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-ECONOMY
Introduction
Classification of
countries :-
classificat income No. of Example.
ion countrie
s
Low Below 53 Haiti
income 935 $
Lower 936 to 55 Guatemal
middle 3705 $ a
income
Upper 3706 to 41 Mexico
middle 11455
Higher 11455 60 Australia
income above
60000
Graph
Gross national income Net national income
50000
40000
30000
20000
10000
0
Australia
• largest
island.
• Located.
• Smallest
among the
continent.
Area covered:-
Area 7,682,300 sq km.
Highest Mt.kosciusko
point 2.228m/7,310 ft.
• The Commonwealt
h of Australia is
made up of six
states.
• The capital of
Australia is
Canberra, and the
largest city is
Sydney; both are
located in the
southeast.
Australia's population [ 2008
estimate] :-
Population :- 2,06,00,856
20500000
20000000
19500000
19000000
population
18500000
18000000
17500000
17000000
16500000
1998 2000 2002 2004 2006 2008
GOVERNMENT:-
Local government
Judiciary
Executive
The economy of Australia
• Prosperous,
• High-income economies
60 countries (e.g., Australia)
• Free market economy i.e.
capitalist economy.
• 14th largest economy by
nominal GDP, with a size of
$889 billion in 2007.
Economy of Australia :-
IN BILLIONS
910
900
890
880 IN BILLIONS
870
860
850
840
2005 2006 2007 2008 2009
Imports :-
Origins of Imports (%)
AUSTRALIA:-
• China (14%)
• U.S. (14%)
• Japan (10%)
• Singapore (6%)
• Germany (5%)
Composition of Exports (%)
%
others
5%
manufacture
d
18%
4
In %
3
0
2006 2007 2008 2009
Relationship with other
countries
• Asia :- economically
wellbeing
• Japan:- capital financing
• China:- primary export
Relationship with India
Export Import :-
Earlier :- Pearls,
Coal :- Sydney Semi precious
Horses :- new stone,
south Wales Textile & clothing
Current :-
Mined &
agricultural goods
Monetary policy and it’s
effects
• RBA introduced low bank rate
• Adopted contractionary
monetary policy
• Controlled inflation
Fiscal policy and it’s effects
• Keynesian economic
policy
• Recession
• Inflation
Australian Dollar (AUD, A$,
AU$) :-
Introduction
Value of
coins
Exchange
rate
Transactions
Australia Economic
Growth
• Overall economic condition of
Australia.
• Australia economic growth: Current
situation.
• Growth in Australian gross domestic
product.
• Domestic demand in Australia.
• Warnings by central bank in
Australia.
• Reasons behind Australia's financial
crisis.
Composition of GDP
minning industries
13%
8%
agriculture
3%
service
76%
Australia’s GDP Growth
%
2008
2007
2006
%
2005
2004
2003
38000
37000
36000
35000
34000 $
33000
32000
31000
30000
29000
28000
2004 2005 2006 2007 2008
TAXATION :-
1. PERSONAL TAX :-
The tax rates for the
2008-09 tax year are:
0% From 0 to 6,000
15% From 6,001 to 34,000
30% From 34,001 to 80,000
40% From 80,001 to 180,000
45% Above 180,000
2. CORPORATE TAX
3. GOODS & SERVICES
TAX
4. PROPERTY TAX
5. EXCISE TAX
Economic statistics
• Australia’s GDP economic
statistics
• Australia’s labour force statistics
• Australia’s investment statistics
• Budget statistics
• Public debt statistics
• Inflation rate
• Stock of money statistics
ECONOMIC REPORT
• Infrastructure
• Export
• depreciation on renovation
• Automobile, house &
unemployment
• Rate of interest
• consumer confidence
FUTURE PLANS
• Modern ,Productive & Flexible
economy.
• Grab new economic
opportunities.
• Raise human capital
• Investment in infrastructure
Current concerns
• Large current account
deficit.
• Real estate bubble.
• High levels of net foreign
debt owed by the private
sector.
THANKING
YOU