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Australia GDP

Animated chart · GDP (current US$) · 1960–2024

$1.76T2024 (latest)
+9,328%since 1960
$1.76Tpeak (2024)
65years of data
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$0$500.0B$1.00T$1.50T$2.00T196019922024
Source: World Bank · NY.GDP.MKTP.CD · CC BY 4.0

Australia GDP rose from $18.6B in 1960 to $1.76T in 2024 — 9,328% higher over 64 years, a compound 7.4% a year. It sits at its highest level on record in 2024. The sharpest single-year move was +39% in 1974, against a 12% fall in 2009. Over the past decade it rose 19%.

The data

YearGDP
2024$1.76T
2023$1.73T
2022$1.70T
2021$1.56T
2020$1.33T
2019$1.40T
2018$1.43T
2017$1.33T
2016$1.21T
2015$1.36T
2014$1.47T
2013$1.58T
2012$1.55T
2011$1.40T
2010$1.15T
2009$931.8B
2008$1.06T
2007$856.6B
2006$749.7B
2005$696.8B
2004$615.6B
2003$468.5B
2002$396.4B
2001$380.4B
2000$416.9B
1999$390.3B
1998$400.4B
1997$436.3B
1996$402.0B
1995$368.7B
1994$323.3B
1993$312.6B
1992$326.0B
1991$326.4B
1990$311.8B
1989$300.3B
1988$236.5B
1987$189.7B
1986$182.7B
1985$180.9B
1984$193.7B
1983$177.5B
1982$194.3B
1981$177.2B
1980$150.2B
1979$135.1B
1978$118.7B
1977$110.5B
1976$105.2B
1975$97.4B
1974$89.1B
1973$63.9B
1972$52.1B
1971$45.3B
1970$41.4B
1969$36.7B
1968$32.8B
1967$30.5B
1966$27.3B
1965$26.0B
1964$23.8B
1963$21.6B
1962$20.0B
1961$19.7B
1960$18.6B

Data: World Bank (World Development Indicators), indicator NY.GDP.MKTP.CD. Licensed CC BY 4.0.

Frequently asked questions

What is Australia's GDP in 2024?
Australia's GDP was $1.76T in 2024, from the World Bank's GDP (current US$) series.
How much has Australia's GDP grown since 1960?
It rose from $18.6B in 1960 to $1.76T in 2024 — 9,328% higher, about 7.4% a year.
When was Australia's GDP at its highest?
It is at its highest on record in 2024, at $1.76T.
Where does this GDP chart get its data?
The World Bank's World Development Indicators (series NY.GDP.MKTP.CD), licensed CC BY 4.0. Kitegraph charts it and lets you export an animated video.