What is Australia's GDP?
Tell me the total size of Australia's economy in dollars, what that money is actually spent on, and how Australia ranks against other rich countries both in total and per person.
About $2.93 trillion in current prices in the 2025-26 financial year, 5.4 per cent more than 2024-25. Separately, seasonally adjusted chain volume GDP in the June quarter 2026 was 2.1 per cent above the June quarter 2025. On World Bank 2024 data, which for Australia is 2023-24, Australia is the world's fourteenth largest economy.
- GDP, current prices
- $2.93 trillion
- 2025-26 financial year · +5.4% on 2024-25; original, Aard four-quarter sum
- GDP, real growth
- 2.1%
- Year to June 2026 · chain volume, seasonally adjusted
- World rank, total GDP
- 14th
- 2023-24 financial year · US$1.76 trillion at market exchange rates, current prices
- World rank, GDP per person
- 26th
- 2023-24 financial year · 60,310 constant 2021 international dollars at purchasing power parity
1. Two dollar figures, and they mean different things
The current-price line is what was produced in each quarter, valued in that quarter's prices. The line strips price change out, so it answers how much was actually produced. The two cross in 2023-24 because that is the year the volume series is referenced to; before it, prices were lower, and after it, higher. Quote the current-price figure for the size of and the volume figure for growth — but read growth off the , not the original lines charted here, which rise and fall with the calendar.
GDP each quarter, two ways of counting
Original series, $ million a quarter; chain volume measures referenced to 2023-24
- Current prices
- Chain volume (2023-24 prices)
$m · Quarter
Australian Bureau of Statistics, Australian National Accounts: National Income, Expenditure and Product, June 2026 Australian National Accounts: National Income, Expenditure and Product
Show the numbers
| Quarter | Current prices | Chain volume (2023-24 prices) |
|---|---|---|
| Mar 2010 | $315,864m a quarter | $455,116m a quarter |
| Jun 2010 | $341,595m a quarter | $481,291m a quarter |
| Sep 2010 | $346,530m a quarter | $481,442m a quarter |
| Dec 2010 | $366,543m a quarter | $506,018m a quarter |
| Mar 2011 | $342,217m a quarter | $464,112m a quarter |
| Jun 2011 | $367,661m a quarter | $492,605m a quarter |
| Sep 2011 | $374,096m a quarter | $495,818m a quarter |
| Dec 2011 | $389,797m a quarter | $522,602m a quarter |
| Mar 2012 | $359,693m a quarter | $486,751m a quarter |
| Jun 2012 | $382,191m a quarter | $515,848m a quarter |
| Sep 2012 | $381,355m a quarter | $514,428m a quarter |
| Dec 2012 | $398,200m a quarter | $537,399m a quarter |
| Mar 2013 | $371,263m a quarter | $497,682m a quarter |
| Jun 2013 | $392,900m a quarter | $525,157m a quarter |
| Sep 2013 | $394,739m a quarter | $525,468m a quarter |
| Dec 2013 | $417,782m a quarter | $551,215m a quarter |
| Mar 2014 | $388,473m a quarter | $512,400m a quarter |
| Jun 2014 | $405,323m a quarter | $539,549m a quarter |
| Sep 2014 | $403,647m a quarter | $538,889m a quarter |
| Dec 2014 | $423,154m a quarter | $561,819m a quarter |
| Mar 2015 | $393,724m a quarter | $524,188m a quarter |
| Jun 2015 | $410,262m a quarter | $549,807m a quarter |
| Sep 2015 | $412,720m a quarter | $552,620m a quarter |
| Dec 2015 | $429,219m a quarter | $575,593m a quarter |
| Mar 2016 | $399,306m a quarter | $538,107m a quarter |
| Jun 2016 | $423,195m a quarter | $568,310m a quarter |
| Sep 2016 | $425,062m a quarter | $563,486m a quarter |
| Dec 2016 | $457,846m a quarter | $591,606m a quarter |
| Mar 2017 | $431,088m a quarter | $549,796m a quarter |
| Jun 2017 | $450,697m a quarter | $580,989m a quarter |
| Sep 2017 | $453,174m a quarter | $582,201m a quarter |
| Dec 2017 | $473,437m a quarter | $603,701m a quarter |
| Mar 2018 | $447,766m a quarter | $565,896m a quarter |
| Jun 2018 | $474,551m a quarter | $599,780m a quarter |
