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Economy of Australia vs Moldova compared: GDP & Debt

Updated on by Georank team

Australia has a GDP of $1.76T compared to $18.2B for Moldova, ranking 14/197 and 134/197 by economy size, respectively.

Australia has $891B in government debt (50.7% of GDP), compared to $7.06B (38.8% of GDP) in Moldova.

Australia vs Moldova GDP by year

Australia
Moldova
1x
Year GDP, current $
Australia Moldova
2024 $1,757,022,451,653 $18,200,340,854
2023 $1,734,451,264,656 $16,711,906,746
2022 $1,695,627,535,476 $14,525,337,524
2021 $1,560,617,493,203 $13,691,869,264
2020 $1,333,336,461,648 $11,530,746,234
2019 $1,398,349,602,956 $11,736,797,055
2018 $1,433,144,978,762 $11,252,353,421
2017 $1,330,890,554,614 $9,514,404,016
2016 $1,211,588,128,418 $7,980,917,076
2015 $1,356,805,839,936 $7,797,667,197
2014 $1,474,677,007,566 $9,402,090,138
2013 $1,583,737,461,925 $9,496,717,876
2012 $1,552,728,401,402 $8,709,138,635
2011 $1,402,939,868,653 $8,414,352,020
2010 $1,152,566,632,022 $6,974,982,370
2009 $931,761,689,771 $5,439,434,272
2008 $1,058,448,244,064 $6,054,824,248
2007 $856,603,595,823 $4,401,173,152
2006 $749,708,370,333 $3,408,255,451
2005 $696,811,489,613 $2,988,342,907
2004 $615,643,050,221 $2,598,249,556
2003 $468,517,181,130 $1,980,907,435
2002 $396,436,967,263 $1,661,818,168
2001 $380,360,222,861 $1,480,673,594
2000 $416,901,962,163 $1,288,429,392
1999 $390,347,787,943 $1,170,782,957
1998 $400,361,527,505 $1,698,717,505
1997 $436,321,902,767 $1,930,081,169
1996 $401,962,517,479 $1,695,122,174
1995 $368,725,126,225 $1,752,999,370
1994 $323,269,456,935 $1,702,314,268
1993 $312,568,858,910 $2,371,813,324
1992 $325,982,966,981 $2,319,243,436
1991 $326,416,407,861 $3,094,565,871
1990 $311,840,666,465 $3,592,857,043
1989 $300,264,309,002 -
1988 $236,461,079,970 -
1987 $189,726,707,253 -
1986 $182,707,050,923 -
1985 $180,861,108,959 -
1984 $193,749,932,078 -
1983 $177,523,719,680 -
1982 $194,323,071,831 -
1981 $177,151,979,566 -
1980 $150,200,557,103 -
1979 $135,093,718,051 -
1978 $118,660,813,780 -
1977 $110,504,702,914 -
1976 $105,209,354,856 -
1975 $97,440,939,506 -
1974 $89,086,219,602 -
1973 $63,923,126,201 -
1972 $52,117,990,654 -
1971 $45,283,847,245 -
1970 $41,395,206,623 -
1969 $36,738,245,878 -
1968 $32,763,365,242 -
1967 $30,487,524,878 -
1966 $27,349,284,376 -
1965 $26,014,244,162 -
1964 $23,835,843,814 -
1963 $21,573,443,452 -
1962 $19,953,923,193 -
1961 $19,713,123,154 -
1960 $18,635,682,982 -

