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The median gross household income in 2017-2018 is A$1,701 per week or A$88,695 per year. As of 30 June 2018 (end of fiscal year), one Australia dollar is equivalent of 0.7406 U.S. dollar. Using this exchange rate, the median gross household income in Australia is US$65,687 in 2017–18. [16]
The average debt was 20% of gross assets. The proportion of people with wealth above US$100,000 was the highest in the world (eight times the world average). Australia had 3.8% (1,783,000 people) of the top 1% of global wealth holders while having 0.4% of the world's adult population. [75]
Milanovic, Branko (2006): "An Estimate of Average Income and Inequality in Byzantium around Year 1000", Review of Income and Wealth, Vol. 52, No. 3, pp. 449–470; European GDP per capita. Bairoch, Paul (1976): "Europe's Gross National Product: 1800–1975", Journal of European Economic History, Vol. 5, pp. 273–340
List by the International Monetary Fund (2024 estimate) [3]; Rank Continent GDP (billions of USD) Share (%) Country(ies) collectively constituting at least 50% of the GDP (nominal) –
This is an alphabetical list of countries by past and projected gross domestic product per capita, based on official exchange rates, not on the purchasing power parity (PPP) methodology.
The 2006 Australian federal budget for the Australian financial year ended 30 June 2007 was presented on 16 May 2006 by Peter Costello, [1] the Treasurer of Australia in the Howard government. The budget provided for an underlying cash surplus of $10.8 billion, the Government's ninth surplus. [ 2 ]
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According to the Feb 2012 statistical data, the average full-time adult weekly income was A$1,617.90 in Western Australia (compared to A$1,406.80 in Australia as a whole). [15] Recent growth has also contributed to significant rises in average property values in 2006, although values plateaued in 2007.