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

Australia and Chile present a fascinating contrast across various indicators. Australia’s population is 1.33 times larger, but its land area dwarfs Chile, being over 10 times greater. Economically, Australia outpaces Chile with a GDP about 5.6 times larger and a per capita income significantly higher. While both nations invest similarly in defense, Australia’s military budget is roughly six times greater. In trade, Australia exports over four times more than Chile, reflecting their different economic focuses.

Basic Indicators

Indicator	Australia	Chile	Comparison
Population source (2022 data), updated 2024	26.01 million (54th)	19.60 million (62nd)	Australia’s population is approximately 1.33 times larger than Chile’s.
Surface area (sq. km) source (2022 data), updated 2024	7.74 million sq. km (6th)	0.76 million sq. km (36th)	Australia is 10.18 times larger than Chile in area.
GDP source (2022 data), updated 2024	1,692.96B USD (12th)	301.02B USD (43rd)	Australia’s total GDP is approximately 5.62 times larger than Chile’s.
GDP per capita source (2022 data), updated 2024	$65,100 (13th)	15,355 USD (61st)	Australia’s GDP per capita is roughly 76% higher than Chile’s, with Australians producing about $49,744 more per person annually.

Economic Indexes

Index	Australia	Chile	Comparison
HDI (Human Development Index) source (2022 data), updated 2024	0.946 (10th)	0.86 (45th)	Australia’s HDI is 0.946 (very high), while Chile’s is 0.860 (high). Australia’s score is 0.086 higher, indicating significantly better human development overall.
Index of Economic Freedom source (2024 data)	76.2 (12th)	71.4 (20th)	Australia’s Index of Economic Freedom is 6.8 points higher than Chile’s, reflecting a difference of approximately 9.5%.
GINI source (2022 data), updated 2024	34.3 (2018 est.)	44.9 (2020 est.)	With a 30% higher Gini coefficient, Chile has a higher degree of income inequality than Australia.

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

Indicator	Australia	Chile
Total imports	363.57B USD	99.81B
Imports % of GDP	19.71%	39.35%
Main import partners	China 28%, US 10%, South Korea 6%, Japan 6%, Singapore 5%	China 26%, US 22%, Brazil 10%, Argentina 5%, Germany 3%
Main import items	refined petroleum, cars, garments, trucks, plastic products	refined petroleum, cars, crude petroleum, garments, trucks
Total exports	447.51B USD	104.35B
Exports % of GDP	25.43%	35.67%
Main export Partners	China 29%, Japan 19%, South Korea 10%, India 7%, Taiwan 6%	China 39%, US 14%, Japan 8%, South Korea 6%, Brazil 5%
Main export items	coal, iron ore, natural gas, gold, wheat	copper ore, refined copper, carbonates, fish, raw copper

Australia’s imports are over three times Chile’s, yet they make up 19.71% of GDP, while Chile’s are 39.35% of its GDP. Australia’s exports are over four times Chile’s, focusing on minerals and energy, while Chile’s are more on copper and fish.

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

Indicator	Australia	Chile
Military expenditure	32.3B USD	5.5B USD
Military expenditure (% of GDP)	1.90%	1.83%
Active military	59k	77k
Active military per 1,000 capita	3.8	9

Australia’s military expenditure is approximately six times larger than Chile’s at $32.34 billion compared to $5.49 billion, while both countries allocate a similar percentage of their GDP to defense, with Australia at 1.90% and Chile at 1.83%.