World Bank WDI · updated 2026-10-15 · 161 economies tracked
27.58 (2022)
##60 of 161 economies
0.9%
1.53×
1 = global #1 · higher value ranks higher
Real annual global ranks, 1972 - 2024. Australia climbed from #20 to #60 (overtook Kyrgyzstan). Gaps in a lane = missing data that year.
Key events for Australia ↓Auto-detected from rank data + curated milestones
AUD begins floating; financial deregulation follows.
Avoids recession on the back of China-driven commodity demand.
First recession in nearly three decades.
GDP, Government Revenue (% of GDP), Tax Revenue as a Percentage of GDP, Government Health Expenditure (% of GDP)
No community estimates yet for Government Expenditure (% of GDP) — be the first.