(BEO3378) International Economics and Finance 国际经济理论作(2)

Part 1: An overview of the Australian Economy

Size of Economy

As for Australia, the total GDP ranked in the 12th of the whole world in 2014, and the GDP

per capita ranked the 4th in 2014.

Table 1: Indicator of economy

Population

GDP (million)

GDP per capita

(current US$)

Exports of goods

and services (% of

GDP)

Imports of goods

and services (% of

GDP)

Source: World Bank

Graph 1: Australia GDP per capita vs OECD countries 2010 22031750 1,141,267 51,801 2011 22340024 1,388,066 62,133 2012 22728254 1,534,425 67,511 2013 23125868 1,560,372 67,473 2014 23490736 1,453,770 61,887 19.5 21.2 21.3 19.9 20.9 20.4 20.1 21.5 21.1 21.4

Source: World Bank

Main industries

The indicator of Industry value added is used for showing the main industries.

Table 2:Industry value added ($m) 2012-13

2013-14

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