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Australia Trade (% GDP)

Australia's trade (% GDP) fell to 47.31% in 2024, down from 49.23% in 2023, according to World Bank. This represents a decrease of 1.92% from the previous year. Australia has trade (% GDP) lower than the global median (47.31% vs median 84.49%). Compared with the median in Oceania, Australia is lower (47.31% vs regional median 87.74%) and ranks 17th out of 17 countries in Oceania.

Yearly Historical Data (1960-2024)

(in %)
Year Trade (% GDP)
2024 47.31%
2023 49.23%
2022 45.82%
2021 40.3%
2020 44.66%
2019 46.19%
2018 43.74%
2017 42.2%
2016 40.97%
2015 41.66%
2014 42.48%
2013 41.27%
2012 43.16%
2011 41.85%
2010 40.52%
2009 45.74%
2008 42.85%
2007 42.01%
2006 41.56%
2005 39.16%
2004 37.01%
2003 40.2%
2002 41.45%
2001 44.22%
2000 40.94%
1999 39.03%
1998 39.99%
1997 37.98%
1996 38.23%
1995 37.7%
1994 36.46%
1993 35.4%
1992 33.04%
1991 32.19%
1990 32.15%
1989 32.07%
1988 32.56%
1987 32.51%
1986 33.01%
1985 32.49%
1984 28.54%
1983 29.18%
1982 30.32%
1981 31.6%
1980 32.3%
1979 29.62%
1978 28.18%
1977 28.63%
1976 26.86%
1975 28.97%
1974 26.32%
1973 25.13%
1972 24.76%
1971 25.55%
1970 26.15%
1969 25.25%
1968 26.74%
1967 26.73%
1966 28.02%
1965 28.44%
1964 28.65%
1963 26.79%
1962 26.53%
1961 27.38%
1960 27.01%
Australia Trade (% GDP) : Definition
Trade (% GDP) measures the sum of exports and imports for Australia divided by its total economic output, shown as a percentage.
Indicator Last Value Prior Value Period
Annual Exports $340.85B $369.24B 2024
Annual Imports $296.48B $287.86B 2024
Balance of Trade AUD 1.8B AUD 6.6B Aug'25
Exports AUD 41.9B AUD 45.4B Aug'25
Exports (% GDP) 24.71% 26.8% 2024
FDI Inflows (% GDP) 3.15% 1.88% 2024
Imports AUD 40B AUD 38.7B Aug'25
Imports (% GDP) 22.61% 22.43% 2024
Net Trade (Goods & Services, BoP) $19.82B $59.3B 2024
Tariff Rate 2.01% 1.93% 2022