Australia

Australia has climbed the long way: its economy measured US$416.9 billion in 2000 and has grown 4.3 times in dollar terms since, to US$1.80 trillion in 2025. Yet the ranking has barely moved. It stood 15th in 2000 and is 15th again, after slipping 1 place from 14th in 2024, now behind Mexico and ahead of Türkiye.

US$ GDP rose 2.4% last year, with real growth of +1.4%. Services account for 67.5% of output, industry 23.9% and agriculture 2.3%, while manufacturing contributes just 5.3%. Inflation stood at 2.9% and unemployment at 4.1%, and government gross debt is 51.9% of GDP. GDP per capita of US$65,130 ranks 14th in the world, though the PPP measure falls to 26th. The 4th-largest economy in East Asia & Pacific is about the size of Florida. The IMF projects GDP of US$2.49 trillion by 2030, a +38% rise that would lift it to 14th.