Thursday, 5 December 2019

Australia Economy Growth is at Below Average


Australia economy growth is at below average rate in the September quarter. That's from the Australian Bureau of Statistics. The economy continues to grow, but the rate of growth is below average. The Australian economy advanced a seasonally adjusted 0.4% in the 2019 September quarter.

The economy of Australia is a highly developed market economy. Australia GDP is A$1.69 trillion as of 2017. In 2017, Australia was the 13th largest national economy by nominal GDP. 

Australia has many reserves of minerals such as iron ore, nickel, aluminum, copper, silver, golduranium, diamonds, opal, silica, and other minerals. Australia is second only to China in terms of gold production and mining.

The capital of Australia is Canberra. It was founded in 1913. It is located on the south-eastern side of Australia. Canberra is located approximately midway between Melbourne and Sydney. Here are the largest cities in Australia by population 2019: Sydney (largest city ranked by population), Melbourne, Brisbane, Perth, Adelaide, Gold Coast, Canberra and Newcastle.

The population of Australia in 2019 is 25.415 million.

Australia's most iconic animals are kangaroo, koala, echidna, platypus, dingo, wallaby and wombat.

eBay Australia has more than 40,000 third-party sellers who offer their products to more than 11 million unique people per month. eBay Australia estimated revenue is $6.54 billion. eBay Australia makes up more than half of all Australia's online retail sales (excluding food).

Australia's national currency is AUD (Australian Dollar). It comes in polymer (plastic) notes of 5, 10, 20, 50 and 100.  

Australia is one of the 7 continents of the world are. The continents are Asia, Africa, Europe, Australia, North America, South America, and Antarctica.

Interesting Australia news links:

Australian News - macrobusiness.com.au

Interesting News Links - November 15 2019 - macrobusiness.com.au

The big smoke: how bushfires cast a pall over the Australian summer - theguardian.com

Frustrating cities behind Australia urban design fails - theguardian.com

Australia methamphetamine record breaking bust - cnn.com

Footage of cattle in distress sparks outrage in Australia - theguardian.com

Australia big 4 banks forced to hold billions in New Zealand - abc.net.au

How long can you survive in Australia's outback? - bbc.com

Century old shipwreck discovered by abalone diver - abc.net.au

Rare Minimoon fireball over Australia desert - space.com

2 comments:

  1. Eastern Australia’s bushfires are a tough problem. Sydney faces tough water restrictions. New South Wales could create new restrictions. It’s unfortunate that the fires killed several people since October. There are currently more than 100 fires in New South Wales and Victoria states. Restrictions could be like not being allowed to water gardens during certain hours in the day. They could use a bucket or watering can, but hoses and sprinklers are banned. There are also restrictions on washing cars and filling swimming pools. Fines for breaking the rules could be something like A$220 to A$550.

    Hopefully, Sydney’s dam level will not become too low. Firefighters are working on fighting the fires.

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  2. Australia is having some extreme heat. People have died in fires that have destroyed over 37,000 square kilometres of bush. Firefighters are making efforts to fight the fires. It's unfortunate that many houses were destroyed. Some people stay and try to defend their properties. The sweltering heat is intense. These bushfires must be stopped.

    I hope crews can continue to work successfully to identify and strengthen fire containment lines. Hopefully, the weather conditions are favorable over the coming days.

    ReplyDelete