The population of Australia is 25 million, occupying a land
mass of 2.97 million square miles. Labor force is 12.7 million. Inflation is
1.8%. Labor force by occupation is
services 79.2%, agriculture 2.7%, construction 8.8%, manufacturing 7.4%, mining
1.9%. Unemployment 5.5%.
Australia’s Nominal GDP is $1.315 trillion ranking 13th.
GDP by sector is agriculture 2.2%, construction 8.7%, mining 6.9%,
manufacturing 6% and services 61%. Nominal Per Capita GDP is $58,941 ranking 10th.
Main industries include financial services, insurance,
construction, healthcare, social assistance, mining, scientific and technical
services and manufacturing. Ease of doing business rank 18th.
Exports are $190.2 billion and include iron ore, coal,
petroleum gases, gold, synthetic corundum, wheat, meslin flour, beef, pork,
lamb, goat and wool sold to China 31.6%, Japan 13.9%, EU 7.5%, South Korea
6.7%, US 4.6%, other 35.6%.
Imports are $196.1 billion and include cars, petroleum,
data processing equipment, food, cigars, wine, baked goods from China 23.4%, EU
19.3%, US 11.5%, Japan 7.7%, Thailand 5.7%, other 32.5%.
Government revenue $461 billion, spending $484 billion.
Debt 42.3% of GDP. External debt $1.487 trillion. Foreign reserves $52 billion.
Comments
Australia trades
primarily in Asia with China, Japan, South Korea and Thailand and secondarily
with the US and EU.
Norb Leahy, Dunwoody
GA Tea Party Leader
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