Australia and United Kingdom Economies: A Side-by-Side Table Comparison

In comparing Australia and the United Kingdom, key indicators reveal interesting contrasts: the UK has a population 2.58 times larger, while Australia boasts a land area 32 times greater. Australia’s GDP per capita exceeds the UK’s by 41%, yet its military budget is 43% smaller. Imports and exports also show distinct patterns, with Australia relying heavily on raw materials.

Basic Indicators

IndicatorAustralia Flag of Australia %28converted%29United Kingdom Flag of the United KingdomComparison
Population source (2022 data), updated 202426.01 million (54th)66.97 million (21st)The population of the United Kingdom is approximately 2.58 times larger than that of Australia.
Surface area (sq. km) source (2022 data), updated 20247.74 million sq. km (6th)0.24 million sq. km (77th)Australia is 32.2 times larger than the United Kingdom.
GDP source (2022 data), updated 20241,692.96B USD (12th)3,089.07B USD (6th)Country B total GDP is 1.82 times larger than Country A.
GDP per capita source (2022 data), updated 2024$65,100 (13th)46,125 USD (26th)Australia’s GDP per capita is roughly 41% higher than the United Kingdom’s, with Australians producing about $18,974 more per person annually.

Economic Indexes

IndexAustralia Flag of Australia %28converted%29United Kingdom Flag of the United KingdomComparison
HDI (Human Development Index) source (2022 data), updated 20240.946 (10th)0.94 (15th)Australia’s HDI is 0.946 (very high), while the United Kingdom’s is 0.940 (very high). Australia’s score is 0.006 higher, indicating a slightly better human development overall.
Index of Economic Freedom source (2024 data)76.2 (12th)68.6 (29th)Australia’s Index of Economic Freedom is 11.6 points higher than the United Kingdom’s, reflecting a difference of approximately 17%.
GINI source (2022 data), updated 202434.3 (2018 est.)32.6 (2020 est.)With a 5.2% higher Gini coefficient, Australia has a higher degree of income inequality than the United Kingdom.

International trade source(2023 data), updated 2024

IndicatorAustralia Flag of Australia %28converted%29United Kingdom Flag of the United Kingdom
Total imports363.57B USD1.12T
Imports % of GDP19.71%36.09%
Main import partnersChina 28%, US 10%, South Korea 6%, Japan 6%, Singapore 5%China 12%, Germany 10%, US 10%, Norway 8%, Netherlands 5%
Main import itemsrefined petroleum, cars, garments, trucks, plastic productsnatural gas, cars, crude petroleum, gold, garments
Total exports447.51B USD1.08T
Exports % of GDP25.43%33.43%
Main export PartnersChina 29%, Japan 19%, South Korea 10%, India 7%, Taiwan 6%US 13%, Netherlands 9%, Germany 9%, China 8%, Ireland 7%
Main export itemscoal, iron ore, natural gas, gold, wheatgold, cars, gas turbines, crude petroleum, packaged medicine

Australia’s imports are about a third of the UK’s, and Australia imports 46% less of its GDP compared to the UK. Australia’s exports are $447.51B, focusing on raw materials, while the UK’s $1.08T exports are more diverse and advanced.

Military Power source (2023 data), updated 2024

IndicatorAustralia Flag of Australia %28converted%29United Kingdom Flag of the United Kingdom
Military expenditure32.3B USD74.9B USD
Military expenditure (% of GDP)1.90%2.23%
Active military59k196k
Active military per 1,000 capita3.84.2

Australia’s military expenditure is approximately 43% lower than the United Kingdom’s, with a budget of $32.34 billion compared to the UK’s $74.94 billion, while Australia allocates a smaller percentage of its GDP (1.90%) to defense compared to the UK’s 2.23%.

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