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

Australia and Colombia present a striking contrast across various indicators. Colombia’s population is about twice that of Australia, yet Australia boasts a land area nearly 7 times larger. Economically, Australia’s GDP is roughly 5 times greater, with a significantly higher GDP per capita. While Australia’s military spending is about 3 times more, Colombia allocates a larger share of its GDP to defense. In trade, Australia exports over 6 times more than Colombia, focusing on minerals, while Colombia relies on crude and coffee.

Basic Indicators

Indicator	Australia	Colombia	Comparison
Population source (2022 data), updated 2024	26.01 million (54th)	51.87 million (27th)	Colombia’s population is approximately 2 times larger than Australia’s.
Surface area (sq. km) source (2022 data), updated 2024	7.74 million sq. km (6th)	1.14 million sq. km (25th)	Australia is 6.79 times larger than Colombia.
GDP source (2022 data), updated 2024	1,692.96B USD (12th)	343.62B USD (42nd)	Australia’s total GDP is approximately 4.93 times larger than Colombia’s.
GDP per capita source (2022 data), updated 2024	$65,100 (13th)	6,624 USD (97th)	Australia’s GDP per capita is roughly 87% higher than Colombia’s, with Australians producing about $58,475 more per person annually.

Economic Indexes

Index	Australia	Colombia	Comparison
HDI (Human Development Index) source (2022 data), updated 2024	0.946 (10th)	0.758 (86th)	Australia’s HDI is 0.946 (very high), while Colombia’s is 0.758 (medium). Australia’s score is 0.188 higher, indicating significantly better human development overall.
Index of Economic Freedom source (2024 data)	76.2 (12th)	59.2 (75th)	Australia’s Index of Economic Freedom is 28% higher than Colombia’s, 17 points more.
GINI source (2022 data), updated 2024	34.3 (2018 est.)	51.5 (2021 est.)	With a 50% higher Gini coefficient, Colombia has a higher degree of income inequality than Australia.

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

Indicator	Australia	Colombia
Total imports	363.57B USD	75.98B
Imports % of GDP	19.71%	27.78%
Main import partners	China 28%, US 10%, South Korea 6%, Japan 6%, Singapore 5%	US 26%, China 25%, Brazil 7%, Mexico 5%, Germany 3%
Main import items	refined petroleum, cars, garments, trucks, plastic products	refined petroleum, cars, broadcasting equipment, corn, packaged medicine
Total exports	447.51B USD	67.76B
Exports % of GDP	25.43%	20.58%
Main export Partners	China 29%, Japan 19%, South Korea 10%, India 7%, Taiwan 6%	US 26%, Panama 10%, Netherlands 6%, India 4%, Brazil 4%
Main export items	coal, iron ore, natural gas, gold, wheat	crude petroleum, coal, coffee, refined petroleum, gold

Australia’s imports are 4.8 times Colombia’s, and Colombia imports 41% more of its GDP compared to Australia. Australia’s exports are over six times Colombia’s, and they focus on minerals and energy, while Colombia leans on crude and coffee.

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

Indicator	Australia	Colombia
Military expenditure	32.3B USD	10.7B USD
Military expenditure (% of GDP)	1.90%	3.08%
Active military	59k	293k
Active military per 1,000 capita	3.8	10.7

Australia’s military expenditure is approximately 3 times larger than Colombia’s at $32.34 billion compared to $10.70 billion, while Colombia allocates a higher percentage of its GDP to defense at 3.08% versus Australia’s 1.90%.