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
Latest (2031)
3.74 trillion
Change on year
up 4.6%
World rank
14th
of 26 countries
All-time high
3.74 trillion
in 2031
All-time low
143.16 billion
in 1980
Years of data
52
1980–2031
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
- 11 Saudi Arabia 6.49 trillion compare
- 12 Poland 5.38 trillion compare
- 13 Hong Kong, China 4.46 trillion compare
- 15 United Arab Emirates 2.99 trillion compare
- 16 Ghana 2.98 trillion compare
- 17 Spain 2.19 trillion compare
More public sector data for Australia
- Arms imports 983.00 million SIPRI trend indicator values (2024)
- 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)
- Arms imports (SIPRI trend indicator values), gaps filled 983.00 million SIPRI trend indicator values (2024)
- Military expenditure (current USD), per capita 1,244 current USD per person (2024)
- Military expenditure (current USD), per unit of GDP 0.0192 current USD per US$ of GDP (2024)
- Military expenditure (current USD), annual growth rate 4.42 % change on previous year (2024)
- Military expenditure (current USD), gaps filled 33.82 billion current USD (2024)
- Arms imports (SIPRI trend indicator values), per square kilometre 49.27 SIPRI trend indicator values per square kilometre (2023)
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.
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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.