Australian trade
Sydney's central business district is Australia's largest financial and business services hub.
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| Currency | Australian Dollar (AUD) ~ 0.74 USD |
|---|---|
| 1 July – 30 June | |
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Trade organisations
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APEC, WTO and OECD |
| Statistics | |
| GDP | $1.3 trillion (2016, Nominal), $1.2 trillion (2016, PPP) |
| GDP rank | 13th (nominal) / 19th (PPP) |
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GDP growth
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1.7% (June 2017) |
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GDP per capita
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$51,850 (2016, Nominal), $48,800 (2016, PPP) (10th, nominal; 18th, PPP) |
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GDP by sector
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Services: 73%, Mining: 7%, Construction:9%, Manufacturing:7% (2016) |
| 2.1% (June 2017) | |
| 0.333 (2014) | |
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Labour force
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12 million (2016) |
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Labour force by occupation
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agriculture: 3.6%, industry: 21.1%, services: 75.3% (2009 est.) |
| Unemployment | 5.6% (June 2017) |
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Average gross salary
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US$ 4,339 month (2016) |
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Main industries
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mining, industrial and transportation equipment, finance, medical, education, tourism, food processing, chemicals, steel |
| 15th (2017) | |
| External | |
| Exports | US$184.3 billion (2016 est.) |
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Export goods
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coal, iron ore, gold, meat, wool, alumina, wheat, machinery and transport equipment |
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Main export partners
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 China 32.2% Japan 15.9% South Korea 7.1% United States 5.4% India 4.2% (2015) |
| Imports | US$203.1 billion (2016 est.) |
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Import goods
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machinery and transport equipment, computers and office machines, telecommunication equipment and parts; crude oil and petroleum products |
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Main import partners
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China 23% United States 11.2% Japan 7.4% South Korea 5.95% Thailand 5.1% Germany 4.6% (2015) |
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FDI stock
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$614.5 billion (31 December 2016 est.) |
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Gross external debt
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$1.692 trillion (31 December 2016 est.) |
| Public finances | |
| 18.0% of GDP (2015-16 outcome) | |
| Revenues | $395.1 billion (2015-16 outcome) |
| Expenses | $428.7 billion (2015-16 outcome) |
| Economic aid | donor: ODA, $3.2 billion (2015) |
|
Standard & Poor's: AAA (Domestic) AAA (Foreign) AAA (T&C Assessment) Outlook: Negative Moody's: AAA Outlook: Stable Fitch: AAA Outlook: Stable |
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Foreign reserves
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$56.7 billion (June 2017) |
The economy of Australia is a developed and one of the largest mixed market economies in the world, with a GDP of AUD$1.67 trillion as of 2016. Australia's total wealth is AUD$8.9 trillion as of June 2016. In 2016, it was the 12th largest national economy by nominal GDP and the 19th-largest measured by PPP-adjusted GDP, about 1.0% of the world economy. Australia is the 25th-largest goods exporter and 20th-largest importer. The Reserve Bank of Australia publishes quarterly forecasts of the economy.
The Australian economy is dominated by its service sector, comprising 73% of GDP. The mining sector represents 7% of GDP; including services to mining, and at the height of the mining boom in 2009-10, the total value-added of the mining industry was 8.4% of GDP. The economy is largely dependent on the mining and agricultural sector relative to other developed countries (12% of GDP) with products exported mainly to the East Asian market. Despite the recent decline in the mining sector, the Australian economy has remained resilient and stable and has not experienced a technical recession since July 1991
The Australian Securities Exchange in Sydney is the largest and in terms of market capitalisation. Some of Australia's large companies include but are not limited to: Wesfarmers (Coles Group), Woolworths, BHP Billiton, National Australia Bank, ANZ, Commonwealth Bank, Westpac, Rio Tinto Group, Telstra and Caltex Australia. The currency of Australia and its territories is the Australian dollar which it shares with several Pacific nation states.
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Wikipedia