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Economy of Australia vs Congo compared: GDP & Debt

Updated on by Georank team

Australia has a GDP of $1.76T compared to $15.7B for the Congo, ranking 14/197 and 141/197 by economy size, respectively.

Australia has $891B in government debt (50.7% of GDP), compared to $15.4B (98% of GDP) in the Congo.

Australia vs Congo GDP by year

Australia
Congo
1x
Year GDP, current $
Australia Congo
2024 $1,757,022,451,653 $15,719,986,077
2023 $1,734,451,264,656 $15,321,055,823
2022 $1,695,627,535,476 $15,817,030,155
2021 $1,560,617,493,203 $14,825,690,211
2020 $1,333,336,461,648 $11,468,687,464
2019 $1,398,349,602,956 $13,976,637,780
2018 $1,433,144,978,762 $14,773,900,289
2017 $1,330,890,554,614 $11,834,473,039
2016 $1,211,588,128,418 $10,931,328,151
2015 $1,356,805,839,936 $12,434,793,867
2014 $1,474,677,007,566 $17,919,321,078
2013 $1,583,737,461,925 $17,958,720,699
2012 $1,552,728,401,402 $17,692,911,296
2011 $1,402,939,868,653 $15,655,383,577
2010 $1,152,566,632,022 $13,148,396,212
2009 $931,761,689,771 $9,723,299,915
2008 $1,058,448,244,064 $11,649,857,673
2007 $856,603,595,823 $8,782,703,437
2006 $749,708,370,333 $8,072,305,029
2005 $696,811,489,613 $6,650,001,680
2004 $615,643,050,221 $4,656,974,940
2003 $468,517,181,130 $3,503,723,088
2002 $396,436,967,263 $3,034,250,924
2001 $380,360,222,861 $2,796,704,604
2000 $416,901,962,163 $3,227,927,698
1999 $390,347,787,943 $2,354,772,960
1998 $400,361,527,505 $1,949,481,379
1997 $436,321,902,767 $2,322,719,103
1996 $401,962,517,479 $2,540,697,539
1995 $368,725,126,225 $2,116,003,868
1994 $323,269,456,935 $1,769,365,438
1993 $312,568,858,910 $2,684,323,623
1992 $325,982,966,981 $2,933,222,703
1991 $326,416,407,861 $2,724,853,506
1990 $311,840,666,465 $2,798,746,050
1989 $300,264,309,002 $2,389,593,026
1988 $236,461,079,970 $2,212,536,312
1987 $189,726,707,253 $2,297,753,652
1986 $182,707,050,923 $1,849,268,212
1985 $180,861,108,959 $2,160,872,540
1984 $193,749,932,078 $2,193,581,365
1983 $177,523,719,680 $2,097,274,290
1982 $194,323,071,831 $2,160,640,565
1981 $177,151,979,566 $1,993,512,323
1980 $150,200,557,103 $1,705,796,853
1979 $135,093,718,051 $1,198,749,667
1978 $118,660,813,780 $878,771,772
1977 $110,504,702,914 $765,224,029
1976 $105,209,354,856 $754,549,601
1975 $97,440,939,506 $767,102,680
1974 $89,086,219,602 $585,364,634
1973 $63,923,126,201 $541,973,363
1972 $52,117,990,654 $410,669,264
1971 $45,283,847,245 $322,128,019
1970 $41,395,206,623 $274,960,700
1969 $36,738,245,878 $265,040,036
1968 $32,763,365,242 $251,247,458
1967 $30,487,524,878 $237,397,428
1966 $27,349,284,376 $220,613,582
1965 $26,014,244,162 $198,318,064
1964 $23,835,843,814 $185,693,725
1963 $21,573,443,452 $172,233,431
1962 $19,953,923,193 $166,521,240
1961 $19,713,123,154 $151,675,739
1960 $18,635,682,982 $131,731,863

Data sources: World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06).

