Australia - Gross value added at factor cost (constant LCU)

The value for Gross value added at factor cost (constant LCU) in Australia was 1,857,040,000,000 as of 2020. As the graph below shows, over the past 45 years this indicator reached a maximum value of 1,857,040,000,000 in 2020 and a minimum value of 470,854,000,000 in 1975.

Definition: Gross value added at factor cost (formerly GDP at factor cost) is derived as the sum of the value added in the agriculture, industry and services sectors. If the value added of these sectors is calculated at purchaser values, gross value added at factor cost is derived by subtracting net product taxes from GDP. Data are in constant local currency.

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

Year Value
1975 470,854,000,000
1976 479,419,000,000
1977 496,830,000,000
1978 502,857,000,000
1979 528,116,000,000
1980 541,482,000,000
1981 559,766,000,000
1982 581,543,000,000
1983 561,571,000,000
1984 589,102,000,000
1985 623,234,000,000
1986 648,215,000,000
1987 661,496,000,000
1988 705,319,000,000
1989 741,600,000,000
1990 771,843,000,000
1991 773,728,000,000
1992 772,178,000,000
1993 799,137,000,000
1994 832,510,000,000
1995 864,714,000,000
1996 899,288,000,000
1997 935,619,000,000
1998 976,241,000,000
1999 1,025,020,000,000
2000 1,066,030,000,000
2001 1,091,720,000,000
2002 1,135,360,000,000
2003 1,168,580,000,000
2004 1,218,290,000,000
2005 1,258,080,000,000
2006 1,292,870,000,000
2007 1,342,330,000,000
2008 1,392,810,000,000
2009 1,422,230,000,000
2010 1,455,480,000,000
2011 1,492,140,000,000
2012 1,553,030,000,000
2013 1,594,520,000,000
2014 1,637,780,000,000
2015 1,675,470,000,000
2016 1,718,100,000,000
2017 1,758,190,000,000
2018 1,810,670,000,000
2019 1,852,530,000,000
2020 1,857,040,000,000

Base Period: varies by country

Periodicity: Annual

Classification

Topic: Economic Policy & Debt Indicators

Sub-Topic: National accounts