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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 ...
The banana industry was devastated in 2006 from the flooding and crop destruction left in the wake of Cyclone Larry. 90% of the country's banana crop was destroyed. The price of bananas doubled to A$6 a kilogram as a result. [69] In the 2006-07 financial year, the nominal value of the Queensland economy surpassed A$200 billion for the first ...
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Sydney received 8.2 million visitors in 2016, an 11.4 per cent increase from 2015. The main sources of Sydney's tourists were from north-east and south-east Asia. [3] The Vivid Sydney festival, held annually each winter, attracted 1.7 million visitors in 2015–it is the biggest festival in Australia and one of the biggest of its kind in the world. [4]
Average wealth of bottom 50 percent. $3.82 trillion (2.5 percent) $58,149. Average wealth of 50th – 90th percentile. $47.55 trillion (30.8 percent) $903,799. Average wealth of 90th – 99th ...
Five men who used dating app Grindr to target and attack men in a series of robberies have been jailed. Demalji Hadza, 21, Abubaker Alezawy, 21, Ali Hassan, 20, Wasim Omar, 24, and Mohammed Sharif ...