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Australia is a highly developed country with a mixed economy. [ 30 ] [ 31 ] As of 2023, Australia was the 14th-largest national economy by nominal GDP ( gross domestic product ), [ 32 ] the 19th-largest by PPP-adjusted GDP, [ 33 ] and was the 21st-largest goods exporter and 24th-largest goods importer . [ 34 ]
The first list includes estimates compiled by the International Monetary Fund's World Economic Outlook, the second list shows the World Bank's data, and the third list includes data compiled by the United Nations Statistics Division. The IMF's definitive data for the past year and estimates for the current year are published twice a year in ...
Harold Macmillan, a British politician in the Conservative Party, also began to advocate for a mixed economy in his books Reconstruction (1933) and The Middle Way (1938). [37] Supporters of the mixed economy included R. H. Tawney, [38] Anthony Crosland, [39] and Andrew Shonfield, who were mostly associated with the Labour Party in the
Australia's high-income mixed-market economy is rich in natural resources. [256] It is the world's fourteenth-largest by nominal terms , and the 18th-largest by PPP . As of 2021 [update] , it has the second-highest amount of wealth per adult , after Luxembourg , [ 257 ] and has the thirteenth-highest financial assets per capita . [ 258 ]
This is the list of countries by purely nominal gross domestic product ... Country/Economy Total GDP (USD$) Agricultural (%) ... Australia: 1,248,000: 3.6%: 25.3%:
Rank Country GDP (millions of USD) 1 China 17,700,899 2 Japan 4,230,862 3 India 3,732,224 4 South Korea 1,709,232 5 Australia 1,687,713 6 Indonesia 1,417,387 7 Taiwan ...
This is an alphabetical list of countries by past and projected Gross Domestic Product, based on the Purchasing Power Parity (PPP) methodology, not on market exchange rates. These figures have been taken from the International Monetary Fund's World Economic Outlook (WEO) Database, October 2024 Edition. [ 1 ]
Mixed economies employ a combination free market principles and economic planning (or sometimes a combination of free markets and interventionism / regulated markets) Subcategories This category has the following 3 subcategories, out of 3 total.