Australia vs Thailand: Economic Indicators Comparison

Australia with a GDP of $1.4T ranked the 13th largest economy in the world, while Thailand ranked 26th with $505B. By GDP 5-years average growth and GDP per capita, Australia and Thailand ranked 111th vs 86th and 13th vs 89th, respectively.

Gross Domestic Product & Income

StatAustraliaThailand
GDP$1.4T$505B
GDP growth, 1 year2.8%4.1%
GDP growth, 5-years average2.6%3.1%
Population24.5M65.9M
GDP per capita$57k$7.3k
GDP per capita growth1.33%3.8%
Purchasing Power Parity conversion factor1.4312.34
Price level ratio of PPP conversion factor GDP to market exchange rate1.110.38
GDP per capita, PPP adjusted$52k$19k
GNI, Atlas method$1.3T$458.7B
GNI per capita$53k$6.6k
GNI, PPP adjusted$1.3T$1.3T
GNI per capita, PPP adjusted$50k$18k

Financial system and Human development

StatAustraliaThailand
Income Tax Rate45%35%
Corporate Tax Rate30%20%
Inflation, consumer prices2%1.1%
Inflation, GDP deflator1.9%1.4%
Unemployment5.4%0.7%
Economic Freedom Index82.669.4
Personal Freedom Index9.297.42
Human Freedom Index8.737.11
Property Rights Index82.859.5
Judical Effectiveness Index86.148
Business Freedom Index87.883
Fiscal Health Index91.896.4
Labor Freedom Index8463.7
Investment Freedom Index8055
Financial Freedom Index9060
Trade Freedom Index88.283
Monetary Freedom Index86.274
Government Spending Index61.685.9
Tax Burden Index6380.7
Government Integrity Index89.343.4
Corruption Perceptions Index7736
Life expectancy at birth, years82.576.7
Suicide mortality rate, per 100,000 people13.214.4
Mortality caused by road traffic injury, per 100,000 people5.632.7
Intentional homicides, per 100,000 people0.83.2
International tourism, number of arrivals9.2M38.2M

Government debt & reserves

StatAustraliaThailand
Central government debt, % of GDP40.7%42.1%
External debt stocks, % of GNIN/A35.1%
External debt stocksN/A$169.2B
Short-term debt, % of total reservesN/A29.3%
Total debt service, % of exports and primary incomeN/A5.4%
Adjusted net savings including particulate emission damage, % of GNI5.6%14%
Gross savings, % of GDP21.7%32.2%
Gross capital formation, % of GDP24.5%25%
Total reserves including gold$53.9B$205.6B
Foreign direct investment net inflows$60.3B$13.4B

Exports, imports and economic structure

StatAustraliaThailand
Exports of goods and services, % of GDP21.8%66.8%
Imports of goods and services, % of GDP21.4%56.5%
Current account balance (balance of payments)-$29.7B$32.4B
Revenue excluding grants, % of GDP25.7%19.5%
Grants excluding technical cooperation, BoPN/A$90.4M
Personal remittances received$1.9B$7.5B
Industry including construction value added, % of GDP24.1%35%
Agriculture, forestry and fishing value added, % of GDP2.5%8.1%
Charges for the use of intellectual property, payments BoP$3.6B$5.3B
Charges for the use of intellectual property, receipts BoP$973.4M$163M
Expense, % of GDP26.1%18.5%
Government Expenditure, % of GDP35.8%21.7%

Compare with countries close by GDP per capita

Australia vs

CountryGDP
per capita
Population
Liechtenstein
$165k
37.9k
Luxembourg
$117k
626k
Switzerland
$83k
8.47M
Norway
$82k
5.37M
Cayman Islands
$81k
58.4k
Ireland
$79k
4.76M
Iceland
$73k
357k
Qatar
$69k
2.64M
Singapore
$65k
5.89M
United States
$63k
325M
Denmark
$61k
5.83M
Sweden
$55k
10.3M
Netherlands
$53k
17.3M
Austria
$51k
8.81M
Finland
$50k
5.5M
San Marino
$48k
33.4k
Germany
$48k
83.1M
Belgium
$48k
11.4M
Canada
$46k
37.9M
United Arab Emirates
$43k
9.4M
United Kingdom
$43k
66M
Andorra
$42k
76.2k
New Zealand
$42k
4.94M
Israel
$42k
9.09M
France
$41k
66.6M
Japan
$39k
127M
Italy
$34k
60.3M
Kuwait
$34k
4.6M
Bahamas
$32k
395k
Brunei
$32k
429k

Thailand vs

CountryGDP
per capita
Population
Nauru
$9.9k
13.7k
Kazakhstan
$9.8k
18.3M
China
$9.8k
1.41B
Mexico
$9.7k
131M
Turkey
$9.4k
82M
Bulgaria
$9.3k
7M
Brazil
$8.9k
210M
Montenegro
$8.8k
622k
Cuba
$8.8k
11.5M
Lebanon
$8.3k
6.1M
Botswana
$8.3k
2.29M
Dominican Republic
$8.1k
10.4M
Gabon
$8k
2.03M
Dominica
$7.7k
73.9k
Saint Vincent
$7.4k
110k
Serbia
$7.2k
7.02M
Libya
$7.2k
6.68M
Turkmenistan
$7k
5.85M
Peru
$6.9k
29.4M
Colombia
$6.7k
49.1M
South Africa
$6.4k
57.7M
Ecuador
$6.3k
16.6M
Belarus
$6.3k
9.41M
Fiji
$6.3k
906k
Suriname
$6.2k
563k
North Macedonia
$6.1k
2.08M
Bosnia and Herzegovina
$6.1k
3.51M
Namibia
$5.9k
2.53M
Iraq
$5.8k
38.3M
Paraguay
$5.8k
6.81M