Australia is one of the least densely populated countries on earth with over 80% of its population living within 25 miles of the coast – mostly in the southeast of the country.
Key Statistics
Official Name – Commonwealth of Australia
Capital – Canberra
Independence – 1901
Population – 22,940,364
Total Area – 7,617,930 km
Language Spoken – English, Mandarin, Italian, Arabic, Cantonese, Greek, Vietnamese.
Climate –
- Summer (Dec/Feb) 19 – 26
- Autumn (Mar/May) 15 – 22
- Winter (Jun/Aug) 8 – 16
- Spring (Sept/Nov) 13 – 22
Economic Outlook
Currency – Australian dollar (AUD)
Central Bank – Reserve Bank of Australia
GDP – 954,296 Billion US$
Inflation – 2.7%
Unemployment Rate – 5.2%
GDP Composition by Sector –
- Agriculture: 4%
- Industry: 25.6%
- Services: 70.4% (2011 estimate)
Major Industries By Rating –
In recent years Australia has moved from being a primary producer to a largely service-based economy particularly the rapidly developing tourist industry.
- Brewing
- Car Manufacture
- Chemicals
- Coal
- Electronics
- Engineering
- Food Processing
- Mining
- Oil & Gas
- Tourism
Biggest Companies in Australia are as following –
- Westpac Banking Group (Major Banks)
- BHP Billiton (Diversified Metals & Mining)
- Commonwealth Bank (Major Banks)
- National Australia Bank (Major Banks)
- ANZ Banking (Major Banks)
- Telstra (Telecommunications services)
- Wesfarmers (Food Retail)
The Major Export Items & Its classification are as follow –
- Coal
- Iron ore
- Gold
- Meat wool
- Alumina
- Wheat
Source –
GDP
http://www.imf.org/external/pubs/ft/weo/2012/01/index.htm
Central Bank
GDP Composition by Sector
https://www.cia.gov/library/publications/the-world-factbook/
Inflation
http://www.imf.org/external/pubs/ft/weo/2012/01/index.htm
Unemployment Rate
http://www.imf.org/external/pubs/ft/weo/2012/01/index.htm
Biggest Companies
The Major Export Items & Its Classification
https://www.cia.gov/library/publications/the-world-factbook/
