In 2017, GDP for Australia was 1,379.55 billion US dollars. GDP of Australia increased from 380.47 billion US dollars in 1998 to 1,379.55 billion US dollars in 2017 growing at an average annual rate of 7.65 %.The description is composed by Yodatai, our digital data assistant. Have a question? Ask Yodatai ›
GDP at purchaser's prices is the sum of gross value added by all resident producers in the economy plus any product taxes and minus any subsidies not included in the value of the products. It is calculated without making deductions for depreciation of fabricated assets or for depletion and degradation of natural resources. Data are in current U.S. dollars. Dollar figures for GDP are converted from domestic currencies using single year official exchange rates.