Economic Trivia

Australia has been ranked as having the largest median wealth in the world.

Trade Source: United Nations Comtrade
Note: Top 3 trade partners are calculated by imports + exports.

Top 3 Trade Partners (2019): China, Japan, and United States
Top 3 Exported Goods (2019): Ores, Oil & Mineral Fuels, and Items nesoi

Top Industries Source: CIA World Factbook

Mining; Industrial and Transportation Equipment; Food Processing; Chemicals

Gross Domestic Product (GDP) [1]

GDP, PPP (current international) $1,345,933,829,390 (2020)
GDP Growth Rate (annual %) -0.004% (2020)
GDP Per Capita, PPP (current international) $52,397 (2020)
Click on a row to display its 5-year graph on the right.

GDP Country Rank 18/197 (2020)

GDP Composition %

Note: GDP composition percentage may exceed 100. Manufacturing is included in the Industry figures and is also reported separately because it plays a critical role in many economies.

Economic Indicators [1]

Inflation, consumer prices (annual %) 0.847% (2020)
External debt stocks, total (DOD, current US$) Data unavailable
Total tax rate (% of commercial profits) 47.4% (2019)
Real Interest Rate (5 year average %) 1.627% (2019)
Manufacturing, value added (% of GDP) 5.651% (2020)
Current Account Balance (BoP, current US$) $36,212,053,244 (2020)
Click on a row to display its 5-year graph on the right.

Labor and Employment [1]

Labor Force, Total 13,452,598 (2020)
Employment in Agriculture (% of total employment) 2.508% (2020)
Employment in Industry (% of total employment) 19.759% (2020)
Employment in Services (% of total employment) 77.733% (2020)
Unemployment Rate 6.61% (2020)
Click on a row to display its 5-year graph on the right.

Trade [1]

Imports of goods and services (current US$) $266,306,475,399 (2020)
Exports of goods and services (current US$) $318,466,282,343 (2020)
Total Merchandise Trade (% of GDP) 34.77% (2020)
FDI, net inflows (BoP, current US$) $40,197,032,577 (2019)
Commercial Service Exports (current US$) $48,686,175,438 (2020)
Click on a row to display its 5-year graph on the right.

Economic Snapshot [1]

Note: Percentile ranks are calculated using the latest available data for all countries within the last 5 years.

How to interpret the graph: The purpose of this graph is to take a snapshot of a country’s economy in comparison to other economies. For example, Australia’s Exports rank is higher than (please wait...) of the countries in the dataset. For Exports, FDI and GDP measures, a higher rank (closer to 100%) indicates a stronger economy. Conversely, for Unemployment and Inflation, a lower rank (closer to 0%) indicates a stronger economy.

Due to unavailable data the following indicators have been omitted:
  • Exports
  • FDI, net inflows
  • GDP Growth Rate
  • GDP Per Capita
  • Inflation
  • Unemployment


  1. The World Bank