Share of world GDP — all countries

Share of world GDP — Australia

Share of world GDP in Australia in 2031 — 0.894%. Ranked 24 in the world out of 189. Since 1980, the indicator has fallen by 0.258 pp.

2031 0.894% −0.006 pp vs 2030
World rank 24of 189
Period maximum 1.186%1989
Period minimum 0.894%2031

Trend over time

1980–2031 · % of world GDP

Share of world GDP — Australia, 1980–20310.80.911.11.219801986199219982004201020162022202820311980: 1.152%1981: 1.172%1982: 1.167%1983: 1.133%1984: 1.153%1985: 1.174%1986: 1.165%1987: 1.176%1988: 1.174%1989: 1.186%1990: 1.157%1991: 1.12%1992: 1.032%1993: 1.053%1994: 1.074%1995: 1.067%1996: 1.069%1997: 1.075%1998: 1.097%1999: 1.107%2000: 1.086%2001: 1.087%2002: 1.102%2003: 1.095%2004: 1.084%2005: 1.068%2006: 1.042%2007: 1.034%2008: 1.032%2009: 1.06%2010: 1.032%2011: 1.022%2012: 1.028%2013: 1.017%2014: 1.008%2015: 0.998%2016: 0.994%2017: 0.981%2018: 0.975%2019: 0.976%2020: 0.986%2021: 0.992%2022: 0.998%2023: 0.987%2024: 0.964%2025: 0.951%2026: 0.942%2027: 0.929%2028: 0.916%2029: 0.907%2030: 0.9%2031: 0.894%
Change over the period: −0.258 pp Annual average: -0.01 pp

Comparison, 2031

How the value compares with the world and the groups this territory belongs to: Australia

Australia 0.894%
World computed 99.592%
East Asia & Pacific computed 34.105%
Australia and New Zealand computed 1.029%
High-income countries computed 43.63%
Share of world GDP — Australia, by year Australia All countries CSV XLSX
Year % Change, pp
2031 0.894 −0.006 pp
2030 0.9 −0.007 pp
2029 0.907 −0.009 pp
2028 0.916 −0.013 pp
2027 0.929 −0.013 pp
2026 0.942 −0.009 pp
2025 0.951 −0.013 pp
2024 0.964 −0.023 pp
2023 0.987 −0.011 pp
2022 0.998 +0.006 pp
2021 0.992 +0.006 pp
2020 0.986 +0.01 pp
2019 0.976 +0.001 pp
2018 0.975 −0.006 pp
2017 0.981 −0.013 pp
2016 0.994 −0.004 pp
2015 0.998 −0.01 pp
2014 1.008 −0.009 pp
2013 1.017 −0.011 pp
2012 1.028 +0.006 pp
2011 1.022 −0.01 pp
2010 1.032 −0.028 pp
2009 1.06 +0.028 pp
2008 1.032 −0.002 pp
2007 1.034 −0.008 pp
2006 1.042 −0.026 pp
2005 1.068 −0.016 pp
2004 1.084 −0.011 pp
2003 1.095 −0.007 pp
2002 1.102 +0.015 pp
2001 1.087 +0.001 pp
2000 1.086 −0.021 pp
1999 1.107 +0.01 pp
1998 1.097 +0.022 pp
1997 1.075 +0.006 pp
1996 1.069 +0.002 pp
1995 1.067 −0.007 pp
1994 1.074 +0.021 pp
1993 1.053 +0.021 pp
1992 1.032 −0.088 pp
1991 1.12 −0.037 pp
1990 1.157 −0.029 pp
1989 1.186 +0.012 pp
1988 1.174 −0.002 pp
1987 1.176 +0.011 pp
1986 1.165 −0.009 pp
1985 1.174 +0.021 pp
1984 1.153 +0.02 pp
1983 1.133 −0.034 pp
1982 1.167 −0.005 pp
1981 1.172 +0.02 pp
1980 1.152

Australia and New Zealand, 2031

The same indicator for neighboring countries — with links to their pages

AU Australia 0.894 NZ New Zealand 0.135

About the indicator

A country's share of world gross product measured at purchasing power parity. This is the indicator used when speaking of the shift of economic weight between regions: at PPP the shares look different than at market exchange rates — the weight of China and India is markedly higher, that of advanced countries lower, because prices for non-traded services are lower in poorer countries. The IMF series runs with a forecast several years ahead.

Important: The only indicator in the section where the sum over a group of countries has a direct meaning: the shares add up, and for a group the result is its weight in the world economy. The whole world should come to one hundred percent.

Source: World Economic Outlook (IMF), license IMF open data.