Australia Brazil Chamber of Commerce

About Australia

Population: 20.2 million

Area: 7,692,030 sq Km

2004 GDP (US$bn): 617.6

Real GDP Growth (5 change YOY): 3.2

GDP per capta (US$): 30,622

Inflation: 2.6

Goods & Services Exports: 18.2

Major export item: Coal

Principal trading partner: Japan

FACTS:

Australia has one of the strongest economies in the world, reaching a budget surplus of $8 billion—one per cent of gross domestic product (GDP)in
2003-2004. The Australian Government’s net debt fell by $6.2 billion in 2003–04 to $23.4 billion.
Australia’s inflation rate has been stable over the past decade (in 2003–04 was just 2.4 per cent).
From 1990, Australia’s productivity has been growing at an average annual rate of over 2.3 per cent and the mall business sector accounts for 58 per cent of employment growth over the past six years, generating about 30 per cent of Australia’s economic production.
Australia's food industry had an annual turnover of over $65 billion in 2002–03 and accounted for 46 per cent of total retailing turnover in that year.
Australia has an open economy with a business-friendly tax system and low barriers to trade and investment.
The goods and services tax (GST) is levied at 10 per cent and applies to almost all goods and services. There is no stamp duty on share transactions, and business taxes include company tax rates of 30 per cent.
Australian businesses are internationally competitive and there are many international business opportunities thanks to low tariffs and minimal barriers to entry.
Valued at US$547 billion, Australia’s pool of investment funds under management is the fourth-largest in the world. Almost 350 000 people are employed in Australia’s finance sector. In fact
Australia is multicultural and home to citizens from some 200 countries.
Tourism is one of Australia’s most important industries, accounting for 5.7 per cent of total employment.
Australia is one of the world’s largest exporters of beef, wool producer and exporter, the world’s third-largest exporter of dairy products
Australia is the world’s second-largest wheat exporter and exported 15.2 million tonnes of wheat in 2003–04.
Australia’s native forest area is around 163 million hectares and around 13 per cent of this is classified as conservation reserve.

	The Australia-Brazil Chamber of Commerce, Inc. ABN: 28 448 695 142 - Established 1978 The Gateway to Business Between Brazil and Australia
.
Home About the ABCC NSW Queensland Victoria South Australia Membership Benefits and Services Membership Directory Membership Form About Australia About Brazil Events Newsletter Useful Links Employment Opportunities Contact Us	About Australia Population: 20.2 million Area: 7,692,030 sq Km 2004 GDP (US$bn): 617.6 Real GDP Growth (5 change YOY): 3.2 GDP per capta (US$): 30,622 Inflation: 2.6 Goods & Services Exports: 18.2 Major export item: Coal Principal trading partner: Japan FACTS: Australia has one of the strongest economies in the world, reaching a budget surplus of $8 billion—one per cent of gross domestic product (GDP)in 2003-2004. The Australian Government’s net debt fell by $6.2 billion in 2003–04 to $23.4 billion. Australia’s inflation rate has been stable over the past decade (in 2003–04 was just 2.4 per cent). From 1990, Australia’s productivity has been growing at an average annual rate of over 2.3 per cent and the mall business sector accounts for 58 per cent of employment growth over the past six years, generating about 30 per cent of Australia’s economic production. Australia's food industry had an annual turnover of over $65 billion in 2002–03 and accounted for 46 per cent of total retailing turnover in that year. Australia has an open economy with a business-friendly tax system and low barriers to trade and investment. The goods and services tax (GST) is levied at 10 per cent and applies to almost all goods and services. There is no stamp duty on share transactions, and business taxes include company tax rates of 30 per cent. Australian businesses are internationally competitive and there are many international business opportunities thanks to low tariffs and minimal barriers to entry. Valued at US$547 billion, Australia’s pool of investment funds under management is the fourth-largest in the world. Almost 350 000 people are employed in Australia’s finance sector. In fact Australia is multicultural and home to citizens from some 200 countries. Tourism is one of Australia’s most important industries, accounting for 5.7 per cent of total employment. Australia is one of the world’s largest exporters of beef, wool producer and exporter, the world’s third-largest exporter of dairy products Australia is the world’s second-largest wheat exporter and exported 15.2 million tonnes of wheat in 2003–04. Australia’s native forest area is around 163 million hectares and around 13 per cent of this is classified as conservation reserve.