Investment (gross fixed):
27.3% of GDP (2007 est.)
Budget:
revenues: $321.9 billion expenditures: $315.8 billion (2007 est.)
Fiscal year:
1 July - 30 June
Public debt:
15.6% of GDP note: the Commonwealth government eliminated its net debt in 2006, but continues a gross debt issue to support the market for risk-free securities (2007 est.)
Inflation rate (consumer prices):
2.3% (2007 est.)
Central bank discount rate:
NA
Commercial bank prime lending rate:
10.02% (31 December 2007)
Stock of money:
$298.5 billion (31 December 2007)
Stock of quasi money:
$667.2 billion (31 December 2007)
Stock of domestic credit:
$1.312 trillion (31 December 2007)
Agriculture - products:
wheat, barley, sugarcane, fruits, cattle, sheep, poultry
Industries:
mining, industrial and transportation equipment, food processing, chemicals, steel
Industrial production growth rate:
4.1% (2007 est.)
Electricity - production:
244.2 billion kWh (2007 est.)
Electricity - consumption:
220 billion kWh (2006 est.)
Electricity - exports:
0 kWh (2007 est.)
Electricity - imports:
0 kWh (2007 est.)
Electricity - production by source:
fossil fuel: 90.8% hydro: 8.3% nuclear: 0% other: 0.9% (2001)
Oil - production:
600,000 bbl/day (2008 est.)
Oil - consumption:
966,200 bbl/day (2007 est.)
Oil - exports:
337,400 bbl/day (2005)
Oil - imports:
615,000 bbl/day (2005)
Oil - proved reserves:
1.5 billion bbl (1 January 2008 est.)
Natural gas - production:
43.62 billion cu m (2007 est.)
Natural gas - consumption:
29.4 billion cu m (2007 est.)
Natural gas - exports:
19.91 billion cu m (2007 est.)
Natural gas - imports:
5.689 billion cu m (2007 est.)
Natural gas - proved reserves:
849.5 billion cu m (1 January 2008 est.)
Current account balance:
-$56.78 billion (2007 est.)
Exports:
$142.1 billion (2007 est.)
Exports - commodities:
coal, iron ore, gold, meat, wool, alumina, wheat, machinery and transport equipment
Exports - partners:
Japan 18.9%, China 14.2%, South Korea 8%, US 6%, NZ 5.6%, India 5.5%, UK 4.2% (2007)
Imports:
$160 billion (2007 est.)
Imports - commodities:
machinery and transport equipment, computers and office machines, telecommunication equipment and parts; crude oil and petroleum products
Imports - partners:
China 15.5%, US 12.8%, Japan 9.6%, Singapore 5.6%, Germany 5.2%, UK 4.3%, Thailand 4.2% (2007)
Economic aid - donor:
ODA, $2.123 billion (2006)
Reserves of foreign exchange and gold:
$26.91 billion (31 December 2007 est.)
Debt - external:
$826.4 billion (31 December 2007)
Stock of direct foreign investment - at home:
$315 billion (2007 est.)
Stock of direct foreign investment - abroad:
$280.6 billion (2007 est.)
Market value of publicly traded shares:
$804.1 billion (2005)
Currency (code):
Australian dollar (AUD)
Currency code:
AUD
Exchange rates:
Australian dollars (AUD) per US dollar - 1.2137 (2007), 1.3285 (2006), 1.3095 (2005), 1.3598 (2004), 1.5419 (2003)
Communications
Australia
Telephones - main lines in use:
9.76 million (2007)
Telephones - mobile cellular:
21.26 million (2007)
Telephone system:
general assessment: excellent domestic and international service domestic: domestic satellite system; significant use of radiotelephone in areas of low population density; rapid growth of mobile cellular telephones international: country code - 61; landing point for the SEA-ME-WE-3 optical telecommunications submarine cable with links to Asia, the Middle East, and Europe; the Southern Cross fiber optic submarine cable provides links to New Zealand and the United States; satellite earth stations - 19 (10 Intelsat - 4 Indian Ocean and 6 Pacific Ocean, 2 Inmarsat - Indian and Pacific Ocean regions, 2 Globalstar, 5 other) (2007)
Radio broadcast stations:
AM 262, FM 345, shortwave 1 (1998)
Radios:
25.5 million (1997)
Television broadcast stations:
104 (1997)
Televisions:
10.15 million (1997)
Internet country code:
.au
Internet hosts:
11.134 million (2008)
Internet Service Providers (ISPs):
571 (2002)
Internet users:
11.24 million (2007)
Transportation
Australia
Airports:
461 (2007)
Airports - with paved runways:
total: 317 over 3,047 m: 11 2,438 to 3,047 m: 12 1,524 to 2,437 m: