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 10.922 US Dollar per capita. In contrast, the GDP in Australia reached 51.812 US dollars per inhabitant, or 1,330.90 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 16.

Inflation in Australia was in 2020 at around 0.85%. For the the EU, the average of the same was year at 0.51%.

Compared to Germany, the prices of daily necessities are approximately 20.75% higher.
The Corruption Perceptions Index for the public sector counts 77 and is compared to other countries good.


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