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Economy of Australia vs Yemen compared: GDP & Debt

Updated on by Georank team

Australia has a GDP of $1.76T compared to $21.6B for Yemen, ranking 14/197 and 125/197 by economy size, respectively.

Australia has $891B in government debt (50.7% of GDP), compared to $18.8B (70.9% of GDP) in Yemen.

Australia vs Yemen GDP by year

Australia
Yemen
1x
Year GDP, current $
Australia Yemen
2024 $1,757,022,451,653 -
2023 $1,734,451,264,656 -
2022 $1,695,627,535,476 -
2021 $1,560,617,493,203 -
2020 $1,333,336,461,648 -
2019 $1,398,349,602,956 -
2018 $1,433,144,978,762 $21,606,160,663
2017 $1,330,890,554,614 $26,842,229,045
2016 $1,211,588,128,418 $31,317,825,274
2015 $1,356,805,839,936 $42,444,490,074
2014 $1,474,677,007,566 $43,228,585,321
2013 $1,583,737,461,925 $40,415,233,436
2012 $1,552,728,401,402 $35,401,331,610
2011 $1,402,939,868,653 $32,726,417,878
2010 $1,152,566,632,022 $30,906,749,533
2009 $931,761,689,771 $25,130,278,213
2008 $1,058,448,244,064 $26,910,855,807
2007 $856,603,595,823 $21,650,528,674
2006 $749,708,370,333 $19,063,143,370
2005 $696,811,489,613 $16,731,566,717
2004 $615,643,050,221 $13,867,634,371
2003 $468,517,181,130 $11,777,532,662
2002 $396,436,967,263 $10,693,430,511
2001 $380,360,222,861 $9,852,990,693
2000 $416,901,962,163 $9,679,316,770
1999 $390,347,787,943 $7,639,325,296
1998 $400,361,527,505 $6,322,175,566
1997 $436,321,902,767 $6,838,298,531
1996 $401,962,517,479 $6,496,163,616
1995 $368,725,126,225 $12,796,345,679
1994 $323,269,456,935 $28,019,483,764
1993 $312,568,858,910 $21,736,802,664
1992 $325,982,966,981 $17,959,367,194
1991 $326,416,407,861 $14,665,445,462
1990 $311,840,666,465 $12,643,821,569
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/yemen | CC BY

GDP per capita in Australia vs Yemen by year

Australia
GDP per capita

GDP per capita, PPP
Yemen
GDP per capita

GDP per capita, PPP
1x
Year Current $
Australia Yemen
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $64,604 $72,111 - -
2023 $65,058 $72,273 - -
2022 $65,170 $66,103 - -
2021 $60,759 $58,327 - -
2020 $51,983 $54,184 - -
2019 $55,195 $52,886 - -
2018 $57,410 $50,371 $634 -
2017 $54,118 $48,565 $811 -
2016 $50,084 $47,446 $975 -
2015 $56,970 $46,465 $1,362 -
2014 $62,817 $47,109 $1,430 -
2013 $68,477 $46,123 $1,379 $3,164
2012 $68,301 $43,007 $1,245 $3,005
2011 $62,799 $42,153 $1,186 $3,113
2010 $52,314 $39,504 $1,155 $3,603
2009 $42,955 $40,434 $969 $3,411
2008 $49,811 $37,616 $1,072 $3,370
2007 $41,128 $36,708 $890 $3,294
2006 $36,659 $34,890 $810 $3,205
2005 $34,535 $33,090 $734 $3,113
2004 $30,886 $31,815 $628 $2,949
2003 $23,758 $30,167 $549 $2,844
2002 $20,335 $29,080 $513 $2,768
2001 $19,734 $27,688 $487 $2,702
2000 $21,909 $26,585 $493 $2,624
1999 $20,750 $25,531 $401 $2,492
1998 $21,516 $24,386 $343 $2,442
1997 $23,683 $23,142 $383 $2,351
1996 $22,056 $22,134 $375 $2,268
1995 $20,479 $21,050 $764 $2,201
1994 $18,156 $20,174 $1,735 $2,115
1993 $17,725 $19,220 $1,397 $2,013
1992 $18,650 $18,259 $1,198 $1,963
1991 $18,885 $17,839 $1,016 $1,843
1990 $18,274 $17,385 $910 $1,742
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/yemen | CC BY

Australia's GDP per capita is $64,604, ranking 14/197, compared to $634 in Yemen, ranking 191/197. Adjusted for purchasing power (GDP per capita PPP), Australia ranks 22nd at $72,111, while Yemen ranks 178th at $3,164.

