Gilchrist was one of five Wisden Cricketers of the Year for 2002, and Australia's One-day International Player of the Year in 2003 and 2004. He was awarded the Allan Border Medal in 2003, and was the only Australian cricketer who was a current player at the time to have been named in "Richie Benaud's Greatest XI" in 2004. He was selected in the ICC World XI for the charity series against the ACC Asian XI, 2004–05, was voted as "World's Scariest Batsman" in a poll of international bowlers, and was named as wicket-keeper and opening batsman in Australia's "greatest ever ODI team." In a poll of over ten thousand people hosted in 2007 by ESPNcricinfo, he was voted the ninth greatest all-rounder of the last one hundred years. A panel of prominent cricket writers selected him in Australia's all-time best XI for ESPNcricinfo.