About Australia GDP
The gross domestic product (GDP) measures of national income and output for a given country's economy. The gross domestic product (GDP) is equal to the total expenditures for all final goods and services produced within the country in a stipulated period of time.
Related indicators
Frequently Asked Questions
One of the ways to count Australia GDP is to add up its consumer spending, business investment, government spending, and net exports.
Since GDP measures an economy's output, it is subject to inflationary pressure. So real GDP is a measure of an economy's output adjusted for inflation.
The highest figure Australia GDP has ever reached is 1.693 T USD.
The lowest ever value Australia GDP has reached is 18.61 B USD.