Economic indicators

Australia Yemen
Gross domestic product
$1.76T
2024
$21.6B
2018
GDP rank
14/197
2024
125/197
2018
GDP growth
1.37%
2023-2024
0.75%
2017-2018
GDP per capita
$64,604
2024
$634
2018
GDP per capita rank
14/197
2024
191/197
2018
GDP per capita, PPP
$72,111
2024
$3,164
2013
GDP per capita PPP rank
22/197
2024
178/197
2013
Government debt
$891B
2024
$18.8B
2018
Debt-to-GDP ratio
50.7%
2024
70.9%
2024
Government debt per person
$32,764
2024
$551
2018
Government debt per person rank
22/185
2024
165/185
2018
Average annual personal income after taxes
$49,463
2026
$1,127
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
29.4%
2014
Income share by poorest 10%
2.7%
2020
3%
2014
Government expenditure, % of GDP
38.9%
2024
8.91%
2024
Consumer prices inflation
3.16%
2023-2024
33.9%
2023-2024
Central bank interest rate
3.6%
2025
n/a
Unemployment rate
3.94%
2024
13.5%
2014
Population
27799169
43325643

Spending and national debt comparison by year

Australia
Spending

Debt
Yemen
Spending

Debt
1x
Year % of GDP
Australia Yemen
Government spending Government debt Government spending Government debt
2024 38.9% 50.7% 8.91% 70.9%
2023 37.6% 49.6% 11.8% 77.9%
2022 37.6% 50.2% 12.2% 65.3%
2021 41.8% 55.5% 8.22% 75.9%
2020 44.4% 57.1% 10.6% 87%
2019 38.9% 46.7% 13.2% 91.5%
2018 36.9% 41.8% 14.3% 86.9%
2017 36.8% 41.2% 8.39% 83.8%
2016 37.3% 40.6% 16.1% 76.5%
2015 37.3% 37.7% 19.4% 57.7%
2014 36.7% 34% 27.8% 48.9%
2013 36.4% 30.5% 30.8% 48.4%
2012 36.5% 27.5% 36.2% 47.6%
2011 36.3% 24% 29.8% 45.7%
2010 37% 20.3% 30.2% 42.4%
2009 37.8% 16.6% 35.2% 49.8%
2008 35.1% 11.7% 41.2% 36.4%
2007 34.3% 9.67% 40.3% 40.4%
2006 34.5% 9.94% 37.4% 40.8%
2005 34.6% 10.9% 36.8% 43.8%
2004 34.8% 11.9% 34.2% 52.1%
2003 34.9% 13.2% 35.3% 56.8%
2002 34.9% 15% 30.8% 57.8%
2001 35.6% 17.1% 30.5% 60.6%
2000 35.2% 19.5% 31.7% 60.8%
1999 36.2% 22.5% 28.2% 96.1%
1998 34.6% 23.7% 34.3% 110.6%
1997 32.8% 25.9% 34.2% 74.2%
1996 33.5% 29.3% 30.7% 114.9%
1995 33.7% 31.1% 24.1% 84.1%
1994 33.7% 31.7% 25.2% 73.3%
1993 34.1% 30.7% 25.8% 76.7%
1992 34.1% 27.6% 24.6% 78%
1991 33.1% 21.6% 24.7% 82.7%
1990 30.5% 16.4% 26.6% 91.6%
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 (1960–1998, retrieved 2026-02-20).

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

In 2024, Australia's government spending was $684B, accounting for 38.9% of its GDP, while Yemen spent $3.08B, or 8.91% of GDP.

Debt-to-GDP ratio is 50.7% in Australia and 70.9% in Yemen, ranking 104/185 and 55/185, respectively.

Government deficit by year

Deficit/surplus
Australia

Yemen
1x
Year Deficit/surplus, % of GDP
Australia Yemen
2024 -2.25% -2.48%
2023 -1.27% -5.63%
2022 -2.21% -2.15%
2021 -6.37% -0.89%
2020 -8.73% -4.3%
2019 -4.41% -5.89%
2018 -1.26% -7.85%
2017 -1.72% -4.9%
2016 -2.42% -8.51%
2015 -2.79% -8.75%
2014 -2.92% -4.14%
2013 -2.81% -6.9%
2012 -3.51% -6.32%
2011 -4.53% -4.51%
2010 -5.12% -4.06%
2009 -4.56% -10.2%
2008 -1.1% -4.53%
2007 1.47% -7.18%
2006 1.77% 1.19%
2005 1.71% -1.82%
2004 1.32% -2.15%
2003 1.05% -4.2%
2002 0.19% -0.56%
2001 -0.03% 2.79%
2000 1.25% 6.09%
1999 0.67% 0.06%
1998 -0.25% -7.77%
1997 -0.49% -1.5%
1996 -1.46% -0.92%
1995 -2.6% -5.74%
1994 -3.79% -14%
1993 -4.73% -12.8%
1992 -4.74% -10.9%
1991 -2.79% -5.76%
1990 -0.23% -10.3%
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/yemen | CC BY

In 2018, Australia's government deficit, the difference between spending and revenue, was $18B, equivalent to 1.26% of GDP. This compares to Yemen's deficit of $1.7B, or 7.85% of GDP.

