AUSTRALIA - FACT SHEETS

Similar documents
Economic Change in India

EXPORT-IMPORT BANK OF INDIA: Catalysing India s Trade and Investment. July 01, 2015

Economic. The EU-Australia. relationship

Tourism Western Australia. Fast Facts Year Ending September 2014

AUSTRALIA S EXPORTS OF EDUCATION SERVICES 1

Australia s position in global and bilateral foreign direct investment

DOING BUSINESS IN AUSTRALIA

Housing Affordability Report

Australia. Presented by: Credila Financial Services Pvt. Ltd

Home Owners Confidence Boosted as Affordability Improves

Investment & Reliability in the Australian National Electricity Market: A Perspective

Trends in Australia s Exports 1

International Market Profile: Thailand Year ending December 2015

Fifty years of Australia s trade

Housing Affordability Report

Australia s Tourism Industry

TRAVEL BY AUSTRALIANS

BUSINESS STATISTICS SNAPSHOT UPDATE April 2015

RENEWABLE ENERGY IN AUSTRALIA

EXPERT MEETING on. Geneva, September Foreign Direct Investment in Vietnam. Ms. Le Hai Van

Australia s Liquefied Natural Gas (LNG) exports, to and beyond

List of tables. I. World Trade Developments

Composition of Trade Australia

Structural Change in the Australian Economy

Insights into IT Professionals (Australia) Manpower Market Insights Paper

GRADUATE DIPLOMA OF LEGAL PRACTICE ADMISSION TO PRACTICE COURSE TIMETABLE 2015

Primary Health Networks Life After Medicare Locals

I. World trade developments

Christopher Findlay University of Adelaide. Hussain G. Rammal University of South Australia

Analysis of Australia s Education exports

Traditional gender roles still evident

anniversary composition of trade Australia

BANKWEST CURTIN ECONOMICS CENTRE. TIGER, TIGER, BURNING BRIGHT? Western Australia s trade and economic development with Asia

Statistical appendix. A.1 Introduction

A GUIDE TO THE FIRST HOME OWNER GRANT

Guide to doing Business in Australia

Global Moving Trends Report

Australian Housing Outlook By Robert Mellor, Managing Director BIS Shrapnel Pty Ltd October 2014

Factors affecting the inbound tourism sector. - the impact and implications of the Australian dollar

Who are the Other ethnic groups?

AUSTRALIAN HIGHER EDUCATION IN GLOBAL CONTEXT

Developments in Utilities Prices

Hong Kong: Gateway to China for Estonian Businesses

Canada United Kingdom

Women s Health Victoria

The Value of Golf Tourism

Application for Attendant Allowance

COMMINSURE HOME INSURANCE PREMIUM, EXCESS AND DISCOUNT GUIDE.

Housing Market Overview Prepared for CitiBank. January 2014

APPENDIX 1 Submissions and additional information received by the committee Submissions

International Investment. Australia. Economic Diplomacy, Trade Advocacy and Statistics Section Department of Foreign Affairs and Trade September 2015

Chapter Two. Australia-Japan Trade and Investment Links

Population. Estimates. Projections. Population. Estimates and. Projections. Australian Infrastructure Audit Background Paper.

ANALYSIS OF NZ MERCHANDISE TRADE DATA YEAR ENDED JUNE 2013

National Training Funding Summary

REDUCING THE PAYROLL TAX BURDEN STEVEN MARSHALL MP, STATE LIBERAL LEADER IAIN EVANS MP, SHADOW TREASURER

II. Merchandise trade

HOUSING PRICES IN AUSTRALIA: 1970 TO 2003

Employment Outlook for. Electricity, Gas, Water and Waste Services

Maidstone is the largest district in Kent with a resident population of 155,143. This grew by 11.7% between 2001 and 2011.

Mesothelioma in Australia: Incidence (1982 to 2013) and Mortality (1997 to 2012)

Southeast Asia Development: A Japanese Perspective

Construction induction training - changes to regulations

WHY AUSTRALIA. Australia Unlimited

Guidance for English and Welsh lawyers on the practice of foreign law in Australia and admission as an Australian legal practitioner

RP Data Housing market update. October 2014

DEMOCRACY IN SOUTH AUSTRALIA

Home loan affordability report

International Higher Education in Facts and Figures. Autumn 2013

GET. Parliament HOW YOUR FEDERAL PARLIAMENT WORKS

Buying a Property in Australia

INFORMATION LEAFLET. Introduction

U.S. Agriculture and International Trade

The Hon Tony Abbott MP

Attracting Business Events to Australia

Highlights of the Alberta Economy Alberta Innovation and Advanced Education

RP Data chart pack. October 2014

Investing in the United States

Chart 1: Zambia's Major Trading Partners (Exports + Imports) Q Q Switzernd RSA Congo DR China UAE Kuwait UK Zimbabwe India Egypt Other

