Population: 23 million in 20131
GDP: $1.56 trillion in 20132
GDP per capita: $67,458 nominal3 ($43,550 PPP4) in 2013
GDP growth rate: 2.3% in 20145
GDP by Industry 20126
Industry sector | Value added ($ billions) 2012 | Percent of total |
Other activities | 701 | 49.4% |
Mining and utilities | 184 | 12.9% |
Wholesale, retail trade, restaurants and hotels | 163 | 11.5% |
Transport, storage and communication | 120 | 8.5% |
Construction | 110 | 7.7% |
Manufacturing | 108 | 7.6% |
Agriculture, hunting, forestry, fishing | 34 | 2.4% |
Total value added | 1,420 | 100% |
Unemployment rate: 5.7% in 20127
Employment by Industry 20138
Employment sector | Employees (thousands) 2013 | Percent of total |
Wholesale trade, retail trade and repair of motor vehicles | 1,627 | 14.2% |
Human health and social work | 1,377 | 12.0% |
Construction | 1,010 | 8.8% |
Manufacturing | 995 | 8.7% |
Not elsewhere classified | 810 | 7.1% |
Accommodation and food service | 778 | 6.8% |
Public administration and defence | 742 | 6.5% |
Professional, scientific and technical | 674 | 5.9% |
Education | 633 | 5.5% |
Transportation and storage | 465 | 4.1% |
Finance and insurance | 402 | 3.5% |
Administrative and support service | 375 | 3.3% |
Information and communication | 363 | 3.2% |
Agriculture, forestry and fishing | 300 | 2.6% |
Mining and quarrying | 267 | 2.3% |
Other service | 245 | 2.1% |
Arts, entertainment and recreation | 222 | 1.9% |
Electricity, gas, steam and air conditioning | 81 | 0.7% |
Real estate | 39 | 0.3% |
Water supply, sewerage and waste management | 32 | 0.3% |
Activities of households as employers | 4 | 0.0% |
Total employment | 11,440 | 100% |
Top 8 Corporations by Revenue 2013* 9
Rank | Corporation | Revenue ($ billions) 2013 | Profit ($ billions) 2013 | Assets ($ billions) 2013 | Industry |
1 | BHP Billiton | 64 | 9.9 | 126 | Mining |
2 | Wesfarmers | 54 | 2.1 | 39 | Retail |
3 | Woolworths | 48 | 1.8 | 18 | Retail |
4 | National Australia Bank | 40 | 4.4 | 657 | Finance |
5 | Commonwealth Bank of Australia | 36 | 6.3 | 613 | Finance |
6 | Westpac Banking Corporation | 32 | 5.5 | 567 | Finance |
7 | Australia & New Zealand Banking Group | 28 | 5.1 | 571 | Finance |
8 | Telstra | 21 | 3.2 | 31 | Telecommunications |
* Corporate data calculated using the exchange rate 1.227 AUD = 1 USD
Household Wealth: $7.2 trillion (462% of GDP) in 201410
Household Wealth per Adult: $430,777 in 201410
Gini Coefficient: .303 in 200811
Central Government
Central Government Revenue: $494 billion (32% of GDP) in 201312
Central Government Expenditure: $514 billion (33% of GDP)in 201312
Central Government Budget Balance: -$20 billion (-1% of GDP) in 201312
Central Government Public Debt: $527 billion (34% of GDP) in Q3 2014* 13
Central Government 10 Year Bond Interest Rate: 2.72% on Jan 11, 201514
* Public debt calculated using the exchange rate of 1.227 AUD = 1 USD
Public Funds
Future Fund: $104 billion (7% of GDP) on Sept 30, 201415
Tax Structure
Personal Income Tax Rates and Thresholds in 2013* 16
Corporate Tax Rate: 30%17
* Thresholds calculated using the exchange rate of 1.227 AUD = 1 USD
Money Supply (M1): $255 billion (16% of GDP) in Nov 2014* 18
Benchmark Interest Rate: Cash Rate = 2.5% in 201419
Total Reserves: $533 billion (34% of GDP) in 201320
Exchange Rate: 1.227 Australian Dollars = 1 U.S. Dollar on Jan 9, 201521
Inflation: 2.4% in 201322
* Money supply calculated using the exchange rate of 1.227 AUD = 1 USD
Top 9 Financial Institutions by Assets 201323
Rank | Financial Institution | Assets ($ billions) 2013* |
1 | National Australia Bank | 720 |
2 | Commonwealth Bank of Australia | 613 |
3 | ANZ Banking Group | 572 |
4 | Westpac Banking Corporation | 568 |
5 | Macquarie Group | 118 |
6 | Suncorp Group | 78 |
7 | Bankwest | 60 |
8 | Bendigo and Adelaide Bank | 49 |
9 | Bank of Queensland | 35 |
* Assets calculated using the exchange rate of 1.227 AUD = 1 USD
Exports: $251 billion (16% of GDP) in 201324
Imports: $246 billion (16% of GDP) in 201324
Trade Balance: +$5 billion (0% of GDP) in 201324
Foreign Direct Investment Inflow: $50.8 billion (3% of GDP)in 201325
Foreign Direct Investment Outflow: $7.4 billion (0.5% of GDP) in 201325
Foreign Aid Inflow: N/A
Foreign Aid Outflow: $4.8 billion (0.3% of GDP) in 201326
1. Source: World Bank Indicators (Population) Go back
2. Source: World Bank Indicators (GDP) Go back
3. Source: World Bank Indicators (GDP per capita) Go back
4. Source: World Bank Indicators (GDP per capita PPP) Go back
5. Source: The Guardian (GDP growth rate) Go back
6. Source: United Nations Statistics Division (GDP by industry) Go back
7. Source: World Bank Indicators (Unemployment rate) Go back
8. Source: International Labor Organization, Downloads (Employment by economic activity) Go back
9. Source: Annual reports (Corporate data) Go back10. Source: Credit Suisse Global Wealth Databook (Household wealth) Go back
11. Source: CIA World Factbook (Gini coefficient) Go back
12. Source: CIA World Factbook (Government budget) Go back
13. Source: OECD Stats, National Accounts, Quarterly Public Sector Debt (Public debt) Go back
14. Source: Bloomberg (Government bond yield) Go back
15. Source: Australia Future Fund (Public funds) Go back
16. Source: OECD Stat Extracts, Public Sector, Tax Database (Individual tax rates) Go back
17. Source: Tax Foundation (Corporate tax rate) Go back
18. Source: Reserve Bank of Australia, Money and Credit Statistics (Money supply) Go back
19. Source: Reserve Bank of Australia (Benchmark interest rate) Go back
20. Source: World Bank Indicators (Total reserves) Go back
21. Source: Google Finance (Exchange rate) Go back
22. Source: World Bank Indicators (Inflation rate) Go back
23. Source: Relbanks.com (Financial institutions by assets) Go back
24. Source: CIA World Factbook (Trade data) Go back
25. Source: OECD FDI in Figures (FDI data) Go back
26. Source: OECD Aid Statisitcs (Aid outflow) Go back