East Asia & Pacific
Australia GDP
Gross Domestic Product in current US dollars.
Latest Value
$1.76T
As of 2024
YoY Change
+1.3%
2023 → 2024
Record High
$1.76T
Recorded in 2024
Record Low
$18.64B
Recorded in 1960
10-Year Average
$1.48T
2015–2024
Data Range
1960–2024
65 data points
Source
World Bank
Code: NY.GDP.MKTP.CD
Historical Trend
1960 – 2024
Analysis
Australia's GDP of 1,757,020,000,000 current US$ in 2024 indicates a significant economy. The country's economic performance is driven by its service sector, mining industry, and agricultural sector. Australia's GDP is among the largest in the Asia-Pacific region, reflecting its strong and diverse economy.
Historical Data
| Value | YoY Change | Change % | |
|---|---|---|---|
| 2024 | $1.76T | $22.57B | +1.3% |
| 2023 | $1.73T | $38.82B | +2.3% |
| 2022 | $1.70T | $135.01B | +8.7% |
| 2021 | $1.56T | $227.28B | +17.0% |
| 2020 | $1.33T | $65.01B | -4.6% |
| 2019 | $1.40T | $34.80B | -2.4% |
| 2018 | $1.43T | $102.25B | +7.7% |
| 2017 | $1.33T | $119.30B | +9.8% |
| 2016 | $1.21T | $145.22B | -10.7% |
| 2015 | $1.36T | $117.87B | -8.0% |
Source: World Bank Open Data · 1960–2024
Neighbouring Countries Ranking
East Asia & Pacific · GDP
