AUSTRALIA

Generalinformation: Factsheetsareupdatedbiannually;JuneandDecember

Capital: Canberra HeadofState:

Landarea: 7,682,300sqkm HMQueenElizabethII,representedbythe
Officiallanguage: English GovernorGeneralHEGeneraltheHonourable
Population: 23.9million (Dec2015) SirPeterCosgroveAKMC(Retd)
Currency: Australiandollar HeadofGovernment:
PrimeMinisterTheHonMalcolmTurnbull
Recenteconomicindicators: 2011 2012 2013 2014 2015(a) 2016(b)
GDP(US$b)(currentprices): 1,517.4 1,566.7 1,497.3 1,443.4 1,219.6 1,256.6
GDPpercapita(US$): 67,380.6 68,351.5 64,302.0 61,104.5 50,943.2 51,430.0
GDPPPP(Int'l$b)(c): 964.1 1,016.7 1,053.9 1,101.6 1,140.6 1,188.8
GDPpercapitaPPP(Int'l$)(c): 42,808.4 44,358.1 45,257.9 46,648.2 47,644.4 48,806.2
RealGDPgrowth(%changeyoy): 2.6 3.7 2.1 2.8 2.4 2.9
Currentaccountbalance(US$b): 44.5 64.5 47.8 42.1 58.4 43.9
Currentaccountbalance(%GDP): 2.9 4.1 3.2 2.9 4.8 3.5
Inflation(%changeyoy): 3.0 2.2 2.7 1.7 1.7 1.3
Unemployment(%labourforce) 5.0 5.2 5.7 5.9 5.5 5.7

Australia'smerchandisetrade RealGDPgrowth Australia'smerchandiseexports

A$m % A$m
300,000 Imports 4.0 200,000 2010-11 2015-16

250,000
160,000
Exports 3.0
200,000
120,000
150,000 2.0
80,000
100,000
1.0
50,000 40,000

0.0
2010-11 2011-12 2012-13 2013-14 2014-15 2015-16 2011 2012 2013 2014 2015 2016 Primary STM ETM Other

Australia'stradeandinvestmentrelationships(d):
MajorAustralianmerchandiseexports,201516(A$m)(e): MajorAustralianmerchandiseimports,201516(A$m)(e):
Ironores&concentrates 47,758 Passengermotorvehicles 21,542
Coal 34,442 Refinedpetroleum 16,218
Gold 16,583 Telecomequipment&parts 11,781
Naturalgas 16,546 Computers 7,820
Beef 8,495 Medicaments(inclveterinary) 7,712
Australianmerchandisetrade,201516:
Exports(A$m): 244,006
Imports(A$m): 271,405
Totaltrade(exports+imports)(A$m): 515,411
Merchandisetradedeficit(A$m): 27,399
Australia'smainmerchandiseexportdestinations,201516(e): Australia'smainmerchandiseimportsources,201516(e):
1 China 30.8% 1 China 22.6%
2 Japan 14.7% 2 UnitedStates(g) 12.0%
3 RepublicofKorea 7.3% 3 Japan 7.1%
4 UnitedStates 5.6% 4 Thailand 5.4%
5 India 3.9% 5 Germany 4.9%
Australia'stradeinservices,201516:
Exportsofservices(A$m): 68,306
Importsofservices(A$m): 77,734
Servicestradedeficit(A$m): 9,428
Australia'sinvestmentlinks,asat31Dec2015:
LevelofAustralianinvestmentabroad(A$m): 2,080,714
LevelofforeigninvestmentinAustralia(A$m): 3,024,361
CompiledbytheStatisticsSection,DFAT,usingthelatestdatafromtheABS,theIMFandvariousinternationalsources.
(a)Allrecentdatasubjecttorevision;(b)IMF/EIUforecast;[c]PPPispurchasingpowerparity;(d)Totalmaynotaddduetorounding;(e)Merchandisetrade;(g)Basedonunpublished
ABSdataandincludesconfidentialaircraftimports.naDatanotavailable.npDatanotpublished...Datanotmeaningful.