Background

Australia and Canada are both developed economies with significant natural resource sectors. As of the latest data, Canada's GDP is slightly higher than Australia's. Both countries have experienced similar economic growth patterns, influenced by commodity prices, trade relationships, and productivity. The countries diverge in terms of governance, geography, and geopolitical positioning.

Canadian GDP in 2023 was 2.142 trillion USD, with per capita GDP of 53,431.19 USD, with a population of 40.1 million.

Australian GDP in 2023 was 1.728 trillion USD, with per capita GDP of 64,820.91 USD, with a population of 26.66 million.

Resolution Criteria

This market resolves to YES if Australia's nominal GDP (in USD) exceeds Canada's nominal GDP (in USD) on January 1, 2030 (five years from 2025), according to most recent official GDP figures published by a reputable source such as the IMF, World Bank, or the national statistical agencies of either country. The market resolves to NO if Canada's nominal GDP remains higher than Australia's.