Ivan Kushnir

Economy of Australia Ivan Kushnir

This book about the economy of Australia from the 1970s to the 2010s. Source data from UN Data.

Size. In the 2010s, the GDP of Australia was equal to $1.4 trillion per year; the value of agriculture was $32.7 billion; the value of manufacturing was $89.5 billion. Since the share in the world is between 1% and 10%, the country is classified as a regional leader.

Productivity. In the 2010s, the GDP per capita was $60 077.9, the value of agriculture per capita was $1 378.0, the value of manufacturing per capita was $3 769.3. Since the productivity is greater the average above average, the economy is classified as high developed.

Growth. In the 2010s, the growth of gross domestic product was 2.4%; the growth of agriculture was -1.4%; the growth of manufacturing was -0.84%.

Structure. In the 2010s, the economy of Australia included: services (51.8%), industry (18.3%), trade (11.4%), construction (8.3%), transportation (7.8%), and agriculture (2.5%).

Export and import. In the 2010s, the export was 1.1% higher than the import, the net export was equal to 0.24% of the GDP. The technological structure of export is not better than the structure of import.

Consumption and reproduction. The attitude of reproduction to the consumption is better than the global average, so the share of GDP in the world will increase.