East Asia & Pacific

🇦🇺 Australia

Real-time economic and demographic statistics for Australia

GDP

#14

of 214

Population

#54

of 217

GDP per Capita

#20

of 214

GDP Growth

#208

of 214

Share of World

1.58%

of world GDP

Income Level

High income

Australia GDP
+1.43%annual growth

Data year: 2024

Verified: Nov 2025

Australia GDP (2015–2024)

+1.43%annual growth

Demographics
27.2M

Population

+2.07%annual growth

Data year: 2024

Verified: Nov 2025

Economics
$64,407

GDP per Capita

-0.66%annual growth

Data year: 2024

Verified: Nov 2025

Economics
+1.43%

GDP Growth Rate

-2.01ppannual change

Data year: 2024

Verified: Nov 2025

Labor Market
4.07%

Unemployment Rate

+0.40ppannual change
Economics
+3.16%

Inflation Rate

-2.44ppannual change

Data year: 2024

Verified: Nov 2025

Frequently Asked Questions

What is Australia's GDP?
Australia's GDP is approximately $1.8 trillion (2024, representing 1.6% of world GDP), making it the #14 largest economy out of 214 countries. Data sourced from the World Bank.
What is Australia's population?
Australia has a population of approximately 27.2M — the #54 most populous country in the world. Population data is collected annually by the World Bank from national statistical agencies.
What is Australia's GDP per capita?
Australia's GDP per capita is approximately $64,407, ranking #20 globally. This metric reflects average economic output per person and is a key indicator of living standards.
How fast is Australia's economy growing?
Australia's economy is currently growing at approximately 1.4% per year, ranking #208 globally by GDP growth rate. Data sourced from the World Bank.
What region is Australia in?
Australia is located in the East Asia & Pacific region and is classified as a high income economy by the World Bank. This classification is based on gross national income (GNI) per capita.