Australia - Gross domestic product in current prices

2,333,221,000,000 (LCU) in 2022

In 2022, GDP (LCU) for Australia was 2,333,221 million LCU. Between 1973 and 2022, GDP (LCU) of Australia grew substantially from 49,820 million to 2,333,221 million LCU rising at an increasing annual rate that reached a maximum of 21.16% in 1974 and then decreased to 11.70% in 2022.

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What is GDP (LCU)?

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 local currency.

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What is Australia GDP (LCU)?