学生版5Chapter15 Section 3 National Economy.pdfVIP

Understanding Australia and New Zealand Understanding Australia Chapter 15 History, Politics and Economy Section 3 National Economy Australian Dollar Currency ($A or A$, AU$ or $AU, AUD) Australian dollars per US dollar: Exchange rates 1.3285 (2006), 1.3095 (2005), 1.3598 (2004), 1.5419 (2003), 1.8406 (2002) Trade organizations APEC, WTO and OECD GDP (PPP) $674.6 billion (2006 est.) Inflation (CPI) 3.5% (2006 est.) Labor force 10.74 million (2006 est.) mining, industrial and transportation equipment, food Main industries processing, chemicals, steel Agriculture products wheat, barley, sugarcane, fruits; cattle, sheep, poultry coal, gold, meat, wool, alumina, iron ore, wheat, Export goods machinery and transport equipment machinery and transport equipment, computers and Import goods office machines, telecommunication equipment and parts; crude oil and petroleum products Australia has a prosperous, Western-style market economy. Australia’s annual GDP has been growing by an average of 3.3 per cent since 1990, well above the rate of world growth and ahead of other developed economies. GDP in 2006 reached $674.6 billion. The stable economic growth is coupled with low inflation. Inflation rate in 2006 was 3.5 per cent. Rich in natural resources, Australia is a major exporter of agricultural