australian economy

     

The Economy of Australia is a prosperous, Western-style market economy ominated by its services sector (68% of GDP), though the agricultural and mining sectors (4.7% of GDP combined ) account for 65% of its exports. Rich in natural resources, Australia is a major exporter of agricultural products, particularly grains and wool, and minerals, including various metals, coal, and natural gas. Australia occupies a continent close to the size of the contiguous United States, and has a labour force of only about ten million, less than that of New York City. Service industries have expanded in recent decades at the expense of the manufacturing sector, which now accounts for just under 12 per cent of GDP.

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