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

In this comparison of Australia and Germany, Germany boasts a population over three times larger, while Australia’s land area is over 21 times bigger. Germany’s economy is more substantial overall, but Australians enjoy higher income per person. Australia also shows greater economic freedom, yet has more income inequality. Military spending is notably lower in Australia, despite a higher GDP percentage allocated to defense. When it comes to trade, Germany imports and exports significantly more, focusing on advanced goods, while Australia leans towards raw materials.

Basic Indicators

Indicator	Australia	Germany	Comparison
Population source (2022 data), updated 2024	26.01 million (54th)	83.80 million (18th)	Germany’s population is approximately 3.22 times larger than Australia’s.
Surface area (sq. km) source (2022 data), updated 2024	7.74 million sq. km (6th)	0.36 million sq. km (62nd)	Australia is 21.5 times larger than Germany.
GDP source (2022 data), updated 2024	1,692.96B USD (12th)	4,082.47B USD (4th)	Germany’s total GDP is approximately 2.41 times larger than Australia’s.
GDP per capita source (2022 data), updated 2024	$65,100 (13th)	48,718 USD (24th)	Australia’s GDP per capita is roughly 33.5% higher than Germany’s, with Australians producing about $16,381 more per person annually.

Economic Indexes

Index	Australia	Germany	Comparison
HDI (Human Development Index) source (2022 data), updated 2024	0.946 (10th)	0.95 (7th)	Australia’s HDI is 0.946 (very high), while Germany’s is 0.950 (very high). Germany’s score is 0.004 higher, indicating a slightly better human development overall.
Index of Economic Freedom source (2024 data)	76.2 (12th)	72.1 (17th)	Australia’s Index of Economic Freedom is 5.1 points higher than Germany’s, reflecting a difference of approximately 7%.
GINI source (2022 data), updated 2024	34.3 (2018 est.)	31.7 (2019 est.)	With a 10% higher Gini coefficient, Australia has a higher degree of income inequality than Germany.

International trade _{source(2023 data), updated 2024}

Indicator	Australia	Germany
Total imports	363.57B USD	1.93T
Imports % of GDP	19.71%	48.96%
Main import partners	China 28%, US 10%, South Korea 6%, Japan 6%, Singapore 5%	China 10%, Netherlands 9%, Poland 6%, Belgium 6%, Italy 5%
Main import items	refined petroleum, cars, garments, trucks, plastic products	natural gas, cars, garments, vehicle parts/accessories, crude petroleum
Total exports	447.51B USD	2.10T
Exports % of GDP	25.43%	50.92%
Main export Partners	China 29%, Japan 19%, South Korea 10%, India 7%, Taiwan 6%	US 10%, France 7%, China 7%, Netherlands 7%, Italy 6%
Main export items	coal, iron ore, natural gas, gold, wheat	cars, packaged medicine, vehicle parts/accessories, vaccines, plastic products

Australia’s imports are nearly 19% of its GDP, while Germany’s imports are almost 49% of its GDP, showing Germany imports much more. Australia’s exports are only 447.51B USD, focusing on raw materials, while Germany’s 2.10T USD exports are mainly advanced goods.

Military Power _{source (2023 data), updated 2024}

Indicator	Australia	Germany
Military expenditure	32.3B USD	66.8B USD
Military expenditure (% of GDP)	1.90%	1.39%
Active military	59k	184k
Active military per 1,000 capita	3.8	2.9

Australia’s military expenditure is 51% lower than Germany’s at $32.34 billion, while it allocates a larger percentage of its GDP to defense at 1.90% compared to Germany’s 1.39%.