Country Idealist Profiles

Australia profile – Economy

Posted in Australia, Australia Basics, Australia General by blopote on July 1, 2008

Most of the rich farmland and good ports are in the east and particularly the southeast, except for the area around Perth in Western Australia. Melbourne, Sydney, Brisbane and Adelaide are the leading industrial and commercial cities. There was considerable industrial development in the last two decades of the 20th cent. While the Australian economy fell into a severe recession in the late 1980s, it experienced an extended period of growth beginning in the 1990s. It then suffered somewhat from the Asian economic slump of the 1990s and from the “Big Dry” drought of the early 21st cent

Economic summary: GDP/PPP (2007 est.): $766.8 billion; per capita $37,500.

PBI per capita: 19,0 millones de dólares

Real growth rate: 4%.

Inflation: 3%.

Unemployment: 4.4%.

Arable land: 6.15%.

Agriculture: wheat, barley, sugarcane, fruits; cattle, sheep, poultry.

Labor force: 10.9 million; agriculture 3.6%, industry 21.2%, services 75.2% (2007 est.).

Industries: mining, industrial and transportation equipment, food processing, chemicals, steel.

Natural resources: bauxite, coal, iron ore, copper, tin, gold, silver, uranium, nickel, tungsten, mineral sands, lead, zinc, diamonds, natural gas, petroleum.

Exports: $139.4 billion (2007 est.): coal, gold, meat, wool, alumina, iron ore, wheat, machinery and transport equipment.

Imports: $152.7 billion (2007 est.): machinery and transport equipment, computers and office machines, telecommunication equipment and parts; crude oil and petroleum products.

Major trading partners: China, U.S., Japan, Singapore, Germany (2006).

Communications: Telephones: main lines in use: 9.94 million (2006); mobile cellular: 19.76 million (2006).

Radio broadcast stations: AM 262, FM 345, shortwave 1 (1998). Television broadcast stations: 104 (1997). Internet hosts: 9.458 million (2007). Internet users: 15.3 million (2006).


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