Australia Stock Market

Posted by Noman Manzoor | Posted in


The Commonwealth of Australia was created in 1901. Australia used its natural resources to not only grow its agricultural and manufacturing industries, but also to help the British in both World Wars. Partly because of the economic reforms pursued in the 1980s, Australia had one of OECD’s fastest growing economies in the 1990s. The country worries about pollution, mostly the depletion of the ozone layer, and controlling the coastal areas, in particular the Great Barrier Reef. Lately, in an effort to increase its contacts in Asia, Australia signed an agreement with Japan, which will lead the way for more collaboration in dealing with terrorism, and for combined disaster relief operations.
Capital City: Canberra (+10 GMT)
Chief of State: Queen of Australia ELIZABETH II
Head of Govt.: Prime Minister John Winston HOWARD
Currency: Australian dollar
Main Cities: Sydney, Melbourne, Brisbane
Major Languages: English
Calling Code: 61
Voltage: 220V
Stock Exchanges: Australia Stock Exchange
Primary Religions: Anglican, Roman Catholic
Main Airports
Adelaide Airport (ADL), Melbourne Airport (MEL), Sydney Airport (SYD) (Kingsford Smith)
U.S. Embassy
Moonah Place, Yarralumla, Canberra, Australian Capital Territory 2600 tel. (02) 6-214-5600
Statistics
GDP: purchasing power parity:

$640.1 billion (2005 est.)
GDP - real growth rate:
2.5% (2005 est.)
GDP - per capita: purchasing power parity:
31,900 (2005 est.)
Inflation rate (consumer prices):
2.7% (2005 est.)
Labor force:
10.42 million (2005 est.)
Exports:
$103 billion (2005 est.)
Exports - partners:
Japan 20.3%, China 11.5%, South Korea 7.9%, US 6.7%, NZ 6.5%, India 5% (2005)
Imports:
$119.6 billion (2005 est.)
Imports - partners:
US 13.9%, China 13.7%, Japan 11%, Singapore 5.6%, Germany 5.6% (2005)
Population:
20,264,082 (July 2006 est.)
Population growth rate:
0.85% (2006 est.)
Population Below Poverty Line:
NA%
Major Industries:
mining, industrial and transportation equipment, food processing, chemicals, steel
Employing Workers: 9*
Registering Property: 27*
Enforcing Contracts: 7*
Closing a Business: 12*
*2006 World Bank rank out of 175 countries

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