Australia

World Rank 11 11.32 Australia flag svg
Capital
Area
Currency
Canberra
7,692,024 km 2
Australian dollar (AUD)

Table of Contents

Introduction

Australia is the nation that is at the same time the entire continent. It is the only country that covers the land of the entire continent. The name of the nation came from the latin Terra Australis, which was basically the name for the Southern Earth. At this moment it is one of the largest federations in the world with an official language being English. Interestingly, though the head of the government is Scott Morrison, the head of the nation is Queen Elizabeth II. On her behalf, the nation is run by David Hurley.

Economy

According to the data collected in 2019, the Gross Domestic Product (GDP) of Australia is estimated at $1.4 trillion. As a result, they are ranked 13th in the ranking. It is important to notice that every Australian has $55,000 on average. As a result, they are 18th in this ranking.

In terms of growth, their GDP changed 2% when compared to 2018. It shows a slight increase. However, we should remember about the fact that the same growth can be noticed in the case of other great powers such as the United States. A very small growth was recorded in terms of GDP per capita. Here, it was only 0.6%. However, it is connected to the numbers presented above. 

Another important part of the economy is export and import. In these two aspects, we can see a slight income since the export was $336 billion, which is over 24% of Australian entire GDP. The import of goods and services amounted to $301 billion, approximately 21% of their GDP. 

Population

Australians are relatively loosely populated. There were only over 25 million residents in the nation, which is quite surprising if we take into account the fact that the region of Australia is extremely large. As a result, its density is only 3.3 people per sq km. It gives them 56th place in terms of density. However, due to the extreme conditions that can be found in almost the entire region, the only heavily populated regions are the eastern and south-eastern coasts.

As far as the largest cities are concerned, these are Sydney (with a population of 5.3 million), Melbourne (over 5 million), Brisbane (2.5 million), Perth (over 2 million), and Adelaide (1.4 million).

Another important thing to note is that 70% of the population is considered to be Anglo-Australian. 6% of the population are British, and slightly over 2% of the entire population is the native residents of Australia, the so-called Indigenous Australians 

Gross domestic product (GDP, GDP PPP)

Gross domestic product (GDP)

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#13 (2020)
1,330,900,925,056 US$

List of countries by GDP

Gross domestic product growth rate

Gross domestic product per capita

Gross domestic product (PPP)

Gross domestic product (PPP) per capita

International trade (Export, Import)

External balance on goods and services

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External balance on goods and services (% of GDP)

Exports of goods and services (current US$)

Exports of goods and services (% of GDP)

Imports of goods and services (current US$)

Imports of goods and services (% of GDP)

Employment by sector, Unemployment

Unemployment (% of total labor force)

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Employment in agriculture (% of total employment)

Employment in industry (% of total employment)

Employment in services (% of total employment)

Vulnerable employment (% of total employment)