Among the biggest economies worldwide, Australia ranks 13th, with a gross domestic product (GDP) of approximately 1.38 trillion U.S. dollars in 2017. Its GDP per capita thus amounted to approximately 55,693 U.S. dollars the same year. Australia’s economic growth amounted to 2.22 percent in 2017 and is estimated to increase again. The country's unemployment rate is expected to decline as well.
In 2017, Australia exported goods worth about 321 billion U.S. dollars, and imported goods worth approximately 229 billion U.S. dollars, a significant decline from previous years. Its most important trade partner for import and export is China.