Australia's share in the global gross domestic product (GDP) 2029
The share in the global GDP adjusted for PPP in Australia was forecast to continuously decrease between 2024 and 2029 by in total 0.1 percentage points. After the third consecutive decreasing year, the share is estimated to reach 0.93 percent and therefore a new minimum in 2029.
This indicator describes the share of a country's gross domestic product in the global gross domestic product. To this end the GDP (indicating the total value of final goods and services produced during a year) has been adjusted for purchasing power parity and set in relation to the purchasing power adjusted global GDP value.
Find more statistics on other topics about Australia with key insights such as the growth of the real the gross domestic product, the budget balance in relation to the gross domestic product, and the total population.
This indicator describes the share of a country's gross domestic product in the global gross domestic product. To this end the GDP (indicating the total value of final goods and services produced during a year) has been adjusted for purchasing power parity and set in relation to the purchasing power adjusted global GDP value.
Find more statistics on other topics about Australia with key insights such as the growth of the real the gross domestic product, the budget balance in relation to the gross domestic product, and the total population.
