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A decade earlier, it was the largest sector in the economy, accounting for just over 15% of GDP. [82] In 2018 Australia became the country with the largest median wealth per adult, [83] but slipped back to second highest after Switzerland in 2019. [84] Australia's total wealth was estimated to be AUD$10.9 trillion as of September 2019. [85]
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 a list of countries by nominal GDP per capita. GDP per capita is often considered an indicator of a country's standard of living; [1] [2] however, this is inaccurate because GDP per capita is not a measure of personal income. Measures of personal income include average wage, real income, median income, disposable income and GNI per capita.
Stocks ended 2024 near record highs. Earnings growth accelerated. The market rally finally began to broaden. And despite a brief growth scare that spooked investors in late summer, the US economy ...
The economy of the Australian Capital Territory (ACT) is the fastest-growing, sixth biggest economy of Australia as of the end of the 2017-18 financial year. [4] Since the introduction of its self-government status in 1989, and with few exceptions in 1992, 1996, and 2014, the ACT economy has exhibited positive growth at a 1991-2018 average of 3.17 percent per year. [1]
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.
On the whole, PPP per capita figures are more narrowly spread than nominal GDP per capita figures. The following lists summarise the GDP (nominal) of each continent by adding GDP (nominal) of each nation as per the seven-continent model, sorted by USD. The first list includes 2024 data estimates n1 for members of the International Monetary Fund.
Despite similarities in history, law and culture, Australia and Canada followed quite different macroeconomic histories. Australia's GDP per capita was well above those of Britain and the United States in 1870, and more than twice the Canadian level.