Australia - GNI

GNI, Atlas method (current US$)

The latest value for GNI, Atlas method (current US$) in Australia was $1,379,110,000,000 as of 2020. Over the past 58 years, the value for this indicator has fluctuated between $1,530,050,000,000 in 2014 and $20,130,020,000 in 1962.

Definition: GNI (formerly GNP) is the sum of value added by all resident producers plus any product taxes (less subsidies) not included in the valuation of output plus net receipts of primary income (compensation of employees and property income) from abroad. Data are in current U.S. dollars. GNI, calculated in national currency, is usually converted to U.S. dollars at official exchange rates for comparisons across economies, although an alternative rate is used when the official exchange rate is judged to diverge by an exceptionally large margin from the rate actually applied in international transactions. To smooth fluctuations in prices and exchange rates, a special Atlas method of conversion is used by the World Bank. This applies a conversion factor that averages the exchange rate for a given year and the two preceding years, adjusted for differences in rates of inflation between the country, and through 2000, the G-5 countries (France, Germany, Japan, the United Kingdom, and the United States). From 2001, these countries include the Euro area, Japan, the United Kingdom, and the United States.

Source: World Bank national accounts data, and OECD National Accounts data files.

See also:

Year Value
1962 $20,130,020,000
1963 $21,575,940,000
1964 $23,521,880,000
1965 $25,868,330,000
1966 $27,327,550,000
1967 $29,957,970,000
1968 $32,790,270,000
1969 $36,510,090,000
1970 $40,940,740,000
1971 $44,924,010,000
1972 $51,217,150,000
1973 $62,227,990,000
1974 $81,629,360,000
1975 $100,301,000,000
1976 $110,392,000,000
1977 $114,696,000,000
1978 $121,605,000,000
1979 $139,283,000,000
1980 $159,102,000,000
1981 $177,115,000,000
1982 $183,345,000,000
1983 $178,092,000,000
1984 $186,987,000,000
1985 $189,256,000,000
1986 $197,103,000,000
1987 $204,157,000,000
1988 $233,502,000,000
1989 $262,109,000,000
1990 $295,762,000,000
1991 $314,996,000,000
1992 $324,301,000,000
1993 $333,914,000,000
1994 $336,801,000,000
1995 $348,548,000,000
1996 $374,961,000,000
1997 $406,081,000,000
1998 $407,543,000,000
1999 $405,817,000,000
2000 $404,724,000,000
2001 $391,274,000,000
2002 $393,562,000,000
2003 $421,278,000,000
2004 $514,681,000,000
2005 $619,754,000,000
2006 $706,836,000,000
2007 $777,803,000,000
2008 $900,082,000,000
2009 $955,528,000,000
2010 $1,028,730,000,000
2011 $1,125,570,000,000
2012 $1,369,870,000,000
2013 $1,527,650,000,000
2014 $1,530,050,000,000
2015 $1,440,560,000,000
2016 $1,308,400,000,000
2017 $1,266,620,000,000
2018 $1,325,910,000,000
2019 $1,392,850,000,000
2020 $1,379,110,000,000

GNI (current US$)

The latest value for GNI (current US$) in Australia was $1,300,690,000,000 as of 2020. Over the past 60 years, the value for this indicator has fluctuated between $1,537,130,000,000 in 2013 and $18,638,150,000 in 1960.

Definition: GNI (formerly GNP) is the sum of value added by all resident producers plus any product taxes (less subsidies) not included in the valuation of output plus net receipts of primary income (compensation of employees and property income) from abroad. Data are in current U.S. dollars.

Source: World Bank national accounts data, and OECD National Accounts data files.

See also:

Year Value
1960 $18,638,150,000
1961 $19,660,660,000
1962 $19,979,840,000
1963 $21,477,210,000
1964 $23,796,620,000
1965 $26,051,070,000
1966 $27,248,290,000
1967 $30,227,350,000
1968 $32,409,000,000
1969 $36,147,380,000
1970 $40,865,720,000
1971 $44,717,210,000
1972 $51,818,930,000
1973 $63,870,600,000
1974 $88,657,330,000
1975 $97,511,950,000
1976 $105,064,000,000
1977 $109,574,000,000
1978 $117,067,000,000
1979 $133,257,000,000
1980 $148,419,000,000
1981 $176,304,000,000
1982 $190,343,000,000
1983 $175,911,000,000
1984 $191,199,000,000
1985 $177,982,000,000
1986 $179,077,000,000
1987 $185,907,000,000
1988 $231,616,000,000
1989 $291,510,000,000
1990 $300,390,000,000
1991 $312,683,000,000
1992 $312,764,000,000
1993 $303,644,000,000
1994 $315,541,000,000
1995 $355,237,000,000
1996 $386,906,000,000
1997 $420,700,000,000
1998 $386,813,000,000
1999 $376,948,000,000
2000 $403,586,000,000
2001 $368,463,000,000
2002 $384,615,000,000
2003 $454,241,000,000
2004 $596,684,000,000
2005 $669,314,000,000
2006 $718,497,000,000
2007 $815,904,000,000
2008 $1,012,040,000,000
2009 $895,504,000,000
2010 $1,103,060,000,000
2011 $1,341,850,000,000
2012 $1,499,480,000,000
2013 $1,537,130,000,000
2014 $1,429,190,000,000
2015 $1,323,100,000,000
2016 $1,178,300,000,000
2017 $1,290,880,000,000
2018 $1,383,830,000,000
2019 $1,347,400,000,000
2020 $1,300,690,000,000

GNI (current LCU)

The value for GNI (current LCU) in Australia was 1,940,370,000,000 as of 2020. As the graph below shows, over the past 60 years this indicator reached a maximum value of 1,940,370,000,000 in 2020 and a minimum value of 16,642,000,000 in 1960.

