Nominal GDP in billions of USD
Year -
$1,723.83 billions(1.82%)
In 2023, Australia witnessed an increase in its Nominal GDP, rising to 1,723.83 billion dollars, and an increase in its GDP based on Purchasing Power Parity (PPP), which reached 1,841.12 international billion dollars.
Relatedly, in the preceding year of 2022, Australia has Nominal GDP stood at 1,692.96 billion dollars, while the GDP based on PPP was 1,700.46 international billion dollars.
The net change in Australia's GDP (Nominal) in 2023 increased by 30.87 billion dollars(1.82%), and GDP (PPP) increased by 140.66 international billion dollars(8.27%).
| Nominal | PPP | |||||
|---|---|---|---|---|---|---|
| Year | Bil $ | Net Chg | % Chg | Int Bil $ | Net Chg | % Chg |
| 1960 | 18.61 | - | - | - | - | - |
| 1961 | 19.68 | 1.07 | 5.75 % | - | - | - |
| 1962 | 19.92 | 0.24 | 1.22 % | - | - | - |
| 1963 | 21.54 | 1.62 | 8.13 % | - | - | - |
| 1964 | 23.8 | 2.26 | 10.49 % | - | - | - |
| 1965 | 25.98 | 2.18 | 9.16 % | - | - | - |
| 1966 | 27.31 | 1.33 | 5.12 % | - | - | - |
| 1967 | 30.44 | 3.13 | 11.46 % | - | - | - |
| 1968 | 32.71 | 2.27 | 7.46 % | - | - | - |
| 1969 | 36.68 | 3.97 | 12.14 % | - | - | - |
| 1970 | 41.33 | 4.65 | 12.68 % | - | - | - |
| 1971 | 45.22 | 3.89 | 9.41 % | - | - | - |
| 1972 | 52.04 | 6.82 | 15.08 % | - | - | - |
| 1973 | 63.83 | 11.79 | 22.66 % | - | - | - |
| 1974 | 88.96 | 25.13 | 39.37 % | - | - | - |
| 1975 | 97.3 | 8.34 | 9.38 % | - | - | - |
| 1976 | 105.06 | 7.76 | 7.98 % | - | - | - |
| 1977 | 110.35 | 5.29 | 5.04 % | - | - | - |
| 1978 | 118.49 | 8.14 | 7.38 % | - | - | - |
| 1979 | 134.9 | 16.41 | 13.85 % | - | - | - |
| 1980 | 149.99 | 15.09 | 11.19 % | - | - | - |
| 1981 | 176.89 | 26.9 | 17.93 % | - | - | - |
| 1982 | 194.04 | 17.15 | 9.7 % | - | - | - |
| 1983 | 177.27 | -16.77 | -8.64 % | - | - | - |
| 1984 | 193.52 | 16.25 | 9.17 % | - | - | - |
| 1985 | 180.64 | -12.88 | -6.66 % | - | - | - |
| 1986 | 182.48 | 1.84 | 1.02 % | - | - | - |
| 1987 | 189.49 | 7.01 | 3.84 % | - | - | - |
| 1988 | 236.15 | 46.66 | 24.62 % | - | - | - |
| 1989 | 299.87 | 63.72 | 26.98 % | - | - | - |
| 1990 | 311.42 | 11.55 | 3.85 % | 296.61 | - | - |
| 1991 | 325.97 | 14.55 | 4.67 % | 308.27 | 11.66 | 3.93 % |
| 1992 | 325.52 | -0.45 | -0.14 % | 319.05 | 10.78 | 3.5 % |
| 1993 | 312.13 | -13.39 | -4.11 % | 338.87 | 19.82 | 6.21 % |
| 1994 | 322.8 | 10.67 | 3.42 % | 359.15 | 20.28 | 5.98 % |
| 1995 | 368.17 | 45.37 | 14.06 % | 378.8 | 19.65 | 5.47 % |
| 1996 | 401.34 | 33.17 | 9.01 % | 403.35 | 24.55 | 6.48 % |
| 1997 | 435.64 | 34.3 | 8.55 % | 426.03 | 22.68 | 5.62 % |
| 1998 | 399.67 | -35.97 | -8.26 % | 453.62 | 27.59 | 6.48 % |
| 1999 | 389.65 | -10.02 | -2.51 % | 479.44 | 25.82 | 5.69 % |
| 2000 | 416.17 | 26.52 | 6.81 % | 505.06 | 25.62 | 5.34 % |
| 2001 | 379.63 | -36.54 | -8.78 % | 532.87 | 27.81 | 5.51 % |
| 2002 | 395.79 | 16.16 | 4.26 % | 566 | 33.13 | 6.22 % |
| 2003 | 467.74 | 71.95 | 18.18 % | 594.02 | 28.02 | 4.95 % |
| 2004 | 614.66 | 146.92 | 31.41 % | 633.14 | 39.12 | 6.59 % |
| 2005 | 695.69 | 81.03 | 13.18 % | 666.57 | 33.43 | 5.28 % |
| 2006 | 748.42 | 52.73 | 7.58 % | 712.65 | 46.08 | 6.91 % |
| 2007 | 855.01 | 106.59 | 14.24 % | 763.41 | 50.76 | 7.12 % |
| 2008 | 1056.11 | 201.1 | 23.52 % | 797.55 | 34.14 | 4.47 % |
| 2009 | 928.76 | -127.35 | -12.06 % | 874.44 | 76.89 | 9.64 % |
| 2010 | 1148.89 | 220.13 | 23.7 % | 867.49 | -6.95 | -0.79 % |
| 2011 | 1398.7 | 249.81 | 21.74 % | 938.85 | 71.36 | 8.23 % |
| 2012 | 1547.65 | 148.95 | 10.65 % | 974.51 | 35.66 | 3.8 % |
| 2013 | 1577.3 | 29.65 | 1.92 % | 1062.41 | 87.9 | 9.02 % |
| 2014 | 1468.6 | -108.7 | -6.89 % | 1101.35 | 38.94 | 3.67 % |
| 2015 | 1351.77 | -116.83 | -7.96 % | 1102.49 | 1.14 | 0.1 % |
| 2016 | 1207.58 | -144.19 | -10.67 % | 1143.97 | 41.48 | 3.76 % |
| 2017 | 1326.88 | 119.3 | 9.88 % | 1190.74 | 46.77 | 4.09 % |
| 2018 | 1429.73 | 102.85 | 7.75 % | 1254.44 | 63.7 | 5.35 % |
| 2019 | 1394.67 | -35.06 | -2.45 % | 1336.33 | 81.89 | 6.53 % |
| 2020 | 1330.38 | -64.29 | -4.61 % | 1386.7 | 50.37 | 3.77 % |
| 2021 | 1559.03 | 228.65 | 17.19 % | 1474.5 | 87.8 | 6.33 % |
| 2022 | 1692.96 | 133.93 | 8.59 % | 1700.46 | 225.96 | 15.32 % |
| 2023 | 1723.83 | 30.87 | 1.82 % | 1841.12 | 140.66 | 8.27 % |