Australia - Gross domestic product in current market prices

428,664.2 (million US dollars) in 2023Q3

In 3rd quarter 2023, GDP for Australia was 428,664.2 million US dollars. Though Australia GDP fluctuated substantially in recent years, it tended to increase through 2003 - 2023 period ending at 428,664.2 million US dollars in 3rd quarter 2023.

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What is GDP?

GDP is sum of gross value added, at purchaser prices converted at market exchange rates to current U.S. dollars, by all resident producers in the economy plus any product taxes (less subsidies) not included in the valuation of output. It is calculated without deducting for depreciation of fabricated capital assets or for depletion and degradation of natural resources.

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What is Australia GDP?