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

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

GDP per capita in Australia vs Moldova by year

Australia
GDP per capita

GDP per capita, PPP
Moldova
GDP per capita

GDP per capita, PPP
1x
Year Current $
Australia Moldova
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $64,604 $72,111 $7,576 $18,615
2023 $65,058 $72,273 $6,800 $17,747
2022 $65,170 $66,103 $5,744 $16,453
2021 $60,759 $58,327 $5,275 $15,682
2020 $51,983 $54,184 $4,376 $13,527
2019 $55,195 $52,886 $4,405 $13,413
2018 $57,410 $50,371 $4,156 $11,868
2017 $54,118 $48,565 $3,453 $11,252
2016 $50,084 $47,446 $2,847 $10,326
2015 $56,970 $46,465 $2,750 $9,198
2014 $62,817 $47,109 $3,290 $8,643
2013 $68,477 $46,123 $3,321 $8,233
2012 $68,301 $43,007 $3,045 $7,255
2011 $62,799 $42,153 $2,941 $6,833
2010 $52,314 $39,504 $2,437 $6,323
2009 $42,955 $40,434 $1,898 $5,827
2008 $49,811 $37,616 $2,111 $6,153
2007 $41,128 $36,708 $1,531 $5,590
2006 $36,659 $34,890 $1,183 $5,271
2005 $34,535 $33,090 $1,034 $4,866
2004 $30,886 $31,815 $897 $4,378
2003 $23,758 $30,167 $682 $3,960
2002 $20,335 $29,080 $571 $3,633
2001 $19,734 $27,688 $507 $3,311
2000 $21,909 $26,585 $441 $3,045
1999 $20,750 $25,531 $399 $2,910
1998 $21,516 $24,386 $579 $2,965
1997 $23,683 $23,142 $657 $3,136
1996 $22,056 $22,134 $575 $3,021
1995 $20,479 $21,050 $594 $3,146
1994 $18,156 $20,174 $574 $3,111
1993 $17,725 $19,220 $797 $4,394
1992 $18,650 $18,259 $778 $4,337
1991 $18,885 $17,839 $1,038 $5,980
1990 $18,274 $17,385 $1,207 $6,895
1989 $17,858 - - -
1988 $14,303 - - -
1987 $11,666 - - -
1986 $11,406 - - -
1985 $11,455 - - -
1984 $12,436 - - -
1983 $11,532 - - -
1982 $12,798 - - -
1981 $11,871 - - -
1980 $10,223 - - -
1979 $9,308 - - -
1978 $8,264 - - -
1977 $7,786 - - -
1976 $7,497 - - -
1975 $7,014 - - -
1974 $6,492 - - -
1973 $4,778 - - -
1972 $3,955 - - -
1971 $3,500 - - -
1970 $3,310 - - -
1969 $2,996 - - -
1968 $2,728 - - -
1967 $2,584 - - -
1966 $2,347 - - -
1965 $2,284 - - -
1964 $2,134 - - -
1963 $1,970 - - -
1962 $1,858 - - -
1961 $1,880 - - -
1960 $1,813 - - -

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

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

Australia's GDP per capita is $64,604, ranking 14/197, compared to $7,576 in Moldova, ranking 99/197. Adjusted for purchasing power (GDP per capita PPP), Australia ranks 22nd at $72,111, while Moldova ranks 100th at $18,615.

Economic indicators

Australia Moldova
Gross domestic product
$1.76T
2024
$18.2B
2024
GDP rank
14/197
2024
134/197
2024
GDP growth
1.37%
2023-2024
0.1%
2023-2024
GDP per capita
$64,604
2024
$7,576
2024
GDP per capita rank
14/197
2024
99/197
2024
GDP per capita, PPP
$72,111
2024
$18,615
2024
GDP per capita PPP rank
22/197
2024
100/197
2024
Government debt
$891B
2024
$7.06B
2024
Debt-to-GDP ratio
50.7%
2024
38.8%
2024
Government debt per person
$32,764
2024
$2,938
2024
Government debt per person rank
22/185
2024
102/185
2024
Average annual personal income after taxes
$49,463
2026
$4,291
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
22.8%
2023
Income share by poorest 10%
2.7%
2020
4.3%
2023
Government expenditure, % of GDP
38.9%
2024
38%
2024
Consumer prices inflation
3.16%
2023-2024
4.68%
2023-2024
Central bank interest rate
3.6%
2025
6%
2025
Unemployment rate
3.94%
2024
1.43%
2024
Population
27799169
2341166

