Australia
General information
Capital: Canberra
Currency unit: Australian dollar
Area: 7,741,220 km²
Total population: 27,196,800
GDP (millions of US dollars): 1,757,020
GDP per capita, PPP (current international US dollars): 72,111
Production
Agriculture (% of GDP): 2.7 %
Manufacture (% of GDP): 5.8 %
Industry excluding manufacture (% of GDP): 23.1 %
Services (% of GDP): 68.5 %
Trade
Total exports (millions of US dollars): 425,642
Total imports (millions of US dollars): 406,087
Main exported goods (% of total exports):
Iron ore and concentrates (25.0 %)
Coal, whether or not pulverized, not agglomerated (16.3 %)
Natural gas, whether or not liquefied (13.1 %)
Gold, non-monetary (excluding gold ores and concentrates) (9.4 %)
Meat of bovine animals (2.5 %)
Price competitiveness
This section brings together various indicators related to the price dimension of countries’ competitiveness. These indicators include both measures of external price competitiveness (the price ratio between domestic and foreign goods in international markets) and internal price competitiveness (the price ratio between tradable and non-tradable domestic goods). All these indices are calculated for each country relative to a base year and constructed such that an increase in the index corresponds to a decline in the country’s price competitiveness.
| Australia | ||
|---|---|---|
| Price competitiveness | - | |
| Nominal Effective Exchange Rate Australia: 110 | 110 | |
| Real Effective Exchange Rate Australia: 98 | 98 | |
| Internal Real Exchange Rate Australia: 72 | 72 |