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

In comparing Australia and India, we see striking contrasts: India’s population is over 54 times larger, while Australia covers 2.35 times more land. India’s economy is over twice the size of Australia’s, but Australians enjoy a significantly higher income per person. In defense spending, India invests over 2.5 times more, while Australia’s imports are notably lower.

Basic Indicators

Indicator	Australia	India	Comparison
Population source (2022 data), updated 2024	26.01 million (54th)	1417.17 million (1st)	India’s population is approximately 54.5 times larger than Australia’s.
Surface area (sq. km) source (2022 data), updated 2024	7.74 million sq. km (6th)	3.29 million sq. km (7th)	Australia is 2.35 times larger than India.
GDP source (2022 data), updated 2024	1,692.96B USD (12th)	3,416.65B USD (5th)	India’s total GDP is 2.02 times larger than Australia’s.
GDP per capita source (2022 data), updated 2024	$65,100 (13th)	2,411 USD (139th)	Australia’s GDP per capita is roughly 96.3% higher than India’s, with Australians producing about $62,688.96 more per person annually.

Economic Indexes

Index	Australia	India	Comparison
HDI (Human Development Index) source (2022 data), updated 2024	0.946 (10th)	0.644 (123rd)	Australia’s HDI is 0.946 (very high), while India’s is 0.644 (medium). Australia’s score is 0.302 higher, indicating significantly better human development overall.
Index of Economic Freedom source (2024 data)	76.2 (12th)	52.9 (116th)	Australia’s Index of Economic Freedom is 45.3% higher than India’s, 23.3 points more.
GINI source (2022 data), updated 2024	34.3 (2018 est.)	34.2 (2021 est.)	With a 0.3% higher Gini coefficient, Australia has a higher degree of income inequality than India.

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

Indicator	Australia	India
Total imports	363.57B USD	859.49B
Imports % of GDP	19.71%	26.44%
Main import partners	China 28%, US 10%, South Korea 6%, Japan 6%, Singapore 5%	China 15%, UAE 7%, US 7%, Saudi Arabia 6%, Russia 6%
Main import items	refined petroleum, cars, garments, trucks, plastic products	crude petroleum, coal, gold, natural gas, diamonds
Total exports	447.51B USD	773.22B
Exports % of GDP	25.43%	22.79%
Main export Partners	China 29%, Japan 19%, South Korea 10%, India 7%, Taiwan 6%	US 18%, UAE 7%, Netherlands 4%, China 3%, Bangladesh 3%
Main export items	coal, iron ore, natural gas, gold, wheat	refined petroleum, diamonds, packaged medicine, garments, jewelry

Australia’s imports are 42% less than India’s, and Australia imports 25% less of its GDP compared to India. Australia’s exports are $447.51B, focusing on raw materials, while India’s $773.22B exports include refined goods and diverse products.

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

Indicator	Australia	India
Military expenditure	32.3B USD	83.6B USD
Military expenditure (% of GDP)	1.90%	2.43%
Active military	59k	1.4M
Active military per 1,000 capita	3.8	3.7

India’s military expenditure is over 2.5 times larger than Australia’s at $83.6 billion, and it allocates a higher percentage of its GDP to defense at 2.43%, compared to Australia’s 1.90%.