Western Australia is the top region by GDP per capita in Australia. Australia - GDP per capita (U.S. Download historical data for 20 million indicators using your browser. Our website uses cookies to improve your online experience. GDP per capita growth (annual %) - Australia from The World Bank: Data Learn how the World Bank Group is helping countries with COVID-19 (coronavirus). 1960-2019 Data | 2020-2021 Forecast | Historical | Chart. I hope you find the information useful. PPP GDP is gross domestic product converted to international dollars using purchasing power parity rates. Western Australia is the top region by GDP per capita in Australia. COUNTRIES BY GDP PER CAPITA (in USD $; 2020) Luxembourg: 116,730; Switzerland: 86,670; Ireland: 80,260; Norway: 78,330; Qatar: 70,740 This video shows the Top 20 Asian countries with highest GDP per capita from 1960 to 2020. . Download xls [252.5 KB] GDP per Capita is in annual frequency, ending in June of each year. Australia gdp per capita for 2019 was $55,060, a 4% decline from 2018. Australia gdp per … This is the most recent list of Australian states and territories by gross state product (GSP) and GSP per capita. They were placed on your computer when you launched this website. GDP – Purchasing Power Parity (PPP): … Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices. Our tools allow individuals and organizations to discover, visualize, model, and present their data and the world’s data to facilitate better decisions and better outcomes. Direct access to our calendar releases and historical data. The index measures the amount of human capital that a child born today can expect to attain by age 18, given the risks of poor health and poor education that prevail in the country where she lives. Luxembourg will add $16320 in 2021, followed by Ireland ($10810), Macao SAR ($9438), Switzerland ($8490), and Norway ($8419). This page is a list of the countries of the world by gross domestic product (at purchasing power parity) per capita, i.e., the purchasing power parity (PPP) value of all final goods and services produced within a country in a given year, divided by the average (or mid-year) population for the same year. $-183), Venezuela (Int. Related information about Australia GDP Per Capita data. This underscores the importance of population growth, and the sometimes-controversial role of immigration in particular, in accounting for the resilience of Australia’s economy since the 1991 recession. All the data was taken from the Australian Bureau of Statistics website. Australia’s economy and population … As of 2020, GDP per capita in Western Australia was 119,861 $. You may have heard discussion of a "per capita recession" early last year, after output per person went backwards for two straight quarters in late 2018. GDP per capita fell 1.7%, the first decline in 11 years. World and regional statistics, national data, maps and rankings, Discover new signals and insights from leading alternative and fundamental data providers, Latest releases of new datasets and data updates from different sources around the world. The description is composed by our digital data assistant. Okay to continue GDP rose 3.1% in seasonally-adjusted quarter-on-quarter terms in Q4, benefiting from the easing of trading and travel restrictions in Victoria, as well as strong fiscal and monetary stimulus. Integrate your data with the world’s data in a personalized and collaborative environment, purpose-built to support your organizational objectives. In the long-term, the Australia GDP per capita is projected to trend around 56100.00 USD in 2021 and 57300.00 USD in 2022, according to our econometric models. The top 5 regions also includes Northern Territory, Australian Capital Territory, New South Wales, and Queensland. You can change your personal cookie settings through your internet browser settings. Dollars: $21.43 trillion 2019 PPP Adjusted … The top 5 regions also includes Northern Territory, Australian Capital Territory, New South Wales, and Queensland. Search and explore the world’s largest statistical database to find data. Our Insights blog presents deep data-driven analysis and visual content on important global issues from the expert data team at Knoema. GDP per capita of Australia increased from 3,300 US dollars in 1970 to 55,060 US dollars in 2019 growing at an average annual rate of 6.49%. Italy. Comparisons of national income are also frequently made on the basis of purchasing power parity (PPP), to adjust for differences in the cost of living in different countries. Find Out 2020 Australia % of gross national income: ODA grant equivalent % of gross national income 2018-2020 Australia (red), DAC Countries (black) ODA grant equivalent % of gross national income 2020 Australia (red), DAC Countries (black) Private flows Indicator: 1 620.2 Total Million US dollars 2019 Australia Million US dollars: Total Million US dollars 1999-2019 Dollars) Economic recovery continues in Q4 amid looser restrictions and fiscal and monetary support. An international dollar has the same purchasing power over GDP as the U.S. dollar has in the United States. GDP per Capita: $30,657. Australia - GDP per capita GDP per capita (current US$) The latest value for GDP per capita (current US$) in Australia was $57,374 as of 2018. Curated by Knoema’s data analysts to deliver leading short-term and long-term indicators and forecasts from trusted sources for each of the covered industries. The GDP per capita is obtained by dividing the country’s gross domestic product, adjusted by inflation, by the total population. And for some of these nations the value, from 1970 to 2019, has even gone down. List (2020) Rates in bold italic are IMF staff estimates. Australia Nominal GDP reached 370.723 USD bn in Dec 2020. - … Australia GDP to fall 5 per cent amid economic fallout due to coronavirus. In the latest reports, Australia GDP contracted 3.825 % YoY in Sep 2020. In 2020, GDP in Australia amounted to about 1.36 trillion US dollars. As of 2020, GDP per capita in Western Australia was 119,861 $. It is designed to highlight how improvements in current health and education outcomes shape the productivity of the next generation of workers, assuming that children born today experience over the next 18 years the … United States. This list is not to be confused with the list of countries by real GDP per capita growth, which is the growth rate of GDP per person recalculated according to the changing number of the population of the country. Australia GDP (Gross Domestic Product) was INT$1,248.15billion for 2020 in PPP terms. Also included are the GSP and population growth tables as well as a comparison table showing the surplus/deficit between state final demand (SFD) and GSP for the same financial year. 2019 Nominal GDP in Current U.S. Australia recorded relatively strong growth in annual GDP per capita between 1992 and 2017, but did not outperform other OECD countries to the same extent as overall GDP. See global GDP for a global comparison. Regional Western Australia had by far the highest GDP per capita ($269,900) which is driven by iron ore and other mineral production. Here you will find an updated list and a map with all the countries by GDP per capita according to the most recent data from the International Monetary Fund (2020). These 5 nations have a GDP per capita per year from $500 and below. Activate Professional to get unlimited access to more than 4b time series and visualizations. GDP per capita - Forecast 2020-2022 | Australia World Europe The Trading Economics Application Programming Interface (API) provides direct access to our data. Australian economy contracts 0.3% Australian Gross Domestic Product (GDP) fell 0.3% in 2019-20, this is a 0.1 percentage point downward revision from the annualised growth published in the June quarter 2020 national accounts. Its GDP deflator (implicit price deflator) increased 1.773 % in Dec 2020. GDP per capita > PPP > Constant 2000 international $: GDP per capita based on purchasing power parity (PPP). 2. COVID-19 Pandemic Hits New Infections Record Amid Slow Vaccination Progress in Developing World, A Decade of Change: How Renewables Became Competitive with Fossil Fuels. GDP – Nominal: $1.85 trillion. Over the past 58 years, the value for this indicator has fluctuated between $68,150 in 2013 and $1,808 in 1960. GDP per capita is often considered an indicator of a country's standard of living; however, this is problematic because GDP per capita is not a measure of personal income. Knoema, an Eldridge business, is the most comprehensive source of global decision-making data in the world. $-406), Timor-Leste (Int. India’s economy is the fifth-largest in the world with a GDP of $2.94 trillion, overtaking the UK … Regarding the major capital cities, Sydney’s GDP per capita of $84,700 was the highest, followed by Perth ($72,800), Melbourne ($70,500), Brisbane ($68,800) and Adelaide ($61,200). Leverage our AI Workflow Tools and online data environment to manipulate, visualize, present, and export data. Quick data summaries and visualizations on trending industry, political, and socioeconomic topics from Knoema’s database. This is the case for Congo where the 1970 value was $1066.77 per person per year and in 2019 it is $423.64. Australian Shares Retreat From Record Close, Australia Retail Sales Revised Slightly Lower, Australia Business Sentiment Hits Record High, Australia Building Permits Rise More than Expected, Australia Services PMI Climbs to Highest Level on Record, RBA Holds Rates, Upgrades Economic Forecasts, Australia Posts Smallest Trade Surplus in 4 Months, Eurozone Investor Morale Strongest since 2000, German Investor Morale at Over 20-Year High, Hungary Inflation Rate Surges to Near 8-1/2-Year High of 5.1%, Czech April Inflation Rate Quickens to 7-Month High, Turkey Retail Sales Growth at Decade High, Italy Industrial Output Falls Unexpectedly in March. Out of 193 economies, gdp (nominal) per capita of the 174 economies would increase, and 19 economies would decrease in 2021 compared to 2020. Gross Domestic Product per Capita, Current Prices. Figure 3 presents the level of GDP per capita. Australia Canada; GDP: $1.4T: $1.7T: GDP growth, 1 year: 2.8%: 1.8%: GDP growth, 5-years average: 2.6%: 1.9%: Population: 24.5M: 37.9M: GDP per capita: $57k: $46k: GDP per capita growth: 1.33%: 0.47%: Purchasing Power Parity conversion factor: 1.43: 1.24: Price level ratio of PPP conversion factor GDP to market exchange rate: 1.11: 0.96: GDP per capita, PPP adjusted: $52k: $50k: GNI, Atlas method: $1.3T Expenditure on Gross Domestic Product (GDP), Implicit price deflators. This is a change of 6.16% from one year ago. Published by Aaron O'Neill, Apr 20, 2021 This statistic shows the gross domestic product (GDP) per capita in current prices in Australia from 1986 … US-China AI Competition | Who is Winning? India. Definition: GDP per capita is gross domestic product divided by midyear population. World Economics makes available of world’s most comprehensive GDP database covering over 130 countries with historical GDP PPP data from 1870-2020, building on the lifetimes work of Angus Maddison. $-1053), Zimbabwe (Int. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds. Australia GDP - Historical Data; Date GDP Per Capita Growth; 2018-12-01: $1,339.17B: … Australia GDP per Capita is at a current level of 57395.92, up from 54066.47 one year ago. $-153), and … GDP per capita in Australia is expected to reach 54200.00 USD by the end of 2020, according to Trading Economics global macro models and analysts expectations. The top five losers are Palau (Int. Australia - Gross domestic product per capita in current prices 55,060 (US dollars) in 2019 In 2019, GDP per capita for Australia was 55,060 US dollars. 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