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

In comparing Australia and Russia, we see notable differences: Australia’s population is about one-fifth of Russia’s, while Russia’s land area is more than twice that of Australia. Economically, Australia’s GDP per person is significantly higher, yet Russia invests much more in its military.

Basic Indicators

Indicator	Australia	Russia	Comparison
Population source (2022 data), updated 2024	26.01 million (54th)	144.24 million (9th)	Australia’s population is approximately 0.18 times that of Russia.
Surface area (sq. km) source (2022 data), updated 2024	7.74 million sq. km (6th)	17.10 million sq. km (1st)	Russia is 2.2 times larger than Australia.
GDP source (2022 data), updated 2024	1,692.96B USD (12th)	2,240.42B USD (8th)	Country B total GDP is approximately 1.32 times larger than Country A.
GDP per capita source (2022 data), updated 2024	$65,100 (13th)	15,271 USD (62nd)	Australia’s GDP per capita is roughly 76% higher than Russia’s, with Australians producing about $49,829 more per person annually.

Economic Indexes

Index	Australia	Russia	Comparison
HDI (Human Development Index) source (2022 data), updated 2024	0.946 (10th)	0.821 (54th)	Australia’s HDI is 0.946 (very high), while Russia’s is 0.821 (high). Australia’s score is 0.125 higher, indicating significantly better human development overall.
Index of Economic Freedom source (2024 data)	76.2 (12th)	52 (121st)	Australia’s Index of Economic Freedom is 46.2% higher than Russia’s, 24.2 points more.
GINI source (2022 data), updated 2024	34.3 (2018 est.)	36 (2020 est.)	With a 5% higher Gini coefficient, Russia has a higher degree of income inequality than Australia.

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

Indicator	Australia	Russia
Total imports	363.57B USD	378.62B
Imports % of GDP	19.71%	15.59%
Main import partners	China 28%, US 10%, South Korea 6%, Japan 6%, Singapore 5%	China 39%, Germany 8%, Turkey 5%, Kazakhstan 5%, South Korea 3%
Main import items	refined petroleum, cars, garments, trucks, plastic products	packaged medicine, broadcasting equipment, cars, garments, plastic products
Total exports	447.51B USD	465.43B
Exports % of GDP	25.43%	28.19%
Main export Partners	China 29%, Japan 19%, South Korea 10%, India 7%, Taiwan 6%	China 21%, India 8%, Germany 6%, Turkey 5%, Italy 5%
Main export items	coal, iron ore, natural gas, gold, wheat	crude petroleum, natural gas, refined petroleum, coal, fertilizers

Australia’s imports are slightly less than Russia’s, but Australia spends 26% more of its GDP on imports compared to Russia. Australia’s exports are slightly less than Russia’s, making up 25.43% of GDP, while Russia’s are 28.19%, focusing on crude oil and gas.

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

Indicator	Australia	Russia
Military expenditure	32.3B USD	109.5B USD
Military expenditure (% of GDP)	1.90%	4.06%
Active military	59k	1.1M
Active military per 1,000 capita	3.8	22.3

Australia’s military expenditure is significantly lower at $32.34 billion, accounting for 1.9% of its GDP, while Russia’s military budget is substantially larger at $109.45 billion, representing 4.1% of its GDP, indicating a stronger emphasis on defense in Russia.