Gross Domestic Product of Australia grew 2.9% in 2017 compared to last year. This rate is 6 -tenths of one percent higher than the figure of 2.3% published in 2016.
The GDP figure in 2017 was €1,254,792$1,386,513 million, Australia is number 13 in the ranking of GDP of the 196 countries that we publish. The absolute value of GDP in Australia rose €70,642$119,864 million with respect to 2016.
The GDP per capita of Australia in 2017 was €50,652$55,968, €2,101$4,034 higher than in 2016, it was €48,551$51,934. 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 2007 when the GDP per capita in Australia was €34,267$45,103.
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 12th out of the 196 countries whose GDP we publish.