GeoRank.org/economy/australia/congo | CC BY

GDP per capita in Australia vs Congo by year

Australia
GDP per capita

GDP per capita, PPP
Congo
GDP per capita

GDP per capita, PPP
1x
Year Current $
Australia Congo
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $64,604 $72,111 $2,482 $7,026
2023 $65,058 $72,273 $2,478 $6,850
2022 $65,170 $66,103 $2,621 $6,647
2021 $60,759 $58,327 $2,516 $6,263
2020 $51,983 $54,184 $1,994 $4,771
2019 $55,195 $52,886 $2,488 $5,720
2018 $57,410 $50,371 $2,694 $5,593
2017 $54,118 $48,565 $2,212 $4,445
2016 $50,084 $47,446 $2,093 $4,016
2015 $56,970 $46,465 $2,439 $4,715
2014 $62,817 $47,109 $3,601 $5,733
2013 $68,477 $46,123 $3,697 $5,834
2012 $68,301 $43,007 $3,732 $6,058
2011 $62,799 $42,153 $3,396 $5,175
2010 $52,314 $39,504 $2,947 $5,125
2009 $42,955 $40,434 $2,271 $4,801
2008 $49,811 $37,616 $2,832 $4,448
2007 $41,128 $36,708 $2,206 $4,243
2006 $36,659 $34,890 $2,104 $4,588
2005 $34,535 $33,090 $1,799 $4,279
2004 $30,886 $31,815 $1,306 $3,992
2003 $23,758 $30,167 $1,017 $3,887
2002 $20,335 $29,080 $906 $3,888
2001 $19,734 $27,688 $855 $3,748
2000 $21,909 $26,585 $1,024 $3,667
1999 $20,750 $25,531 $776 $3,464
1998 $21,516 $24,386 $660 $3,602
1997 $23,683 $23,142 $804 $3,510
1996 $22,056 $22,134 $899 $3,547
1995 $20,479 $21,050 $770 $3,434
1994 $18,156 $20,174 $662 $3,327
1993 $17,725 $19,220 $1,034 $3,550
1992 $18,650 $18,259 $1,164 $3,608
1991 $18,885 $17,839 $1,113 $3,536
1990 $18,274 $17,385 $1,176 $3,437
1989 $17,858 - $1,033 -
1988 $14,303 - $984 -
1987 $11,666 - $1,052 -
1986 $11,406 - $872 -
1985 $11,455 - $1,049 -
1984 $12,436 - $1,097 -
1983 $11,532 - $1,075 -
1982 $12,798 - $1,131 -
1981 $11,871 - $1,066 -
1980 $10,223 - $933 -
1979 $9,308 - $670 -
1978 $8,264 - $503 -
1977 $7,786 - $448 -
1976 $7,497 - $453 -
1975 $7,014 - $471 -
1974 $6,492 - $370 -
1973 $4,778 - $353 -
1972 $3,955 - $276.3 -
1971 $3,500 - $223.5 -
1970 $3,310 - $196.7 -
1969 $2,996 - $195.4 -
1968 $2,728 - $190.8 -
1967 $2,584 - $185.7 -
1966 $2,347 - $177.6 -
1965 $2,284 - $164.2 -
1964 $2,134 - $158.1 -
1963 $1,970 - $150.7 -
1962 $1,858 - $149.6 -
1961 $1,880 - $139.9 -
1960 $1,813 - $124.7 -

Data sources: World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06).

GeoRank.org/economy/australia/congo | CC BY

Australia's GDP per capita is $64,604, ranking 14/197, compared to $2,482 in the Congo, ranking 149/197. Adjusted for purchasing power (GDP per capita PPP), Australia ranks 22nd at $72,111, while the Congo ranks 148th at $7,026.

