AUSTRALIA

General information:
Capital:
Land area:
Official language:
Population:
Currency:

Fact sheets are updated biannually; June and December

Canberra
7,682,300 sq km
English
23.6 million
(Dec 2014)
Australian dollar

Recent economic indicators:

Head of State:
HM Queen Elizabeth II, represented by the
Governor-General HE General the Honourable
Sir Peter Cosgrove AK MC (Retd)
Head of Government:
Prime Minister The Hon Malcolm Turnbull

2010
1,250.1
917.9
56,383
41,398
2.4
-44,336
-3.5
5.2
2.8

GDP (US$bn) (current prices):

GDP PPP (Int'l $bn) (c):
GDP per capita (US$):
GDP per capita PPP (Int'l $) (c):
Real GDP growth (% change yoy):
Current account balance (US$m):
Current account balance (% GDP):
Unemployment (%):
Inflation (% change yoy):
Australia's merchandise trade

2011
1,504.0
962.3
66,786
42,732
2.6
-44,187
-2.9
5.1
3.0

2012
1,559.4
1,015.4
68,035
44,298
3.6
-66,178
-4.2
5.2
2.2

2013
1,505.7
1,053.2
64,660
45,212
2.0
-51,554
-3.4
5.7
2.7

Real GDP growth

A$m
300,000

2014(a)
1,444.0
1,099.8
61,147
46,550
2.6
-44,136
-3.1
6.1
1.7

2015(b)
1,240.8
1,136.9
51,642
47,318
2.4
-49,906
-4.0
6.1
1.7

Australia's merchandise exports

A$m

210,000

2009-10

Exports

2014-15

240,000

3
140,000

Imports

180,000

2
120,000
70,000
1

60,000

2009-10

2010-11

2011-12

2012-13

2013-14

2014-15

0
2010

2011

2012

2013

2014

2015

Primary

STM

ETM

Other

Australia's trade and investment relationships (d):

Major Australian merchandise exports, 2014-15 (A$m)(e):

Iron ores & concentrates

Coal
Natural gas
Gold
Beef, f.c.f.

Major Australian merchandise imports, 2014-15 (A$m)(e):

54,465
37,885
16,904
13,512
9,039

Passenger motor vehicles

Refined petroleum
Crude petroleum
Telecom equipment & parts
Computers

18,708
18,074
14,704
11,044
8,046

Australian merchandise trade (BOP basis), 2014-15:

Exports (A$m):
Imports (A$m):
Total trade (exports + imports) (A$m):
Merchandise trade deficit (A$m):

255,967
270,127
526,094
-14,160

Australia's main merchandise export destinations, 2014-15 (e)(f):

1
2
3
4
5

China
Japan
Republic of Korea
United States
India

Australia's main merchandise import sources, 2014-15 (e):

31.8%
17.4%
7.4%
5.2%
3.8%

1
2
3
4
5

China
United States (g)
Japan
Republic of Korea
Thailand

21.1%
11.3%
6.8%
5.0%
4.5%

Australia's trade in services, 2014-15:

Exports of services (A$m):

Imports of services (A$m):
Services trade deficit (A$m):

62,770
71,177
-8,407

Australia's investment links, as at 31 Dec 2014:

Level of Australian investment abroad (A$m):

Level of foreign investment in Australia (A$m):

1,918,321
2,784,470

Compiled by the Economic Diplomacy, Trade Advocacy & Statistics Section, DFAT, using the latest data from the ABS, the IMF and various international sources.
(a) All recent data subject to revision; (b) IMF/EIU forecast; [c] PPP is purchasing power parity; (d) Total may not add due to rounding; (e) Merchandise trade; (f) Excludes some
confidential items of trade; (g) Based on unpublished ABS data and includes confidential aircraft imports.

na Data not available.

np Data not published.

.. Data not meaningful.