GDP PPP (Current USD) rose 10.6% to USD 1,319 bil in Australia in 2018

GDP PPP (Current USD) (USD bil)
Economy | Australia | February 01, 2019
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GDP in USD PPP terms reached 1,319 USD bil in 2018 in Australia, according to the National Statistical Office. This is 10.6 % more than in the previous year.

Historically, GDP in USD PPP terms in Australia reached an all time high of 1,319 USD bil in 2018 and an all time low of 156 USD bil in 1980. When compared to Australia's main peers, GDP in USD PPP terms in Indonesia amounted to 3,496 USD bil, 1,000 USD bil in Malaysia, 199 USD bil in New Zealand and 30.6 USD bil in Papua New Guinea in 2018.

Australia has been ranked 22nd within the group of 174 countries we follow in terms of GDP in USD PPP terms, 3 places above the position seen 10 years ago.

GDP based on purchasing power parity is the gross domestic product converted to international dollars using purchasing power parity rates.

GDP PPP (Current USD) Unit 2015 2016 2017 2018 2019 2020 2021 2022 2023
Australia USD bil 1,192 1,319 1,384 1,448 1,514
Cambodia USD bil 64.0 70.3 76.6 83.2 90.0
Indonesia USD bil 3,243 3,496 3,753 4,023 4,314
Malaysia USD bil 931 1,000 1,068 1,141 1,218
New Zealand USD bil 197 199 210 220 231
Papua New Guinea USD bil 34.6 30.6 32.4 34.0 35.9
Philippines USD bil 875 956 1,041 1,131 1,230
Singapore USD bil 527 556 583 610 638
Thailand USD bil 1,234 1,323 1,404 1,483 1,564
Vietnam USD bil 647 708 770 835 906