What was Australia's Exports of goods and services (% of GDP) in 2024?

In 2024, Australia's Exports of goods and services (% of GDP) was 24.62, according to World Bank Open Data.

Is Australia's Exports of goods and services (% of GDP) rising or falling?

Australia's Exports of goods and services (% of GDP) fell 7.8% from 2023 to 2024.

How does Australia rank globally on Exports of goods and services (% of GDP)?

In 2024, Australia ranked #118 out of 160 countries reporting Exports of goods and services (% of GDP).

How does Australia's Exports of goods and services (% of GDP) compare to the world average?

The global average for Exports of goods and services (% of GDP) in 2024 was 44.26, so Australia is below the world average. Within East Asia & Pacific, it ranks #18 of 24.

Australia: Exports of goods and services (% of GDP)

Name: Australia: Exports of goods and services (% of GDP)
Creator: World Bank
License: https://datacatalog.worldbank.org/public-licenses#cc-by

In 2024, Australia's Exports of goods and services (% of GDP) was 24.62.

That's down 7.8% from 2023, the highest value since 2023.

The global average for this indicator in 2024 was 44.26 . Australia ranks #118 globally out of 160 reporting countries. Within East Asia & Pacific, it ranks #18 of 24.

Source: World Bank Open Data (NE.EXP.GNFS.ZS) • Data as of 2024

Trend (2005–2024)

2008 · Global financial crisis
2020 · COVID-19 pandemic
2014 · Oil price collapse
2022 · Russia–Ukraine war begins

Highlights

Peak: 26.70; 2023
Trough: 18.20; 2005
1-year change: -7.8%
5-year change: +2.3%; +0.5% / yr
10-year change: +17.3%; +1.6% / yr

Historical Data — Last 10 Years

Year	Exports of goods and services (% of GDP)
2024	24.6215
2023	26.7011
2022	25.4615
2021	22.0018
2020	23.9380
2019	24.0625
2018	21.8126
2017	21.1718
2016	19.2031
2015	19.9846

About Exports of goods and services (% of GDP)

Exports of goods includes changes in the economic ownership of goods from residents of the compiling economy to non-residents, irrespective of physical movement of goods across national borders. Exports of services includes services provided by residents to non-residents. This indicator is expressed as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.

Indicator code: NE.EXP.GNFS.ZS • Category: Economy

Frequently asked questions

What was Australia's Exports of goods and services (% of GDP) in 2024?: In 2024, Australia's Exports of goods and services (% of GDP) was 24.62, according to World Bank Open Data.
Is Australia's Exports of goods and services (% of GDP) rising or falling?: Australia's Exports of goods and services (% of GDP) fell 7.8% from 2023 to 2024.
How does Australia rank globally on Exports of goods and services (% of GDP)?: In 2024, Australia ranked #118 out of 160 countries reporting Exports of goods and services (% of GDP).
How does Australia's Exports of goods and services (% of GDP) compare to the world average?: The global average for Exports of goods and services (% of GDP) in 2024 was 44.26, so Australia is below the world average. Within East Asia & Pacific, it ranks #18 of 24.
What is Exports of goods and services (% of GDP) and how is it measured?: Exports of goods includes changes in the economic ownership of goods from residents of the compiling economy to non-residents, irrespective of physical movement of goods across national borders. Exports of services includes services provided by residents to non-residents. This indicator is expressed as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.

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Source: World Bank Open Data (NE.EXP.GNFS.ZS), CC BY 4.0.