| Sep 2018 | $477,892m a quarter | $597,624m a quarter |
| Dec 2018 | $502,727m a quarter | $618,991m a quarter |
| Mar 2019 | $473,135m a quarter | $578,292m a quarter |
| Jun 2019 | $501,431m a quarter | $608,264m a quarter |
| Sep 2019 | $504,556m a quarter | $608,615m a quarter |
| Dec 2019 | $523,889m a quarter | $633,631m a quarter |
| Mar 2020 | $488,822m a quarter | $586,887m a quarter |
| Jun 2020 | $471,739m a quarter | $570,829m a quarter |
| Sep 2020 | $488,801m a quarter | $587,893m a quarter |
| Dec 2020 | $532,595m a quarter | $632,120m a quarter |
| Mar 2021 | $513,885m a quarter | $598,244m a quarter |
| Jun 2021 | $555,742m a quarter | $629,871m a quarter |
| Sep 2021 | $547,559m a quarter | $614,467m a quarter |
| Dec 2021 | $591,124m a quarter | $663,255m a quarter |
| Mar 2022 | $573,528m a quarter | $619,851m a quarter |
| Jun 2022 | $624,691m a quarter | $654,676m a quarter |
| Sep 2022 | $628,634m a quarter | $653,121m a quarter |
| Dec 2022 | $664,987m a quarter | $683,586m a quarter |
| Mar 2023 | $630,851m a quarter | $638,381m a quarter |
| Jun 2023 | $652,542m a quarter | $668,628m a quarter |
| Sep 2023 | $655,408m a quarter | $667,476m a quarter |
| Dec 2023 | $692,394m a quarter | $690,552m a quarter |
| Mar 2024 | $653,101m a quarter | $646,406m a quarter |
| Jun 2024 | $679,122m a quarter | $675,591m a quarter |
| Sep 2024 | $678,631m a quarter | $673,602m a quarter |
| Dec 2024 | $715,990m a quarter | $697,970m a quarter |
| Mar 2025 | $676,322m a quarter | $655,309m a quarter |
| Jun 2025 | $706,069m a quarter | $688,161m a quarter |
| Sep 2025 | $714,873m a quarter | $687,074m a quarter |
| Dec 2025 | $759,306m a quarter | $716,343m a quarter |
| Mar 2026 | $711,912m a quarter | $671,757m a quarter |
| Jun 2026 | $741,055m a quarter | $703,981m a quarter |
2. The expenditure side of the $2.93 trillion
is just over half of Australian at 52.0 per cent, though it was 57.4 per cent in 1999-00 and dipped below half in 2021-22. is 23.3 per cent, up from 21.8 per cent in 2019-20 — a base year that already contains the first two COVID-19 quarters. Total gross fixed capital formation is larger, at 24.8 per cent, split here into private, 19.3 per cent, and public, 5.5, which is the ABS's own sector split rather than a separate aggregate. and are close to equal, so net trade adds almost nothing. Current-price values are additive, so these components can be checked against published GDP.
What GDP is made of
Expenditure components as a share of GDP, current prices, 2025-26 financial year
- Household consumption
- Other series
% of GDP · Component
Australian Bureau of Statistics, Australian National Accounts: National Income, Expenditure and Product, June 2026 Australian National Accounts: National Income, Expenditure and Product
Show the numbers
| Component | Household consumption | Other components |
|---|---|---|
| Household consumption | 52.0 | — |
| Government consumption | — | 23.3 |
| Private investment | — | 19.3 |
| Public investment | — | 5.5 |
| Change in inventories | — | 0.10 |
| Exports | — | 23.3 |
| Imports (subtracted) | — | -23.5 |
| Statistical discrepancy (E) | — | -0.10 |
3. Fourteenth largest in the world
Converted to US dollars at market exchange rates, Australia sits between Mexico and Spain. Every value here is the same World Bank indicator on the same conversion, but the World Bank disseminates it rather than measuring it: the underlying figures come from national statistical agencies, OECD national accounts files and World Bank estimates, and they differ in reference period and revision vintage. Exchange-rate movements can change this ranking on their own, without any change in what a country produced. That is also why the Australian figure differs from the ABS number above: different conversion, different vintage, and a year basis that for Australia is 2023-24 rather than a calendar year.