Economic indicators

Australia Congo
Gross domestic product
$1.76T
2024
$15.7B
2024
GDP rank
14/197
2024
141/197
2024
GDP growth
1.37%
2023-2024
2.58%
2023-2024
GDP per capita
$64,604
2024
$2,482
2024
GDP per capita rank
14/197
2024
149/197
2024
GDP per capita, PPP
$72,111
2024
$7,026
2024
GDP per capita PPP rank
22/197
2024
148/197
2024
Government debt
$891B
2024
$15.4B
2024
Debt-to-GDP ratio
50.7%
2024
98%
2024
Government debt per person
$32,764
2024
$2,433
2024
Government debt per person rank
22/185
2024
112/185
2024
Average annual personal income after taxes
$49,463
2026
$2,153
2026
Market capitalization of domestic companies
$1.74T
2024
n/a
Number of millionaires
1,904,000
2025
n/a
Number of billionaires
47
2025
n/a
Income share by richest 10%
25.5%
2020
37.9%
2011
Income share by poorest 10%
2.7%
2020
1.6%
2011
Government expenditure, % of GDP
38.9%
2024
21.7%
2024
Consumer prices inflation
3.16%
2023-2024
3.1%
2023-2024
Central bank interest rate
3.6%
2025
n/a
Unemployment rate
3.94%
2024
10%
2012
Population
27799169
6681829

Spending and national debt comparison by year

Australia
Spending

Debt
Congo
Spending

Debt
1x
Year % of GDP
Australia Congo
Government spending Government debt Government spending Government debt
2024 38.9% 50.7% 21.7% 98%
2023 37.6% 49.6% 20.7% 102.9%
2022 37.6% 50.2% 22.8% 93.5%
2021 41.8% 55.5% 20.9% 97.8%
2020 44.4% 57.1% 21.1% 102.5%
2019 38.9% 46.7% 20.2% 77.6%
2018 36.9% 41.8% 17.8% 71.2%
2017 36.8% 41.2% 26.6% 88.5%
2016 37.3% 40.6% 38.8% 84.6%
2015 37.3% 37.7% 41.3% 74.2%
2014 36.7% 34% 48.6% 42.3%
2013 36.4% 30.5% 42.4% 33.9%
2012 36.5% 27.5% 30.7% 30.2%
2011 36.3% 24% 27.9% 34.4%
2010 37% 20.3% 23% 43.5%
2009 37.8% 16.6% 24.4% 83.8%
2008 35.1% 11.7% 24.2% 69.6%
2007 34.3% 9.67% 28.6% 93.8%
2006 34.5% 9.94% 26.6% 94.7%
2005 34.6% 10.9% 22.1% 99.8%
2004 34.8% 11.9% 24.4% 122.6%
2003 34.9% 13.2% 27% 185.3%
2002 34.9% 15% 32.1% 163.5%
2001 35.6% 17.1% 29.1% 180.1%
2000 35.2% 19.5% 22.6% 145%
1999 36.2% 22.5% 28.8% 0%
1998 34.6% 23.7% 25.1% 0%
1997 32.8% 25.9% 22.2% 0%
1996 33.5% 29.3% 15.7% 0%
1995 33.7% 31.1% 27.6% 0%
1994 33.7% 31.7% 30.7% 0%
1993 34.1% 30.7% 32.8% 0%
1992 34.1% 27.6% 32.8% 0%
1991 33.1% 21.6% 34.1% 0%
1990 30.5% 16.4% 30.4% 0%
1989 34.5% 17% 20.3% 151.7%
1988 34.6% 20.5% - -
1987 36% 25.2% - -
1986 38.4% 25.5% - -
1985 38.7% 24% - -
1984 38.4% 22.3% - -
1983 37% 21% - -
1982 36.7% 16.8% - -
1981 33.4% 19.1% - -
1980 33.2% 21.2% - -
1979 32.5% 22.8% - -
1978 33.2% 24.7% - -
1977 34.1% 23.6% - -
1976 33.3% 22.9% - -
1975 33% 23.6% - -
1974 30.9% 22.3% - -
1973 26.6% 27.3% - -
1972 27% 30.7% - -
1971 26.1% 32.2% - -
1970 25.3% 34.9% - -
1969 24.7% 36.7% - -
1968 25.3% 39.4% - -
1967 26.4% 40.5% - -
1966 25.6% 42.4% - -
1965 25.8% 43.7% - -
1964 23.5% 44.9% - -
1963 23% 47.5% - -
1962 22.7% 50.2% - -
1961 23.3% 49.3% - -
1960 21.8% 48.3% - -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1960–1989, retrieved 2026-02-20).

