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Australia is a country that occupies the entire continent bearing the same name, washed by the Indian and Pacific Oceans.
The area of the country is 7,692,000 sq.km. The Commonwealth of Australia includes not only the mainland, but also the island of Tasmania, and several islands in the Pacific and Indian Oceans.
The population comprises 25,180,200 (2019). Australia is the world's sixth largest country and 50th in population. The national composition of the population: Australians 82%, British 7.2%, Italians 2%, Greeks 1.2%, Aborigines 1% ...
Official (state) language - the state language of Australia is the Australian version of English.
Capital city Canberra had 420 960 population in 2018. Five largest cities/population: Sydney / 5 230 330, Melbourne / 4 963 349, Brisbane / 2,462,637, Perth / 2,059,484, Adelaide / 1,345,777 (2018).
Economy. Australia's GDP is 1393 USD billion (2019), being the 6th in the world in terms of GDP per capita (57,373.69 USD (2018) and 13th in terms of gross domestic product)
In 2018, the country was ranking second in the human development index. GDP growth rate: 7% (Q2/2020) Annual inflation rate: 0.3% (Q2/2020).
Interest rate: 0.25% (Sep 2020) Unemployment rate: 7.5% (Jul 2020), salary - 1305 AUD / week or 3794.708 USD / month.
According to the World Bank's "Doing Business" rating, Australia is ranked 14th out of 190 countries. Currency: Australian dollar.
The main sectors of the economy are mining, industrial and transport equipment, food processing, chemical industry, metallurgy, and agriculture.
Exports totalled 34.496 billion Australian dollars. (25.077 billion USD) - as of Jul. 2020. Exports include commodities - such as coal, iron ore, gold, meat, wool, alumina, wheat, as well as machinery and transport equipment.
Imports reached AU.890 billion or 21.729 bln. USD as of Jul 2020, imported items include computer equipment, transport, airplanes, TV equipment, medicines, clothing, paper products and food.
Five largest companies in Australia
- Wesfarmers revenue - 53985 mln USD
- Woolworths Group revenue - 47842 mln USD
- BHP Billiton revenue - 45809 mln USD
- Commonwealth Bank of Australia revenue - 33186 USD mln
- Westpac Banking revenue - 29028 USD mln
5 largest banks in Australia
- National Australia Bank is the largest Australian bank with over 750 billion Australian dollars in assets (approximately .24 billion) as of 30 September 2011.
- Westpac Banking Corporation - AU.228 billion in assets
- Commonwealth Bank of Australia AU.899 billion
- Australia and New Zealand Banking Group - AU.488 billion
- Macquarie Group - AU.568 billion
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