Australia News

Australian economy is considered to be one of the strongest economies in the world, with almost two consecutive decades of growth and the unemployment rate falling to generational lows. As a result of nearly three decades of structural and policy reforms the economy is flexible, resilient and increasingly integrated with global markets. Australia's economy is dominated by its services sector, yet it is the agricultural and mining sectors that account for the bulk of Australia's exports. Australia is highly industrialized and manufactured goods account for most of the gross domestic product. Its chief industries include mining, food processing, and the manufacture of industrial and transportation equipment, chemicals, iron and steel, textiles, machinery, and motor vehicles. Australia has rich mineral resources. The country is an important producer of opals and diamonds.

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