Humans have been living on the continent of Australia (name derived from "Terra Australis"; Latin for "the southern land") for approximately 65,000 years, however population growth was relatively slow until the nineteenth century. Europeans had made some contact with Australia as early as 1606, however there was no significant attempt at settlement until the late eighteenth century. By 1800, the population of Australia was approximately 350,000 people, and the majority of these were Indigenous Australians. As colonization progressed the number of ethnic Europeans increased while the Australian Aboriginal population was decimated through conflict, smallpox and other diseases, with some communities being exterminated completely, such as Aboriginal Tasmanians. Mass migration from Britain and China After the loss of its American colonies in the 1780s, the British Empire looked to other parts of the globe to expand its sphere of influence. In Australia, the first colonies were established in Sydney, Tasmania and Western Australia. Many of these were penal colonies which became home to approximately 164,000 British and Irish convicts who were transported to Australia between 1788 and 1868. As the decades progressed, expansion into the interior intensified, and the entire country was claimed by Britain in 1826. Inland colonization led to further conflict between European settlers and indigenous Australians, which cost the lives of thousands of natives. Inward expansion also saw the discovery of many natural resources, and most notably led to the gold rushes of the 1850s, which attracted substantial numbers of Chinese migrants to Australia. This mass migration from non-European countries eventually led to some restrictive policies being introduced, culminating with the White Australia Policy of 1901, which cemented ethnic-European dominance in Australian politics and society. These policies were not retracted until the second half of the 1900s. Independent Australia Australia changed its status to a British dominion in 1901, and eventually became independent in 1931. Despite this, Australia has remained a part of the British Commonwealth, and Australian forces (ANZAC) fought with the British and their Allies in both World Wars, and were instrumental in campaigns such as Gallipoli in WWI, and the South West Pacific Theater in WWII. The aftermath of both wars had a significant impact on the Australian population, with approximately 90 thousand deaths in both world wars combined, as well as 15 thousand deaths as a result of the Spanish flu pandemic following WWI, although Australia experienced a significant baby boom following the Second World War. In the past fifty years, Australia has promoted immigration from all over the world, and now has one of the strongest economies and highest living standards in the world, with a population that has grown to over 25 million people in 2020.

The statistic shows the total population of Australia from 1980 to 2023, with projections up until 2030. In 2023, Australia had a total population of about 26.95 million people. Population of Australia Australia is among the ten largest countries in the world, in terms of area size, although its total population is low in relation to this. Much of Australia’s interior remains uninhabited, as the majority of Australians live in coastal metropolises and cities. Most of the population is of European descent (predominantly British), although there is a growing share of the population with Asian heritage; only a small percentage belongs to the indigenous Aboriginal population. Australia's year-on-year population growth is fairly high compared to most other economically and demographically advanced nations, due to comparatively high rates of natural increase and immigration. Living standards Standard of living is fairly high in Australia, which can be seen when looking at the Human Development Index, which ranks countries by their level of human development and living standards, such as their unemployment rate, literacy rate, or life expectancy at birth. Life expectancy of Australia’s population is quite high in international comparison, for example, Australia is also among the leading countries when it comes to this key factor. Economically speaking, Australia is also among the leading nations, with a steadily rising employment rate, an increasing gross domestic product (GDP) with a steady growth rate, and a relatively stable share in the global GDP.

This statistic shows the share of ethnic groups in Australia in the total population. 33 percent of the total population of Australia are english. Australia’s population Australia’s ethnic diversity can be attributed to their history and location. The country’s colonization from Europeans is a significant reason for the majority of its population being Caucasian. Additionally, being that Australia is one of the most developed countries closest to Eastern Asia; its Asian population comes as no surprise. Australia is one of the world’s most developed countries, often earning recognition as one of the world’s economical leaders. With a more recent economic boom, Australia has become an attractive country for students and workers alike, who seek an opportunity to improve their lifestyle. Over the past decade, Australia’s population has slowly increased and is expected to continue to do so over the next several years. A beautiful landscape, many work opportunities and a high quality of life helped play a role in the country’s development. In 2011, Australia was considered to have one of the highest life expectancies in the world, with the average Australian living to approximately 82 years of age. From an employment standpoint, Australia has maintained a rather low employment rate compared to many other developed countries. After experiencing a significant jump in unemployment in 2009, primarily due to the world economic crisis, Australia has been able to remain stable and slightly increase employment year-over-year.

This Excel workbook contains projections of population totals of SA3 areas (2016 ASGS) in Australia from 2020 to 2035. The projections are created as the average of four extrapolative models:
(i) a constant share of population model in which local area populations are projected as the jump-off year proportion of the national population multiplied by the national projected population; (ii) a linear/exponential model which projects local area population using linear extrapolation if base period growth is positive and exponential extrapolation if it is negative; (iii) a share of growth model in which projected local population growth from the linear/exponential model is adjusted to match projected national population change; and (iv) a modified exponential model in which the exponential model is subject to floor and ceiling limits to avoid excessive growth or decline.

As of 2020, a survey conducted on graphic storytellers at work in Australia showed that about ** percent of the graphic storytelling workers surveyed were of European descent. That same year, about *** percent of the respondents said they were First Nations.

