Gross Domestic Product of Australia grew 2.1% in 2020 compared to last year. This rate is 24 -tenths of one percent higher than the figure of -0.3% published in 2019.
The GDP figure in 2020 was €1,189,574$1,357,639 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 €48,993$29,058 million with respect to 2019.
The GDP per capita of Australia in 2020 was €46,398$52,953, €2,122$1,370 less than in 2019, when it was €48,520$54,323. 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 2010 when the GDP per capita in Australia was €42,613$56,539.
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 13th out of the 196 countries whose GDP we publish.
Here we show you the progression of the GDP in Australia. You can see GDP in other countries in GDP and see all the economic information about Australia in Australia's economy.