Economy

Lauren McMullen

@lauren

Information about the economy--currency, gross domestic product (GDP) and development programs and challenges--of each Oceanian country and the economy of the continent as a whole.

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Lauren McMullen

@lauren

Information about the economy--currency, gross domestic product (GDP) and development programs and challenges--of each Oceanian country and the economy of the continent as a whole.

Economy of Australia - Wikipedia, the free encyclopedia

The economy of Australia is one of the largest mixed market economies in the world, with a GDP of US$1.525 trillion as of 2014. Australia's total wealth is 6.4 trillion dollars. In 2012, it was the 12th largest national economy by nominal GDP and the 17th-largest measured by PPP-adjusted GDP, about 1.7% of the world economy.
https://en.wikipedia.org/wiki/Economy_of_Australia
Australian Economy - The Guardian

Articles and information about the Australian Economy
http://www.theguardian.com/business/australia-economy
Australia and Oceania: Resources - National Geographic Education

Oceania's natural resources are best defined in connection with its island groups. The continental islands of Australia, New Zealand, and Papua New Guinea support rich natural-resource economies, while the other Pacific Islands rely on their natural resources for subsistence more than economic development.
http://education.nationalgeographic.org/encyclopedia/oceania-resources/
Federated States of Micronesia: Economy

This page describes Federated States of Micronesia's economic performance for the previous year and presents growth forecasts.
http://www.adb.org/countries/micronesia/economy
Palau Economy Profile 2014 - Index Mundi

The economy consists of tourism and other services such as trade, subsistence agriculture, and fishing. Government is a major employer of the work force relying on financial assistance from the US under the Compact of Free Association (Compact) with the US.
http://www.indexmundi.com/palau/economy_profile.html
Fiji Economic Data: The World Bank

Discover economic data about Fiji.
http://data.worldbank.org/country/fiji
Tonga Economy 2015, CIA World Factbook

Tonga has a small, open, South Pacific island economy. It has a narrow export base in agricultural goods. Squash, vanilla beans, and yams are the main crops.
http://www.theodora.com/wfbcurrent/tonga/tonga_economy.html
Samoa Economy - Asian Development Bank

This page describes Samoa's economic performance for the previous year and presents growth forecasts.
http://www.adb.org/countries/samoa/economy
New Zealand Economy: Population, GDP, Inflation, Business, Trade, FDI, Corruption

Learn more about the New Zealand economy, including the population of New Zealand, GDP, facts, trade, business, inflation and other data and analysis on its economy from the Index of Economic Freedom published by The Heritage Foundation.
http://www.heritage.org/index/country/newzealand
Australian Economy - Daily Reckoning

Enjoy a unique perspective on the Australian economy. We make sense of the latest moves in interest rates, the credit cycle, the Aussie dollar and trade figures, to see how they affect the value of all your assets.
http://www.dailyreckoning.com.au/category/australian-economy-1/
Economic History of Oceania - Wikipedia, the Free Encyclopedia

Wikipedia's information about the economic history of Oceania.
https://en.wikipedia.org/wiki/Category:Economic_history_of_Oceania
Oceania -New World Encyclopedia

Oceania is a geographical (and geopolitical) region consisting of numerous countries and territories-mostly islands-in the Pacific Ocean. The exact scope of Oceania varies-some descriptions include East Timor, Australia, and New Zealand; other versions exclude them.
http://www.newworldencyclopedia.org/entry/Oceania
Economy of Oceania - Wikipedia, the Free Encyclopedia

Wikipedia's information about the economy of Oceania.
https://en.wikipedia.org/wiki/Economy_of_Oceania

