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Australia Economic Statistics (2026)

1980

2026

2031

1980

2026

2031

What to know

Australia produces $74,755 per person (PPP) in 2026, among the wealthiest nations. The economy is worth about $2.1 trillion in total. Over the preceding five years it has grown at about 2.8% a year. Inflation is 4.0% and unemployment 4.2%. Government debt is 51% of GDP. Its current account is in deficit, at 2.3% of GDP.

Key statistics for 2026

GDP per capita (PPP)

$74,755

GDP growth

+2.0%

Inflation rate

4.0%

Unemployment

4.2%

Key terms

GDP: — Gross Domestic Product—the total value of goods and services produced in a country annually.
GDP PPP: — GDP adjusted for purchasing power parity—what money actually buys in each country.
GDP per capita: — GDP divided by population—a measure of average economic output per person.
Inflation rate: — Annual percentage increase in the general price level of goods and services.
Fiscal balance: — Government revenue minus expenditure. Surplus if positive, deficit if negative.
Current account: — Net flow of goods, services, and transfers with the rest of the world.

Output & Growth

Total GDP is $2.1 trillion, with steady growth of 2.0% in 2026.

Living Standards

GDP per capita is $74,755 in purchasing power terms ($75,648 nominal).

Prices & Employment

The economy is experiencing moderate inflation at 4.0% and moderate unemployment at 4.2%.

Government Finances

Government debt is moderate at 51% of GDP. The government spends more than it collects (revenue: 36.6%, expenditure: 39.1% of GDP).

External & Fiscal Balance

The country is running a fiscal deficit of 2.4% and a current account deficit of 2.3% of GDP.

The bottom line

Australia is one of the world's wealthiest economies, with GDP per capita (PPP) of $75k.

What to know

Australia produces $74,755 per person (PPP) in 2026, among the wealthiest nations. The economy is worth about $2.1 trillion in total. Over the preceding five years it has grown at about 2.8% a year. Inflation is 4.0% and unemployment 4.2%. Government debt is 51% of GDP. Its current account is in deficit, at 2.3% of GDP.

Key statistics for 2026

GDP per capita (PPP)

$74,755

GDP growth

+2.0%

Inflation rate

4.0%

Unemployment

4.2%

Key terms

GDP: — Gross Domestic Product—the total value of goods and services produced in a country annually.
GDP PPP: — GDP adjusted for purchasing power parity—what money actually buys in each country.
GDP per capita: — GDP divided by population—a measure of average economic output per person.
Inflation rate: — Annual percentage increase in the general price level of goods and services.
Fiscal balance: — Government revenue minus expenditure. Surplus if positive, deficit if negative.
Current account: — Net flow of goods, services, and transfers with the rest of the world.

Output & Growth

Total GDP is $2.1 trillion, with steady growth of 2.0% in 2026.

Living Standards

GDP per capita is $74,755 in purchasing power terms ($75,648 nominal).

Prices & Employment

The economy is experiencing moderate inflation at 4.0% and moderate unemployment at 4.2%.

Government Finances

Government debt is moderate at 51% of GDP. The government spends more than it collects (revenue: 36.6%, expenditure: 39.1% of GDP).

External & Fiscal Balance

The country is running a fiscal deficit of 2.4% and a current account deficit of 2.3% of GDP.

The bottom line

Australia is one of the world's wealthiest economies, with GDP per capita (PPP) of $75k.

Indonesia

Papua New Guinea

New Zealand

Timor-Leste

Solomon Islands

What to know

Key statistics for 2026

Output & Growth

Living Standards

Prices & Employment

Government Finances

External & Fiscal Balance

The bottom line

Indonesia

Papua New Guinea

New Zealand

Timor-Leste

Solomon Islands

What to know

Key statistics for 2026

Output & Growth

Living Standards

Prices & Employment

Government Finances

External & Fiscal Balance

The bottom line