Australia 2016
Detailed economic analysis and indicators for 2016
Key Economic Indicators (2016)
GDP (Current USD)
$1.21 trillion
↓ 10.69% vs 2015GDP per Capita
$49,888.04
↓ 12.07% vs 2015GDP Growth (Annual %)
2.76%
↑ 0.57pp vs 2015Inflation Rate (CPI %)
1.28%
↓ 0.23pp vs 2015Year-over-Year Comparison
| Indicator | 2015 | 2016 | Change |
|---|---|---|---|
| GDP (Current USD) | $1.35 trillion | $1.21 trillion | -10.69% |
| GDP per Capita | $56,739.03 | $49,888.04 | -12.07% |
| GDP Growth (Annual %) | 2.19% | 2.76% | +0.57pp |
| Inflation (CPI %) | 1.51% | 1.28% | -0.23pp |
| Unemployment Rate (%) | 6.06% | 5.71% | -0.34pp |
All Economic Indicators (2016)
National Accounts
- GDP (Current USD)
- $1.21 trillion
- GDP per Capita
- $49,888.04
- GDP Growth (Annual %)
- 2.76%
- Gross National Income
- $1.18 trillion
Prices & Employment
- Inflation (CPI %)
- 1.28%
- Inflation (GDP Deflator %)
- -0.66%
- Unemployment Rate (%)
- 5.71%
- Interest Rate (Real %)
- 6.12%
Trade & Investment
- Exports (Goods & Services)
- N/A
- Imports (Goods & Services)
- N/A
- FDI Inflow
- N/A
- FDI Outflow
- N/A
Balance & Debt
- Current Account Balance (% GDP)
- -3.62%
- Government Debt (% GDP)
- N/A
- Data Last Updated
- 2025-10-23
Frequently Asked Questions
As of 2016, Australia's Gross Domestic Product (GDP) is $1.21 trillion. This represents the total value of goods and services produced in the country.
The GDP per capita in Australia for 2016 is $49,888.04. GDP per capita is calculated by dividing the country's GDP by its population.
The Consumer Price Index (CPI) inflation rate in Australia for 2016 is 1.28%. This measures the annual percentage change in the cost of consumer goods and services.
Australia's annual GDP growth rate for 2016 is 2.76%. This indicates the rate at which the country's economy is expanding or contracting.
The unemployment rate in Australia for 2016 is 5.71%. This represents the percentage of the labor force that is unemployed and actively seeking employment.