Australian Economy Report - one of the largest capitalist economies in the world

The Australian Securities Exchange is the main stock exchange in Australia. Many of the world’s largest companies, particularly in commodities, are based in Australia. While many of the world’s banks have been failing or facing very hard times, Australia’s finance sector, built upon regulation and prudence, has weathered the storm better than most other countries.

By Scott O. Talbot

The Gross Domestic Product (GDP) in Australia was valued at 1560.60 billion in 2013. The GDP value of Australia represents 2.52 percent of the world economy. GDP in Australia averaged 348.54 USD Billion from 1960 until 2013, reaching an all time high of 1560.60 USD Billion in 2013 and a record low of 18.60 USD Billion in 1960.

GDP in Australia is reported by the World Bank Group.
- GDP 1560.60
- GDP Growth Rate 1.10
- GDP Annual Growth Rate 3.50
- GDP Constant Prices 394929.00

The Australian Economy has one one the highest World Rankings.

Australia has maintained its AAA credit rating by financial evaluators, making it one of only 8 countries to have a AAA rating from the three major global ratings agencies.

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Australian Economic Growth