Source
Central bank

Reserve Bank of Australia

International Reserves

USD 52.2 billion (2016)

International Monetary Fund (IMF), data retrieved January 2017

Gross Domestic Product - GDP

USD 1,343.6 billion (2017, estimate)

GDP (Purchasing Power Parity)

Intl$ 1,246.6 billion (2017, estimate)

Real GDP growth
2006 2007 2008 2009 2010 2011 2012
2.7% 4.5% 2.6% 1.8% 2.3% 2.7% 3.6%
2013 2014 2015 2016* 2017*    
2% 2.7% 2.4% 2.9% 2.7%    

*Estimate

GDP per capita - current prices

USD 54,236.0 (2017, estimate)

GDP per capita - PPP

Intl$ 50,321.8 (2017, estimate)

GDP (PPP) - share of world total
1980 1990 2000 2010 2017*
1.20% 1.17% 1.13% 1.05% 1.0%

*Estimate

 
 
Source
GDP - composition by sector
  • agriculture: 3.6% 
  • industry: 28.2% 
  • services: 68.2%

(2016 estimate)

Gross domestic expenditure on R&D; (% of GDP)

2.1% (2013)

OECD, data retrieved January 2017

Inflation
2013 2014 2015 2016* 2017*
2.5% 2.5% 1.5% 1.3% 2.1%

*Estimate

Unemployment rate
2013 2014 2015 2016* 2017*
5.7% 6.1% 6.1% 5.7% 5.7%

*Estimate

Household saving rates

6.8% (Total, 2015)

Public debt (General government gross debt as a % of GDP)
2013 2014 2015 2016* 2017*
30.8% 34.3% 37.6% 40.9% 43.2%

*Estimate

Public deficit (General government net lending/borrowing as a % of GDP)
2013 2014 2015 2016* 2017*
-2.8% -2.9% -2.8% -2.9% -2.5%

*Estimate  

Government bond ratings

Standard & Poor's: AAA

Moody's: Aaa

Standard & Poor's / Moody's (Updated January 2017)

Market value of publicly traded shares
2013 2014 2015
USD 1366 billion USD 1288.7 billion USD 1187.1 billion
Largest companies

Commonwealth Bank, Westpac Banking Group, ANZ, National Australia Bank, Telstra, Wesfarmers, Macquarie Group, BHP Billiton, AMP, Suncorp Group, QBE Insurance Group, Woolworths, Scentre Group, CSL, Westfield, Insurance Australia Group, Amcor, Qantas Airways, Woodside Petroleum, Lend Lease Group, Brambles, Fortescue Metals Group, Caltex Australia, Origin Energy, Goodman Group, Vicinity Centres, Stockland Australia, Transurban Group, AGL Energy, Ramsay Health Care, Bendigo & Adelaide Bank, Newcrest Mining, MAp, GPT Group, Bank of Queensland.

 
 
Source
Current account balance

USD -52.9 billion (2017 estimate)

Current account balance by percentage of GDP

-3.9% (2017 estimate)

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

19.8% (2015)

Shares in world total merchandising export

1.1% (2015)

Shares in world total commercial services export

1.0% (2015)

Total exports

USD 184.3 billion (2016 estimate)

Export commodities

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

Total imports

USD 203.1 billion (2016 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 32.2%, Japan 15.9%, South Korea 7.1%, US 5.4%, India 4.2% (2015)

Imports - major partners

China 23%, US 11.2%, Japan 7.4%, South Korea 5.5%, Thailand 5.1%, Germany 4.6% (2015)

FDI inflows
2013 2014 2015
USD 56,977 million USD 39,615 million USD 22,264 million
FDI outflows
2013 2014 2015
USD 1,581 million USD 3 million USD -16,739 million
Value of cross-border M&A, by country of purchaser
2012 2013 2014 2015
USD -7017.3 million USD -5269.7 million USD 6346.2 million USD 11526.7 million
Cross-border M&A deals worth over $3 billion completed in 2014

N/A

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

Cross-border M&A deals worth over $3 billion completed in 2015

Industry Funds Management Pty Ltd, ITR Concession Co LLC, United States, USD 5.7 billion / APA Group, QCLNG Pipeline Pty Ltd, Australia, USD 4.6 billion

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

Best countries for doing business

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

Overall ranking: 15 out of 190 countries (2016)

Subcategories:

Starting a business: 7 out of 190 countries

Enforcing Contracts: 3 out of 190 countries

Registering Property: 45 out of 190 countries

Getting credit: 5 out of 190 countries

Protecting investors: 63 out of 190 countries

Trading across border: 91 out of 190 countries

Paying Taxes: 25 out of 190 countries

Dealing with Construction Permits: 2 out of 190 countries

Getting Electricity: 41 out of 190 countries

Resolving Insolvency: 21 out of 190 countries

Global competitiveness ranking

22 out of 138 countries

(2016-2017)

Index of Economic Freedom

Ranking: 5 / Score: 80.34 (Free) (2017)

(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

Parliamentary democracy (Federal Parliament) under a constitutional monarchy; 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 30.1% (Anglican 17.1%, Uniting Church 5.0%, Presbyterian and Reformed 2.8%, Baptist, 1.6%, Lutheran 1.2%, Pentecostal 1.1%, other Protestant 1.3%), Catholic 25.3% (Roman Catholic 25.1%, other Catholic 0.2%), other Christian 2.9%, Orthodox 2.8%, Buddhist 2.5%, Muslim 2.2%, Hindu 1.3%, other 1.3%, none 22.3%, unspecified 9.3% (2011 est.)

Total population
1990 2000 2010 2016* 2021*
17.17 million 19.141 million 22.172 million 24.357 million 26.436 million

*Estimate

 
 
Source
Urban population as % of total population
1960 1980 2000 2015
82% 86% 87% 89%
Population median age

38.6 years (2016 estimate)

Population growth rate

1.05% (2016 estimate)

Life expectancy

82.2 years (2016 estimate)

Literacy

N/A

% of population living on less than $3.10 a day

N/A

Inequality of wealth distribution (Gini index)

34.9 (2010)

(0=perfect equality, 100=absolute inequality)

Freedom House rating

Political Rights: 1
Civil Liberties: 1 (2017)

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

Source
Total telephone subscribers as % of population

Fixed 37.95%   Mobile 132.80% (2015)
(fixed-telephone subscribers and mobile-cellular subscribers)

Internet users as % of total population

84.56% (2015)

Mercer Cost of living index

Sydney: 42nd
Perth: 69th
Melbourne: 71st
Brisbane: 96th
Canberra: 98th
Adelaide: 102nd

(2016)

CO2 emissions

16.3 (2013)

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