Economy of Australia - Wikipedia
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 …
Australia’s economy was the envy of the world. Now it’s falling …
Jan 14, 2025 · Australia’s gross domestic product (GDP) grew by just 0.8 percent year-on-year during the first three quarters of 2024, compared with expansions of 3.1 percent and 1 percent in the United...
Australian National Accounts: National Income, Expenditure …
Through the year, Australia’s economy grew 0.8%, the lowest rate since the COVID-19 affected December quarter 2020. Nominal GDP rose 0.4%. The GDP implicit price deflator (IPD) rose 0.1%, as a rise in the domestic final demand deflator (+0.7%) was partly offset by a fall in the terms of trade (-2.5%).
Australia - Mining, Agriculture, Tourism | Britannica
3 days ago · Australia’s governments have usually shown a pronounced readiness to intervene in the economy, but in general the economy has been dominated by foreign interests—first by those of the United Kingdom, then by the United States and Japan, and more recently by giant multinational corporations.
The Economy of Australia - The World Countries
How is the economy of Australia? Based on the information we have, Australia has a highly developed, diversified, regionally and globally integrated economy; strong mining, manufacturing, and service sectors; net exporter driven by commodities to East Asian trade partners; “Future Made in Australia” program focused on green energy investments.
Economy - Australian Bureau of Statistics
Consumer price index, wage price index… Gross domestic product... Balance of payments, Imports and exports… Capital expenditure, small business… Lending, household income and wealth… Administration, finance, tax… We can provide access to detailed, customisable data on selected topics.
Australia - The World Factbook
Jan 16, 2025 · In recent decades, Australia has become an internationally competitive, advanced market economy due in large part to economic reforms adopted in the 1980s and its proximity to East and Southeast Asia.
Australia Economic Snapshot - OECD
The snapshot offers a concise summary of Australia's economic trends and prospects, drawing from the OECD Economic Survey, Economic Outlook, and Economic Policy Reform: Going for Growth reports, delivering in-depth analyses of economic trends, suggested policy recommendations, alongside an overview of structural policy developments.
Australia Economic Overview: Outlook & Reports - FocusEconomics
Australia boasts a prosperous, Western-style capitalist economy, with a per capita GDP among the highest in the world. The services sector accounts for the largest share of GDP, although agriculture and mining significantly contribute to exports.
12 things to know about the Australian economy right now
Dec 7, 2022 · Our economy grew 0.6 per cent during the September quarter 2022, and 5.9 per cent compared to last year. This was the fourth consecutive quarter of growth since the COVID-19 Delta variant lockdowns. Household consumption drove the increase, growing 1.1 per cent. We spent more and saved less.