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measuring worth australian gdp home citations about us contact us support our work the comparators annualized growth rates purchasing power today us relative values us relative values uk relative values australia and relative values spain conversion and purchasing power uk savings growth us 401k ira growth us inflation rates stock growth rates djia sp500 nasdaq the datasets graph any two datasets gdp us cpi us wage us consumer bundle us gdp uk rpi earnings uk gdp prices wages spain gdp prices stocks australia wages australia annual s p index daily dja price of gold interest rates us uk dollar exchange rates dollar pound exchange rate user aids guide essays tutorials glossary faq blog sign up for announcements what were australian gdp cpi stock index or population then annual observations in table and graphical format for years 1789 to present each year uses the australian financial year july 1 june 30 eg 2024 july 1 2023 june 30 2024 the current real gdp is measured in the prices of the 2023 fiscal year what was australian nominal gdp australian real gdp australian gdp deflator australian nominal gdp per capita australian real gdp per capita australian population australian cpi australian stock index initial year desired year select intial and ending years within 1789 to present retrieve why not the latest observations we use annual data for our computations therefore it is necessary to have an annual observation for both the initial year and the desired year for the indices based on gdp it is only after the year is over that gdp can be measured for price indices the annual observations are usually the average of monthly observations it would not be valid to compare a monthly observation in the current year with an annual observation in an earlier year we have created many of the historical series in measuringworth but the most recent observations are obtained from government agencies the annual cpi and rpi observations are usually published in the first month or two of the next year however the numbers for gdp do not come out until later we strive to get the new numbers up as quickly as possible close the gdp and population series are available for any year or range of years between 1789 and the present the gdp deflator real gdp and real gdp per capita are available from 1828 on the cpi from 1851 and the stock index starts in 1875 until the beginning of the twentieth century the australia colonies were part of the british empire and their official currency was the british pound with federation in 1901 the australian government became responsible for the currency and in 1910 introduced the australian pound consisting of 20 shillings or 240 pence as the nation s official currency until 1931 the australian and british pounds were officially at parity although there were small variations in the market exchange rate in 1966 the official currency was changed to the australian dollar with 100 cents at a conversion rate of one australian pound to two australian dollars data for gdp before 1966 are presented in pounds and those after are in dollars the per capita values are converted to dollars from the beginning as with most long run data sets different series must be spliced together to make them consistent over time this may make the nominal levels slightly different than they are in the source data for information about the construction of these data see australian data gdp gdp deflator cpi and population data sources and methods citation diane hutchinson florian ploeckl ben hogewood and samuel williamson what was the australian gdp or cpi then measuringworth url http www measuringworth com australiadata please let us know if and how this discussion has assisted you in using our calculators measuringworth is a service for calculating relative worth over time home about us contact us support our work copyright measuringworth all rights reserved this work may be used for non profit educational purposes if proper credit is given for other permission please contact us