The Gross Domestic Product (GDP) in Australia was worth 1675.42 billion US dollars in 2022, according to official data from the World Bank. The GDP value of Australia represents 0.75 percent of the world economy. source: World Bank
GDP in Australia averaged 502.19 USD Billion from 1960 until 2022, reaching an all time high of 1675.42 USD Billion in 2022 and a record low of 18.61 USD Billion in 1960. This page provides - Australia GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news. Australia GDP - values, historical data and charts - was last updated on August of 2023.
GDP in Australia is expected to reach 1687.00 USD Billion by the end of 2023, according to Trading Economics global macro models and analysts expectations. In the long-term, the Australia GDP is projected to trend around 1706.00 USD Billion in 2024 and 1738.00 USD Billion in 2025, according to our econometric models.