Spending and national debt comparison by year

Australia
Spending

Debt
Moldova
Spending

Debt
1x
Year % of GDP
Australia Moldova
Government spending Government debt Government spending Government debt
2024 38.9% 50.7% 38% 38.8%
2023 37.6% 49.6% 38.8% 34.9%
2022 37.6% 50.2% 36.6% 35%
2021 41.8% 55.5% 34.6% 33.6%
2020 44.4% 57.1% 36.7% 36.6%
2019 38.9% 46.7% 32% 28.8%
2018 36.9% 41.8% 31.5% 31.8%
2017 36.8% 41.2% 31% 34.9%
2016 37.3% 40.6% 30.5% 39.7%
2015 37.3% 37.7% 31.7% 42.1%
2014 36.7% 34% 33.8% 35.4%
2013 36.4% 30.5% 32.4% 30%
2012 36.5% 27.5% 33.7% 31.3%
2011 36.3% 24% 32.6% 24.2%
2010 37% 20.3% 34.1% 25.5%
2009 37.8% 16.6% 45.3% 32.6%
2008 35.1% 11.7% 41.5% 22.2%
2007 34.3% 9.67% 42.7% 28.3%
2006 34.5% 9.94% 40.3% 35%
2005 34.6% 10.9% 37.1% 40.4%
2004 34.8% 11.9% 34.8% 49.3%
2003 34.9% 13.2% 33.5% 68.1%
2002 34.9% 15% 30.7% 80.3%
2001 35.6% 17.1% 29.5% 85.4%
2000 35.2% 19.5% 34% 89.1%
1999 36.2% 22.5% 33% 150.7%
1998 34.6% 23.7% 39.1% 159.4%
1997 32.8% 25.9% 46% 89%
1996 33.5% 29.3% 43.3% 87.5%
1995 33.7% 31.1% 42% 79.5%
1994 33.7% 31.7% - -
1993 34.1% 30.7% - -
1992 34.1% 27.6% - -
1991 33.1% 21.6% - -
1990 30.5% 16.4% - -
1989 34.5% 17% - -
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/moldova | CC BY

In 2024, Australia's government spending was $684B, accounting for 38.9% of its GDP, while Moldova spent $6.91B, or 38% of GDP.

Debt-to-GDP ratio is 50.7% in Australia and 38.8% in Moldova, ranking 104/185 and 137/185, respectively.

Government deficit by year

Deficit/surplus
Australia

Moldova
1x
Year Deficit/surplus, % of GDP
Australia Moldova
2024 -2.25% -3.88%
2023 -1.27% -5.13%
2022 -2.21% -3.24%
2021 -6.37% -2.62%
2020 -8.73% -5.32%
2019 -4.41% -1.47%
2018 -1.26% -0.85%
2017 -1.72% -0.65%
2016 -2.42% -1.56%
2015 -2.79% -1.93%
2014 -2.92% -1.6%
2013 -2.81% -1.57%
2012 -3.51% -1.93%
2011 -4.53% -2.05%
2010 -5.12% -2.18%
2009 -4.56% -6.38%
2008 -1.1% -0.87%
2007 1.47% 0.15%
2006 1.77% -0.42%
2005 1.71% 1.44%
2004 1.32% 0.59%
2003 1.05% 0.47%
2002 0.19% -1.18%
2001 -0.03% -0.34%
2000 1.25% -3.55%
1999 0.67% -2.64%
1998 -0.25% -1.52%
1997 -0.49% -7.47%
1996 -1.46% -7.42%
1995 -2.6% -2.58%
1994 -3.79% -
1993 -4.73% -
1992 -4.74% -
1991 -2.79% -
1990 -0.23% -
1989 -1.29% -
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/moldova | 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 Moldova's deficit of $707M, or 3.88% of GDP.

Over the past 30 years, Australia recorded a fiscal deficit in 22 of those years, while Moldova ran a deficit in 26 years. On average, Australia posted an annual deficit equal to 1.78% of GDP, compared to deficit of 2.26% of GDP for Moldova.

Inflation comparison by year

Inflation
Australia

Moldova
1x
Year Consumer prices inflation
Australia Moldova
2024 3.16% 4.68%
2023 5.6% 13.4%
2022 6.59% 28.7%
2021 2.86% 5.11%
2020 0.85% 3.77%
2019 1.61% 4.84%
2018 1.91% 3.05%
2017 1.95% 6.57%
2016 1.28% 6.36%
2015 1.51% 9.68%
2014 2.49% 5.09%
2013 2.45% 4.6%
2012 1.76% 4.55%
2011 3.3% 7.69%
2010 2.92% 7.48%
2009 1.77% -0.06%
2008 4.35% 12.8%
2007 2.33% 12.4%
2006 3.56% 12.8%
2005 2.69% 12%
2004 2.34% 12.5%
2003 2.73% 11.7%
2002 2.98% 5.3%
2001 4.41% 9.76%
2000 4.46% 31.3%
1999 1.48% 39.3%
1998 0.86% 7.7%
1997 0.22% 11.8%

Data sources: World Bank | Economy & Growth (1997–2024, retrieved 2026-04-06).

