Australia Economy - 1986

GEOGRAPHICAL NAMES 

GDP: $173.6 billion (1984), $11,172 per capita; 60% private consumption, 22% investment, 17.1 % government expenditure; 2.8% real average annual growth (1978-84)

Natural resources: bauxite, coal, iron ore, copper, tin, silver, uranium, nickel, tungsten, mineral sands, lead, zinc, diamonds, natural gas, oil

Agriculture: large areas devoted to grazing; 60% of area used for crops is planted in wheat; major products—wool, lamb, beef, wheat, fruits, sugarcane, self-sufficient in food

Major industries: mining, industrial and transportation equipment, food processing, chemicals

Crude steel: 5.6 million metric tons produced (1983)

Electric power-30,000,000 kW capacity (1985); 110 billion kWh produced (1985), 7,040 kWh per capita

Exports: $24.0 billion (f.o.b., 1984); principal products—coal, wool, iron ore, lamb other meat, dairy products

Imports: $26.0 billion (f.o.b., 1984); principal products—manufactured raw materials, capital equipment, consumer goods

Major trade partners: (1983-84) exports— 26% Japan, 11% US, 6% New Zealand, 4% North Korea, 4% Singapore, 3% USSR; imports—22% US, 22% Japan, 7% UK, 6% FRG. 4% New Zealand

Md. donor—ODA and OOF economic aid commitments (1970-83), $6.3 billion

Budget: (FY85-86 proj.) expenditures, $ 18 billion; receipts, $51.5 billion; deficit, $3.5 billion

Monetarsy conversion rate: 1.44 Australian dollar=US$l (6 February 1986)

Fiscal year: 1 July-30 June

NOTE: The information regarding Australia on this page is re-published from the 1986 World Fact Book of the United States Central Intelligence Agency and other sources. No claims are made regarding the accuracy of Australia 1986 information contained here. All suggestions for corrections of any errors about Australia 1986 should be addressed to the CIA or the source cited on each page.