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 (2015–2024)
+1.43%annual growth
Chart data: 2015: 1,351,296,372,254.31 USD, 2016: 1,206,836,962,281.84 USD, 2017: 1,325,582,658,156.54 USD, 2018: 1,427,809,041,019.44 USD, 2019: 1,392,723,834,562.64 USD, 2020: 1,328,414,058,378.38 USD, 2021: 1,556,735,770,437.26 USD, 2022: 1,690,858,246,994.43 USD, 2023: 1,728,057,316,695.61 USD, 2024: 1,752,193,307,380.34 USD
Demographics
27.2M
Population
+2.07%annual growth
Labor Market
4.07%
Unemployment Rate
+0.40ppannual change
Verified: Nov 2025
Economics
+3.16%
Inflation Rate
-2.44ppannual change
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.
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