GeoRank.org/economy/australia/congo | CC BY

In 2024, Australia's government spending was $684B, accounting for 38.9% of its GDP, while the Congo spent $3.4B, or 21.7% of GDP.

Debt-to-GDP ratio is 50.7% in Australia and 98% in the Congo, ranking 104/185 and 25/185, respectively.

Government deficit by year

Deficit/surplus
Australia

Congo
1x
Year Deficit/surplus, % of GDP
Australia Congo
2024 -2.25% 3.62%
2023 -1.27% 5.81%
2022 -2.21% 8.94%
2021 -6.37% 1.63%
2020 -8.73% -1.1%
2019 -4.41% 4.3%
2018 -1.26% 5.22%
2017 -1.72% -5.57%
2016 -2.42% -14.5%
2015 -2.79% -17.8%
2014 -2.92% -10.7%
2013 -2.81% -2.85%
2012 -3.51% 7.24%
2011 -4.53% 16.1%
2010 -5.12% 15.5%
2009 -4.56% 4.76%
2008 -1.1% 23.9%
2007 1.47% 8.99%
2006 1.77% 16%
2005 1.71% 13.4%
2004 1.32% 3.33%
2003 1.05% 0.37%
2002 0.19% -7.34%
2001 -0.03% -0.71%
2000 1.25% 1.05%
1999 0.67% -4.75%
1998 -0.25% -5.16%
1997 -0.49% 3.67%
1996 -1.46% 9.2%
1995 -2.6% -6.38%
1994 -3.79% -10.6%
1993 -4.73% -11.3%
1992 -4.74% -12.7%
1991 -2.79% -11.2%
1990 -0.23% -4.1%
1989 -1.29% 0.78%
1988 -0.77% -
1987 -1.66% -
1986 -3.5% -
1985 -5.24% -
1984 -5.48% -
1983 -5.66% -
1982 -5.19% -
1981 -3.25% -
1980 -2.87% -
1979 -2.32% -
1978 -4.19% -
1977 -4.39% -
1976 -3.44% -
1975 -3.47% -
1974 -2.46% -
1973 0.16% -
1972 -0.97% -
1971 -0.23% -
1970 -0.23% -
1969 0.53% -
1968 -0.7% -
1967 -1.65% -
1966 -1.77% -
1965 -1.46% -
1964 0.19% -
1963 -0.26% -
1962 -0.38% -
1961 -0.78% -
1960 0.47% -
1959 0.06% -
1958 -0.25% -
1957 -0.33% -
1956 1% -
1955 0.08% -
1954 -0.27% -
1953 -0.86% -
1952 -0.44% -
1951 1.85% -
1950 4.29% -
1949 0.72% -
1948 2% -
1947 -0.45% -
1946 -4.09% -
1945 -8.87% -
1944 -11.8% -
1943 -12.4% -
1942 -5.17% -
1941 -2.14% -
1940 0.51% -
1939 0.77% -
1938 0.24% -
1937 0.28% -
1936 0.17% -
1935 0.24% -
1934 0.28% -
1933 0.28% -
1932 0.02% -
1931 -0.8% -
1930 -1% -
1929 -0.53% -
1928 -0.69% -
1927 -0.5% -
1926 -0.31% -
1925 -0.26% -
1924 -0.5% -
1923 -0.33% -
1922 -0.94% -
1921 -2% -
1920 -2.43% -
1919 -4.8% -
1918 -4.36% -
1917 -4.99% -
1916 -3.47% -
1915 -1.11% -
1914 -0.29% -
1913 0% -
1912 0.12% -
1911 0.39% -
1910 0.39% -
1909 0.37% -
1908 -0.15% -
1907 0.41% -
1906 0.23% -
1905 0.11% -
1904 -0.13% -
1903 -0.02% -
1902 0.16% -
1901 1.46% -

Data sources: International Monetary Fund (IMF) | Public Finances in Modern History (1901–1989, retrieved 2026-02-20); International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20).

GeoRank.org/economy/australia/congo | CC BY

In 2024, Australia's government deficit, the difference between spending and revenue, was $39.5B, equivalent to 2.25% of GDP. This compares to the Congo's surplus of $568M, or 3.62% of GDP.

