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

Australia and Israel present intriguing contrasts across key indicators. Australia has a population 2.7 times larger and a land area 387 times bigger. Its GDP is about 3.2 times larger, with a higher GDP per capita. In military spending, Australia spends more in total, but Israel allocates a greater GDP share to defense. While Australia imports more overall, Israel’s imports constitute a larger slice of its economy.

Basic Indicators

Indicator	Australia	Israel	Comparison
Population source (2022 data), updated 2024	26.01 million (54th)	9.56 million (93rd)	Australia’s population is approximately 2.7 times larger than Israel’s.
Surface area (sq. km) source (2022 data), updated 2024	7.74 million sq. km (6th)	0.02 million sq. km (142nd)	Australia is 387 times larger than Israel.
GDP source (2022 data), updated 2024	1,692.96B USD (12th)	525.00B USD (27th)	Australia’s total GDP is approximately 3.22 times larger than Israel’s.
GDP per capita source (2022 data), updated 2024	$65,100 (13th)	54,931 USD (18th)	Australia’s GDP per capita is roughly 18.5% higher than Israel’s, with Australians producing about $10,169 more per person annually.

Economic Indexes

Index	Australia	Israel	Comparison
HDI (Human Development Index) source (2022 data), updated 2024	0.946 (10th)	0.915 (25th)	Australia’s HDI is 0.946 (very high), while Israel’s is 0.915 (very high). Australia’s score is 0.031 higher, indicating a slight edge in human development overall.
Index of Economic Freedom source (2024 data)	76.2 (12th)	70.1 (24th)	Australia’s Index of Economic Freedom is 8.7% higher than Israel’s, 6.1 points more.
GINI source (2022 data), updated 2024	34.3 (2018 est.)	38.6 (2018 est.)	With a 12.5% higher Gini coefficient, Israel has a higher degree of income inequality than Australia.

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

Indicator	Australia	Israel
Total imports	363.57B USD	137.57B
Imports % of GDP	19.71%	28.78%
Main import partners	China 28%, US 10%, South Korea 6%, Japan 6%, Singapore 5%	China 14%, US 11%, Turkey 7%, Germany 6%, India 5%
Main import items	refined petroleum, cars, garments, trucks, plastic products	diamonds, cars, crude petroleum, refined petroleum, garments
Total exports	447.51B USD	156.17B
Exports % of GDP	25.43%	31.73%
Main export Partners	China 29%, Japan 19%, South Korea 10%, India 7%, Taiwan 6%	US 25%, China 7%, West Bank/Gaza Strip 6%, Ireland 5%, UK 4%
Main export items	coal, iron ore, natural gas, gold, wheat	diamonds, integrated circuits, refined petroleum, fertilizers, medical instruments

Australia’s imports are over two and a half times Israel’s, but Israel imports 46% more of its GDP than Australia. Australia’s exports are nearly three times Israel’s, focusing on raw materials, while Israel’s exports are more high-tech and specialized.

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

Indicator	Australia	Israel
Military expenditure	32.3B USD	27.5B USD
Military expenditure (% of GDP)	1.90%	4.51%
Active military	59k	170k
Active military per 1,000 capita	3.8	76.3

Australia’s military expenditure is approximately 17.5% larger in absolute terms but allocates a smaller percentage of its GDP to defense compared to Israel, which dedicates over double the proportion of its economy to military spending.