Gross Domestic Product of Australia grew 2.4% in 2016 compared to last year This rate is the same than the previous year.
The GDP figure in 2016 was €1,137,316$1,225,286 million, Australia is number 13 in the ranking of GDP of the 196 countries that we publish. The absolute value of GDP in Australia dropped €69,884$219,092 million with respect to 2015.
The GDP per capita of Australia in 2016 was €47,507$51,181, €2,919$9,985 less than in 2015, when it was €50,426$61,166. 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 2006 when the GDP per capita in Australia was €28,835$36,144.
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 11th out of the 196 countries whose GDP we publish.