The fifteen largest economies
GDP at current prices converted at market exchange rates, US$ trillion, World Bank reference year 2024 — 2023-24 for Australia
- Australia
- Other series
US$ trillion · Country
World Bank, World Development Indicators, 2024 World Development Indicators
Show the numbers
| Country | Australia | Other economies |
|---|---|---|
| United States | — | 29.3 |
| China | — | 18.7 |
| Germany | — | 4.7 |
| Japan | — | 4.2 |
| India | — | 3.8 |
| United Kingdom | — | 3.7 |
| France | — | 3.2 |
| Italy | — | 2.4 |
| Canada | — | 2.3 |
| Russian Federation | — | 2.2 |
| Brazil | — | 2.2 |
| Korea, Rep. | — | 1.9 |
| Mexico | — | 1.8 |
| Australia | 1.8 | — |
| Spain | — | 1.7 |
4. Twenty-sixth per person
Size and prosperity are different questions. On output per person, adjusted for what money bought in each country at 2021 relative prices, Australia ranks twenty-sixth in the world and fourth among these twelve advanced economies — ahead of Canada, France and the United Kingdom, behind Germany, the Netherlands and the United States. estimates support broad comparisons of level, not a precise ordering of economies sitting close together, and is output per person — not , and not a measure of wellbeing.
GDP per person, advanced economies
GDP per capita at purchasing power parity, constant 2021 international dollars, World Bank reference year 2024 — 2023-24 for Australia
- Australia
- Other series
International dollars · Country
World Bank, World Development Indicators, 2024 World Development Indicators
Show the numbers
| Country | Australia | Comparable economies |
|---|---|---|
| United States | — | 75,698 |
| Netherlands | — | 70,494 |
| Germany | — | 62,655 |
| Australia | 60,310 | — |
| Canada | — | 57,534 |
| Korea, Rep. | — | 55,071 |
| France | — | 54,799 |
| United Kingdom | — | 53,412 |
| Italy | — | 53,285 |
| Spain | — | 48,460 |
| New Zealand | — | 48,325 |
| Japan | — | 47,480 |
What to watch for
- The $2.93 trillion is the sum of four quarters of original current-price GDP for 2025-26, calculated by Aard — the ABS publishes no financial-year total in this dataflow. Current-price values are additive; the chain volume series is not, and is summed nowhere on this page except in its own reference year, where it is additive by construction. The June quarter 2026 is the most recent estimate in the June 2026 issue, and it is revised in later quarterly issues and at the annual benchmark, so the total will move.
- The expenditure shares are current-price shares of current-price GDP for the same financial year. They reconcile against published GDP to within $2 million in $2.93 trillion, which is rounding across the eight quarters and components; the rounded shares shown on the chart sum to 99.9 per cent for the same reason. The last bar, the ABS's statistical discrepancy (E), is the balancing item that closes the identity, not a category of spending.
- The World Bank reference year 2024 is not calendar 2024 for Australia: it is the 2023-24 financial year, verified over ten consecutive years and not inferred from the producer. The World Bank's own local-currency series for Australia in 2024 is $2,680,025 million, which is the ABS current-price figure for the year ended June 2024 to the dollar. Countries whose national accounts are on a calendar year sit at calendar 2024 in the same table, so the ranking spans bases up to half a year apart — that is the World Bank's harmonisation, not an error, but it is why these figures cannot be set against the ABS 2025-26 number above.
- The twelve countries in the per-person chart are a chosen comparison set of advanced economies, not a published grouping. Each rank is Aard's, computed over the countries that actually report the indicator for that year with the World Bank's own aggregates dropped: 200 countries for total GDP and 195 for GDP per person, out of 217 in the country list. Countries that report nothing are not ranked. The per-person indicator was checked on the same basis rather than assumed to inherit it: its numerator, the World Bank's constant-local-currency GDP, matches ABS chain volume financial years 10 out of 10 on the ending-year reading, and its denominator, the World Bank's population series, equals ABS estimated resident population at 30 June of the labelled year exactly. Both halves are therefore the year ended June 2024.
