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 2020 was at about 10.906 US Dollar per capita. In contrast, the GDP in Australia reached 51.693 US dollars per inhabitant, or 1,327.84 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 21.

Inflation in Australia was in 2020 at around 0.85%. For the the EU, the average of the same was year at 0.50%. In the United States, it was most recently 1.23%.

Compared with the USA, prices for daily consumer goods are around 9.2% higher.
The Corruption Perceptions Index for the public sector counts 67 and is compared to other countries moderate.


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