Gross Domestic Product of Australia grew 4.3% in 2021 compared to last year. This rate is 22 -tenths of one percent higher than the figure of 2.1% published in 2020.
The GDP figure in 2021 was €1,381,680$1,635,255 million, Australia is number 12 in the ranking of GDP of the 196 countries that we publish. The absolute value of GDP in Australia rose €192,106$277,616 million with respect to 2020.
The GDP per capita of Australia in 2021 was €53,623$63,464, €7,225$10,511 higher than in 2020, it was €46,398$52,953. 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 2011 when the GDP per capita in Australia was €48,323$67,252.
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.
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.