Source
Central bank

Reserve Bank of Australia

International Reserves

US$ 58.415 billion (Source: IMF; Data updated: 2014)

Gross Domestic Product - GDP

US$ 1.436 trillion (2014 estimate)

GDP (Purchasing Power Parity)

1.041 trillion of International dollars (2014 estimate)

Real GDP growth
2003 2004 2005 2006 2007 2008 2009 2010
3.2% 3.6% 3.1% 2.7% 4.5% 2.7% 1.5% 2.2%
2011 2012 2013 2014*        
2.6% 3.6% 2.4% 2.6%        

*Estimate

GDP per capita - current prices

US$ 61,137 (2014 estimate)

GDP per capita - PPP

$44,346 International Dollars (2014 estimate)

GDP (PPP) - share of world total
1980 1990 2000 2010 2014*
1.28% 1.30% 1.23% 1.16% 1.14%

*Estimate

 
 
Source
GDP - composition by sector
  • agriculture: 3.8% 
  • industry: 27.4% 
  • services: 68.7% (2013 estimate)
Gross domestic expenditure on R&D; (% of GDP)

2.2% (2011)

Inflation
2011 2012 2013 2014*
3.3% 1.8% 2.5% 2.3%

*Estimate

Unemployment rate
2011 2012 2013 2014*
5.1% 5.2% 5.7% 6.2%

*Estimate

Household saving rates

9.8% (Net saving; 2014 forecast)

 

Public debt (General government gross debt as a % of GDP)
2010 2011 2012 2013 2014*
20.5% 24.3% 27.2% 28.8% 30.8%

*Estimate

Public deficit (General government net lending/borrowing as a % of GDP)
2010 2011 2012 2013 2014%
-5.1% -4.4% -3.7% -3.7% -3.4%

*Estimate  

Government bond ratings

Standard & Poor's: AAA

Moody's rating: Aaa

Moody's outlook: STA

(Foreign Currency Government Bond Ratings; Data last updated Sept 2014)

Market value of publicly traded shares
2010* 2011 2012**
US$1.455 trillion US$1.198 trillion US$NA

  *2010 Estimate   **2012 Estimate  

Largest companies in Australia

BHP Billiton, Commonwealth Bank Westpac Banking Group, National Australia Bank, ANZ, Wesfarmers, Telstra, Woolworths, AMP, Macquarie Group, Fortescue Metals Group, Suncorp Group, Woodside Petroleum, Insurance Australia Group, Westfield Group, QBE Insurance Group, Origin Energy, CSL, Amcor Brambles, Lend Lease Group, Santos, Caltex Australia, Westfield Retail Trust, Orica, AGL Energy, Qantas Airways, Stockland Australia, Crown Resorts, Bendigo & Adelaide Bank, Aurizon Holdings, Nine Entertainment Co., Holdings Pty, Bank of Queensland, Metcash, Newcrest Mining, GPT Group

 
 
Source
Current account balance

US$ -37.6 billion (2014 estimate)

Current account balance by percentage of GDP

-2.619% of GDP (2014 estimate)

Exports as percent of GDP(Exports of goods and services)

19.8% (2013)

(Data released on Oct 2014)

Shares in world total merchandising export

1.39% (2012)

(Data were released in March 2014)

Shares in world total commercial services export

1.19% (2012)

(Data released in 2014)

Total exports

US$251.7 billion (2013 estimate) 

Export commodities

coal, iron ore, gold, meat, wool, alumina, wheat, machinery and transport equipment

Total imports

US$245.8 billion (2013 estimate) 

 
 
Source
Import commodities

machinery and transport equipment, computers and office machines, telecommunication equipment and parts; crude oil and petroleum products

Exports - major partners

China 29.5%, Japan 19.3%, South Korea 8%, India 4.9% (2012)

Imports - major partners

China 18.4%, US 11.7%, Japan 7.9%, Singapore 6%, Germany 4.6%, Thailand 4.2%, South Korea 4.1% (2012)