References
Data extracted . Reviewed 2026-09-17 by Aard Data Team. Each numbered entry is the publication that documents the figures; the calls beneath it are the ones the retrieval actually made, and each figure is numbered under its publication — 1.1, 1.2 — and links to the narrowest call that returns it.
- [1]Australian Bureau of Statistics, Australian National Accounts: National Income, Expenditure and Product, June 2026Released 2026-09-02Vintage: Quarterly. Chain volume measures are not additive except in the reference year; current price values are. Revised with each quarterly and annual release and at each historical revision.
- API Calls: · extracted 15 September 2026
ABS:ANA_EXP(1.0.0)https://data.api.abs.gov.au/rest/data/ABS,ANA_EXP,1.0.0/all?startPeriod=1990-Q1- 1.12,927,146 $ million, current pricesderived here · 2025-26 · Gross domestic product, current prices, original, financial year
C.GPM.SSS.10.AUS.Q· the four quarters of 2025-26 summed from C.GPM.SSS.10.AUS.Q; the ABS publishes this flow quarterly and monthly in this dataflow, not by financial year - 1.22,777,012 $ million, current pricesderived here · 2024-25 · Gross domestic product, current prices, original, financial year
C.GPM.SSS.10.AUS.Q· the four quarters of 2024-25 summed from C.GPM.SSS.10.AUS.Q; the ABS publishes this flow quarterly and monthly in this dataflow, not by financial year - 1.32,680,025 $ million, current pricesderived here · 2023-24 · Gross domestic product, current prices, original, financial year
C.GPM.SSS.10.AUS.Q· the four quarters of 2023-24 summed from C.GPM.SSS.10.AUS.Q; the ABS publishes this flow quarterly and monthly in this dataflow, not by financial year
Current prices, which are additive; the chain volume series is not and is never summed on this page. Financial-year totals are four-quarter sums calculated by Aard — the ABS publishes no financial-year total in this dataflow. Re-run verbatim on 2026-09-16 while migrating this page to evidence records; every value below reproduced exactly.
- 1.42,680,025 $ million, current pricesderived here · 2023-24 · Gross domestic product, current prices, original, financial year
C.GPM.SSS.10.AUS.Q· the four quarters of 2023-24 summed from C.GPM.SSS.10.AUS.Q; the ABS publishes this flow quarterly and monthly in this dataflow, not by financial year - 1.52,680,025 $ million, 2023-24 pricesderived here · 2023-24 · Gross domestic product, chain volume measures, original, financial year
VCH.GPM.SSS.10.AUS.Q· the four quarters of 2023-24 summed from VCH.GPM.SSS.10.AUS.Q; the ABS publishes this flow quarterly and monthly in this dataflow, not by financial year
The two lines on the first chart, from the one call. Their crossing is not a finding about the economy; it is the definition of the reference year. Re-run verbatim on 2026-09-16 while migrating this page to evidence records; every value below reproduced exactly.
