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Unit ( Billions of US dollars )
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According to the latest statistics released by the World Bank in 2024, Australia's GDP in 2021 was $1542.66 billion, ranking 14th in the world and 1st in Oceania. In 2020, Australia's GDP was $1327.84 billion, ranking 14th in the world and 1st in Oceania. In 2019, Australia's GDP was $1391.95 billion, ranking 15th in the world and 1st in Oceania. In 2018, Australia's GDP was $1428.53 billion, ranking 14th in the world and 1st in Oceania. Australia's GDP growth rates in 2021, 2020, 2019 and 2018 were 16.18%, -4.61%, -2.56% and 7.66% respectively.
| Year | GDP | Share of World GDP |
|---|---|---|
| 2021 | $1542.66 billion | 1.6053% |
| 2020 | $1327.84 billion | 1.5639% |
| 2019 | $1391.95 billion | 1.588% |
| 2018 | $1428.53 billion | 1.6531% |
| 2017 | $1326.88 billion | 1.63% |
| 2016 | $1206.69 billion | 1.5781% |
| 2015 | $1350.53 billion | 1.7964% |
| 2014 | $1467.51 billion | 1.8411% |
| 2013 | $1576.34 billion | 2.0312% |
| 2012 | $1546.51 billion | 2.0487% |
| 2011 | $1397.91 billion | 1.8928% |
| 2010 | $1147.59 billion | 1.7232% |
| 2009 | $928.04 billion | 1.5262% |
| 2008 | $1055.13 billion | 1.6455% |
| 2007 | $853.96 billion | 1.4634% |
| 2006 | $747.56 billion | 1.4437% |
| 2005 | $695.08 billion | 1.4547% |
| 2004 | $614.17 billion | 1.3921% |
| 2003 | $467.39 billion | 1.1939% |
| 2002 | $395.34 billion | 1.1324% |
| 2001 | $379.08 billion | 1.1277% |
| 2000 | $415.58 billion | 1.2284% |
| 1999 | $389.1 billion | 1.1885% |
| 1998 | $399.4 billion | 1.2663% |
| 1997 | $435.32 billion | 1.3767% |
| 1996 | $401.09 billion | 1.2638% |
| 1995 | $367.92 billion | 1.1852% |
| 1994 | $322.81 billion | 1.1582% |
| 1993 | $312.13 billion | 1.2088% |
| 1992 | $325.48 billion | 1.2811% |
| 1991 | $325.9 billion | 1.3717% |
| 1990 | $311.33 billion | 1.3667% |
| 1989 | $299.77 billion | 1.4844% |
| 1988 | $236.07 billion | 1.2207% |
| 1987 | $189.4 billion | 1.0943% |
| 1986 | $182.37 billion | 1.1994% |
| 1985 | $180.57 billion | 1.4041% |
| 1984 | $193.59 billion | 1.5778% |
| 1983 | $177.33 billion | 1.498% |
| 1982 | $194.11 billion | 1.6722% |
| 1981 | $176.95 billion | 1.5091% |
| 1980 | $150.03 billion | 1.3236% |
| 1979 | $134.94 billion | 1.3423% |
| 1978 | $118.54 billion | 1.3695% |
| 1977 | $110.39 billion | 1.5019% |
| 1976 | $105.1 billion | 1.6173% |
| 1975 | $97.33 billion | 1.6282% |
| 1974 | $88.98 billion | 1.658% |
| 1973 | $63.85 billion | 1.3712% |
| 1972 | $52.05 billion | 1.3638% |
| 1971 | $45.22 billion | 1.3661% |
| 1970 | $41.34 billion | 1.3794% |
| 1969 | $36.69 billion | 1.3385% |
| 1968 | $32.72 billion | 1.3167% |
| 1967 | $30.45 billion | 1.3224% |
| 1966 | $27.31 billion | 1.2623% |
| 1965 | $25.98 billion | 1.303% |
| 1964 | $23.8 billion | 1.3006% |
| 1963 | $21.54 billion | 1.2888% |
| 1962 | $19.92 billion | 1.2851% |
| 1961 | $19.68 billion | 1.359% |
| 1960 | $18.61 billion | 1.3367% |