Economy of Australia

Australia has a highly developed mixed economy. As of 2026, Australia was the 12th-largest national economy by nominal GDP (gross domestic product), the 22nd-largest by PPP-adjusted GDP, and was the 21st-largest goods exporter and 24th-largest goods importer. Australia took the record for the longest run of uninterrupted GDP growth in the developed world with the March 2017 financial quarter.

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