Comparative Snapshot Of Australia's Economic Development

TABLE OF CONTENTS

Executive Summary------------------------------------------------------------2

Introduction-----------------------------------------------------------------

1. Comparative Snapshot of USA, Japanese, and Australian Economics--------------------------------------------------------------------------4

2. Comparative Historical Profile of the USA, Japan and Australia's Economic Development--------------------------------------------------------7

3. Overview of Australia's International Trading Pattern with USA and Japan-----------------------------------------------------------------------------

4. Operations of Labor Market in the USA, Japan and Australia-----13

Conclusion-------------------------------------------------------------------1

Bibliography--------------------------------------------------------------------1

EXECUTIVE SUMMARY

This paper
Population Density 2.6 persons per square kilometer for total area 337 persons per square kilometer for total area 31 persons per square kilometer for total area
Annual Inflation Rate 3.5% 0.2% 3.6%
Unemployment Rate 4.9% 4.1% 4.4%
GDP Real Growth Rate 3.1% 2.8% 3.4%
Export (% of GDP) 21.1% 16.5% 11.1%
Current Account Balance (% of GDP) -5.6% 3.9% -6.6%
Saving Rate (% of GDP) 16.80 12.10 11.50
Official Interest Rate 6.25 0.25 5.25
Representative Commercial Interest Rate 8.1% 6.62% 7.0%
Urbanization Rate 92% 68% 80%
Exchange Rate Against the Euro 1.68 145.9 1.26
Percentage changes in the 'local' currency cost of the Euro over the last year -5.60 -13.32 -11.99
Principal 3 trading partners in order of importance (export ) Japan 20.4%, China 11.9%, South Korea 7.7% US 22.5%, China 14.3%, South Korea 7.8% Canada 23.4%, Mexico 13.3%, Japan 6.1%,
Principal 3 trading partners in order of importance (import) China 13.8%
USA 13.6%
Japan 10,3% China 20.5%
USA 11.8%
Saudi Arabia 6.4% Canada 17.2%
China 14.6%
Mexico