Australia - GDP per capita (current US$) 1960 - 2022
Australia's gdp per capita (current us$) is currently $64,491.43 USD (United States dollar) according to the most recent World Bank data for the country (2022).
Definition
GDP per capita is determined by dividing the gross domestic product by the population at midyear. GDP represents the total value generated by resident producers within the economy, inclusive of product taxes and excluding subsidies not factored into product value. This calculation does not consider deductions for asset depreciation, depletion, or degradation of natural resources. The data is presented in current U.S. dollars.- Australia's gdp per capita (current us$) for 2022 was $64,491.43, a 6.70% increase from 2021, with a +$4,046 difference.
- In 2021 it was $60,444.50, a 16.86% increase from 2020, with a +$8,722 difference.
- In 2020 it was $51,722.07, a -5.86% increase from 2019.
- In 2019 it was $54,941.07, a -3.96% increase from 2018.
- In 2018 it was $57,206.99, a 6.07% increase from 2017.
Measure: Estimated Value
Average, Lowest, and Highest Recorded Values
The average gdp per capita (current us$), value for Australia is currently $23,702.95 (average of years with recorded data) with a lowest recorded value of $1,810.60 in 1960 and a highest value of $68,156.39 in 2013.For comparison, the world wide [World Bank] aggregate for 1960 was $456.83 and in 2013 it was $10,738.32. Essentially, in 1960, Australia contributed 396.34% to the world wide aggregate. While in 2013 it contributed 634.70% to the aggregate, recording a 60.14% increase in amounts contributed within the 53-year period. Nonetheless, the country recorded a 3,664.30% increase in gdp per capita (current us$) within the same period.
Similarly, from 1960 (when the lowest value was recorded) to 2022, Australia recorded a 3,461.89% increase in gdp per capita (current us$). The world aggregate recorded a 2,668.55% growth in the same period.
Australia's GDP per capita (current US$) - Historical Data
| Year | GDP per capita (current US$) | Average Growth Rate (%) |
|---|---|---|
| 1960 | $1,810.60 | |
| 1961 | $1,877.60 | 3.70% |
| 1962 | $1,854.64 | -1.22% |
| 1963 | $1,967.11 | 6.06% |
| 1964 | $2,131.38 | 8.35% |
| 1965 | $2,281.01 | 7.02% |
| 1966 | $2,343.82 | 2.75% |
| 1967 | $2,580.11 | 10.08% |
| 1968 | $2,724.13 | 5.58% |
| 1969 | $2,991.39 | 9.81% |
| 1970 | $3,304.84 | 10.48% |
| 1971 | $3,495.14 | 5.76% |
| 1972 | $3,949.46 | 13.00% |
| 1973 | $4,770.71 | 20.79% |
| 1974 | $6,482.83 | 35.89% |
| 1975 | $7,003.84 | 8.04% |
| 1976 | $7,486.68 | 6.89% |
| 1977 | $7,775.58 | 3.86% |
| 1978 | $8,252.65 | 6.14% |
| 1979 | $9,294.36 | 12.62% |
| 1980 | $10,208.58 | 9.84% |
| 1981 | $11,853.44 | 16.11% |
| 1982 | $12,778.86 | 7.81% |
| 1983 | $11,515.50 | -9.89% |
| 1984 | $12,421.36 | 7.87% |
| 1985 | $11,441.05 | -7.89% |
| 1986 | $11,391.44 | -0.43% |
| 1987 | $11,650.84 | 2.28% |
| 1988 | $14,284.43 | 22.60% |
| 1989 | $17,834.45 | 24.85% |
| 1990 | $18,249.53 | 2.33% |
| 1991 | $18,860.27 | 3.35% |
| 1992 | $18,624.59 | -1.25% |
| 1993 | $17,700.12 | -4.96% |
| 1994 | $18,129.79 | 2.43% |
| 1995 | $20,446.72 | 12.78% |
| 1996 | $22,020.08 | 7.69% |
| 1997 | $23,645.06 | 7.38% |
| 1998 | $21,478.39 | -9.16% |
| 1999 | $20,698.71 | -3.63% |
| 2000 | $21,853.45 | 5.58% |
| 2001 | $19,681.65 | -9.94% |
| 2002 | $20,290.78 | 3.09% |
| 2003 | $23,705.91 | 16.83% |
| 2004 | $30,819.99 | 30.01% |
| 2005 | $34,460.54 | 11.81% |
| 2006 | $36,570.76 | 6.12% |
| 2007 | $41,023.75 | 12.18% |
| 2008 | $49,681.22 | 21.10% |
| 2009 | $42,810.47 | -13.83% |
| 2010 | $52,132.47 | 21.78% |
| 2011 | $62,598.69 | 20.08% |
| 2012 | $68,047.38 | 8.70% |
| 2013 | $68,156.39 | 0.16% |
| 2014 | $62,515.31 | -8.28% |
| 2015 | $56,708.96 | -9.29% |
| 2016 | $49,876.71 | -12.05% |
| 2017 | $53,934.15 | 8.13% |
| 2018 | $57,206.99 | 6.07% |
| 2019 | $54,941.07 | -3.96% |
| 2020 | $51,722.07 | -5.86% |
| 2021 | $60,444.50 | 16.86% |
| 2022 | $64,491.43 | 6.70% |
Expand
Comparison with Countries in the East Asia & Pacific Region.
