General information about Australia

Australian Economy

If you’re migrating to Australia – you’ll want to know about the strength of the Australian economy.

To quote the Department of Foreign Affairs and Trade:

“Australia is a stable, democratic and culturally diverse nation with a highly skilled workforce and one of the strongest performing economies in the world.”

Here are the facts and figures to back it up:

Economic growth

In 2015, Australia enjoyed its 25th year of uninterrupted annual economic growth, averaging 3.3 per cent a year

Global financial

Australia weathered the 2008 global financial crisis better than most developed economies – without a recession

Unemployment rate

Unemployment is low, at around 5/6%


Per capita GDP is higher than the UK, France and Germany in terms of purchasing power parity

Triple A rating

Australia is rated ‘triple A’ by all three global rating agencies and has levels of net public debt that are among the lowest in the OECD

Global leader

Australia is a global leader in five sectors: agribusiness, education, tourism, mining and wealth management

Tertiary education

Our country Australia has 4% of the world’s total foreign students in tertiary education. This is the third largest in the world

Agriculture feeds

Australian agriculture feeds around 60 million people per year

Index of Economic Freedom

Australia is currently ranked fifth on the Index of Economic Freedom

Business expenditure

Business expenditure on research and development has more than tripled in the last decade reaching A$18.8 billion in 2013–14


15 out of 20 industries in Australia have productivity levels above global averages

More information about living in Australia

Read on to find out more…

Figuring out where to live in Australia?

Places in Australia
Read about different places around the country

Need a place to live?

Student accomodation
Find out where to start looking for student accommodation

Need to earn $?

Working in Australia
Find out about working in Australia

Want to get started with public transport research?

Transport in Australia
Read our travel and transport in Australia

Want to find out about the Australian economy?

Read our general info article

And lastly, visit our pages on migrating to Australia and studying in Australia to learn how to get you new life started.