Australia 2024
Detailed economic analysis and indicators for 2024
Key Economic Indicators (2024)
GDP (Current USD)
$1.77 trillion
↑ 2.34% vs 2023GDP per Capita
$66,338.76
↑ 2.34% vs 2023GDP Growth (Annual %)
2.34%
↓ 1.10pp vs 2023Inflation Rate (CPI %)
3.16%
↓ 2.44pp vs 2023Year-over-Year Comparison
| Indicator | 2023 | 2024 | Change |
|---|---|---|---|
| GDP (Current USD) | $1.73 trillion | $1.77 trillion | +2.34% |
| GDP per Capita | $64,820.91 | $66,338.76 | +2.34% |
| GDP Growth (Annual %) | 3.44% | 2.34% | -1.10pp |
| Inflation (CPI %) | 5.60% | 3.16% | -2.44pp |
| Unemployment Rate (%) | 3.67% | 4.07% | +0.40pp |
All Economic Indicators (2024)
National Accounts
- GDP (Current USD)
- $1.77 trillion
- GDP per Capita
- $66,338.76
- GDP Growth (Annual %)
- 2.34%
- Gross National Income
- N/A
Prices & Employment
- Inflation (CPI %)
- 3.16%
- Inflation (GDP Deflator %)
- N/A
- Unemployment Rate (%)
- 4.07%
- 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)
- N/A
- Government Debt (% GDP)
- N/A
- Data Last Updated
- 2025-10-23
Frequently Asked Questions
As of 2024, Australia's Gross Domestic Product (GDP) is $1.77 trillion. This represents the total value of goods and services produced in the country.
The GDP per capita in Australia for 2024 is $66,338.76. GDP per capita is calculated by dividing the country's GDP by its population.
The Consumer Price Index (CPI) inflation rate in Australia for 2024 is 3.16%. This measures the annual percentage change in the cost of consumer goods and services.
Australia's annual GDP growth rate for 2024 is 2.34%. This indicates the rate at which the country's economy is expanding or contracting.
The unemployment rate in Australia for 2024 is 4.07%. This represents the percentage of the labor force that is unemployed and actively seeking employment.