UK vs Australia: house prices, GDP per person and GDP compared
OECD figures for 2025 put the UK's house price-to-income ratio at 115.7 (100 = long-term average), lower than Australia's 147.9 (100 = long-term average). On IMF figures, the UK's GDP per head in 2025 was $65,758; Australia's was $72,108. In 2025 the IMF gives $4.01 trillion for the UK's GDP and $1.84 trillion for Australia.
Price-to-income ratio, standardised
OECD figures for 2025 put the UK's house price-to-income ratio at 115.7 (100 = long-term average), lower than Australia's 147.9 (100 = long-term average). The UK's figure was not higher than Australia's in any year from 2015 to 2025.
| Year | UK | Australia |
|---|---|---|
| 2025 | 115.7 (100 = long-term average) | 147.9 (100 = long-term average) |
| 2024 | 117.5 (100 = long-term average) | 148.2 (100 = long-term average) |
| 2023 | 123.7 (100 = long-term average) | 144.7 (100 = long-term average) |
| 2022 | 131.9 (100 = long-term average) | 143.0 (100 = long-term average) |
| 2021 | 126.0 (100 = long-term average) | 138.5 (100 = long-term average) |
| 2020 | 121.5 (100 = long-term average) | 123.9 (100 = long-term average) |
| 2019 | 117.7 (100 = long-term average) | 124.3 (100 = long-term average) |
| 2018 | 120.4 (100 = long-term average) | 132.8 (100 = long-term average) |
| 2017 | 120.8 (100 = long-term average) | 138.7 (100 = long-term average) |
| 2016 | 118.1 (100 = long-term average) | 129.7 (100 = long-term average) |
| 2015 | 111.4 (100 = long-term average) | 123.4 (100 = long-term average) |
The OECD divides each country's nominal house price index by nominal net disposable income per head, then shows the result as a percentage of that country's own long-term average, so 100 means house prices relative to incomes are at their long-term average for that country.
GDP per head, purchasing power parity
On IMF figures, the UK's GDP per head in 2025 was $65,758; Australia's was $72,108. The UK's figure was not higher than Australia's in any year from 2015 to 2025.
| Year | UK | Australia |
|---|---|---|
| 2025 | $65,758 | $72,108 |
| 2024 | $63,492 | $69,754 |
| 2023 | $61,899 | $68,405 |
| 2022 | $60,180 | $66,117 |
| 2021 | $54,009 | $60,478 |
| 2020 | $48,881 | $53,960 |
| 2019 | $50,729 | $53,749 |
| 2018 | $47,780 | $51,429 |
| 2017 | $46,556 | $49,425 |
| 2016 | $44,511 | $48,151 |
| 2015 | $43,480 | $47,218 |
The IMF's GDP per head at purchasing power parity is GDP divided by population, converted into international dollars using purchasing power parities: rates that adjust for differences in price levels between countries, so that a dollar buys the same amount everywhere.
GDP, current prices
In 2025 the IMF gives $4.01 trillion for the UK's GDP and $1.84 trillion for Australia. The UK's figure was higher than Australia's in every year from 2015 to 2025.
| Year | UK | Australia |
|---|---|---|
| 2025 | $4.01 trillion | $1.84 trillion |
| 2024 | $3.71 trillion | $1.80 trillion |
| 2023 | $3.44 trillion | $1.75 trillion |
| 2022 | $3.20 trillion | $1.73 trillion |
| 2021 | $3.21 trillion | $1.66 trillion |
| 2020 | $2.73 trillion | $1.37 trillion |
| 2019 | $2.89 trillion | $1.39 trillion |
| 2018 | $2.91 trillion | $1.42 trillion |
| 2017 | $2.71 trillion | $1.39 trillion |
| 2016 | $2.72 trillion | $1.27 trillion |
| 2015 | $2.95 trillion | $1.24 trillion |
The IMF's GDP in US dollars is the value of all goods and services produced in a country in a calendar year, at that year's prices, converted from the national currency into US dollars at market exchange rates.
More figures for the UK and Australia
| Figure | UK | Australia | Year | Source |
|---|---|---|---|---|
| General government gross debt | 102.1% of GDP | 51.9% of GDP | 2025 | IMF |
| Life expectancy at birth | 81.4 years | 83.1 years | 2024 | World Bank |
| Total tax revenue | 35.0% of GDP | 29.9% of GDP | 2023 | OECD |
| Current health expenditure | 11.4% of GDP | 11.1% of GDP | 2025 | OECD |
| General government expenditure | 43.5% of GDP | 39.6% of GDP | 2025 | IMF |
| Employment rate, ages 15 to 64 | 75.1% | 77.2% | 2025 | OECD |
| Real minimum wage per hour | $17.13 an hour | $16.75 an hour | 2025 | OECD |
| Carbon dioxide emissions per person | 4.22 tonnes | 14.10 tonnes | 2024 | World Bank |
| Gross domestic spending on research and development | 2.8% of GDP | 1.7% of GDP | 2023 | OECD |
Figures are the international body's, for a year both countries share; they can differ from those published by the ONS because they are adjusted for comparison.
Ranked tables with the UK and Australia
- UK GDP compared with other countries
- UK GDP per head compared with other countries
- UK house prices to income compared with other countries
More about Australia: Australia in figures. Compare any two countries with the country comparison tool.
Sources and receipts
- OECD: Analytical house price indicatorsread 2026-10-14 · SHA-256
1508e2fba50db14f…· publisher's page - International Monetary Fund: World Economic Outlook database (IMF DataMapper)read 2026-10-14 · SHA-256
50bf0fd1cc9a9b57…· publisher's page - International Monetary Fund: World Economic Outlook database (IMF DataMapper)read 2026-10-14 · SHA-256
7294ac0b3013e39b…· publisher's page
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