Among the biggest economies worldwide, Australia ranks 13th, with a gross domestic product (GDP) of approximately 1.26 trillion U.S. dollars in 2016. Its GDP per capita thus amounted to approximately 51,737 U.S. dollars the same year. Australia’s economic growth amounted to 2.52 percent in 2016, and is estimated to increase again. The country's unemployment rate is expected to decline at the same time.
In 2016, Australia exported goods worth about 190 billion U.S. dollars, and imported goods worth approximately 196 billion U.S. dollars, a significant decline from previous years. Its most important trade partner for import and export is China.