Nominal GDP in billions of USD
Year -
$1723.83 billions(1.82%)
In 2023, Australia witnessed an increase in its Nominal GDP, rising to 1723.83 billion dollars, and an increase in its GDP based on Purchasing Power Parity (PPP), which reached 1841.12 international billion dollars.
Relatedly, in the preceding year of 2022, Australia has Nominal GDP stood at 1692.96 billion dollars, while the GDP based on PPP was 1700.46 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 % |