Over the past 29 years, Australia recorded a fiscal deficit in 21 of those years, while Yemen ran a deficit in 25 years. On average, Australia posted an annual deficit equal to 1.53% of GDP, compared to deficit of 5.04% of GDP for Yemen.

Inflation comparison by year

Inflation
Australia

Yemen
1x
Year Consumer prices inflation
Australia Yemen
2024 3.16% 33.9%
2023 5.6% 0.9%
2022 6.59% 29.5%
2021 2.86% 31.5%
2020 0.85% 21.7%
2019 1.61% 15.7%
2018 1.91% 33.6%
2017 1.95% 30.4%
2016 1.28% 21.3%
2015 1.51% 22%
2014 2.49% 8.2%
2013 2.45% 11%
2012 1.76% 9.9%
2011 3.3% 19.5%
2010 2.92% 11.2%
2009 1.77% 3.7%
2008 4.35% 19%
2007 2.33% 7.9%
2006 3.56% 10.8%
2005 2.69% 9.9%
2004 2.34% 12.5%
2003 2.73% 10.8%
2002 2.98% 12.2%
2001 4.41% 11.9%
2000 4.46% 11%
1999 1.48% 7.9%
1998 0.86% 11.5%
1997 0.22% 4.6%

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/yemen | CC BY

Over the past 28 years, Australia has recorded an average annual inflation rate of 2.66%, compared with 15.5% in Yemen. In 2024, inflation was 3.16% in Australia and 33.9% in Yemen.

Top exports between countries

Australia
Export category Export value
Raw agricultural goods $466M
Animal & marine products $2.06M
Chemicals & pharma $1.22M
Processed food, beverages & tobacco $437K
Wood & paper products $199K
Machinery & equipment $47K
Yemen
Export category Export value
Processed food, beverages & tobacco $43K
Raw agricultural goods $17K

Balance of trade

Australia Yemen
Current account balance
-$34.8B
2024
-$2.42B
2016
Current account balance ranking
187/190
2024
148/190
2016
Current account balance, % of GDP
-1.98%
2024
-7.72%
2016
Goods imports
$297B
2024
$6.8B
2016
Goods exports
$341B
2024
$473M
2016
Service imports
$109B
2024
$1.46B
2016
Service exports
$84.1B
2024
$466M
2016
Imports of goods and services, % of GDP
22.5%
2024
47.3%
2018
Exports of goods and services, % of GDP
24.6%
2024
8.76%
2018

Economic freedom indices

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

Australia Yemen
Economic freedom 80.1 53.7
Economic freedom ranking 5/197 138/197
Property rights 88.2 3.5
Government integrity 88.1 6.2
Judicial effectiveness 96.3 9.9
Tax burden 61.8 93.7
Government spending 56.6 0
Fiscal health 89 71.2
Business freedom 92.3 31.3
Labor freedom 61.5 31.2
Monetary freedom 77.2 48.1
Trade freedom 89.8 67.4
Investment freedom 80 50
Financial freedom 80 30

Economic freedom comparison by year

Australia
Yemen
1x
Year Economic freedom index
Australia Yemen
2026 80.1 -
2025 79.3 -
2024 76.2 -
2023 74.8 -
2022 77.7 -
2021 82.4 -
2020 82.6 -
2019 80.9 -
2018 80.9 -
2017 81 -
2016 80.3 -
2015 81.4 53.7
2014 82 55.5
2013 82.6 55.9
2012 83.1 55.3
2011 82.5 54.2
2010 82.6 54.4
2009 82.6 56.9
2008 82.2 53.8
2007 81.1 54.1
2006 79.9 52.6
2005 79 53.8
2004 77.9 50.5
2003 77.4 50.3
2002 77.3 48.6
2001 77.4 44.3
2000 77.1 44.5
1999 76.4 43.3
1998 75.6 46.1
1997 75.5 48.4
1996 74 49.6
1995 74.1 49.8

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

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

The Economic Freedom Index for Australia is 80.1, ranking 5/197, compared to 53.7 for Yemen, ranking 138/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Australia Yemen
Services, % of GDP
66.1%
2024
41.8%
2018
Industry, % of GDP
25.5%
2024
25.4%
2018
Agriculture, forestry, and fishing, % of GDP
2.04%
2024
28.7%
2018
GNI, Atlas method
$1.7T
2024
$25.3B
2018
GNI per capita, PPP
$69,600
2024
$3,020
2013
Total reserves including gold
$60.4B
2024
$1.25B
2022
Total reserves ranking
39/177
2024
139/177
2022
Net foreign direct investment
-$39.2B
2024
$15.4M
2015
Net inflows of foreign direct investment
$53.4B
2024
-$371M
2019
Net outflows of foreign direct investment
$13.9B
2024
$0
2024
Servicing debt to the IMF, % of GNI n/a
0.53%
2018
Poverty at national poverty lines n/a
48.6%
2014
Gross capital formation, % of GDP
24.3%
2024
6.18%
2018

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/yemen | 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 (1901–1998, 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 (2015–2024, 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.