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Australia

Prosperity Summary
9
Current Rank
7
Highest Rank
12
Lowest Rank
9
Average Rank
2021
Largest Climb
2019
Largest Fall
Overall Prosperity

Australia is a federal parliamentary democracy with a population surpassing 26.6 million. It features arid interiors, temperate coastal regions, and extensive mineral-rich areas. The economy is highly industrialised, with a nominal GDP exceeding $1.7 trillion. Key exports include iron ore, coal, and LNG, while imports focus on machinery, vehicles, and consumer goods.

Visit our Rankings Table to see how Australia compares to other countries