FDI inflows
2011 2012 2013
US$ 65,209 million US$ 55,518 million US$ 49,826 million  
FDI outflows
2011 2012 2013  
US$ 8,702 million US$ 6,212 million US$ 6,364 million  
Value of cross-border M&A;, by country of purchaser
2010 2011 2012 2013
US$ 15,623 million US$ 6,453 million US$ -7,023 million US$ -5,260 million
Cross-border M&A; deals worth over $3 billion completed in 2012 (Acquiring company, Acquired company, Country of the acquired company, Value of the deal)

N/A
 

(for a monthly update on M&A; click here )

Cross-border M&A; deals worth over $3 billion completed in 2013 (Acquiring company, Acquired company, Country of the acquired company, Value of the deal)

N/A

(for a monthly update on M&A; click here )

Best countries for doing business World Bank/IFC Doing Business Project

Economies are ranked on their ease of doing business, from 1 - 189. A high ranking means the regulatory environment is more conducive to the starting and operation of a local firm.

Overall ranking: 11 out of 189 countries (2013)

Subcategories:

Starting a business: 4 out of 189 countries

Enforcing Contracts: 14 out of 189 countries

Registering Property: 40 out of 189 countries

Getting credit: 3 out of 189 countries

Protecting investors: 68 out of 189 countries

Trading across border: 46 out of 189 countries

Paying Taxes: 44 out of 189 countries

Dealing with Construction Permits: 10 out of 189 countries

Getting Electricity: 34 out of 189 countries

Resolving Insolvency: 18 out of 189 countries

(2013)

Global competitiveness ranking(ranking by country on a basis of 144, the first is the best)

22

(2014-2015)

 

 

Index of Economic FreedomWSJ and Heritage Foundation

Ranking: 3 Score: 82 (Free) (2014)

(100=totally free 0=totally repressed )

 
 
Source
Time zone

UTC+10 (3 time zones)

Total area

7,741,220 sq km

Capital

Canberra

Currency

Australian dollars (AUD)

Government type

federal parliamentary democracy and a Commonwealth realm

Languages

English 76.8%, Mandarin 1.6%, Italian 1.4%, Arabic 1.3%, Greek 1.2%, Cantonese 1.2%, Vietnamese 1.1%, other 10.4%, unspecified 5% (2011 est.)

Religions

Protestant 28.8% (Anglican 17.1%, Uniting Church 5.0%, Presbyterian and Reformed 2.8%, Baptist, 1.6%, Lutheran 1.2%, Pentecostal 1.1%), Catholic 25.3%, Eastern Orthodox 2.6%, other Christian 4.5%, Buddhist 2.5%, Muslim 2.2%, Hindu 1.3%, other 8.4%, unspecified 2.2%, none 22.3%  note: percentages add up to more than 100% due to rounding (2006 est.)

Total population
1990 2000 2010 2014* 2019**
17.17 million 19.141 million 22.172 million 23.485 million 24.966 million

*Estimate    **Forecast

 
 
Source
Urban population as % of total population
1960 1980 2000 2013
81.5% 86% 87% 89%
Population median age

38.3 years (est. 2014)

Population growth rate

1.09% (2014 est.)

Life expectancy

82.07 years (2014 est.)

Adult literacy

99% (2003 estimate)

% of population living on less than $2 a day

N/A

Inequality of wealth distribution (Gini index)

N/A

Freedom House rating

Political Rights: 1
Civil Liberties: 1 (2014)

(1 represents the most free, 7 the least free)

Total telephone subscribers as % of population

Fixed 44.3%   Mobile 106.8%
(2013)
(fixed-telephone subscribers and mobile-cellular subscribers)

Internet users as % of total population

83.00% (2013)

Cost of living - Mercer index(ranking by city on a basis of 214; the 1st is the most expensive and the 214th is the least expensive)

Canberra 53rd (2014)

CO2 emissions(Metric tons of CO2 per capita)

16.9 (2010)

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