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Australia economy
Australia’s economy grew 1.4% in 2025, slower than the world as a whole (2.9%). Consumer prices rose 2.9% in 2025, and 4.1% of the labour force was out of work.
| Indicator | Latest | Year |
|---|---|---|
| Real GDP growth | 1.4% | 2025 |
| Inflation (consumer prices) | 2.9% | 2025 |
| Unemployment | 4.1% | 2025 |
| GDP (US dollars) | $1.80 tn | 2025 |
| GDP per person (US dollars) | $65,130 | 2025 |
| GDP per person (PPP, international dollars) | $72,111 | 2024 |
| Current account balance, % of GDP | −2.7% | 2025 |
| Budget balance, % of GDP | −1.4% | 2022 |
| Extreme poverty, % of people below $3.00 a day | 0.9% | 2020 |
| Population | 27.6 m | 2025 |
Source: World Bank, World Development Indicators (CC BY 4.0). Data release 2026-10-22. Figures are revised by their publishers.