- 1.652 % of GDPderived here · 2025-26 · Household final consumption expenditure, current prices, financial year
C.FCE.PHS.10.AUS.Q· the component's current-price level over the current-price GDP level in the same response (C.GPM.SSS.10.AUS.Q) - 1.723.3 % of GDPderived here · 2025-26 · General government final consumption expenditure, current prices, financial year
C.FCE.GGS.10.AUS.Q· the component's current-price level over the current-price GDP level in the same response (C.GPM.SSS.10.AUS.Q) - 1.821.8 % of GDPderived here · 2019-20 · General government final consumption expenditure, current prices, financial year
C.FCE.GGS.10.AUS.Q· the component's current-price level over the current-price GDP level in the same response (C.GPM.SSS.10.AUS.Q) - 1.924.8 % of GDPderived here · 2025-26 · Gross fixed capital formation, current prices, financial year
C.GFC.SSS.10.AUS.Q· the component's current-price level over the current-price GDP level in the same response (C.GPM.SSS.10.AUS.Q) - 1.1023.3 % of GDPderived here · 2025-26 · Exports of goods and services, current prices, financial year
C.XGS.SSS.10.AUS.Q· the component's current-price level over the current-price GDP level in the same response (C.GPM.SSS.10.AUS.Q) - 1.1123.5 % of GDPderived here · 2025-26 · Imports of goods and services, current prices, financial year
C.MGS.SSS.10.AUS.Q· the component's current-price level over the current-price GDP level in the same response (C.GPM.SSS.10.AUS.Q) - 1.120.1 % of GDPderived here · 2025-26 · Changes in inventories, current prices, financial year
C.IST.SSS.10.AUS.Q· the component's current-price level over the current-price GDP level in the same response (C.GPM.SSS.10.AUS.Q) - 1.13-0.1 % of GDPderived here · 2025-26 · Statistical discrepancy (E), current prices, financial year
C.SDE.SSS.10.AUS.Q· the component's current-price level over the current-price GDP level in the same response (C.GPM.SSS.10.AUS.Q) - 1.14-2 $ million, residualderived here · 2025-26 · Reconciliation of the expenditure components against published GDP
components minus C.GPM.SSS.10.AUS.Q· the residual: the expenditure components in this response subtracted from GDP
Every component and GDP itself out of the one call, all current prices — which is what lets them be summed and checked against the published total at all. Shares calculated by Aard from four-quarter sums. Re-run verbatim on 2026-09-16 while migrating this page to evidence records; every value below reproduced exactly.
- 1.2319.3 % of GDPderived here · 2025-26 · Gross fixed capital formation, Private, current prices, original, financial year
C.GFC.PSS.10.AUS.Q ÷ C.GPM.SSS.10.AUS.Q· C.GFC.PSS.10.AUS.Q over C.GPM.SSS.10.AUS.Q, both series in this response - 1.245.5 % of GDPderived here · 2025-26 · Gross fixed capital formation, Public, current prices, original, financial year
C.GFC.GSS.10.AUS.Q ÷ C.GPM.SSS.10.AUS.Q· C.GFC.GSS.10.AUS.Q over C.GPM.SSS.10.AUS.Q, both series in this response - 1.2524.8 % of GDPderived here · 2025-26 · Gross fixed capital formation, All sectors, current prices, original, financial year
C.GFC.SSS.10.AUS.Q ÷ C.GPM.SSS.10.AUS.Q· C.GFC.SSS.10.AUS.Q over C.GPM.SSS.10.AUS.Q, both series in this response
The private and public split of gross fixed capital formation, added after the 2026-09-16 audit found the expenditure chart plotting 19.3 and 5.5 per cent of GDP with no record holding either. The companion record abs-ana-5206-2026-q2-gdp-expenditure-components carries only the all-sectors total, C.GFC.SSS.10.AUS.Q at 24.8 per cent, so the two bars a reader sees were the one bar the evidence held, split. Same dataflow, same call, same release. SECTOR is the ABS's own dimension and PSS and GSS are its published codes, labelled 'Private' and 'Public'; GSS is itself general government (GGS) plus public corporations (GES) and the three are not summed here. Current prices and original, because current prices are additive and chain volume measures are not. Financial-year totals are four-quarter sums and the shares are those totals over the same year's current-price GDP, both calculated by Aard — the ABS publishes no financial-year figure in this dataflow. Verified additive: 564445 + 162151 = 726596, the all-sectors total to the dollar. Re-fetched from the same dataflow and the same June 2026 release on 2026-09-16 and reproduced exactly.
- 1.12,927,146 $ million, current pricesderived here · 2025-26 · Gross domestic product, current prices, original, financial year
- API Calls: · extracted 15 September 2026
ABS:ANA_AGG(1.0.0)https://data.api.abs.gov.au/rest/data/ABS,ANA_AGG,1.0.0/all?startPeriod=1990-Q1- 1.26699,461 $ million per quarter, 2023-24 prices · 2026-Q2 · Gross domestic product, chain volume measures, seasonally adjusted, Australia, quarterly
M1.GPM.20.AUS.Q - 1.27684,822 $ million per quarter, 2023-24 prices · 2025-Q2 · Gross domestic product, chain volume measures, seasonally adjusted, Australia, quarterly
M1.GPM.20.AUS.Q
Total output, the same call and the same release as the per-person series beside it, so the two are on one basis. The population chart sets this against estimated resident population, which is a second dataflow and a second record. Re-run verbatim on 2026-09-16 while migrating this page to evidence records; every value below reproduced exactly.
