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

In comparing Australia and Thailand, we find that Thailand’s population is about 2.76 times larger, while Australia boasts a surface area 15 times greater. Australia’s GDP is roughly 3.4 times larger, with a significantly higher GDP per capita. Additionally, Australia spends 460% more on military, and its exports focus on raw materials compared to Thailand’s advanced goods.

Basic Indicators

Indicator	Australia	Thailand	Comparison
Population source (2022 data), updated 2024	26.01 million (54th)	71.70 million (19th)	Thailand’s population is approximately 2.76 times larger than Australia’s.
Surface area (sq. km) source (2022 data), updated 2024	7.74 million sq. km (6th)	0.51 million sq. km (51st)	Australia is 15 times larger than Thailand.
GDP source (2022 data), updated 2024	1,692.96B USD (12th)	495.42B USD (29th)	Australia’s total GDP is approximately 3.41 times larger than Thailand’s.
GDP per capita source (2022 data), updated 2024	$65,100 (13th)	6,910 USD (92nd)	Australia’s GDP per capita is roughly 84% higher than Thailand’s, with Australians producing about $58,189 more per person annually.

Economic Indexes

Index	Australia	Thailand	Comparison
HDI (Human Development Index) source (2022 data), updated 2024	0.946 (10th)	0.803 (63rd)	Australia’s HDI is 0.946 (very high), while Thailand’s is 0.803 (high). Australia’s score is 0.143 higher, indicating significantly better human development overall.
Index of Economic Freedom source (2024 data)	76.2 (12th)	59 (78th)	Australia’s Index of Economic Freedom is 29% higher than Thailand’s, 17.2 points more.
GINI source (2022 data), updated 2024	34.3 (2018 est.)	35.1 (2021 est.)	With a 2.3% higher Gini coefficient, Thailand has a higher degree of income inequality than Australia.

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

Indicator	Australia	Thailand
Total imports	363.57B USD	328.01B
Imports % of GDP	19.71%	68.10%
Main import partners	China 28%, US 10%, South Korea 6%, Japan 6%, Singapore 5%	China 26%, Japan 11%, UAE 6%, US 5%, Malaysia 5%
Main import items	refined petroleum, cars, garments, trucks, plastic products	crude petroleum, integrated circuits, gold, natural gas, vehicle parts/accessories
Total exports	447.51B USD	336.87B
Exports % of GDP	25.43%	65.78%
Main export Partners	China 29%, Japan 19%, South Korea 10%, India 7%, Taiwan 6%	US 17%, China 11%, Japan 8%, Vietnam 4%, Malaysia 4%
Main export items	coal, iron ore, natural gas, gold, wheat	machine parts, integrated circuits, cars, trucks, vehicle parts/accessories

Australia’s imports are 10% higher than Thailand’s, but they only make up 19.71% of GDP, while Thailand’s are 68.10%. Australia’s exports are $447.51B, focusing on raw materials, while Thailand’s $336.87B exports are more advanced, making up 65.78% of its GDP.

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

Indicator	Australia	Thailand
Military expenditure	32.3B USD	5.8B USD
Military expenditure (% of GDP)	1.90%	1.16%
Active military	59k	361k
Active military per 1,000 capita	3.8	10

Australia’s military expenditure is approximately 460% larger and $26.5 billion higher than Thailand’s, with Australia also allocating a greater percentage of its GDP to defense compared to Thailand.