Over the past 36 years, Australia recorded a fiscal deficit in 28 of those years, while the Congo ran a deficit in 16 years. On average, Australia posted an annual deficit equal to 1.97% of GDP, compared to surplus of 0.75% of GDP for the Congo.

Inflation comparison by year

Inflation
Australia

Congo
1x
Year Consumer prices inflation
Australia Congo
2024 3.16% 3.1%
2023 5.6% 4.3%
2022 6.59% 3%
2021 2.86% 2%
2020 0.85% 1.4%
2019 1.61% 0.4%
2018 1.91% 1.2%
2017 1.95% 0.4%
2016 1.28% 3.2%
2015 1.51% 3.2%
2014 2.49% 0.9%
2013 2.45% 4.6%
2012 1.76% 5%
2011 3.3% 1.8%
2010 2.92% 0.4%
2009 1.77% 4.3%
2008 4.35% 6%
2007 2.33% 2.6%
2006 3.56% 4.7%
2005 2.69% 2.5%
2004 2.34% 3.7%
2003 2.73% 1.7%
2002 2.98% 3%
2001 4.41% 0.8%
2000 4.46% 0.5%
1999 1.48% 3%
1998 0.86% 2.2%
1997 0.22% 12.7%

Data sources: International Monetary Fund (IMF) | World Economic Outlook (1997–2024, retrieved 2026-02-20); World Bank | Economy & Growth (1997–2024, retrieved 2026-04-06).

GeoRank.org/economy/australia/congo | CC BY

Over the past 28 years, Australia has recorded an average annual inflation rate of 2.66%, compared with 2.95% in the Congo. In 2024, inflation was 3.16% in Australia and 3.1% in the Congo.

Top exports between countries

Australia
Export category Export value
Raw agricultural goods $895K
Machinery & equipment $882K
Chemicals & pharma $210K
Animal & marine products $160K
Textiles & consumer goods $36K
Raw materials & minerals $20K
Miscellaneous $13K
Metals $5K
Congo
Export category Export value
Machinery & equipment $6.95M
Raw materials & minerals $5.36M
Wood & paper products $25K
Textiles & consumer goods $13K
Metals $10K

Balance of trade

Australia Congo
Current account balance
-$34.8B
2024
$1.72B
2021
Current account balance ranking
187/190
2024
48/190
2021
Current account balance, % of GDP
-1.98%
2024
+11.6%
2021
Goods imports
$297B
2024
$2.78B
2021
Goods exports
$341B
2024
$7.51B
2021
Service imports
$109B
2024
$1.71B
2021
Service exports
$84.1B
2024
$240M
2021
Imports of goods and services, % of GDP
22.5%
2024
40.4%
2024
Exports of goods and services, % of GDP
24.6%
2024
52.8%
2024

Economic freedom indices

The indices of economic freedom below are issued by the Heritage Foundation. Higher scores indicate stronger economic health.

Australia Congo
Economic freedom 80.1 48.6
Economic freedom ranking 5/197 169/197
Property rights 88.2 28.7
Government integrity 88.1 13.9
Judicial effectiveness 96.3 15.4
Tax burden 61.8 73.7
Government spending 56.6 85.8
Fiscal health 89 80.8
Business freedom 92.3 35.8
Labor freedom 61.5 52.4
Monetary freedom 77.2 78.4
Trade freedom 89.8 52.8
Investment freedom 80 35
Financial freedom 80 30

Economic freedom comparison by year

Australia
Congo
1x
Year Economic freedom index
Australia Congo
2026 80.1 48.6
2025 79.3 48.6
2024 76.2 47.8
2023 74.8 48.1
2022 77.7 48.5
2021 82.4 50.7
2020 82.6 41.8
2019 80.9 39.7
2018 80.9 38.9
2017 81 40
2016 80.3 42.8
2015 81.4 42.7
2014 82 43.7
2013 82.6 43.5
2012 83.1 43.8
2011 82.5 43.6
2010 82.6 43.2
2009 82.6 45.4
2008 82.2 45.3
2007 81.1 44.4
2006 79.9 43.8
2005 79 46.2
2004 77.9 45.9
2003 77.4 47.7
2002 77.3 45.3
2001 77.4 44.3
2000 77.1 40.6
1999 76.4 41.6
1998 75.6 33.8
1997 75.5 42.2
1996 74 40.3
1995 74.1 -

Data sources: The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-03-09).

