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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 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 ...
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 ...
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.
1–10 January – The Kimberley and northern parts of Western Australia are severely affected by flooding caused by ex-Tropical Cyclone Ellie. [4] The Fitzroy River at Fitzroy Crossing peaks at a record 15.81 metres on 4 January, with the bridge which carries the Great Northern Highway across the river damaged beyond repair. [4]
The progressive nature of income tax in Australia results in different income groups paying different amounts. The top 1% of income earners pay 18% of income tax received. The top 3% pay 28% of income tax. The top 10% of earners paid 46% of all income tax paid. The bottom 50% of earners paid 11% of all income tax. [19]
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In 2020, Australia produced 27.7% of its electricity from renewable sources, exceeding the target set by the Commonwealth government in 2009 of 20% renewable energy by 2020. [ 342 ] [ 343 ] A new target of 82% per cent renewable energy by 2030 was set in 2022 [ 344 ] and a target for net zero emissions by 2050 was set in 2021.