Gross Domestic Product of Australia grew 2.7% in 2014 compared to last year . This rate is 6-tenths of one percent higher than the figure of 2.1% published in 2013.
The GDP figure in 2014 was €1,085,454$1,442,722 million, Australia is number 12 in the ranking of GDP of the 196 countries that we publish. The absolute value of GDP in Australia dropped €41,837$54,496 million with respect to 2013.
The GDP per capita of Australia in 2014 was €45,943$61,066, €2,449$3,205 less than in 2013, when it was €48,392$64,271. To view the evolution of the GDP per capita, it is interesting to look back a few years and compare these data with those of 2004 when the GDP per capita in Australia was €26,313$32,715.
If we order the countries according to their GDP per capita, Australia is very well positioned in terms of the standard of living of its population, coming 7th out of the 196 countries whose GDP we publish.