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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]
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 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 2024 Australian federal budget was delivered on budget night at 7:30pm on Tuesday, 14 May 2024 by Treasurer Jim Chalmers. [2] The budget will dictate how the Australian Government will allocate an estimated A$715 billion across the federal government, and to state and territory governments. [ 1 ]
The average wage is a measure of total income after taxes divided by total number of employees employed. ... Australia * 52,502 60,585 65,335 63,926
April 2024) (Learn how and when to remove this message) An Australian federal budget is a document that sets out the estimated revenues and expenditures of the Australian Treasury in the following financial year , proposed conduct of Australian government operations in that period, and its fiscal policy for the forward years. [ 1 ]
Mainland Australia is the main landmass of the Australian continent, excluding the Aru Islands, New Guinea, Tasmania, and other Australian offshore islands.The landmass also constitutes the mainland of the territory governed by the Commonwealth of Australia, and the term, along with continental Australia, can be used in a geographic sense to exclude surrounding continental islands and external ...
In 2011, the Australian Bureau of Statistics recorded a total of 28,435 farms covering 81% of the state. [11] Sugar cane is harvested in coastal areas from Far North Queensland to the southern border and is the state's biggest rural commodity. Queensland produces 94% of Australia's total raw sugar production. [12]