GDP in USD PPP terms reached 1,319 USD bil in 2018 in Australia, according to the National Statistical Office. This is 8.539999999999999 % 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.