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

Australia and Romania present a striking contrast across various indicators. Australia’s population is about 1.4 times larger, while its landmass is 32 times greater. Economically, Australia boasts a GDP around 5.6 times larger, with a GDP per capita significantly higher. In military spending, Australia invests nearly 6 times more, while Romania faces a slightly higher income inequality. In trade, Australia exports over three times more than Romania, despite Romania importing a larger share of its GDP.

Basic Indicators

Indicator	Australia	Romania	Comparison
Population source (2022 data), updated 2024	26.01 million (54th)	19.05 million (63rd)	Australia’s population is approximately 1.37 times larger than Romania’s.
Surface area (sq. km) source (2022 data), updated 2024	7.74 million sq. km (6th)	0.24 million sq. km (80th)	Australia is 32.2 times larger than Romania.
GDP source (2022 data), updated 2024	1,692.96B USD (12th)	300.69B USD (44th)	Australia’s total GDP is approximately 5.63 times larger than Romania’s.
GDP per capita source (2022 data), updated 2024	$65,100 (13th)	15,787 USD (60th)	Australia’s GDP per capita is roughly 313% higher than Romania’s, with Australians producing about $49,313 more per person annually.

Economic Indexes

Index	Australia	Romania	Comparison
HDI (Human Development Index) source (2022 data), updated 2024	0.946 (10th)	0.827 (52nd)	Australia’s HDI is 0.946 (very high), while Romania’s is 0.827 (high). Australia’s score is 0.119 higher, indicating significantly better human development overall.
Index of Economic Freedom source (2024 data)	76.2 (12th)	64.4 (48th)	Australia’s Index of Economic Freedom is 18% higher than Romania’s, 11.8 points more.
GINI source (2022 data), updated 2024	34.3 (2018 est.)	34.6 (2020 est.)	With a 0.3% higher Gini coefficient, Romania has a higher degree of income inequality than Australia.

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

Indicator	Australia	Romania
Total imports	363.57B USD	154.11B
Imports % of GDP	19.71%	49.84%
Main import partners	China 28%, US 10%, South Korea 6%, Japan 6%, Singapore 5%	Germany 17%, Italy 8%, Hungary 6%, Turkey 6%, Poland 6%
Main import items	refined petroleum, cars, garments, trucks, plastic products	crude petroleum, vehicle parts/accessories, refined petroleum, packaged medicine, cars
Total exports	447.51B USD	137.34B
Exports % of GDP	25.43%	42.97%
Main export Partners	China 29%, Japan 19%, South Korea 10%, India 7%, Taiwan 6%	Germany 19%, Italy 10%, Hungary 7%, France 6%, Bulgaria 4%
Main export items	coal, iron ore, natural gas, gold, wheat	vehicle parts/accessories, cars, insulated wire, refined petroleum, wheat

Australia’s imports are 2.36 times those of Romania, but Romania imports 30% more of its GDP compared to Australia. Australia’s exports are over three times Romania’s, focusing on raw materials, while Romania’s are more on vehicles and refined goods.

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

Indicator	Australia	Romania
Military expenditure	32.3B USD	5.6B USD
Military expenditure (% of GDP)	1.90%	1.73%
Active military	59k	69k
Active military per 1,000 capita	3.8	8.2

Australia’s military expenditure is approximately 5.8 times larger than Romania’s at $32.34 billion compared to $5.61 billion, and Australia allocates a slightly higher percentage of its GDP to defense at 1.90% versus Romania’s 1.73%.