Changing Gross Domestic Product per capita in Australia
Gross Domestic Product (GDP) per capita has recovered to pre COVID-19 levels, reaching $80,300 per person in the estimated resident population by the year ending June 2021.
Gross Domestic Product (GDP) per capita has recovered to pre COVID-19 levels, reaching $80,300 per person in the estimated resident population by the year ending June 2021. GDP per capita is a core indicator of economic performance and is commonly used as a broad measure of average living standards or economic wellbeing (i.e., wealth).
Data Topic: AEC Jobs & Economy. GRP per capita
Data Type: Dynamic Topic
Description: The ratio between Gross Regional Product and the total population of a region can be used as an indicator of local wealth.
Reference: AEC (unpublished). Gross Regional Product Model 2020-21. AEC Group, Brisbane | |
ABS (2022). Regional Population Growth, Australia, 2021. Cat no. 3218.0. Australian Bureau of Statistics, Canberra.
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