- 1.26699,461 $ million per quarter, 2023-24 prices · 2026-Q2 · Gross domestic product, chain volume measures, seasonally adjusted, Australia, quarterly
Source: Australian Bureau of Statistics, Australian National Accounts: National Income, Expenditure and Product, June 2026. Licensed under CC BY 4.0. - [2]World Bank, World Development Indicators, 2024Released 2026-07-13Vintage: Indicators NY.GDP.MKTP.CD (GDP, current US$) and NY.GDP.PCAP.PP.KD (GDP per capita, PPP, constant 2021 international $). One indicator and one conversion for every country, which is why the Australian figure differs from the ABS national accounts figure — but the World Bank disseminates rather than measures, and the underlying national figures come from country agencies, OECD files and World Bank estimates. releasePeriod is the World Bank's own reference-year label, 2024; what that label MEANS for Australia is carried by yearBasis rather than written into the period, which is what that field is for. The reference year is not a calendar year for every reporter: the World Bank's local-currency series for Australia in 2024 is $2,680,025 million, which is the ABS current-price figure for the year ended June 2024, so Australia's 2024 is the 2023-24 financial year. Note this is the opposite convention from the OECD annual national accounts, which label an Australian financial year by its starting year. Database last updated 13 July 2026.
- API Calls: · extracted 15 September 2026
WORLDBANK:NY.GDP.MKTP.CD (World Bank Indicators API v2, which is not SDMX — the indicator code is the flow)https://api.worldbank.org/v2/country/all/indicator/NY.GDP.MKTP.CD?format=json&date=2024&per_page=400- 2.11,757,022,451,652.83 current US$ · 2024 · GDP (current US$), Australia, World Bank reference year 2024
AUS.NY.GDP.MKTP.CD - 2.21,830,489,311,088.89 current US$ · 2024 · GDP (current US$), Mexico
MEX.NY.GDP.MKTP.CD - 2.31,725,671,652,742.19 current US$ · 2024 · GDP (current US$), Spain
ESP.NY.GDP.MKTP.CD
One call returns every reporter, and the rank is Aard's, computed over it after dropping the World Bank's own aggregates using the country list in worldbank-wdi-2026-07-country-list. The World Bank publishes no rank. The database was last updated 2026-07-13, which is this source's release date. Australia's reference year 2024 is its 2023-24 financial year — see worldbank-wdi-2026-07-gdp-local-currency-aus. Re-run verbatim on 2026-09-16 while migrating this page to evidence records; every value below reproduced exactly.
- 2.11,757,022,451,652.83 current US$ · 2024 · GDP (current US$), Australia, World Bank reference year 2024
- API Calls: · extracted 15 September 2026
WORLDBANK:NY.GDP.PCAP.PP.KD (World Bank Indicators API v2, which is not SDMX — the indicator code is the flow)https://api.worldbank.org/v2/country/all/indicator/NY.GDP.PCAP.PP.KD?format=json&date=2024&per_page=400- 2.460,309.583 constant 2021 international $ · 2024 · GDP per capita, PPP (constant 2021 international $), Australia, reference year 2024
AUS.NY.GDP.PCAP.PP.KD
Output per person adjusted for what money buys in each country. Australia's place among the twelve advanced economies on the chart — fourth, ahead of Canada, France and the United Kingdom, behind Germany, the Netherlands and the United States — is read off this same response; the twelve are a chosen comparison set, not a published grouping. Both halves of this indicator were checked against the ABS rather than assumed to inherit the total-GDP year basis: see worldbank-wdi-2026-07-gdp-constant-local-currency-aus and worldbank-wdi-2026-07-population-aus. Re-run verbatim on 2026-09-16 while migrating this page to evidence records; every value below reproduced exactly.
