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Indicators of economy in Australia

The essential economic performance of a country is reflected by the gross domestic product. So the total of all goods and services sold. Worldwide gross domestic product in 2019 was at about 11.429 US Dollar per capita. In contrast, the GDP in Australia reached 55.060 US dollars per inhabitant, or 1,396.57 bn US Dollar in the whole country. Australia is therefore one of the world's largest economies and is currently at rank 13. If this is calculated per inhabitant taking into account the purchasing power parity, then Australia is in the list of the world's richest countries in place 20.

Inflation in Australia was in 2019 at around 1.61%. For the the EU, the average of the same was year at 1.63%.

Compared to Germany, the prices of daily necessities are approximately 24.10% higher.
The Corruption Perceptions Index for the public sector counts 77 and is compared to other countries good.


Back to overview: Australia

Unemployment rates in percent 1991 - 2020

Economic performance 2019

 Australia
Total
Australia
per capita
EU
Total
EU
per capita
GDP1,396.57 bn USD55,060.33 USD15,626.45 tn USD30,381.17 USD
Gross national product1,397.56 bn USD55,099.30 USD16,026.52 tn USD31,158.99 USD


Australia ranked 19th in the Bloomberg Innovation Index in 2021. The index is calculated annually and most recently included 60 countries. The front-runner was South Korea. 32 of the 2000 largest listed companies in the world originate from Australia. This is determined annually in the "Forbes Global 2000" list. The 10 largest companies in the country were in 2020:

Rank 84: Commonwealth Bank (Sydney)
Rank 93: BHP Group (Melbourne)
Rank 127: Westpac Banking Group (Sydney)
Rank 164: ANZ (Docklands)
Rank 191: NAB - National Australia Bank (Melbourne)
Rank 319: Macquarie Group (Sydney)
Rank 415: Woolworths (Sydney)
Rank 453: Telstra (Melbourne)
Rank 476: Fortescue Metals Group (East Perth)
Rank 515: Wesfarmers (Perth)

Development of the Gross domestic product in billion US Dollar 1979 - 2019



Im- and Exports 2019

 Australia
Total
Australia
per capita
EU
Total
EU
per capita
Imports295.56 bn USD11,652.44 USD8,073.39 bn USD15,696.41 USD
Exports342.36 bn USD13,497.69 USD8,622.21 bn USD16,763.44 USD


Development of imports and exports in billion US dollars 1989 - 2019

Exports
Imports



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