Australia 2023
Detailed economic analysis and indicators for 2023
Key Economic Indicators (2023)
GDP (Current USD)
$1.73 trillion
↑ 2.20% vs 2022GDP per Capita
$64,820.91
↓ 0.27% vs 2022GDP Growth (Annual %)
3.44%
↓ 0.80pp vs 2022Inflation Rate (CPI %)
5.60%
↓ 1.00pp vs 2022Year-over-Year Comparison
| Indicator | 2022 | 2023 | Change |
|---|---|---|---|
| GDP (Current USD) | $1.69 trillion | $1.73 trillion | +2.20% |
| GDP per Capita | $64,997.01 | $64,820.91 | -0.27% |
| GDP Growth (Annual %) | 4.24% | 3.44% | -0.80pp |
| Inflation (CPI %) | 6.59% | 5.60% | -1.00pp |
| Unemployment Rate (%) | 3.73% | 3.67% | -0.06pp |
All Economic Indicators (2023)
National Accounts
- GDP (Current USD)
- $1.73 trillion
- GDP per Capita
- $64,820.91
- GDP Growth (Annual %)
- 3.44%
- Gross National Income
- $1.65 trillion
Prices & Employment
- Inflation (CPI %)
- 5.60%
- Inflation (GDP Deflator %)
- 6.51%
- Unemployment Rate (%)
- 3.67%
- 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)
- -0.30%
- Government Debt (% GDP)
- N/A
- Data Last Updated
- 2025-10-23
Frequently Asked Questions
As of 2023, Australia's Gross Domestic Product (GDP) is $1.73 trillion. This represents the total value of goods and services produced in the country.
The GDP per capita in Australia for 2023 is $64,820.91. GDP per capita is calculated by dividing the country's GDP by its population.
The Consumer Price Index (CPI) inflation rate in Australia for 2023 is 5.60%. This measures the annual percentage change in the cost of consumer goods and services.
Australia's annual GDP growth rate for 2023 is 3.44%. This indicates the rate at which the country's economy is expanding or contracting.
The unemployment rate in Australia for 2023 is 3.67%. This represents the percentage of the labor force that is unemployed and actively seeking employment.