- 2.460,309.583 constant 2021 international $ · 2024 · GDP per capita, PPP (constant 2021 international $), Australia, reference year 2024
- API Calls: · extracted 15 September 2026
WORLDBANK:NY.GDP.MKTP.CN (World Bank Indicators API v2, which is not SDMX — the indicator code is the flow)https://api.worldbank.org/v2/country/AUS/indicator/NY.GDP.MKTP.CN?format=json&date=2015:2024&per_page=50- 2.52,680,025,000,000 current A$ · 2024 · GDP (current LCU), Australia, World Bank reference year 2024
AUS.NY.GDP.MKTP.CN - 2.61,630,787,000,000 current A$ · 2015 · GDP (current LCU), Australia, World Bank reference year 2015
AUS.NY.GDP.MKTP.CN
The year-basis test, and it had to be run on the local-currency series: NY.GDP.MKTP.CD, the converted US$ figure, is about 0.65 per cent off either reading and will confirm whichever you started with. The finding is specific to this flow — it is not a World Bank-wide rule, and the OECD's national accounts label an Australian financial year by its STARTING year. Re-run verbatim on 2026-09-16 while migrating this page to evidence records; every value below reproduced exactly.
- 2.52,680,025,000,000 current A$ · 2024 · GDP (current LCU), Australia, World Bank reference year 2024
- API Calls: · extracted 15 September 2026
WORLDBANK:country (World Bank Indicators API v2, which is not SDMX — the indicator code is the flow)https://api.worldbank.org/v2/country?format=json&per_page=400- 2.7217 countriesderived here · 2026-07 · World Bank country list, entries with a region
/v2/country where region != NA· counted from the country list this call returns (region != NA) - 2.878 aggregatesderived here · 2026-07 · World Bank country list, entries with no region
/v2/country where region == NA· counted from the country list this call returns (region == NA)
The World Bank's indicator responses mix countries and aggregates — World, Euro area, High income — and a rank computed without dropping them is wrong by a dozen places. This call is how they are dropped, and it is why the caveat can say 'aggregates excluded'. TIME_PERIOD is the extraction month; the call carries no reference period. Re-run verbatim on 2026-09-16 while migrating this page to evidence records; every value below reproduced exactly.
- 2.7217 countriesderived here · 2026-07 · World Bank country list, entries with a region
- API Calls: · extracted 15 September 2026
WORLDBANK:NY.GDP.MKTP.KN (World Bank Indicators API v2, which is not SDMX — the indicator code is the flow)https://api.worldbank.org/v2/country/AUS/indicator/NY.GDP.MKTP.KN?format=json&date=2015:2024&per_page=50- 2.92,680,025,000,000 constant A$ · 2024 · GDP (constant LCU), Australia, World Bank reference year 2024
AUS.NY.GDP.MKTP.KN
Checked separately from the current-price series rather than assumed to inherit its basis, because a year basis is a property of a flow and not of a producer. Re-run verbatim on 2026-09-16 while migrating this page to evidence records; every value below reproduced exactly.
- 2.92,680,025,000,000 constant A$ · 2024 · GDP (constant LCU), Australia, World Bank reference year 2024
- API Calls: · extracted 15 September 2026
WORLDBANK:SP.POP.TOTL (World Bank Indicators API v2, which is not SDMX — the indicator code is the flow)https://api.worldbank.org/v2/country/AUS/indicator/SP.POP.TOTL?format=json&date=2015:2024&per_page=50- 2.1027,194,286 persons · 2024 · Population, total, Australia, World Bank reference year 2024
AUS.SP.POP.TOTL
The denominator of the per-person indicator, checked against the ABS to the person for 2022, 2023 and 2024. Re-run verbatim on 2026-09-16 while migrating this page to evidence records; every value below reproduced exactly.
- 2.1027,194,286 persons · 2024 · Population, total, Australia, World Bank reference year 2024
Source: World Bank, World Development Indicators, reference year 2024. Licensed under CC BY 4.0. The World Bank disseminates these indicators; it does not measure every country. The underlying data come from national statistical agencies and central banks, OECD national accounts files and World Bank estimates, and for NY.GDP.PCAP.PP.KD additionally from the International Comparison Program and the Eurostat-OECD PPP programme. World ranks and comparison sets shown on Aard pages are calculated by Aard from this indicator; the World Bank did not publish them and is not responsible for them.