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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 OECD (Organization for Economic Co-operation and Development) dataset contains data on average annual wages for full-time and full-year equivalent employees in the total economy. Average annual wages per full-time equivalent dependent employee are obtained by dividing the national-accounts-based total wage bill by the average number of ...
The International Monetary Fund in April 2012 predicted that Australia would be the best-performing major advanced economy in the world over the next two years; the Australian Government Department of the Treasury anticipated "forecast growth of 3.0% in 2012 and 3.5% in 2013", [60] the National Australia Bank in April 2012 cut its growth ...
Total spending was cut, following on from gradual cuts of nearly 2% of GDP over the decade of the Howard government. Changes to taxation prompted then Shadow Treasurer Malcolm Turnbull to claim the increased taxation will contribute to inflation, but Swan argued [3] that the tax will affect only high income-earners, dispelling any "custodian" line of attack. [4]
This is the most recent list of Australian states and territories by gross state product (GSP) and GSP per capita. Also included are the GSP and population growth tables as well as a comparison table showing the surplus/deficit between state final demand (SFD) and GSP for the same financial year.
The economy of Queensland is the third largest economy within Australia. Queensland generated 19.5% of Australia's gross domestic product in the 2008-09 financial year. [5] The economy is primarily built upon mining, agriculture, tourism and financial services. Queensland's main exports are coal, metals, meat and sugar. [6]
Post-tax income also increased, albeit by a slightly smaller margin. The real median post-tax household income jumped 3.7% from $66,800 in 2022 to $69,240 in 2023. The good news is that household ...
Bang, Peter Fibiger (2008): The Roman Bazaar: A Comparative Study of Trade and Markets in a Tributary Empire, Cambridge University Press, ISBN 0-521-85532-2, pp. 86–91; Goldsmith, Raymond W. (1984): "An Estimate of the Size and Structure of the National Product of the Early Roman Empire", Review of Income and Wealth, Vol. 30, No. 3, pp. 263–288