Australia GDP

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 as per the World Bank's estimates.

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.

Australia GDP (Worldbank Estimates)

The net change in Australia's GDP (Nominal) in 2023 increased by 30.87 billion dollars(1.79%), and GDP (PPP) increased by 140.66 international billion dollars(7.64%).

Source: worldbank Nominal PPP

Australia Annual GDP Table

NominalPPP
YearBil $Net Chg% ChgInt Bil $Net Chg% Chg
196018.61-- ---
196119.681.075.44 % ---
196219.920.241.20 % ---
196321.541.627.52 % ---
196423.802.269.50 % ---
196525.982.188.39 % ---
196627.311.334.87 % ---
196730.443.1310.28 % ---
196832.712.276.94 % ---
196936.683.9710.82 % ---
197041.334.6511.25 % ---
197145.223.898.60 % ---
197252.046.8213.11 % ---
197363.8311.7918.47 % ---
197488.9625.1328.25 % ---
197597.308.348.57 % ---
1976105.067.767.39 % ---
1977110.355.294.79 % ---
1978118.498.146.87 % ---
1979134.9016.4112.16 % ---
1980149.9915.0910.06 % ---
1981176.8926.9015.21 % ---
1982194.0417.158.84 % ---
1983177.27-16.77-9.46 % ---
1984193.5216.258.40 % ---
1985180.64-12.88-7.13 % ---
1986182.481.841.01 % ---
1987189.497.013.70 % ---
1988236.1546.6619.76 % ---
1989299.8763.7221.25 % ---
1990311.4211.553.71 % 296.61--
1991325.9714.554.46 %308.2711.663.78 %
1992325.52-0.45-0.14 %319.0510.783.38 %
1993312.13-13.39-4.29 %338.8719.825.85 %
1994322.8010.673.31 %359.1520.285.65 %
1995368.1745.3712.32 %378.8019.655.19 %
1996401.3433.178.26 %403.3524.556.09 %
1997435.6434.307.87 %426.0322.685.32 %
1998399.67-35.97-9.00 %453.6227.596.08 %
1999389.65-10.02-2.57 %479.4425.825.39 %
2000416.1726.526.37 %505.0625.625.07 %
2001379.63-36.54-9.63 %532.8727.815.22 %
2002395.7916.164.08 %566.0033.135.85 %
2003467.7471.9515.38 %594.0228.024.72 %
2004614.66146.9223.90 %633.1439.126.18 %
2005695.6981.0311.65 %666.5733.435.02 %
2006748.4252.737.05 %712.6546.086.47 %
2007855.01106.5912.47 %763.4150.766.65 %
20081,056.11201.1019.04 %797.5534.144.28 %
2009928.76-127.35-13.71 %874.4476.898.79 %
20101,148.89220.1319.16 %867.49-6.95-0.80 %
20111,398.70249.8117.86 %938.8571.367.60 %
20121,547.65148.959.62 %974.5135.663.66 %
20131,577.3029.651.88 %1,062.4187.908.27 %
20141,468.60-108.70-7.40 %1,101.3538.943.54 %
20151,351.77-116.83-8.64 %1,102.491.140.10 %
20161,207.58-144.19-11.94 %1,143.9741.483.63 %
20171,326.88119.308.99 %1,190.7446.773.93 %
20181,429.73102.857.19 %1,254.4463.705.08 %
20191,394.67-35.06-2.51 %1,336.3381.896.13 %
20201,330.38-64.29-4.83 %1,386.7050.373.63 %
20211,559.03228.6514.67 %1,474.5087.805.95 %
20221,692.96133.937.91 %1,700.46225.9613.29 %
20231,723.8330.871.79 %1,841.12140.667.64 %