AUSTRALIA

General information:
Capital: Surface area: Official language: Population: Exchange rate: Canberra 7,692 thousand sq km English 21.1 million (2007) A$1 = US$ 0.9131 (Feb 2008) 2003 527.7 600.1 26,364 30,112 3.4 -28,566 -5.4 17.9 2.4 2004 640.3 636.3 31,610 31,551 3.4 -38,895 -6.1 18.1 2.6
Real GDP growth
% 5 4 160,000 120,000 80,000 40,000 Exports Imports 3 2 40,000 1 0 2003 20,000 A$m 120,000 100,000 80,000 60,000

Fact Sheet

Fact sheets are updated biannually; May and September

Head of State: H.M. Queen Elizabeth II, represented by the Governor-General Major General Michael Jeffery Head of Government: Prime Minister The Hon Mr Kevin Rudd 2005 713.9 672.5 34,741 32,898 3.0 -41,050 -5.8 19.4 2.8 2006 757.5 713.1 36,325 34,375 2.6 -41,470 -5.5 20.8 3.3 2007(a) 910.9 760.8 43,178 36,258 4.1 -56,517 -6.2 20.0 3.0 2008(b) 1,046.8 801.0 49,271 37,701 3.2 -65,574 -6.3 20.8 3.5

Recent economic indicators:

GDP (US$bn) (current prices): GDP PPP (US$bn) (c): GDP per capita (US$): GDP per capita PPP (US$) (c): Real GDP growth (% change YOY): Current account balance (US$m): Current account balance (% GDP): Goods & services exports (% GDP): Inflation (% change YOY):
Australia's merchandise trade
A$m 200,000

Australia's merchandise exports

2002 2007

2002

2003

2004

2005

2006

2007

2004

2005

2006

2007

2008

Primary

STMs

ETMs

Other

Australia's trade and investment relationships (d):

Major Australian exports, 2007 (A$m) (e): Coal Iron ore Non-monetary gold Crude petroleum Aluminium ores (incl. alumina) Australian merchandise trade, 2007: Exports (A$m): Imports (A$m): Total trade (exports + imports) (A$m): Merchandise trade deficit (A$m): Australia's main export destinations, 2007 (e): 1 Japan 18.9% 2 China 14.1% 3 Republic of Korea 8.0% 4 United States 6.0% 5 New Zealand 5.6% Australia's trade in services, 2007: Exports of services (A$m): Imports of services (A$m): Services trade surplus (A$m): Australia's investment links, as at 31 Dec 2007: Level of Australian investment abroad (A$m): Level of foreign investment in Australia (A$m): 48,042 46,054 1,988 884,365 1,621,192 20,753 16,112 11,359 7,966 6,058 168,055 187,796 355,851 19,741 Australia's main import sources, 2007 (e): 1 China 2 United States 3 Japan 4 Singapore 5 Germany 15.5% 12.6% 9.6% 5.6% 5.2% Major Australian imports, 2007 (A$m) (e): Crude petroleum Passenger motor vehicles Refined petroleum Computers Medicaments (incl. veterinary) 14,648 13,849 8,235 6,904 6,437

Compiled by the Market Information and Analysis Section, DFAT, using the latest data from the ABS, the IMF and various international sources. (a) All recent data subject to revision; (b) IMF forecast; [c] PPP is purchasing power parity; (d) Total may not add due to rounding; (e) Merchandise trade.