In recent decades, Australia has transformed itself into an internationally competitive, advanced market economy. Australia’s economy is dominated by its service sector, representing 70% of GDP, but the agricultural and mining sectors (10% of GDP combined) account for more than 60% of its exports. the narrow export base has, however, undermined the country's balance of payments, and Australia has had persistently large current account deficits. For that reason, the government has attempted to develop the country’s manufacturing sector.
Telecommunications is an important aspect of the Australian economy, as is road and rail transportation, since distances are large and the country has a very low population density. there are seven designated international airports – Adelaide, Brisbane, Cairns, Darwin, Melbourne, Perth and Sydney. Ports serving international commercial traffic are also concentrated around the main cities, but there are additional specialised ports serving mineral resources, such as iron ore.
Australia FactsCountry Name: Australia
Coordinates: 32°00'S 141°00'E
Capital Coordinates: 35°18'S 149°7'E
Other Main Cities: Sydney, Melbourne, Brisbane, Perth, Adelaide
Official Language(s): English
Ethnic Group(s): 92% White, 7% Asian, 1% Aboriginal and other
Demonym: Australian, "Aussie"
Currency: Australian Dollar, AUD, A$
GDP: $960.722 billion
Time Zone: Various (UTC+8 to +10.5), Summer (DST) Various (UT
International Dialling Code: 61
Internet TLD: .au
Electricity Voltage: 230 Volts AC (50Hz)