Australia's economy is resource-rich and highly developed, supported by significant exports of iron ore, coal, and natural gas to key Asian markets. The country also has a large services sector that includes finance, tourism, education, and health care. Agriculture remains internationally competitive, producing beef, wheat, wool, and wine. With strong institutions and a skilled workforce, Australia continues investing in digital technologies, renewable energy, and infrastructure, while navigating challenges related to climate impacts, housing costs, and shifting global trade dynamics.
World Bank Data. 2000-2024. Last updated Oct 2025.
Refer to the latest year-over-year Australia GDP statistics.