Australia GDP: Real: Gross Domestic Income

Australia GDP: Real: Gross Domestic Income data was reported at 2,680,025.000 AUD mn in 2024. This records a decrease from the previous number of 2,686,529.661 AUD mn for 2023. Australia GDP: Real: Gross Domestic Income data is updated yearly, averaging 923,173.665 AUD mn from Jun 1960 (Median) to 2024, with 65 observations. The data reached an all-time high of 2,686,529.661 AUD mn in 2023 and a record low of 316,426.793 AUD mn in 1960. Australia GDP: Real: Gross Domestic Income data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Australia – Table AU.World Bank.WDI: Gross Domestic Product: Real. Real gross domestic income (real GDI) measures the purchasing power of the total incomes generated by domestic production. It is a concept that exists in real terms only. When the terms of trade change there may be a significant divergence between the movements of GDP in volume terms and real GDI. The difference between the change in GDP in volume terms and real GDI is generally described as the “trading gain” (or loss) or, to turn this round, the trading gain or loss from changes in the terms of trade is the difference between real GDI and GDP in volume terms. This indicator is expressed in constant prices, meaning the series has been adjusted to account for price changes over time. The reference year for this adjustment varies by country. This series is expressed in local currency units.;Country official statistics, National Statistical Organizations and/or Central Banks; National Accounts data files, Organisation for Economic Co-operation and Development (OECD); Staff estimates, World Bank (WB);;

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What was Australia's Australia GDP: Real: Gross Domestic Income in 2024?

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