Australia 2020
Detailed economic analysis and indicators for 2020
Key Economic Indicators (2020)
GDP (Current USD)
$1.33 trillion
↓ 4.62% vs 2019GDP per Capita
$51,791.54
↓ 5.79% vs 2019GDP Growth (Annual %)
-0.12%
↓ 2.29pp vs 2019Inflation Rate (CPI %)
0.85%
↓ 0.76pp vs 2019Year-over-Year Comparison
| Indicator | 2019 | 2020 | Change |
|---|---|---|---|
| GDP (Current USD) | $1.39 trillion | $1.33 trillion | -4.62% |
| GDP per Capita | $54,972.70 | $51,791.54 | -5.79% |
| GDP Growth (Annual %) | 2.17% | -0.12% | -2.29pp |
| Inflation (CPI %) | 1.61% | 0.85% | -0.76pp |
| Unemployment Rate (%) | 5.16% | 6.46% | +1.30pp |
All Economic Indicators (2020)
National Accounts
- GDP (Current USD)
- $1.33 trillion
- GDP per Capita
- $51,791.54
- GDP Growth (Annual %)
- -0.12%
- Gross National Income
- $1.30 trillion
Prices & Employment
- Inflation (CPI %)
- 0.85%
- Inflation (GDP Deflator %)
- 1.89%
- Unemployment Rate (%)
- 6.46%
- Interest Rate (Real %)
- N/A
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)
- 1.87%
- Government Debt (% GDP)
- N/A
- Data Last Updated
- 2025-10-23
Frequently Asked Questions
As of 2020, Australia's Gross Domestic Product (GDP) is $1.33 trillion. This represents the total value of goods and services produced in the country.
The GDP per capita in Australia for 2020 is $51,791.54. GDP per capita is calculated by dividing the country's GDP by its population.
The Consumer Price Index (CPI) inflation rate in Australia for 2020 is 0.85%. This measures the annual percentage change in the cost of consumer goods and services.
Australia's annual GDP growth rate for 2020 is -0.12%. This indicates the rate at which the country's economy is expanding or contracting.
The unemployment rate in Australia for 2020 is 6.46%. This represents the percentage of the labor force that is unemployed and actively seeking employment.