Australia and Austria Economies: A Side-by-Side Table Comparison

Australia and Austria present a striking contrast across various indicators. Australia’s population is nearly three times larger, and its landmass dwarfs Austria by over 96 times. Economically, Australia boasts a significantly higher GDP and exports more raw materials, while Austria excels in advanced goods.

Basic Indicators

Indicator	Australia	Austria	Comparison
Population source (2022 data), updated 2024	26.01 million (54th)	9.04 million (96th)	Australia’s population is approximately 2.88 times larger than Austria’s.
Surface area (sq. km) source (2022 data), updated 2024	7.74 million sq. km (6th)	0.08 million sq. km (111th)	Australia is 96.5 times larger than Austria.
GDP source (2022 data), updated 2024	1,692.96B USD (12th)	470.94B USD (31st)	Australia’s total GDP is approximately 3.59 times larger than Austria’s.
GDP per capita source (2022 data), updated 2024	$65,100 (13th)	52,085 USD (20th)	Australia’s GDP per capita is roughly 25% higher than Austria’s, with Australians producing about $13,015 more per person annually.

Economic Indexes

Index	Australia	Austria	Comparison
HDI (Human Development Index) source (2022 data), updated 2024	0.946 (10th)	0.926 (22nd)	Australia’s HDI is 0.946 (very high), while Austria’s is 0.926 (very high). Australia’s score is 0.020 higher, indicating a slightly better level of human development overall.
Index of Economic Freedom source (2024 data)	76.2 (12th)	68.4 (31st)	Australia’s Index of Economic Freedom is 11% higher than Austria’s, 7.8 points more.
GINI source (2022 data), updated 2024	34.3 (2018 est.)	29.8 (2020 est.)	With a 15% higher Gini coefficient, Australia has a higher degree of income inequality than Austria.

International trade _{source(2023 data), updated 2024}

Indicator	Australia	Austria
Total imports	363.57B USD	288.15B
Imports % of GDP	19.71%	61.60%
Main import partners	China 28%, US 10%, South Korea 6%, Japan 6%, Singapore 5%	Germany 40%, Italy 7%, Czechia 5%, Switzerland 5%, Netherlands 4%
Main import items	refined petroleum, cars, garments, trucks, plastic products	cars, refined petroleum, gold, garments, broadcasting equipment
Total exports	447.51B USD	306.47B
Exports % of GDP	25.43%	62.08%
Main export Partners	China 29%, Japan 19%, South Korea 10%, India 7%, Taiwan 6%	Germany 28%, US 7%, Italy 7%, Switzerland 5%, Hungary 5%
Main export items	coal, iron ore, natural gas, gold, wheat	cars, packaged medicine, vaccines, plastic products, electricity

Australia’s imports are 26% higher than Austria’s, but they make up 41.89% less of its GDP compared to Austria’s imports. Australia’s exports are 1.5 times Austria’s, focusing on raw materials, while Austria’s exports are more advanced, like cars and medicine.

Military Power _{source (2023 data), updated 2024}

Indicator	Australia	Austria
Military expenditure	32.3B USD	4.4B USD
Military expenditure (% of GDP)	1.90%	0.77%
Active military	59k	22k
Active military per 1,000 capita	3.8	16.8

Australia’s military expenditure is over 630% larger and approximately $27 billion higher than Austria’s, with Australia also allocating a significantly greater percentage of its GDP to defense compared to Austria.