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General profile: Australia

GENERAL INFORMATION FOR 2023
Exchange rate
Population
Population
Exchange rates
GDP
GDP
26.451 Millions
..
1 787 281 Millions current US$
Land area¹
Land area
CPI growth (%)
CPI growth
GDP growth
GDP growth
(q) 7 692 020 km²
5.59 %
1.50 %
INTERNATIONAL MERCHANDISE TRADE
More data on UNCTADstat
-10.0 %
Merchandise exports growth rate in 2023
Total merchandise trade
(millions of US$)
2005
2010
2015
2023
Merchandise exports
106 097
212 634
187 684
371 278
Merchandise imports
125 281
201 639
208 501
287 406
Merchandise trade balance
-19 184
10 995
-20 817
83 872
Export structure by product group in 2023
(as % of total exports)
9 %9 %8 %8 %30 %30 %39 %39 %13 %13 %
Top 5 partners in 2023
(exports, millions of US$)
141 91956 22626 79916 93014 487141 91956 22626 79916 93014 487
INTERNATIONAL TRADE IN SERVICES
More data on UNCTADstat
Total trade in services²
(millions of US$)
2005
2010
2015
2023
Services exports
32 383
52 271
55 183
(e) 73 724
Services imports
33 333
57 569
64 004
(e) 83 786
Services trade balance
-950
-5 297
-8 821
(e) -10 062
Services exports by main category²
(as % of total services)
2005
2010
2015
2023
Transport
17.4
11.3
9.2
(e) 6.8
Travel
56.9
62.3
62.1
(e) 61.4
Other services
25.5
26.2
28.6
(e) 31.8
TRADE INDICES
More data on UNCTADstat
1801911751431471331241071001081091061141018292767117218116413113011911610010011111912313512111011810398
ECONOMIC TRENDS
More data on UNCTADstat
+1.5 %
Gross domestic product growth rate in 2023
Economic indicators
(millions of US$ unless otherwise specified)
2005
2010
2015
2023
GDP, current
763 349
1 301 324
1 246 299
1 787 281
GDP per capita, current US$
37 614
58 773
52 042
67 569
Real GDP growth, y-on-y, %
2.76
2.41
2.78
1.50
Current account balance, % of GDP
-5.68
-3.53
-4.59
0.26
Exchange rate (/US$)
1.309
1.090
1.331
..
GDP by expenditure in 2022
(as % of total GDP)
49.621.323.526.721.449.621.323.526.721.4
FDI AND EXTERNAL FINANCIAL RESOURCES
More data on UNCTADstat
+0.5 %
FDI outflows as % of GDP in 2023
Financial flows
(millions of US$ unless otherwise specified)
2005
2010
2015
2023
FDI inflows
-28 294.65
36 795.52
29 580.27
29 873.95
FDI outflows
-35 783.18
19 803.52
-9 337.46
9 822.01
Personal remittances, % of GDP
0.12
0.14
0.17
..
Financial flows trends
(millions of US$)
1 297.8936.41 196.61 762.61 867.92 001.92 056.82 174.72 329.72 442.52 405.32 449.31 864.51 334.61 526.01 341.91 014.8940.4824.7651.6465.7486.7518.329 87463 36623 85514 16238 53667 56946 11648 40229 58058 50756 76659 57458 93236 79631 89346 90641 48026 314-28 29539 6126 33914 2467 82514 191FDI Inwards flowsFDI Inwards flowsFDI Inwards flowsMigrant's remittances receiptsMigrant's remittances receiptsMigrant's remittances receipts
TRADE IN GOODS AND SERVICES
More data on UNCTADstat
Trade balance indicators²
(as % and index)
2005
2010
2015
2023
Balance, % of GDP
-1.97
0.47
-2.25
(e) 4.09
Balance, % of imports
-9.77
2.36
-10.35
(e) 19.61
Normalized balance
-0.051
0.012
-0.055
(e) 0.089
Trade openness²
(sum of imports and exports as % of GDP)
46473938464441394142414142404046404138
LIVING AREA
Population by living area in 2023
(% of population)
Urban 87%Urban 87%Rural 13%Rural 13%
OTHER INDICATORS
More data on UNCTADstat
0.114 %
Share of the total world merchant fleet in 2023
Maritime transport indicators
 
2005
2010
2015
2023
Merchant fleet, national flag (thousands of DWT)
2 376
2 171
1 938
2 593
Container port throughput (TEU)
..
6 451 689
7 731 627
..
Information economy indicators
(as % of)
2005
2010
2015
2023
Share of ICT goods, % of total exports
1.68
0.96
1.40
..
Share of ICT goods, % of total imports
11.41
10.37
9.99
..
Share of workforce involved in the ICT sector
4.64
..
..
..
Source: UN Trade and Development, UNCTADstat (https://unctadstat.unctad.org/datacentre)
Notes:
1
Land area refers to the total area of a country excluding area under inland water bodies. It differs from the country area, that includes area under inland water bodies, but excludes offshore territorial waters.
2
Statistics presented correspond to the 6th edition of the IMF Balance of Payments and International Investment Position Manual (BPM6, 2009).
e
Estimated.
q
Estimated. Data refers to 2020.
Symbols for missing values:
0
Zero means that the amount is nil or negligible
..
No value reported or collected
_
Not applicable
...
Not available, including no quotation
#
Non-relevant calculation
-
Not publishable
***
Negative accumulation of flows; Value included in regional and global totals
Abbreviations & acronyms:
DWT:
Dead weight tons
FDI:
Foreign direct investment
GDP:
Gross domestic product
ICT:
Information and communication technology
TEU:
Twenty foot equivalent unit
US$:
United States dollar
Disclaimer:
The designations employed and the presentation of the material on the UNCTAD Data Hub do not imply the expression of any opinion whatsoever on the part of the secretariat of the United Nations concerning the legal status of any country, territory, city or area, or of its authorities, or concerning the delimitation of its frontiers or boundaries.
Where the designations "economy" or "country or area" appear in texts or tables, they cover regions, countries, territories, cities or areas.

UNCTAD strives for the highest level of accuracy and is committed to promptly correcting any errors on its part. It does not guarantee or make any express or implied representations regarding the accuracy, reliability, correctness, fitness for use for a particular purpose, or otherwise, whatsoever, of any of the tables in the UNCTAD Data Hub.
Generation date: 11 October 2024