UNITED REPUBLIC OF TANZANIA TANZANIA INVESTMENT CENTRE INVESTMENT CLIMATE AND OPPORTUNITIES IN TANZANIA

Our History. South Korea China. Hong Kong. Malaysia. Singapore. New Zealand. Australia

AN AUGMENTED TRADE-WEIGHTED INDEX OF THE AUSTRALIAN DOLLAR 1

PORT OF NEWCASTLE 2014 ANNUAL TRADE REPORT

TAZEEM PASHA MANAGER, BUSINESS RETENTION AND EXPANSION SELECTUSA U.S. DEPARTMENT OF COMMERCE

Estimated company tax, MRRT, carbon tax and royalties expenses for the minerals sector. Report prepared for the Minerals Council of Australia

The Constitution. Printed on 1 January together with. Proclamation Declaring the Establishment of the Commonwealth

Submission NSW Inquiry into Regional Aviation Services

MANAGED INVESTMENT TRUST (MIT) WITHHOLDING TAX CONCESSION

2013 NORTH CAROLINA ANNUAL TRADE REPORT

NEW ZEALAND Market Profile. $ bn Potential to be worth by ,241,000. $2.4bn. 15.0m. Overview

CommBank Accounting Market Pulse Conducted by Beaton Research + Consulting

Identification GETTING STARTED

India s Services Exports

Housing Affordability Report

Australia s International Tourism Industry

Governance, Risk and Compliance Assessment

New research to help Australian tourism reach its potential

Teaching in Australia through Smart Teachers Questions and Answers

Australia s 2030 Emission Reduction Target

WHY AUSTRALIA BENCHMARK REPORT 2015

Transcription:

AUSTRALIA - FACT SHEETS Official Name Commonwealth of Australia Geographical location (Latitude) 10 41 South and 43 39 South (Longitude) 113 09 East and 153 39 East Area 7.7 million sq.km (coastline 25,760 km) Climate Summer from December to February Autumn from March to May Winter from June to August Spring from September to November Conditions vary depending on location Population 22.5 million (Dec. 2011) Territories Australian Capital Territory (370,700) Northern Territory (232,400) States: New South Wales (7.2 mn) Victoria (5.6 mn) Queensland (4.5 mn) Western Australia (2.4 mn) South Australia (1.6 mn) Tasmania (0.51 mn) Federal Capital Canberra (370,700) Other Major Cities Sydney (4.4 mn) Melbourne (4.0 mn) Brisbane (2.1 mn) Perth (1.7 mn) Adelaide (1.2 mn) Hobart (211,600) Darwin (121,000) Religion Christianity (13.0 million) Buddhism (0.68 million) Islam (0.44 million) Hinduism (0.153 million) Judaism (0.092 million) Other religion groups include Australian Aboriginal traditional religions, Sikhism etc. Ethnic groups Australia is a country of migrants; around 45% were either born overseas; have a parent who was born overseas. There are over 200 migrant nationalities, among whom are predominantly English, Irish, New Zealander, Italian, Croatian, Serbian, Vietnamese, Greek, Chinese, Indian (Caucasian 92%; Asian 7%; Aboriginal and others 1%) Time difference NSW, Queensland, ACT, Victoria and Tasmania: IST + 4½

hours South Australia and Northern Territory: IST + 4 hours Western Australia: IST + 2½ hours NSW, VIC, SA, ACT, TAS have Daylight Saving Time from October to March. Political Polity State legislatures Federal parliament democracy, based on the constitution of 1901, with Queen as head of State. The Government is headed by a Prime Minister in Cabinet. The Parliament is bicameral: the 150-member House of Representatives (the lower house) is directly elected by a preferential voting system for a three-year term; and the Senate (the upper house) the 76 Senators (twelve from each of the six States and two from each of the Territories) directly elected by proportional representation for six-year terms, with one-half of Senate members retiring every three years, usually to coincide with elections for the House of Representatives. The Senate may not initiate or amend money bills. Five of the six states have bicameral legislatures; that of Queensland is unicameral Electoral system Compulsory universal direct suffrage over the age of 18 National government A cabinet, presided over by the Prime Minister, is appointed by the Governor-General on the basis of party strength in the House of Representatives; a minority Labor government is currently in power, supported by the Greens and four Independents Major political parties The Australian Labor Party (ALP), the Liberal Party, the National Party, the Democrats, the Greens. Head of State Her Majesty Queen Elizabeth II, Queen of Australia represented by the Governor General. Governor General HE Ms. Quentin Bryce AC Prime Minister The Hon. Julia Gillard, MP Foreign Minister Senator the Hon. Bob Carr Leader of Opposition The Hon. Tony Abbott, MP Party position Total 150 House of Representatives ALP : 71 Liberals* : 59 Nationals* : 11 Country Liberal Party* : 1 Independents : 5 Greens : 1 KAP : 1 Nationals (WA) : 1 *(Liberals, Nationals & CLP are in a coalition with 71 seats)

