Australia: GDP, constant dollars

* indicates monthly or quarterly data series
 Australia

Gross Domestic Product, billions of 2010 U.S. dollars

 Latest value 1,586.2
 Year 2022
 Measure billion U.S. dollars
 Data availability 1960 - 2022
 Average 741.0
 Min - Max 204.6 - 1,586.2
 Source The World Bank
For that indicator, we provide data for Australia from 1960 to 2022. The average value for Australia during that period was 741 billion U.S. dollars with a minimum of 204.6 billion U.S. dollars in 1960 and a maximum of 1586.2 billion U.S. dollars in 2022. The latest value from 2022 is 1586.2 billion U.S. dollars. For comparison, the world average in 2022 based on 182 countries is 487.4 billion U.S. dollars. See the global rankings for that indicator or use the country comparator to compare trends over time.
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* indicates monthly or quarterly data series


Recent values chart
Australia - GDP, constant dollars - Recent values chart

Historical chart
Australia - GDP, constant dollars - historical chart - 1960-2022




The GDP of Australia and other countries is a measure of the size of the economy. It is the total market value of all goods and services produced on the territory of a country during a period of time, for example, during one year. We show GDP in constant dollars. In other words, we present the production levels of different years but evaluated using the prices of only one year. The objective is to compare the level of production across years, holding constant any price changes.
Definition: GDP at purchaser's prices is the sum of gross value added by all resident producers in the economy plus any product taxes and minus any subsidies not included in the value of the products. It is calculated without making deductions for depreciation of fabricated assets or for depletion and degradation of natural resources. Data are in constant 2015 prices, expressed in U.S. dollars. Dollar figures for GDP are converted from domestic currencies using 2015 official exchange rates. For a few countries where the official exchange rate does not reflect the rate effectively applied to actual foreign exchange transactions, an alternative conversion factor is used.

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 Related indicators Latest value Reference Measure
 Economic growth 4.27 2022 percent
 GDP, constant dollars 1,586.2 2022 billion U.S. dollars
 GDP, current U.S. dollars 1,692.96 2022 billion U.S. dollars
 GDP per capita, current dollars 65,099.85 2022 U.S. dollars
 GDP per capita, PPP 51,090 2022 U.S. dollars
 GDP per capita, constant dollars 60,993.64 2022 U.S. dollars
 Productivity, relative to the U.S. 86.18 2022 index points
 Productivity, current USD 78.9 2022 USD per hour worked
 Economic growth, quarterly 2.05 Q3/2023 percent
 Economic growth Q-on-Q 0.20 Q3/2023 percent
 Gross Domestic Product (GDP) 654.27 Q3/2023 billion
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