The official estimate for Australia's GDP was $1.356 trillion at the end of 2023 in puchasing power partity terms.
World Economics has developed a database presenting GDP in Purchasing Power Parity terms with added estimates for the size of the informal economy and adjustments for out-of-date GDP base year data. World Economics estimates Australia's GDP to be $1.491 trillion - 10% larger than official estimates.
2023 data is based on IMF growth rate estimates applied to World Economics GDP data.
Australia's data is highlighted in the table below, use the filter and sort order options to allow easy comparison with other countries.
Data source: World Economics Research, London