country profile australia

Country profile of Australia 1

Presented by:- Avishek kumar mishraDOON BUSINESS SCHOOLMBA 3rd sem -Finance

20-11-2013

COUNTRY PROFILE OF AUSTRALIA

Country profile of Australia 220-11-2013

AUSTRALIA MAP


WORLD MAP


Australia ranks as one of the best places to live in the world by all indices of income

Human development, healthcare and civil rights

The sixth-largest country in the world by land mass

Its comparatively small population is concentrated in the highly-urbanised east of the Australian continent.

Currency :- Australian Dollar (AUD)

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POSITION OF WORLD


FLAG


Demographics Population growth rate 1.126% (2012 est.)Age structure 0-14 years: 18.2% (male 2,050,403/female 1,946,829)

15-24 years: 13.5% (male 1,524,835/female 1,447,607)



65 years and over: 14.4% (male 1,451,869/female 1,707,744) (2012 est.)

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Area Australia's landmass of 7,617,930 square

kilometres (2,941,300 sq mi) is on the Indo-Australian Plate

Surrounded by the Indian and Pacific oceans The world's smallest continent

Poulation The population of Australia is estimated to be

23,251,982 as of 18 November 2013 52nd rank around the word

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Birth rate 12.28 births/1,000 population (2012 est. Rank 164)

Death rate 6.94 deaths/1,000 population (July 2012 est. Rank 146)

Major cities – population:- Sydney 4.429 million Melbourne 3.853 million Brisbane 1.97 million Perth 1.599 million CANBERRA (capital) 384,000 (2009)

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Infant mortality rate Total: 4.55 deaths/1,000 live births Male: 4.87 deaths/1,000 live births Female: 4.21 deaths/1,000 live births (2012

est.)

Life expectancy at birth Total population: 81.9 years

Male: 79.48 years Female: 84.45 years (2012 est.)

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Australia’s system of government is founded in the liberal democratic tradition

Australia’s institutions and practices of government reflect British and North American models

One of the oldest continuous democracies in the world Australia’s government is based on a popularly

elected parliament with two chambers: the House of Representatives and the Senate

Australia is an independent nation, Queen Elizabeth II of Great Britain is also formally Queen of Australia.

Sibilates of the federal government, which include foreign relations, trade, defense and immigration

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Australia's system of government


The growth of the economy of Australia is phenomenal and this country is among the first five developed countries of the world

Australian economic system are trade, manufacturing, services and finance

Unemployment rate 5% in 2013 & 11% in 1992 GDP of US$1.57 trillion Australia's total wealth is 6.4 trillion dollars Australia is the 19th-largest importer and 19th-largest

exporter. Australian Securities Exchange is largest stock exchange

in Australia and in the South Pacific And ranks 9th in the world in terms of market

capitalisation20-11-2013

Economic system of Australia


Six states joined together to form the Commonwealth of Australia and the Australian Government

State governments also have their own constitutions, as well as a structure of legislature, executive and judiciary.

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State and territory government


STRUCTURE


The current account deficit, seasonally adjusted, raise $610m (7%) to $9,350m in the June quarter 2013. There was a turnaround of $140m on the balance on goods and services, resulting in a deficit of $18m in the June quarter 2013. The primary income deficit rose $479m (6%) to $9,008m.

In seasonally adjusted chain volume terms, the surplus on goods and services fell $154m (2%) from $7,306m in the March quarter 2013 to $7,152m in the June quarter 2013. This is expected to detract 0.04 percentage points from growth in the June quarter 2013 volume measure of GDP.

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Balance of Payments


Australia's net IIP liability position was $816.9b at 30 June 2013, a decrease of $31.8b on 31 March 2013. Australia's net foreign debt liability increased $23.1b to a liability position of $762.2b. Australia's net foreign equity liability decreased $54.9b to a liability position of $54.8b.

