What is the GDP of Australia?

Australia's GDP is approximately $1757 billion USD. The GDP growth rate is 1.4%.

What is the population of Australia?

Australia has a population of approximately 27.2 million people. The population growth rate is 2%.

What is the inflation rate in Australia?

The inflation rate in Australia is 3.2%.

What is the unemployment rate in Australia?

The unemployment rate in Australia is 4.1%.

What is the GDP per capita of Australia?

Australia's GDP per capita is approximately $64,604 USD.

Is Australia a good country to invest in?

Australia has an investment score of 84/100, classified as "Safe" risk. Key sectors include Mining & Resources, Financial Services, Technology. Credit rating: AAA.

How open is Australia's economy to trade?

Australia's trade openness (trade as % of GDP) is 47%. Exports total approximately $432.6B and imports $395.7B.

What is Australia's government debt?

Australia's government debt is approximately 58% of GDP. The current account balance is -2.2% of GDP.

How much foreign investment does Australia attract?

Foreign direct investment (FDI) in Australia is 3% of GDP. There may be opportunities for early-mover investors.

What are the main economic sectors in Australia?

Australia's economy is composed of services (66% of GDP), industry (26% of GDP), and agriculture (2% of GDP).

Can I start a business in Australia as a foreigner?

Australia offers various options for foreign entrepreneurs. Visit our business setup guide for Australia for detailed information on entity types, registration steps, costs, tax rates, and foreign ownership rules.

Is Australia's economy growing?

Australia's GDP growth rate is 1.4%. The economy is growing at a moderate pace.

🇦🇺

Australia Economy Overview

Name: NationsData World Economic Dataset
Creator: NationsData
License: https://datacatalog.worldbank.org/public-licenses#cc-by

East Asia & PacificHigh IncomeCapital: CanberraAUS

Safe

AAA

Growing

1,757B USD

GDP (Nominal)

Growing at 1.4%

$64,604

GDP Per Capita

High income level

27.2M

Population

+2% annual growth

Stable

3.2%

Inflation

Moderate

47%of GDP

Trade Openness

Strong

3%of GDP

FDI Inflows

Healthy

58%of GDP

Public Debt

Low

4.1%

Unemployment

Surplus

+$36.9B

Trade Balance

Currency & Exchange Rate

Currency

A$ Australian Dollar

AUD

Exchange Rate (1 USD)

A$1.55

+1.3% YoY(weakened)

5-Year Change

+6.9%

From A$1.45

Regime & Controls

free floating

Capital controls: none

GDP

Billion USD, nominal

$1,757B

2024+22.6B

GDP Growth

Annual %

1.4%

2024-2.2%

Inflation

Consumer prices, annual %

3.2%

2024-2.4%

Population

Millions

27.2M

2024+0.5M

Economic Structure

Services66%

Industry26%

Agriculture2%

Infrastructure86/100

Internet Speed

95 Mbps

Mobile: 55 Mbps

Logistics Index

3.8 /5.0

World Bank LPI

Electricity

96%

Reliability score

Connectivity

good

92% internet access

Investment Score Breakdown

Economic Health (30%)85

Political Safety (25%)88

Business Climate (20%)86

Financial Strength (15%)82

Growth Potential (10%)75

Key Sectors

Mining & Resources

12% of GDP

growing

Financial Services

9% of GDP

stable

Technology

5% of GDP

growing

Agriculture

2% of GDP

stable

Should I Invest in Australia?

Strong BuySetup: EasyROI: Moderate

Australia scores 84/100 on the NationsData Investment Index, rated "Safe". Growth is subdued at 2%. Business setup takes approximately 18 days with a corporate tax rate of 25%.

Investment Score84/100

GDP Growth2%

Inflation3.5%

FDI/GDP2.8%

Public Debt52%

Political Stability1.0

Corporate Tax25%

Ease of Business#14

Strengths

+Exceptional political stability - low governance risk
+World-class business environment - fast registration, strong IP protection
+100% foreign ownership allowed - no local partner required
+Very low corruption - transparent business environment

Risks

Best For

Mining & Resources (growing, score: 92)Premium services and luxury brandsDigital businesses and SaaS

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