.05 trillion constant 2015 US$ | +3.8% |
| 2009 | 1.07 trillion constant 2015 US$ | +2.2% |
| 2010 | 1.10 trillion constant 2015 US$ | +2.4% |
| 2011 | 1.13 trillion constant 2015 US$ | +2.4% |
| 2012 | 1.17 trillion constant 2015 US$ | +4.1% |
| 2013 | 1.20 trillion constant 2015 US$ | +2.7% |
| 2014 | 1.24 trillion constant 2015 US$ | +2.8% |
| 2015 | 1.27 trillion constant 2015 US$ | +2.3% |
| 2016 | 1.30 trillion constant 2015 US$ | +2.6% |
| 2017 | 1.33 trillion constant 2015 US$ | +2.3% |
| 2018 | 1.37 trillion constant 2015 US$ | +3.0% |
| 2019 | 1.40 trillion constant 2015 US$ | +2.4% |
| 2020 | 1.40 trillion constant 2015 US$ | +0.1% |
| 2021 | 1.43 trillion constant 2015 US$ | +1.9% |
| 2022 | 1.49 trillion constant 2015 US$ | +4.1% |
| 2023 | 1.54 trillion constant 2015 US$ | +3.7% |
| 2024 | 1.57 trillion constant 2015 US$ | +1.6% |
| 2025 | 1.59 trillion constant 2015 US$ | +1.2% |
Australia compared with similar countries
- Australia's 1.59 trillion constant 2015 US$ is above the median for high income countries, which is 96.66 billion constant 2015 US$, 16.4× the median. (69 countries reporting)
- Australia's 1.59 trillion constant 2015 US$ is above the median for East Asia & Pacific, which is 31.94 billion constant 2015 US$, 49.6× the median. (28 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 373.00 billion constant 2015 US$ | 354.37 billion constant 2015 US$ | 397.47 billion constant 2015 US$ | 5 |
| 1980s | 467.62 billion constant 2015 US$ | 407.52 billion constant 2015 US$ | 558.14 billion constant 2015 US$ | 10 |
| 1990s | 651.20 billion constant 2015 US$ | 580.90 billion constant 2015 US$ | 772.33 billion constant 2015 US$ | 10 |
| 2000s | 933.38 billion constant 2015 US$ | 803.20 billion constant 2015 US$ | 1.07 trillion constant 2015 US$ | 10 |
| 2010s | 1.25 trillion constant 2015 US$ | 1.10 trillion constant 2015 US$ | 1.40 trillion constant 2015 US$ | 10 |
| 2020s | 1.50 trillion constant 2015 US$ | 1.40 trillion constant 2015 US$ | 1.59 trillion constant 2015 US$ | 6 |
Countries ranked near Australia
- 7 South Korea 1.81 trillion constant 2015 US$ compare
- 8 Brazil 1.78 trillion constant 2015 US$ compare
- 9 Canada 1.77 trillion constant 2015 US$ compare
- 11 Russia 1.51 trillion constant 2015 US$ compare
- 12 Spain 1.35 trillion constant 2015 US$ compare
- 13 Mexico 1.27 trillion constant 2015 US$ 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)
- Foreign direct investment, net outflows (BoP, current US$), gaps -4.55 billion BoP, current US$ (2025)
- Foreign direct investment, net outflows (BoP, current US$), per unit -0.0025 BoP, current US$ per US$ of GDP (2025)
- Foreign direct investment, net outflows (BoP, current US$), per capita -164.69 BoP, current US$ per person (2025)
- Foreign direct investment, net inflows (BoP, current US$), gaps filled 36.52 billion BoP, current US$ (2025)
- Foreign direct investment, net inflows (BoP, current US$), annual -32.02 % change on previous year (2025)
- Foreign direct investment, net inflows (BoP, current US$), per unit 0.0203 BoP, current US$ per US$ of GDP (2025)
- Foreign direct investment, net inflows (BoP, current US$), per capita 1,323 BoP, current US$ per person (2025)
- Total reserves (includes gold, current US$), annual growth rate 20.24 % change on previous year (2025)
Frequently asked questions
- What is gross value added at basic prices (gva) in Australia?
- Gross value added at basic prices (gva) in Australia was 1.59 trillion constant 2015 US$ in 2025, according to Country official statistics, National Statistical Organizations and/or Central Banks.
- What is the highest gross value added at basic prices (gva) recorded in Australia?
- The highest recorded value was 1.59 trillion constant 2015 US$ in 2025.
- What is the lowest gross value added at basic prices (gva) recorded in Australia?
- The lowest recorded value was 354.37 billion constant 2015 US$ in 1975.
- How does Australia rank for gross value added at basic prices (gva)?
- Australia ranks 10th out of 194 countries with data for 2025.
- Is gross value added at basic prices (gva) rising or falling in Australia?
- Over the last ten years it is up 25.3%. The long-run trend across the full record is rising.
- Where does this Australia data come from?
- The figures come from Country official statistics, National Statistical Organizations and/or Central Banks, published as part of Gross value added at basic prices (GVA) (constant 2015 US$). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 51 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Gross value added at basic prices reflects the price of products receivable by the producer exclusive of taxes payable on products and inclusive of subsidies receivable on products, less intermediate consumption valued at purchasers' prices. This indicator is expressed in constant prices, meaning the series has been adjusted to account for price changes over time. The reference year for this adjustment is 2015. This indicator is expressed in United States dollars.