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INTERNATIONAL INVESTMENT POSITION (IIP)


Mar Qtr 2013

Jun Qtr 2013

Mar Qtr 2013 to Jun Qtr 2013

$m $m % change

BALANCE ON CURRENT ACCOUNT

Trend estimates -10 985 -8 556 22

Seasonally adjusted -8 740 -9 350 -7

BALANCE ON GOODS AND SERVICES

Trend estimates -1 754 511 (a). .

Seasonally adjusted 122 -18 (a). .

NET PRIMARY INCOME Trend estimates -8 902 -8 741 2

Seasonally adjusted -8 529 -9 008 -6

LEVELS AT END OF PERIOD

International Investment Position

848 698 816 937 -4

Net foreign equity 109 614 54 764 -50

Net foreign debt 739 084 762 173 3

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English is Australia’s national language The most commonly spoken languages after

English are Italian, Greek, Cantonese, Arabic, Vietnamese and Mandarin

Australia is a predominantly Christian country, with around 64 per cent of all Australians identifying as Christians

Australians love their sport, both playing it and watching it.

The Australian wine sector is recognised internationally as producing a full range of high-quality wine styles and varietals to match any dish

Climatic conditions, from tropical monsoons to hot, dry weather and snow.

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Socio-Cultural Environment


There are no laws or rules on clothing But Australians are expected to wear

certain clothing in work situations Outside the work situation, clothing is a

personal choice—people dress for comfort, the social situation or the weather.

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Australia Inflation Rate The inflation rate in Australia was recorded at 2.20 percent in the third quarter of 2013

The Gross Domestic Product per capita in Australia was last recorded at 37228.20 US dollars in 2012

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Inflation Rate, Per Capital Income


Department of Innovation, Industry, Science and Research:- encourages knowledge creation, cutting edge science and research, international competitiveness and greater productivity

Food Science Australia :- (joint venture of the CSIRO (Commonwealth Scientific and Industrial Research Organisation) and the Victorian government) - Australia’s largest and most diversified food research organisation committed to turning scientific research into innovative solutions for the food industry in Australia and overseas.

IP Australia:- the federal government agency

responsible for granting rights in patents, trade marks and designs.

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Technological Environment


CSIRO:- The Commonwealth Scientific and Industrial Research Organisation, is Australia's national science agency and one of the largest and most diverse research agencies in the world.)

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Meaning :- A trade bloc can be defined as a ‘preferential trade agreement’ (PTA) between a subset of countries, designed to significantly reduce or remove trade barriers within member

Members:- The European Union (EU), North American Free Trade Association (NAFTA) World Trade Organisation (WTO) Asia-Pacific Economic Cooperation (APEC) ASEAN Free Trade Area (AFTA)

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Member of Trading Blocs


Asia-Pacific Economic Cooperation (APEC) Industrial Science and Technology Working Group

The Organisation for Economic Co-operation and Development (OECD):- The department is actively involved in two major committees of the OECD: the Committee for Scientific and Technological Policy (CSTP), and the Committee for Industry, Innovation and Entrepreneurship (CIIE).

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Collaboration with multilateral and regional

organisations


The United Nations Educational, Scientific and Cultural Organisation (UNESCO):- The organisation aims to contribute to global peace and security by promoting international collaboration in education, science, culture and communications

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Major Industries• Automobiles• Food & beverage• Consumer services:- Retail, Media, Specialized

consumer services• Financials:- Banking, Financial services,

Insurance, Real estate • Industrials• Oil & gas• Technology• Chemicals• Basic resources

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Major Industries, Prominent Companies


Chemicals :- Nufarm, chemicals manufacturer Basic resources:- Alumina Limited, aluminium

Arrium, mining, etc. Automobiles:- Australian Motor Industries (AMI), bought out

by Toyota, Elfin Cars, sports car manufacturer, Holden, auto manufacturing, owned by the

General Motors Corporation of America, typically sold as a Chevrolet abroad, etc.

Bank:- Australia and New Zealand Banking Group (ASX: ANZ), etc.

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Companies


Trade with India

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country profile australia

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