Australia Economic Statistics and Indicators

21, Nov 2019, EST. Welcome to the Australia economic statistics pages provided by the beta version of EconomyWatch.com's Econ Stats database.

Economic Indicators For: Australia › Change country
National or Regional Currency: Australian Dollar, AUD
Year of data: 2015 › Change year
Number of Indicators Listed: 42
Full Dataset: From Year 1980 to 2019
Date of Last Update: 17th March 2015
Population: 22,507,617 (July 2014 est.)
Area: total: 7,741,220 sq km ; land: 7,682,300 sq km ; water: 58,920 sq km ; note: includes Lord Howe Island and Macquarie Island
Natural Resources: bauxite, coal, iron ore, copper, tin, gold, silver, uranium, nickel, tungsten, rare earth elements, mineral sands, lead, zinc, diamonds, natural gas, petroleum ; note: Australia is the world's largest net exporter of coal accounting for 29% of global coal exports
Capital: name: Canberra ; geographic coordinates: 35 16 S, 149 08 E ; time difference: UTC+10 (15 hours ahead of Washington, DC, during Standard Time) ; daylight saving time: +1hr, begins first Sunday in October; ends first Sunday in April ; note: Australia has three time zones

The Australian economy has experienced continuous growth and features low unemployment, contained inflation, very low public debt, and a strong and stable financial system. By 2012, Australia had experienced more than 20 years of continued economic growth, averaging 3.5% a year. Demand for resources and energy from Asia and especially China has grown rapidly, creating a channel for resources investments and growth in commodity exports. The high Australian dollar has hurt the manufacturing sector, while the services sector is the largest part of the Australian economy, accounting for about 70% of GDP and 75% of jobs. Australia was comparatively unaffected by the global financial crisis as the banking system has remained strong and inflation is under control. Australia has benefited from a dramatic surge in its terms of trade in recent years, stemming from rising global commodity prices. Australia is a significant exporter of natural resources, energy, and food. Australia's abundant and diverse natural resources attract high levels of foreign investment and include extensive reserves of coal, iron, copper, gold, natural gas, uranium, and renewable energy sources. A series of major investments, such as the US$40 billion Gorgon Liquid Natural Gas project, will significantly expand the resources sector. Australia is an open market with minimal restrictions on imports of goods and services. The process of opening up has increased productivity, stimulated growth, and made the economy more flexible and dynamic. Australia plays an active role in the World Trade Organization, APEC, the G20, and other trade forums. Australia has bilateral free trade agreements (FTAs) with Chile, Malaysia, New Zealand, Singapore, Thailand, and the US, has a regional FTA with ASEAN and New Zealand, is negotiating agreements with China, India, Indonesia, Japan, and the Republic of Korea, as well as with its Pacific neighbors and the Gulf Cooperation Council countries, and is also working on the Trans-Pacific Partnership Agreement with Brunei Darussalam, Canada, Chile, Malaysia, Mexico, New Zealand, Peru, Singapore, the US, and Vietnam.
More on the Australia Economy
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GDP (Constant Prices, National Currency) for Australia in year 2015 is AUD 1,642.99 Billion.

GDP Growth (Constant Prices, National Currency) for Australia in year 2015 is 2.479 %.

GDP (Current Prices, National Currency) for Australia in year 2015 is AUD 1,629.10 Billion.

GDP (Current Prices, US Dollars) for Australia in year 2015 is US$ 1,223.89 Billion.

GDP Deflator for Australia in year 2015 is 99.155 (Index, Base Year as per country's accounts = 100).

GDP Per Capita (Constant Prices, National Currency) for Australia in year 2015 is AUD 68,413.21 .

GDP Per Capita (Current Prices, National Currency) for Australia in year 2015 is AUD 67,834.84 .

GDP Per Capita (Current Prices, US Dollars) for Australia in year 2015 is US$ 50,961.87 .

Output Gap, Percent of Potential GDP for Australia in year 2015 is -1.423 %.

GDP (PPP), US Dollars for Australia in year 2015 is US$ 1,138.09 Billion.

GDP Per Capita (PPP), US Dollars for Australia in year 2015 is US$ 47,389.14 .

GDP Share of World Total (PPP) for Australia in year 2015 is 1.003 %.

Implied PPP Conversion Rate for Australia in year 2015 is 1.431 .

Investment (% of GDP) for Australia in year 2015 is 26.1 %.

Gross National Savings (% of GDP) for Australia in year 2015 is 22.178 %.

Inflation, Average Consumer Prices (Indexed to Year 2000) for Australia in year 2015 is 107.675 (Index, Base Year 2000 = 100).

Inflation (Average Consumer Price Change %) for Australia in year 2015 is 1.532 %.

Inflation, End of Year (Indexed to Year 2000) for Australia in year 2015 is 108.3 (Index, Base Year 2000 = 100).

Inflation (End of Year Change %) for Australia in year 2015 is 1.69 %.

Import Volume of All Items Including Goods and Services (Percent Change) for Australia in year 2015 is 0.967 %.

Import Volumes of Goods Only (Percent Change) for Australia in year 2015 is 2.285 %.

Export Volume of All Items Including Goods and Services (Percent Change) for Australia in year 2015 is 6.104 %.

Export Volumes of Goods Only (Percent Change) for Australia in year 2015 is 5.613 %.

Unemployment Rate (% of Labour Force) for Australia in year 2015 is 6.075 %.

Employment for Australia in year 2015 is 11.743 Million .

Population for Australia in year 2015 is 24.016 Million .

General government revenue (National Currency) for Australia in year 2015 is AUD 561.674 Billions.

General government revenue (% of GDP) for Australia in year 2015 is 34.477 %.

General government total expenditure (National Currency) for Australia in year 2015 is AUD 606.817 Billions.

General government total expenditure (% of GDP) for Australia in year 2015 is 37.249 %.

Total Government Net Lending/ Borrowing (National Currency) for Australia in year 2015 is AUD -45.143 Billions.

Total Government Net Lending/ Borrowing (% of GDP) for Australia in year 2015 is -2.771 %.

General Government Structural Balance (National Currency) for Australia in year 2015 is AUD -35.309 Billion.

General Government Structural Balance (% Potential GDP) for Australia in year 2015 is -2.157 %.

Fiscal Year Gross Domestic Product, Current Prices for Australia in year 2015 is AUD 1,629.10 Billions.

Current Account Balance (US Dollars) for Australia in year 2015 is US$ -56.198 Billion.

Current Account Balance (% GDP) for Australia in year 2015 is -4.592 %.