In 2022, real GDP for Australia was 1,951,108 million LCU. Between 1973 and 2022, real GDP of Australia grew substantially from 462,586 million to 1,951,108 million LCU rising at an increasing annual rate that reached a maximum of 5.75% in 1987 and then decreased to 3.02% in 2022.
The description is composed by our digital data assistant.Expenditure-based gross domestic product is total final expenditure at purchasers’ prices (including final consumption expenditure, gross fixed capital formation, changes in inventories, valuables and f.o.b. value of exports of goods and services), less the f.o.b. value of imports of goods and services.
| Date | Value | Change, % |
|---|---|---|
| 2022 | 1,951,108,683,700 | 3.02% |
| 2021 | 1,893,967,897,546 | 4.27% |
| 2020 | 1,816,425,659,849 | 2.11% |
| 2019 | 1,778,859,162,577 | -0.33% |
| 2018 | 1,784,832,754,345 | 2.18% |
| 2017 | 1,746,734,567,631 | 2.91% |
| 2016 | 1,697,401,904,756 | 2.32% |
| 2015 | 1,658,936,000,000 | 2.78% |
| 2014 | 1,614,078,457,578 | 2.20% |
| 2013 | 1,579,305,156,295 | 2.61% |
| 2012 | 1,539,172,750,125 | 2.61% |
| 2011 | 1,500,077,747,174 |