Australia News

Australia’s GDP Growth per Capita Plunges From 20 to 60th in Global Rankings

Australia’s economic performance plunged from 7th to 16th, while business efficiency took a steeper dive, from 22nd to 37th.
Australia’s GDP Growth per Capita Plunges From 20 to 60th in Global Rankings
Pedestrians move across George Street in the central business district (CBD) in Sydney, Australia, on March 26, 2025. Lisa Maree Williams/Getty Images
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Australia has fallen five spots to 18th place in the World Competitiveness Yearbook 2025, slipping from 13th last year among 69 economies.

The yearbook, released by the International Institute for Management Development (IMD) in partnership with the Committee for Economic Development of Australia (CEDA), attributes the decline to sluggish economic growth and deteriorating business efficiency.

Celene Ignacio
Celene Ignacio
Author
Celene Ignacio is a reporter based in Sydney, Australia. She previously worked as a reporter for S&P Global, BusinessWorld Philippines, and The Manila Times.