Search results
Results from the WOW.Com Content Network
Australia is a highly developed country with a mixed economy. [30][31] As of 2023, Australia was the 13th-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]
Australia is culturally diverse and has one of the highest foreign-born populations in the world. [32] [33] It has a highly developed market economy and one of the highest per capita incomes globally. [34] [35] [36] Its abundant natural resources and well-developed international trade relations are crucial to the country's economy.
In 1966 Australia abandoned the pound and adopted the Australian Dollar. [24] Economic growth, high employment levels, growing foreign investment and the development of new markets led Australia to enjoy a high level of economic prosperity in the post-war period. Rationing was abolished in 1950.
Gross domestic product (GDP) is the market value of all final goods and services from a nation in a given year. [2] Countries are sorted by nominal GDP estimates from financial and statistical institutions, which are calculated at market or government official exchange rates.
Expenses. A$93.3 billion (2022/23) [6] All values, unless otherwise stated, are in US dollars. The state of Victoria is the second-largest economy in Australia after New South Wales, accounting for 23.24% of the nation's gross domestic product, valued at A$515.2 billion in 2022. [5] The economy is primarily built upon financial services ...
The economy of New South Wales represents a significant proportion of the Australian economy. The economy was valued at A$660.6 billion in 2021-22, [1] representing 30.6% of Australia's total GDP. [1] Economy of New South Wales. The Sydney Opera House and CBD at dusk from Jeffrey Street, Kirribilli in December 2008.
In 2012, Australia was the 12th largest national economy by nominal GDP and the 19th-largest measured by PPP-adjusted GDP. [126] Tourism in Australia is an important component of the Australian economy. In the financial year 2014/15, tourism represented 3.0% of Australia's GDP contributing A$47.5 billion to the national economy. [127]
Subcategories. This category has the following 31 subcategories, out of 31 total. Economy of Australia by city (14 C) Economy of Australia by state or territory (19 C, 2 P)