Senate Total : 76 Liberal* : 28 Nationals/ Country Liberal Party* : 6 ALP : 31 Greens : 9 Democratic Labor Party : 1 Independent : 1 Economic *(Liberals, National are in a coalition with 34 seats) Composition of GDP The Australian economy is based overwhelmingly on services, which account for 80.1% of GDP The mining sector accounts for 7.6%;manufacturing for 11%; agriculture, forestry and fishery for 2.3%. Financial Year July 1 - June 30 GDP (current prices) US$1,516.2 billion; (A$1,486.5 bn) (2011) GDP Per Capita US$66,807 (A$ 65,497) (2011) GDP Growth 2.2% (2011) Foreign Exchange US$ 49.29 bn. (A$ 46.83 bn) (July 2012) Reserves Main natural Coal, Gold, Iron Ore, Bauxite, Alumina, Uranium, Lead, Zinc, Copper, resources Nickel, Natural Gas. Main natural Wheat, Barley, Oats, Oilseeds resources Principal crops Wheat, Barley, Oats, Oilseeds Currency A$ 1= US$ 1.03 / Rs. 57.39 (August 2012) Total Merchandise 598.23 (Exports:312.12, Imports:286.11) (2011) Trade(A$bn) Australia s Principal Trading Partners (2011, Australian $) Country Total Trade Rank Exports Rank Imports Rank China $121.05 bn. 1st $77.12 bn. 1st $43.93 bn. 1st Japan $72.46 bn. 2nd $52.38 bn. 2nd $20.07 bn. 3rd USA $54.18 bn. 3rd $14.90 bn. 5th $39.28 bn. 2nd Republic of Korea $32.66 bn. 4th $25.02 bn. 3rd $07.64 bn. 11th Singapore $27.68 bn. 5th $09.52 bn. 9th $18.15 bn. 4th United Kingdom $23.00 bn. 6th $11.46 bn. 6th $11.54 bn. 6th New Zealand $21.58 bn. 7th $11.01 bn. 7th $10.57 bn. 8th India $20.33 bn. 8th $17.38 bn. 4th $02.95 bn. 20th Thailand $18.45 bn. 9th $07.72 bn. 10th $10.73 bn. 7th Malaysia $16.02 bn 10th $06.13 bn. 12th $09.89 bn. 9th Outward Investment (A$mn.) 1,234,375 (2011)

Inward Investment (A$mn.) 2,114,589(2011) Leading Destination U.S.A($410.04 bn/32.7%) U.K.($192.3bn/15.3%) countries New Zealand ($73.9 bn/5.8%) Leading Investing countries India Australia Bilateral Trade 2011* Japan($29.1bn/2.3%)Netherlands($24.54bn/1.9%) U.S.A ($122.4 bn/24.1%) U.K. ($69.7bn/13.7%) Japan ($52.3bn/10.3%) Netherlands ($32.9bn/6.5%) Switzerland ($23.0/4.5) Bilateral trade in goods A$ 17.52bn. (US$17.86 bn.) (2011)* India s Exports A$ 2.28 bn. (US$2.32 bn.) (2011)* India s Imports A$ 15.24 bn. (US$ 15.54 bn.) (2011)* Main exports Pearls & gems, Rotating electric plants, Jewellery Made-up textiles, and Medicaments (incl. veterinary). Main imports Non-monetary gold, Coal, copper and copper ores, Crude Petroleum, Fertilizers (excl. crudes), Confidential items of trade. Bilateral trade in services A$ 3.19 bn. (US$ 3.22 bn.) (2011) India s Service Exports A$0.73 bn. (US$ 0.75 bn.) (2011) India s Service Imports A$ 2.14 bn. (US$ 2.18 bn.) (2011) Australia s main China, Japan, Republic of Korea, India, U.S.A. export destinations Australia s main import sources China, USA, Japan, Singapore, Germany. India Australia Trade in Goods: 2006-2011 (All Figures In A$) Year 2006-07 2007-08 2008 09 2009-10 2010-11 Total trade $10.75 bn. $10.92 bn. $17.53 bn. $18.02 bn. $17.82 bn. India s Exports $1.46 bn. $1.60 bn. $2.11 bn. $1.84 bn. $2.08 bn. India s Imports $9.29 bn. $9.32 bn. $15.42 bn. $16.17 bn. $15.74 bn. Australia is India s sixteenth largest trading partner and India is Australia's eighth largest. India s ranking among Australia s export destinations continues to be fourth during the year 2011. India's exports of goods and services to Australia have increased by 13.2% in 2011while imports from Australia has decreased by 7.2% during the same period. Main Australian service exports are Education; education related travel; tourism. Main Indian service exports are Computer & information services; tourism.

September 2012 * Financial Year 1 July 2010 30 June 2011 Source: ABS, DFAT, R.B.A