Gross domestic product (GDP), Current prices, Fiscal year, Domestic in Australia
Australia: Gross domestic product (GDP), Current prices, Fiscal year, Domestic was 3.74 trillion in 2031. ◆ Volatile
Gross domestic product (GDP), Current prices, Fiscal year, Domestic in Australia, 1980–2031
Source: International Monetary Fund.
Analysis
The most recent figure for gross domestic product (gdp), current prices, fiscal year, domestic in Australia is 3.74 trillion, measured in 2031. That is the highest value across all 52 years on record.
The figure is up 4.6% on the previous year and up 69.3% over ten years.
Over the whole period, gross domestic product (gdp), current prices, fiscal year, domestic in Australia peaked at 3.74 trillion in 2031 and was at its lowest, 143.16 billion, in 1980.
That places Australia 14th out of 26 countries with data for 2031, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Gross domestic product (GDP), Current prices, Fiscal year, Domestic in Australia, year by year
| Year | Value | Change |
|---|---|---|
| 1980 | 143.16 billion | — |
| 1981 | 164.14 billion | +14.7% |
| 1982 | 184.09 billion | +12.2% |
| 1983 | 199.15 billion | +8.2% |
| 1984 | 224.42 billion | +12.7% |
| 1985 | 249.16 billion | +11.0% |
| 1986 | 270.86 billion | +8.7% |
| 1987 | 304.45 billion | +12.4% |
| 1988 | 346.18 billion | +13.7% |
| 1989 | 389.74 billion | +12.6% |
| 1990 | 415.50 billion | +6.6% |
| 1991 | 417.03 billion | +0.4% |
| 1992 | 433.10 billion | +3.9% |
| 1993 | 455.22 billion | +5.1% |
| 1994 | 483.69 billion | +6.3% |
| 1995 | 512.20 billion | +5.9% |
| 1996 | 543.24 billion | +6.1% |
| 1997 | 574.03 billion | +5.7% |
| 1998 | 607.18 billion | +5.8% |
| 1999 | 639.52 billion | +5.3% |
| 2000 | 688.74 billion | +7.7% |
| 2001 | 731.77 billion | +6.2% |
| 2002 | 783.68 billion | +7.1% |
| 2003 | 831.52 billion | +6.1% |
| 2004 | 895.76 billion | +7.7% |
| 2005 | 965.79 billion | +7.8% |
| 2006 | 1.04 trillion | +7.9% |
| 2007 | 1.14 trillion | +9.0% |
| 2008 | 1.24 trillion | +9.1% |
| 2009 | 1.27 trillion | +2.4% |
| 2010 | 1.37 trillion | +7.8% |
| 2011 | 1.47 trillion | +7.6% |
| 2012 | 1.52 trillion | +3.3% |
| 2013 | 1.58 trillion | +3.6% |
| 2014 | 1.62 trillion | +2.8% |
| 2015 | 1.65 trillion | +1.6% |
| 2016 | 1.70 trillion | +3.5% |
| 2017 | 1.81 trillion | +6.1% |
| 2018 | 1.90 trillion | +5.2% |
| 2019 | 2.00 trillion | +5.3% |
| 2020 | 1.98 trillion | -1.1% |
| 2021 | 2.21 trillion | +11.6% |
| 2022 | 2.49 trillion | +12.8% |
| 2023 | 2.63 trillion | +5.6% |
| 2024 | 2.73 trillion | +3.7% |
| 2025 | 2.85 trillion | +4.7% |
| 2026 | 3.02 trillion | +5.7% |
| 2027 | 3.15 trillion | +4.3% |
| 2028 | 3.28 trillion | +4.1% |
| 2029 | 3.42 trillion | +4.3% |
| 2030 | 3.57 trillion | +4.6% |
| 2031 | 3.74 trillion | +4.6% |
Australia compared with similar countries
- Australia's 3.74 trillion is above the median for high income countries, which is 2.99 trillion, 1.2× the median. (13 countries reporting)
- Australia's 3.74 trillion is below the median for East Asia & Pacific, which is 4.46 trillion, 84% of the median. (7 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 247.53 billion | 143.16 billion | 389.74 billion | 10 |
| 1990s | 508.07 billion | 415.50 billion | 639.52 billion | 10 |
| 2000s | 958.22 billion | 688.74 billion | 1.27 trillion | 10 |
| 2010s | 1.66 trillion | 1.37 trillion | 2.00 trillion | 10 |
| 2020s | 2.77 trillion | 1.98 trillion | 3.42 trillion | 10 |
| 2030s | 3.66 trillion | 3.57 trillion | 3.74 trillion | 2 |
Countries ranked near Australia
More public sector data for Australia
- Democracy, annual growth rate 0 % change on previous year (2025)
- Chief executive of the government is elected, annual growth rate 0 % change on previous year (2025)
- Elected parliament, annual growth rate 0 % change on previous year (2025)
- Men's universal right to vote, annual growth rate 0 % change on previous year (2025)
- Universal right to vote, annual growth rate 0 % change on previous year (2025)
- Universal right to vote in practice, annual growth rate 0 % change on previous year (2025)
- Arms imports 826.00 million SIPRI trend indicator values (2025)
- Arms imports (SIPRI trend indicator values), per capita 36.15 SIPRI trend indicator values per person (2024)
- Arms imports (SIPRI trend indicator values), per unit of GDP 0.0006 SIPRI trend indicator values per US$ of GDP (2024)
- Arms imports (SIPRI trend indicator values), annual growth rate 159.37 % change on previous year (2024)
Frequently asked questions
- What is gross domestic product (gdp), current prices, fiscal year, domestic in Australia?
- Gross domestic product (gdp), current prices, fiscal year, domestic in Australia was 3.74 trillion in 2031, according to International Monetary Fund.
- What is the highest gross domestic product (gdp), current prices, fiscal year, domestic recorded in Australia?
- The highest recorded value was 3.74 trillion in 2031.
- What is the lowest gross domestic product (gdp), current prices, fiscal year, domestic recorded in Australia?
- The lowest recorded value was 143.16 billion in 1980.
- How does Australia rank for gross domestic product (gdp), current prices, fiscal year, domestic?
- Australia ranks 14th out of 26 countries with data for 2031.
- Is gross domestic product (gdp), current prices, fiscal year, domestic rising or falling in Australia?
- Over the last ten years it is up 69.3%. The long-run trend across the full record is volatile.
- Where does this Australia data come from?
- The figures come from International Monetary Fund, published as part of Gross domestic product (GDP), Current prices, Fiscal year, Domestic currency (9/26/2025). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 52 observations, free to reuse under IMF Terms and Conditions (attribution required).
About this data
The World Economic Outlook (WEO) database is created during the biannual WEO exercise, which begins in January and June of each year and results in the April and September/October WEO publication. Selected series from the publication are available in a database format.