Definition: GNI (formerly GNP) is the sum of value added by all resident producers plus any product taxes (less subsidies) not included in the valuation of output plus net receipts of primary income (compensation of employees and property income) from abroad. Data are in current local currency.

Source: World Bank national accounts data, and OECD National Accounts data files.

Year Value
1960 16,642,000,000
1961 17,555,000,000
1962 17,840,000,000
1963 19,177,000,000
1964 21,248,000,000
1965 23,261,000,000
1966 24,330,000,000
1967 26,990,000,000
1968 28,938,000,000
1969 32,276,000,000
1970 36,489,000,000
1971 39,928,000,000
1972 44,357,000,000
1973 49,851,000,000
1974 60,154,000,000
1975 71,408,000,000
1976 83,347,000,000
1977 95,527,000,000
1978 103,792,000,000
1979 117,306,000,000
1980 133,206,000,000
1981 151,851,000,000
1982 172,508,000,000
1983 187,961,000,000
1984 211,122,000,000
1985 232,035,000,000
1986 256,009,000,000
1987 280,943,000,000
1988 318,333,000,000
1989 358,004,000,000
1990 390,357,000,000
1991 398,389,000,000
1992 406,687,000,000
1993 432,146,000,000
1994 456,115,000,000
1995 478,433,000,000
1996 509,942,000,000
1997 537,571,000,000
1998 570,278,000,000
1999 601,533,000,000
2000 642,630,000,000
2001 686,594,000,000
2002 735,076,000,000
2003 779,931,000,000
2004 838,818,000,000
2005 890,321,000,000
2006 959,624,000,000
2007 1,039,220,000,000
2008 1,130,440,000,000
2009 1,216,270,000,000
2010 1,252,310,000,000
2011 1,361,030,000,000
2012 1,454,200,000,000
2013 1,498,250,000,000
2014 1,556,820,000,000
2015 1,590,230,000,000
2016 1,618,750,000,000
2017 1,711,570,000,000
2018 1,785,280,000,000
2019 1,883,940,000,000
2020 1,940,370,000,000

GNI (constant 2010 US$)

Definition: GNI (formerly GNP) is the sum of value added by all resident producers plus any product taxes (less subsidies) not included in the valuation of output plus net receipts of primary income (compensation of employees and property income) from abroad. Data are in constant 2010 U.S. dollars.

Source: World Bank national accounts data, and OECD National Accounts data files.

See also:

Year Value
2015 1,323,100,000,000

GNI (constant LCU)

Definition: GNI (formerly GNP) is the sum of value added by all resident producers plus any product taxes (less subsidies) not included in the valuation of output plus net receipts of primary income (compensation of employees and property income) from abroad. Data are in constant local currency.

Source: World Bank national accounts data, and OECD National Accounts data files.

Year Value
2020 1,940,370,000,000

GNI, PPP (current international $)

The latest value for GNI, PPP (current international $) in Australia was 1,341,880,000,000 as of 2020. Over the past 30 years, the value for this indicator has fluctuated between 1,341,880,000,000 in 2020 and 285,960,000,000 in 1990.

Definition: PPP GNI (formerly PPP GNP) is gross national income (GNI) converted to international dollars using purchasing power parity rates. An international dollar has the same purchasing power over GNI as a U.S. dollar has in the United States. Gross national income is the sum of value added by all resident producers plus any product taxes (less subsidies) not included in the valuation of output plus net receipts of primary income (compensation of employees and property income) from abroad. Data are in current international dollars. For most economies PPP figures are extrapolated from the 2011 International Comparison Program (ICP) benchmark estimates or imputed using a statistical model based on the 2011 ICP. For 47 high- and upper middle-income economies conversion factors are provided by Eurostat and the Organisation for Economic Co-operation and Development (OECD).

Source: World Bank, International Comparison Program database.

See also:

Year Value
1990 285,960,000,000
1991 295,548,000,000
1992 306,214,000,000
1993 329,292,000,000
1994 350,704,000,000
1995 365,100,000,000
1996 388,754,000,000
1997 411,092,000,000
1998 438,724,000,000
1999 463,806,000,000
2000 489,992,000,000
2001 517,765,000,000
2002 550,005,000,000
2003 576,345,000,000
2004 614,156,000,000
2005 641,277,000,000
2006 683,726,000,000
2007 728,320,000,000
2008 764,292,000,000
2009 843,144,000,000
2010 833,031,000,000
2011 900,719,000,000
2012 944,215,000,000
2013 1,035,330,000,000
2014 1,071,830,000,000
2015 1,079,080,000,000
2016 1,116,260,000,000
2017 1,158,380,000,000
2018 1,214,140,000,000
2019 1,270,630,000,000
2020 1,341,880,000,000

GNI, PPP (constant 2011 international $)

Definition: PPP GNI (formerly PPP GNP) is gross national income (GNI) converted to international dollars using purchasing power parity rates. An international dollar has the same purchasing power over GNI as a U.S. dollar has in the United States. Gross national income is the sum of value added by all resident producers plus any product taxes (less subsidies) not included in the valuation of output plus net receipts of primary income (compensation of employees and property income) from abroad. Data are in constant 2011 international dollars.

Source: World Bank, International Comparison Program database.

See also:

Year Value
2017 1,158,380,000,000

Classification

Topic: Economic Policy & Debt Indicators

Sub-Topic: National accounts