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

Over the past 28 years, Australia has recorded an average annual inflation rate of 2.66%, compared with 10.5% in Moldova. In 2024, inflation was 3.16% in Australia and 4.68% in Moldova.

Top exports between countries

Australia
Export category Export value
Machinery & equipment $163K
Miscellaneous $12K
Textiles & consumer goods $5K
Chemicals & pharma $4K
Raw materials & minerals $4K
Wood & paper products $2K
Moldova
Export category Export value
Textiles & consumer goods $814K
Raw agricultural goods $488K
Processed food, beverages & tobacco $172K
Machinery & equipment $72K
Chemicals & pharma $27K
Animal & marine products $7K
Precious metals & jewellery $1K
Wood & paper products $1K

Balance of trade

Australia Moldova
Current account balance
-$34.8B
2024
-$3.01B
2024
Current account balance ranking
187/190
2024
156/190
2024
Current account balance, % of GDP
-1.98%
2024
-16.6%
2024
Goods imports
$297B
2024
$8.63B
2024
Goods exports
$341B
2024
$3.01B
2024
Service imports
$109B
2024
$1.8B
2024
Service exports
$84.1B
2024
$2.73B
2024
Imports of goods and services, % of GDP
22.5%
2024
57.3%
2024
Exports of goods and services, % of GDP
24.6%
2024
31.4%
2024

Economic freedom indices

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

Australia Moldova
Economic freedom 80.1 58.1
Economic freedom ranking 5/197 112/197
Property rights 88.2 40.4
Government integrity 88.1 45.1
Judicial effectiveness 96.3 32.4
Tax burden 61.8 87.9
Government spending 56.6 57.2
Fiscal health 89 70.3
Business freedom 92.3 68.3
Labor freedom 61.5 48.1
Monetary freedom 77.2 66
Trade freedom 89.8 76.8
Investment freedom 80 55
Financial freedom 80 50

Economic freedom comparison by year

Australia
Moldova
1x
Year Economic freedom index
Australia Moldova
2026 80.1 58.1
2025 79.3 58.3
2024 76.2 57.1
2023 74.8 58.5
2022 77.7 61.3
2021 82.4 62.5
2020 82.6 62
2019 80.9 59.1
2018 80.9 58.4
2017 81 58
2016 80.3 57.4
2015 81.4 57.5
2014 82 57.3
2013 82.6 55.5
2012 83.1 54.4
2011 82.5 55.7
2010 82.6 53.7
2009 82.6 54.9
2008 82.2 57.9
2007 81.1 58.7
2006 79.9 58
2005 79 57.4
2004 77.9 57.1
2003 77.4 60
2002 77.3 57.4
2001 77.4 54.9
2000 77.1 59.6
1999 76.4 56.1
1998 75.6 53.5
1997 75.5 48.9
1996 74 52.5
1995 74.1 33

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

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

The Economic Freedom Index for Australia is 80.1, ranking 5/197, compared to 58.1 for Moldova, ranking 112/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Australia Moldova
Services, % of GDP
66.1%
2024
62.3%
2024
Industry, % of GDP
25.5%
2024
16.8%
2024
Agriculture, forestry, and fishing, % of GDP
2.04%
2024
7.11%
2024
GNI, Atlas method
$1.7T
2024
$16.5B
2024
GNI per capita, PPP
$69,600
2024
$18,710
2024
Total reserves including gold
$60.4B
2024
$5.48B
2024
Total reserves ranking
39/177
2024
96/177
2024
Net foreign direct investment
-$39.2B
2024
-$360M
2024
Net inflows of foreign direct investment
$53.4B
2024
$458M
2024
Net outflows of foreign direct investment
$13.9B
2024
$98.4M
2024
Servicing debt to the IMF, % of GNI n/a
6.22%
2024
Poverty at national poverty lines n/a
31.6%
2023
Gross capital formation, % of GDP
24.3%
2024
21.1%
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/moldova | 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)

Creative Commons Attribution (CC BY) — you’re free to copy, share, remix, adapt, and use even commercially as long as you give appropriate credit and clearly indicate if you made changes. Other sources may be subject to different license terms.

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.