Part 1: An overview of the Australian Economy
Size of Economy
As for Australia, the total GDP ranked in the 12th of the whole world in 2014, and the GDP
per capita ranked the 4th in 2014.
Table 1: Indicator of economy
Population
GDP (million)
GDP per capita
(current US$)
Exports of goods
and services (% of
GDP)
Imports of goods
and services (% of
GDP)
Source: World Bank
Graph 1: Australia GDP per capita vs OECD countries 2010 22031750 1,141,267 51,801 2011 22340024 1,388,066 62,133 2012 22728254 1,534,425 67,511 2013 23125868 1,560,372 67,473 2014 23490736 1,453,770 61,887 19.5 21.2 21.3 19.9 20.9 20.4 20.1 21.5 21.1 21.4
Source: World Bank
Main industries
The indicator of Industry value added is used for showing the main industries.
Table 2:Industry value added ($m) 2012-13
2013-14