Flag of au

Australia Poverty Rate

Australia's poverty rate was 0.5% in 2018, unchanged from 2016, according to World Bank. Australia has poverty rate lower than the global median (0.50% vs median 1.90%). Compared with the median in Oceania, Australia is lower (0.50% vs regional median 3.40%) and ranks 5th out of 6 countries in Oceania.

Australia's annual unemployment rate rose to 4.07% in 2024, up from 3.67% in 2023.

Yearly Historical Data (1981-2018)

(in %)
Year Poverty Rate (%)
2018 0.5%
2016 0.5%
2014 0.5%
2010 0.3%
2008 0.7%
2004 0.7%
2003 1%
2001 1%
1995 1%
1989 0.7%
1985 1%
1981 1%
Australia Poverty Rate : Definition
Poverty Rate measures the percentage of people in Australia living on less than $3.00 per day, adjusted for purchasing power parity (PPP, 2021 prices).
Indicator Last Value Prior Value Period
Gini Index 34.3 points 33.7 points 2018
Happiness Index 6.97 points 7.06 points 2024
Homicide Rate 0.74 0.86 2021
Population 27.2M 26.65M 2024
Primary Enrollment Rate 99.13% 99.93% 2022