Economic resilience

Metric

The Atlas of Economic Complexity’s Economic Complexity Index.

Why this matters

More diverse economies are more resilient to shocks, and make countries more able to manage and take advantage of structural shifts. The Economic Complexity Index (ECI) ranking attempts to measure the relative diversity of an economy, compared to other countries. It is calculated based on the diversity of exports a country produces and their abundance, or the number of other countries able to produce them.

Progress

In 2021:

Australia was ranked 93rd out of the 133 countries included in the ECI ranking
Australia's ranking indicated it had less economic complexity (relative to other countries) than it did in the 2000s, when its ranking ranged from 66 (in 2007) to 81 (in 2009).

A higher ranking indicates greater economic diversity.

Australia's ranking on the Economic Complexity Index
	Rank (out of 133 countries)
2004	71
2005	67
2006	72
2007	66
2008	81
2009	81
2010	83
2011	81
2012	93
2013	90
2014	93
2015	81
2016	89
2017	93
2018	89
2019	86
2020	89
2021	93

Australia's ranking on the Economic Complexity Index

["","Rank (out of 133 countries)"]

[["2004","2005","2006","2007","2008","2009","2010","2011","2012","2013","2014","2015","2016","2017","2018","2019","2020","2021"],[[71],[67],[72],[66],[81],[81],[83],[81],[93],[90],[93],[81],[89],[93],[89],[86],[89],[93]]]

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Data Source

Harvard Growth Lab's Economic Complexity Index: Country Rankings