Spotlight on Australia: Life and Health Sciences
Australia in 2023
World's largest economies, 2023
Percentage share of total world nominal GDP in US$
4. Germany 4.1%
14. Russia 1.5%
19. Saudi Arabia 0.9%
1. US 24.1%,
18. Netherlands 1.0%
3. Japan 4.8%
5. UK 3.3%,
15. Spain 1.4%.
8. Canada 2.1%-
2. China 19.7%
11. Korea 1.7%
13. Iran 1.6%
7. France 2.8%
20. Taiwan 0.8%
17. Mexico 1.2%
9. Italy 2.0%
6. India 3.2%
Source: Austrade Benchmark Report 2022
ASEAN 5.3% (includes 16. Indonesia 1.3%)
-16. Indonesia 1.3%
12. Australia 1.7%
10. Brazil 1.8%
Australia set to become
the world's 12th largest
economy in 2023.
Australia's population
accounts for 0.3% of the
world's population but
she accounts for 1.7% of
the global economy
Equates to A$2.5 trillion
(~£1.7 trillion) nominal
GDP for 2023.View entire presentation