Imports$243.4 billion (2011 est.)
Exports$272.1 billion (2011 est.)
Inflation rate (consumer prices)3.4% (2011 est.)
Unemployment rate5.1% (2011 est.)
GDP - per capita (PPP)$40,800 (2011 est.)
National product real growth rate3.3% (2010 est.)
Internet users15.81 million (2009)
Telephones - mobile cellular22.5 million (2009)
Population growth rate1.126% (2012 est.)
Population22,015,576 (July 2012 est.)
Aboriginal settlers arrived on the continent from Southeast Asia about 40,000 years before the first Europeans began exploration in the 17th century.
No formal territorial claims were made until 1770, when Capt.
James COOK took possession of the east coast in the name of Great Britain (all of Australia was claimed as British territory in 1829 with the creation of the colony of Western Australia)....
Australia's abundant and diverse natural resources attract high levels of foreign investment and include extensive reserves of coal, iron ore, copper, gold, natural gas, uranium, and renewable energy sources.
A series of major investments, such as the US$40 billion Gorgon Liquid Natural Gas project, will significantly expand the resources sector.
Australia also has a large services sector and is a significant exporter of natural resources, energy, and food....
The Economist Intelligence Unit
The Liberal-National coalition government will announce its budget for fiscal year 2016/17 (July-June) early, on May 3rd, and is likely to call a double-dissolution election (for the entire Senate and ...
Dun and Bradstreet (Altares)
Report Summary If you are involved in cross-border business, developing relationships or identifying opportunities overseas, you are exposed to the risk associated with a country’s overall political, ...
This report contains detailed forecasts and analysis for Australia, including trade and investment analysis, economic forecasts, political risk assessments and demographic trend analysis. Each ISA Country ...
The RBA reduced the cash policy rate by 25bp in May to 1.75% on the back of low inflation and the appreciation of the A$ so far this year. We look for another rate cut in August. We then expect rates to ...