Comments

Economy of Australia
Statistics
Sydney's central business district is Australia's largest financial and business services hub.
Currency	Australian dollar (AUD)
Fiscal year	1 July – 30 June
Trade organisations	APEC, CPTPP, G20, OECD, WTO, RCEP
Country group	Advanced economy^[1] High-income economy^[2]
Population	27,077,833 (2024 Estimate)
GDP	$1.688 trillion (nominal; 2023)^[3] $1.719 trillion (PPP; 2023)^[3]
GDP rank	14th (nominal, 2023) 20th (PPP, 2023)
GDP growth	3.7% (2022)^[4] 1.6% (2023f)^[4] 1.7% (2024f)^[4]
GDP per capita	$63,487 (nominal; 2023)^[3] $64,674 (PPP; 2023)^[3]
GDP per capita rank	10th (nominal, 2023) 23rd (PPP, 2023)
GDP by sector	Services: 62.7% Construction: 7.4% Mining: 5.8% Manufacturing: 5.8% Agriculture: 2.8% (2017)^[5]
Inflation ( CPI)	7% (March 2023)^[6]
Population below poverty line	13.4% (2020)^[7]
Gini coefficient	33.0 medium (2021)^[8]
Human Development Index	0.946 very high (2022)^[9] (10th) 0.860 very high IHDI (14th) (2022)^[9]
Labour force	14.3 million (April 2024)^[10] 74.6% employment rate (Q1-2020)^[11]
Labour force by occupation	Services: 78.8% Construction: 9.2% Manufacturing: 7.5% Agriculture: 2.5% Mining: 1.9% (2017)^[5]
Unemployment	4.1% (April 2024)^[10] 604.2 thousand unemployed (April 2024)^[10] 9.7% youth unemployment (April 2024; 15 to 24 year-olds)^[10]
Average gross salary	A$7,890 / $5,031.37 monthly^[12] (2022)
Average net salary	A$6,076 / $3,874.21 monthly^[13]^[14] (2022)
Main industries	Financial and insurance services Construction Healthcare and social assistance Mining Professional, scientific and technical services^[15] Manufacturing^[16]
External
Exports	A$671.1 billion (2023)^[17]
Export goods	iron ore, coal, natural gas, gold, aluminium, beef, crude petroleum, copper, meat (non-beef)^[17]
Main export partners	China(+) 32.6% Japan(-) 13.4% South Korea(-) 6.5% India(+) 5.2% United States(+) 5.0%^[17]
Imports	A$526.8 billion (2023)^[17]
Import goods	petroleum, cars, telecom equipment and parts, goods vehicles, computers, medicaments, gold, civil engineering equipment, furniture^[17]
Main import partners	China(-) 20.5% United States(+) 12.4% Japan(+) 5.8% South Korea(-) 5.2% Singapore(+) 4.5%^[17]
FDI stock	Inward: $682.9 billion Outward: $491.0 billion (UNCTAD 2018)^[18]
Current account	A$14.1 billion (2022)^[19]
Gross external debt	US$2.095 trillion (Q1, 2019)^[20]
Public finances
Government debt	66.4% of GDP (October 2021)^[21]
Budget balance	−0.2% (of GDP) (2019)^[22]^[23]
Revenues	A$668.1 billion (2023)^[22]
Expenses	A$682.1 billion (2023)^[22]
Economic aid	donor: ODA, $4.09 billion (2022)^[24]
Credit rating	Standard & Poor's:^[25] AAA Outlook: Stable Moody's:^[26] AAA Outlook: Stable Fitch:^[27] AAA Outlook: Stable
Foreign reserves	$66.58 billion (31 December 2017 est.)^[28]
Main data source: *CIA World Fact Book* All values, unless otherwise stated, are in US dollars.

Source : Wikipedia under CC-BY-SA license

Links
Media

Economy of Australia - Wikipedia, the free encyclopedia

The economy of Australia is one of the largest mixed market economies in the world, with a GDP of US$1.525 trillion as of 2014. Australia's total wealth is 6.4 trillion dollars. In 2012, it was the 12th largest national economy by nominal GDP and the 17th-largest measured by PPP-adjusted GDP, about 1.7% of the world economy.
https://en.wikipedia.org/wiki/Economy_of_Australia
Australian Economy - The Guardian

Articles and information about the Australian Economy
http://www.theguardian.com/business/australia-economy
Australia and Oceania: Resources - National Geographic Education

Oceania's natural resources are best defined in connection with its island groups. The continental islands of Australia, New Zealand, and Papua New Guinea support rich natural-resource economies, while the other Pacific Islands rely on their natural resources for subsistence more than economic development.
http://education.nationalgeographic.org/encyclopedia/oceania-resources/
Federated States of Micronesia: Economy

This page describes Federated States of Micronesia's economic performance for the previous year and presents growth forecasts.
http://www.adb.org/countries/micronesia/economy
Palau Economy Profile 2014 - Index Mundi

The economy consists of tourism and other services such as trade, subsistence agriculture, and fishing. Government is a major employer of the work force relying on financial assistance from the US under the Compact of Free Association (Compact) with the US.
http://www.indexmundi.com/palau/economy_profile.html
Fiji Economic Data: The World Bank

Discover economic data about Fiji.
http://data.worldbank.org/country/fiji
Tonga Economy 2015, CIA World Factbook

Tonga has a small, open, South Pacific island economy. It has a narrow export base in agricultural goods. Squash, vanilla beans, and yams are the main crops.
http://www.theodora.com/wfbcurrent/tonga/tonga_economy.html
Samoa Economy - Asian Development Bank

This page describes Samoa's economic performance for the previous year and presents growth forecasts.
http://www.adb.org/countries/samoa/economy
New Zealand Economy: Population, GDP, Inflation, Business, Trade, FDI, Corruption

Learn more about the New Zealand economy, including the population of New Zealand, GDP, facts, trade, business, inflation and other data and analysis on its economy from the Index of Economic Freedom published by The Heritage Foundation.
http://www.heritage.org/index/country/newzealand
Australian Economy - Daily Reckoning

