Australia and Austria Economies: A Side-by-Side Table Comparison

Australia and Austria present a striking contrast across various indicators. Australia’s population is nearly three times larger, and its landmass dwarfs Austria by over 96 times. Economically, Australia boasts a significantly higher GDP and exports more raw materials, while Austria excels in advanced goods.

Basic Indicators

IndicatorAustralia Flag of Australia %28converted%29Austria Flag of AustriaComparison
Population source (2022 data), updated 202426.01 million (54th)9.04 million (96th)Australia’s population is approximately 2.88 times larger than Austria’s.
Surface area (sq. km) source (2022 data), updated 20247.74 million sq. km (6th)0.08 million sq. km (111th)Australia is 96.5 times larger than Austria.
GDP source (2022 data), updated 20241,692.96B USD (12th)470.94B USD (31st)Australia’s total GDP is approximately 3.59 times larger than Austria’s.
GDP per capita source (2022 data), updated 2024$65,100 (13th)52,085 USD (20th)Australia’s GDP per capita is roughly 25% higher than Austria’s, with Australians producing about $13,015 more per person annually.

Economic Indexes

IndexAustralia Flag of Australia %28converted%29Austria Flag of AustriaComparison
HDI (Human Development Index) source (2022 data), updated 20240.946 (10th)0.926 (22nd)Australia’s HDI is 0.946 (very high), while Austria’s is 0.926 (very high). Australia’s score is 0.020 higher, indicating a slightly better level of human development overall.
Index of Economic Freedom source (2024 data)76.2 (12th)68.4 (31st)Australia’s Index of Economic Freedom is 11% higher than Austria’s, 7.8 points more.
GINI source (2022 data), updated 202434.3 (2018 est.)29.8 (2020 est.)With a 15% higher Gini coefficient, Australia has a higher degree of income inequality than Austria.

International trade source(2023 data), updated 2024

IndicatorAustralia Flag of Australia %28converted%29Austria Flag of Austria
Total imports363.57B USD288.15B
Imports % of GDP19.71%61.60%
Main import partnersChina 28%, US 10%, South Korea 6%, Japan 6%, Singapore 5%Germany 40%, Italy 7%, Czechia 5%, Switzerland 5%, Netherlands 4%
Main import itemsrefined petroleum, cars, garments, trucks, plastic productscars, refined petroleum, gold, garments, broadcasting equipment
Total exports447.51B USD306.47B
Exports % of GDP25.43%62.08%
Main export PartnersChina 29%, Japan 19%, South Korea 10%, India 7%, Taiwan 6%Germany 28%, US 7%, Italy 7%, Switzerland 5%, Hungary 5%
Main export itemscoal, iron ore, natural gas, gold, wheatcars, packaged medicine, vaccines, plastic products, electricity

Australia’s imports are 26% higher than Austria’s, but they make up 41.89% less of its GDP compared to Austria’s imports. Australia’s exports are 1.5 times Austria’s, focusing on raw materials, while Austria’s exports are more advanced, like cars and medicine.

Military Power source (2023 data), updated 2024

IndicatorAustralia Flag of Australia %28converted%29Austria Flag of Austria
Military expenditure32.3B USD4.4B USD
Military expenditure (% of GDP)1.90%0.77%
Active military59k22k
Active military per 1,000 capita3.816.8

Australia’s military expenditure is over 630% larger and approximately $27 billion higher than Austria’s, with Australia also allocating a significantly greater percentage of its GDP to defense compared to Austria.

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