Australia
- Capital
- Canberra
- Region
- East Asia & Pacific
- Income group
- High income
- Population
- 27.6 million (2025)
At a glance
- Prices in Australia rose 2.9% in 2025, close to the middle of the range worldwide.
- Australia's economy grew 1.4% in 2025, slower than most economies.
- Output per person in Australia was US$65,130 in 2025, higher than in most countries.
- 4.1% of Australia's labour force had no job in 2025, a lower share than in most countries.
- Australia's central government owed 57.9% of GDP in 2022, close to the middle of the range worldwide.
- Australia had 27.6 million people in 2025: about 0.3% of everyone on Earth, the 55th largest population of 217 countries and territories.
- Australia had a current account deficit of 2.8% of GDP in 2025, lower than in most countries.
Inflation
2025Consumer prices, change over the year (yearly average)
Since 2000
Show the numbers
| Year | Australia | World median |
|---|---|---|
| 2025 | 2.9% | 3.0% |
| 2024 | 3.2% | 3.0% |
| 2023 | 5.6% | 5.7% |
| 2022 | 6.6% | 8.0% |
| 2021 | 2.9% | 3.5% |
| 2020 | 0.9% | 1.9% |
| 2019 | 1.6% | 2.2% |
| 2018 | 1.9% | 2.5% |
| 2017 | 2.0% | 2.3% |
| 2016 | 1.3% | 1.6% |
Economic growth
2025Real GDP, change over the year
Since 2000
Show the numbers
| Year | Australia | World median |
|---|---|---|
| 2025 | 1.4% | 3.4% |
| 2024 | 1.4% | 3.4% |
| 2023 | 3.6% | 3.2% |
| 2022 | 4.3% | 4.3% |
| 2021 | 2.0% | 5.1% |
| 2020 | −0.1% | −3.8% |
| 2019 | 2.2% | 2.8% |
| 2018 | 2.9% | 3.2% |
| 2017 | 2.3% | 3.3% |
| 2016 | 2.8% | 3.1% |
GDP per person
2025GDP divided by population, in US dollars at current prices
Since 2000
Show the numbers
| Year | Australia | World median |
|---|---|---|
| 2025 | US$65,130 | US$7,882 |
| 2024 | US$64,610 | US$7,853 |
| 2023 | US$65,058 | US$7,862 |
| 2022 | US$65,170 | US$7,656 |
| 2021 | US$60,759 | US$7,269 |
| 2020 | US$51,983 | US$6,433 |
| 2019 | US$55,195 | US$7,037 |
| 2018 | US$57,410 | US$6,978 |
| 2017 | US$54,118 | US$6,548 |
| 2016 | US$50,084 | US$5,982 |
Unemployment
2025Share of the labour force without a job (ILO modelled estimate)
Since 2000
Show the numbers
| Year | Australia | World median |
|---|---|---|
| 2025 | 4.1% | 5.1% |
| 2024 | 3.9% | 5.1% |
| 2023 | 3.7% | 5.2% |
| 2022 | 3.7% | 5.3% |
| 2021 | 5.0% | 6.0% |
| 2020 | 6.4% | 6.4% |
| 2019 | 5.1% | 5.4% |
| 2018 | 5.4% | 5.4% |
| 2017 | 5.6% | 5.6% |
| 2016 | 5.7% | 5.9% |
Government debt
2022Central government debt, % of GDP
Since 2000
Show the numbers
| Year | Australia | World median |
|---|---|---|
| 2022 | 57.9% | 55.6% |
| 2021 | 69.8% | 58.8% |
| 2020 | 69.1% | 64.3% |
| 2019 | 60.0% | 49.2% |
| 2018 | 54.3% | 47.3% |
| 2017 | 53.1% | 51.2% |
| 2016 | 54.5% | 50.2% |
| 2015 | 46.3% | 49.4% |
| 2014 | 41.5% | 46.8% |
| 2013 | 37.4% | 45.6% |
Population
2025Everyone living in the country, mid-year
Since 2000
Show the numbers
| Year | Australia |
|---|---|
| 2025 | 27.6 million |
| 2024 | 27.2 million |
| 2023 | 26.7 million |
| 2022 | 26.0 million |
| 2021 | 25.7 million |
| 2020 | 25.6 million |
| 2019 | 25.3 million |
| 2018 | 25.0 million |
| 2017 | 24.6 million |
| 2016 | 24.2 million |
Current account balance, % of GDP
Since 2000
Show the numbers
| Year | Australia | World median |
|---|---|---|
| 2025 | −2.8% | −0.8% |
| 2024 | −2.3% | −1.3% |
| 2023 | −0.4% | −1.2% |
| 2022 | 0.3% | −3.0% |
| 2021 | 2.5% | −2.4% |
| 2020 | 1.6% | −1.7% |
| 2019 | −0.1% | −2.1% |
| 2018 | −2.6% | −2.9% |
| 2017 | −3.0% | −2.1% |
| 2016 | −3.6% | −2.8% |
About these figures
All numbers are yearly. The world median is the middle value of all countries with a figure for the same year: half of them are above it and half below. Sparklines show Australia since 2000 or since its first figure.
Source: World Bank, World Development Indicators (CC BY 4.0), updated 2026-10-08. Original sources: Inflation: International Monetary Fund, International Financial Statistics; Economic growth: national statistical offices and central banks, OECD national accounts, and World Bank staff estimates; GDP per person: national statistical offices and central banks, OECD national accounts, and World Bank staff estimates; Unemployment: International Labour Organization, ILO modelled estimates (ILOSTAT); Government debt: International Monetary Fund, Government Finance Statistics; Population: United Nations Population Division (World Population Prospects) and national statistical offices; Current account balance: International Monetary Fund, Balance of Payments Statistics, with World Bank and OECD data. Yearly figures; recent years are often revised. All sources and terms.