Among countries in the same World Bank East Asia & Pacific (EAP) region, Australia comes in 2nd with $64,491.40 gdp per capita (current us$).
- Within the same region, Singapore comes in 1st with $82,807.60, gdp per capita (current us$).
- Hong Kong SAR, China comes in 3rd with $48,983.60.
- New Zealand comes in 4th with $48,249.30.
- Brunei Darussalam comes in 5th with $37,152.50.
- New Caledonia comes in 6th with $36,668.40.
- Guam comes in 7th with $35,904.90.
- Japan comes in 8th with $33,815.30.
- Korea, Rep. comes in 9th with $32,254.60.
- Macao SAR, China comes in 10th with $31,617.50.
- French Polynesia comes in 11th with $19,999.10.
- And Northern Mariana Islands comes in 12th with $17,302.90, gdp per capita (current us$).
GDP per capita (current US$), Top 10 Countries in the East Asia & Pacific Region.
Top 10 Countries in the East Asia & Pacific Region.
| # | Country | GDP per capita (current US$) | Year |
|---|---|---|---|
| 1 | Singapore | $82,807.60 | 2022 |
| 2 | Australia | $64,491.40 | 2022 |
| 3 | Hong Kong SAR, China | $48,983.60 | 2022 |
| 4 | New Zealand | $48,249.30 | 2022 |
| 5 | Brunei Darussalam | $37,152.50 | 2022 |
| 6 | New Caledonia | $36,668.40 | 2021 |
| 7 | Guam | $35,904.90 | 2021 |
| 8 | Japan | $33,815.30 | 2022 |
| 9 | Korea, Rep. | $32,254.60 | 2022 |
| 10 | Macao SAR, China | $31,617.50 | 2022 |
Comparison with Countries in the High income Group.
Among countries in the same World Bank High income (HI) group, Australia comes in 16th with $64,491.40 gdp per capita (current us$).
- Within the same income group, Ireland comes in 6th with $104,039.00, gdp per capita (current us$).
- Switzerland comes in 7th with $92,101.50.
- Cayman Islands comes in 8th with $88,475.60.
- Qatar comes in 9th with $88,046.30.
- Singapore comes in 10th with $82,807.60.
- Isle of Man comes in 11th with $79,530.60.
- United States comes in 12th with $76,398.60.
- Iceland comes in 13th with $72,903.00.
- Faroe Islands comes in 14th with $69,010.20.
- Denmark comes in 15th with $66,983.10.
- Greenland comes in 17th with $57,116.40.
- Netherlands comes in 18th with $55,985.40.
- Sweden comes in 19th with $55,873.20.
- San Marino comes in 20th with $54,982.50.
- Canada comes in 21st with $54,966.50.
- Israel comes in 22nd with $54,659.80.
- United Arab Emirates comes in 23rd with $53,757.90.
- Austria comes in 24th with $52,131.40.
- Finland comes in 25th with $50,536.60.
- And Belgium comes in 26th with $49,582.80, gdp per capita (current us$).
GDP per capita (current US$), Top 14 Countries in the High income Group.
Top 14 Countries in the High income Group.
| # | Country | GDP per capita (current US$) | Year |
|---|---|---|---|
| 1 | Monaco | $234,317.00 | 2021 |
| 2 | Liechtenstein | $184,083.00 | 2021 |
| 3 | Luxembourg | $126,426.00 | 2022 |
| 4 | Bermuda | $118,846.00 | 2022 |
| 5 | Norway | $106,149.00 | 2022 |
| 6 | Ireland | $104,039.00 | 2022 |
| 7 | Switzerland | $92,101.50 | 2022 |
| 8 | Cayman Islands | $88,475.60 | 2021 |
| 9 | Qatar | $88,046.30 | 2022 |
| 10 | Singapore | $82,807.60 | 2022 |
| 11 | Isle of Man | $79,530.60 | 2020 |
| 12 | United States | $76,398.60 | 2022 |
| 13 | Iceland | $72,903.00 | 2022 |
| 14 | Faroe Islands | $69,010.20 | 2021 |