GeoRank.org/economy/australia/congo | CC BY

The Economic Freedom Index for Australia is 80.1, ranking 5/197, compared to 48.6 for the Congo, ranking 169/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Australia Congo
Services, % of GDP
66.1%
2024
45%
2024
Industry, % of GDP
25.5%
2024
40.1%
2024
Agriculture, forestry, and fishing, % of GDP
2.04%
2024
9.44%
2024
GNI, Atlas method
$1.7T
2024
$14.4B
2024
GNI per capita, PPP
$69,600
2024
$6,340
2024
Total reserves including gold
$60.4B
2024
$715M
2023
Total reserves ranking
39/177
2024
148/177
2023
Net foreign direct investment
-$39.2B
2024
$330M
2021
Net inflows of foreign direct investment
$53.4B
2024
$604M
2024
Net outflows of foreign direct investment
$13.9B
2024
$25.4M
2024
Servicing debt to the IMF, % of GNI n/a
7.67%
2024
Poverty at national poverty lines n/a
40.9%
2011
Gross capital formation, % of GDP
24.3%
2024
26.8%
2024

GDP per capita map

1x

Data sources: World Bank | Economy & Growth (1985–2024, retrieved 2026-04-06); U.S. Census Bureau (1985–2024, retrieved 2026-02-08).

GeoRank.org/economy/australia/congo | CC BY

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Data sources:

  1. World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06)
  2. International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20)
  3. International Monetary Fund (IMF) | Public Finances in Modern History (1901–1989, retrieved 2026-02-20)
  4. The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-03-09)
  5. U.S. Census Bureau (1985–2024, retrieved 2026-02-08)
  6. TradeMap (2020–2024, retrieved 2026-02-08)
  7. United Nations | World Population Prospects (2026, retrieved 2026-03-10)
  8. LivingCost (2026, retrieved 2025-10-14)

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The current account balance is the sum of net trade in goods and services, net earnings from cross-border investments, and net transfer payments. It reflects a country's economic transactions with the rest of the world and is a fundamental component of the balance of payments. A surplus indicates that a country exports more than it imports, while a deficit shows the opposite.

Gross National Income (GNI) measures a country's total income. It encompasses income earned by residents, businesses, and foreign sources, defined as employee compensation and investment profits. GNI adds product taxes not included elsewhere and subtracts subsidies. It accounts for income from residents working abroad but excludes earnings from foreigners within the country.

A negative value for Net Foreign Direct Investment indicates a country is a net receiver of investments, as foreign inflows exceed outflows after Balance of Payments adjustments. A positive value indicates a net provider, with outflows exceeding inflows. Inflows are credits (increasing foreign claims on domestic assets), while outflows are debits (increasing domestic assets abroad).

Foreign direct investment (FDI, net inflows) shows how much capital foreign investors bring into a country after accounting for any funds that flow back in the opposite direction. It represents the net value of overseas companies establishing, expanding, or financing businesses in the reporting country. A positive number means more capital entered the country than was withdrawn, while a negative number means foreign investors pulled out more than they invested.

Foreign direct investment (FDI, net outflows) shows how much capital residents of a country invest abroad after accounting for any funds that flow back in the opposite direction. It represents the net value of domestic companies establishing, expanding, or financing businesses in other countries. A positive number means more capital was invested abroad than withdrawn, while a negative number means residents pulled back more than they invested.

Principal and interest payments to the IMF in currency, goods, or services on long-term debt expressed as a share of GNI.

Formerly gross domestic investment, gross capital formation measures the share of a country’s economic output invested in fixed assets, including buildings, machinery, and infrastructure. It indicates how much of the economy is devoted to building productive capacity.