Australia GDP Pie Chart 2024
Australia’s GDP composition 2024 pie chart showing resource-driven economy breakdown. Australia’s economy demonstrated resilience with mining exports and services sector dominance, while maintaining strong ties to Asian markets.
Figure 1: Australia GDP Composition Breakdown 2024 - Pie Chart Visualization
Australia GDP Components Table 2024
Detailed breakdown of Australia’s Gross Domestic Product by expenditure components:
| Component | Amount | Percentage | Pie Chart % |
|---|---|---|---|
| Consumption | $900B | 51.3% | 35.3% |
| Investment | $430B | 24.4% | 16.8% |
| Government | $390B | 22.2% | 15.3% |
| Exports | $430B | 24.7% | 17.0% |
| Imports | $400B | -22.6% | 15.6% |
| Total GDP | $1.75T | 100.0% | 100.0% |
Key Economic Insights: Australia 2024
- Primary Economic Driver: Consumption is the largest component of GDP at 51.3%
- International Trade: Trade surplus with exports at $430B and imports at $400B
- Investment Level: 24.4% of GDP allocated to capital investment
- Economic Scale: Total GDP of $1.75T in 2024
Understanding Australia’s GDP Composition
This australia GDP pie chart visualization breaks down the four main components of Gross Domestic Product:
- Consumption - Household and consumer spending
- Investment - Business capital expenditure and investments
- Government - Public sector spending and services
- Net Exports - Exports minus imports of goods and services
Methodology and Data Sources
The GDP composition data follows the expenditure approach calculation method and is sourced from World Development Indicators (World Bank). Pie chart percentages are normalized to sum to 100% for clear visual representation.
Note: Due to statistical discrepancies in data collection and rounding, the sum of individual components may not exactly equal the total GDP. Data represents the most recent available figures for 2024.