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

Financial Growth

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

Low Unemployment

Unemployment is low, at around 5/6%

GDP

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

Triple A

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

Australian Agriculture

Australian agriculture feeds around 60 million people per year

Index of Economic Freedom

Australia is currently ranked fifth on the Index of Economic Freedom

Australian Industries

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

Business Expenditure

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

More information about living in Australia

Read to find out more…

Want to get started with public transport research?

Public Transport

Want to find out about the Australian economy?

Buildings in Australia

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