# Australia: GDP per capita, PPP

* indicates monthly or quarterly data series
Australia

## GDP per capita, Purchasing Power Parity

Latest value 51,090
Year 2022
Measure U.S. dollars
Data availability 1990 - 2022
Average 41,516
Min - Max 30,180 - 51,090
Source The World Bank
For that indicator, we provide data for Australia from 1990 to 2022. The average value for Australia during that period was 41516 U.S. dollars with a minimum of 30180 U.S. dollars in 1992 and a maximum of 51090 U.S. dollars in 2022. The latest value from 2022 is 51090 U.S. dollars. For comparison, the world average in 2022 based on 179 countries is 22555 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

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GDP per capita in Australia and other countries is calculated as the Gross Domestic Product (GDP) divided by the population.

We show the GDP per capita in Purchasing Power Parity (PPP) terms, i.e. we calculate the GDP per capita in different countries using U.S. prices. The PPP measure is useful to compare income across countries. It allows us to answer the following question: 'What can the average person in some country buy if they paid U.S. prices?'

Moreover, we use constant prices. Using the prices from only one year allows us to compare GDP per capita over time as the effect of inflation is eliminated. Otherwise, we are not sure if the increase in GDP is due to price increases or to a growth in production.

GDP per capita varies considerably across countries. In advanced economies, it exceeds 35,000 dollars per year. In some very poor countries, it is less than 1000 dollars per year.
Definition: GDP per capita based on purchasing power parity (PPP). PPP GDP is gross domestic product converted to international dollars using purchasing power parity rates. An international dollar has the same purchasing power over GDP as the U.S. dollar has in the United States. 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 2011 international dollars.

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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