Enjoy a unique perspective on the Australian economy. We make sense of the latest moves in interest rates, the credit cycle, the Aussie dollar and trade figures, to see how they affect the value of all your assets.
http://www.dailyreckoning.com.au/category/australian-economy-1/
Economic History of Oceania - Wikipedia, the Free Encyclopedia

Wikipedia's information about the economic history of Oceania.
https://en.wikipedia.org/wiki/Category:Economic_history_of_Oceania
Oceania -New World Encyclopedia

Oceania is a geographical (and geopolitical) region consisting of numerous countries and territories-mostly islands-in the Pacific Ocean. The exact scope of Oceania varies-some descriptions include East Timor, Australia, and New Zealand; other versions exclude them.
http://www.newworldencyclopedia.org/entry/Oceania
Economy of Oceania - Wikipedia, the Free Encyclopedia

Wikipedia's information about the economy of Oceania.
https://en.wikipedia.org/wiki/Economy_of_Oceania

Economy of Australia
Statistics
Sydney's central business district is Australia's largest financial and business services hub.
Currency	Australian dollar (AUD)
Fiscal year	1 July – 30 June
Trade organisations	APEC, CPTPP, G20, OECD, WTO, RCEP
Country group	Advanced economy^[1] High-income economy^[2]
Population	27,077,833 (2024 Estimate)
GDP	$1.688 trillion (nominal; 2023)^[3] $1.719 trillion (PPP; 2023)^[3]
GDP rank	14th (nominal, 2023) 20th (PPP, 2023)
GDP growth	3.7% (2022)^[4] 1.6% (2023f)^[4] 1.7% (2024f)^[4]
GDP per capita	$63,487 (nominal; 2023)^[3] $64,674 (PPP; 2023)^[3]
GDP per capita rank	10th (nominal, 2023) 23rd (PPP, 2023)
GDP by sector	Services: 62.7% Construction: 7.4% Mining: 5.8% Manufacturing: 5.8% Agriculture: 2.8% (2017)^[5]
Inflation ( CPI)	7% (March 2023)^[6]
Population below poverty line	13.4% (2020)^[7]
Gini coefficient	33.0 medium (2021)^[8]
Human Development Index	0.946 very high (2022)^[9] (10th) 0.860 very high IHDI (14th) (2022)^[9]
Labour force	14.3 million (April 2024)^[10] 74.6% employment rate (Q1-2020)^[11]
Labour force by occupation	Services: 78.8% Construction: 9.2% Manufacturing: 7.5% Agriculture: 2.5% Mining: 1.9% (2017)^[5]
Unemployment	4.1% (April 2024)^[10] 604.2 thousand unemployed (April 2024)^[10] 9.7% youth unemployment (April 2024; 15 to 24 year-olds)^[10]
Average gross salary	A$7,890 / $5,031.37 monthly^[12] (2022)
Average net salary	A$6,076 / $3,874.21 monthly^[13]^[14] (2022)
Main industries	Financial and insurance services Construction Healthcare and social assistance Mining Professional, scientific and technical services^[15] Manufacturing^[16]
External
Exports	A$671.1 billion (2023)^[17]
Export goods	iron ore, coal, natural gas, gold, aluminium, beef, crude petroleum, copper, meat (non-beef)^[17]
Main export partners	China(+) 32.6% Japan(-) 13.4% South Korea(-) 6.5% India(+) 5.2% United States(+) 5.0%^[17]
Imports	A$526.8 billion (2023)^[17]
Import goods	petroleum, cars, telecom equipment and parts, goods vehicles, computers, medicaments, gold, civil engineering equipment, furniture^[17]
Main import partners	China(-) 20.5% United States(+) 12.4% Japan(+) 5.8% South Korea(-) 5.2% Singapore(+) 4.5%^[17]
FDI stock	Inward: $682.9 billion Outward: $491.0 billion (UNCTAD 2018)^[18]
Current account	A$14.1 billion (2022)^[19]
Gross external debt	US$2.095 trillion (Q1, 2019)^[20]
Public finances
Government debt	66.4% of GDP (October 2021)^[21]
Budget balance	−0.2% (of GDP) (2019)^[22]^[23]
Revenues	A$668.1 billion (2023)^[22]
Expenses	A$682.1 billion (2023)^[22]
Economic aid	donor: ODA, $4.09 billion (2022)^[24]
Credit rating	Standard & Poor's:^[25] AAA Outlook: Stable Moody's:^[26] AAA Outlook: Stable Fitch:^[27] AAA Outlook: Stable
Foreign reserves	$66.58 billion (31 December 2017 est.)^[28]
Main data source: *CIA World Fact Book* All values, unless otherwise stated, are in US dollars.

Source : Wikipedia under CC-BY-SA license

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Economy

Information about the economy--currency, gross domestic product (GDP) and development programs and challenges--of each Oceanian country and the economy of the continent as a whole.

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