This aim of generating this dataset was to understand the culturally and linguistically diverse (CALD) older adults’ risk perceptions of COVID-19, and identify health precautions [emotional and behavioral] and emergency preparation associated with their risk perceptions and demographics. A cross-sectional survey was conducted from July 1 to December 31, 2020 in South Australia. The CALD population aged 60 years and above were approached through 11 South Australian multicultural NGOs, resulting in the completion of 155 multi-indicator surveys. The demographic characteristics and risk perception indicators were considered as explanatory variables in this study. The demographics of participants were categorized into: age [60-69 years, 70-79 years, and 80 years and above); gender [male and female]; education [no formal education, primary school, high school, Bachelors, and Masters and above; and ethnicity (country of birth; classified as Asian, African, and non-English speaking self-nominated CALD European). We used the modified version [i.e., a 15-indicator risk perception scale] of Gerhold’s (2020) COVID-19 risk perception measure, which was developed based on Slovic’s (1987) psychometric concepts― a. cognitive [i.e., likelihood of being affected] and affective dimension [i.e., fear and general concerns], and b. psychometric paradigm [i.e., severity, controllability, and personal impact]. The outcome measures were: health precautions [problem-focused and emotion-focused], behavioral dimensions and emergency preparation. The 19-indicator problem-and-emotion-focused health precaution practice scale was used, drawing on Folkman & Lazarus’s (1988) problem-focused and emotion-focused strategies. Also, seven items of behavioral dimensions and five items of emergency preparedness for coping with the COVID-19 pandemic were included. All items had 5-point Likert scales (1 = “strongly disagree” to 5 = “strongly agree”). This dataset may help the researchers who investigate multicultural health or aged care in the pandemic to link with other datasets and making use of it as a secondary use of collected data in order to develop culturally tailored pandemic-related response plan.

This dataset, released September 2020, contains usual resident population by broad age groups: 0-14, 15-24, 25-44, 45-64, 65+, 70+, 75+, 85+ years, 2019. The data is by Population Health Area (PHA) 2016 geographic boundaries based on the 2016 Australian Statistical Geography Standard (ASGS).

Population Health Areas, developed by PHIDU, are comprised of a combination of whole SA2s and multiple (aggregates of) SA2s, where the SA2 is an area in the ABS structure.

For more information please see the data source notes on the data.

Source: Compiled by PHIDU based on ABS 3235.0 Population by Age and Sex, Regions of Australia, 30 June 2019.

AURIN has spatially enabled the original data. Data that was not shown/not applicable/not published/not available for the specific area ('#', '..', '^', 'np, 'n.a.', 'n.y.a.' in original PHIDU data) was removed.It has been replaced by by Blank cells. For other keys and abbreviations refer to PHIDU Keys.

Key information about Australia Household Income per Capita

• Australia Annual Household Income per Capita reached 30,914.027 USD in Jun 2020, compared with the previous value of 34,767.371 USD in Jun 2018.
• Australia Annual Household Income per Capita data is updated yearly, available from Jun 1995 to Jun 2020, with an averaged value of 25,207.153 USD.
• The data reached an all-time high of 43,819.349 USD in Jun 2012 and a record low of 15,753.318 USD in Jun 2001.
• In the latest reports, Retail Sales of Australia grew 4.217 % YoY in May 2023.

CEIC calculates Annual Household Income per Capita from annual Weekly Average Household Income multiplied by 52, annual Number of Household and quarterly Total Population and converts it into USD. The Australian Bureau of Statistics provides Average Household Income in local currency, Number of Household and Total Population. Federal Reserve Board average market exchange rate is used for currency conversions. Household Income per Capita is in annual frequency, ending in June of each year. Household Income per Capita prior to 2008 based on 2017-2018 price.

During a survey conducted among young people aged 15 to 19 living in Australia in 2020, over ** percent of respondents who identified as Aboriginal and/or Torres Strait Islander reported being unfairly treated based on race/cultural background, compared to less than ** percent of non-Indigenous respondents.

Australia recorded a Government Debt to GDP of 43.80 percent of the country's Gross Domestic Product in 2024. This dataset provides - Australia Government Debt To GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news.

人口：15-64岁：占总人口百分比在12-01-2021达70.020%，相较于12-01-2020的70.080%有所下降。人口：15-64岁：占总人口百分比数据按年更新，12-01-1990至12-01-2021期间平均值为70.490%，共32份观测结果。该数据的历史最高值出现于12-01-2009，达71.310%，而历史最低值则出现于12-01-2021，为70.020%。CEIC提供的人口：15-64岁：占总人口百分比数据处于定期更新的状态，数据来源于Organisation for Economic Co-operation and Development，数据归类于全球数据库的澳大利亚 – Table AU.OECD.GGI: Social: Demography: OECD Member: Annual。

November 2020 - Please note this dataset has been re-released to exclude Conservation Covenant data for Victoria. The Collaborative Australian Protected Areas Database (CAPAD) 2018 provides both …Show full descriptionNovember 2020 - Please note this dataset has been re-released to exclude Conservation Covenant data for Victoria. The Collaborative Australian Protected Areas Database (CAPAD) 2018 provides both spatial and textual information about government, Indigenous and privately protected areas for Australia, in both the marine and terrestrial environments. This dataset is for terrestrial data only. State, Territory and the large NGO conservation agencies supplied data current for 30 June 2018. This is the eleventh version of the terrestrial database, with previous versions released in 1997, 2000, 2002, 2004, 2006, 2008, 2010, 2012, 2014 and 2016. The Department also publishes protected areas data for the marine environment. "CAPAD 2018 - Marine" contains spatial and text information about offshore protected areas, for both State and Commonwealth waters. Previous versions of CAPAD marine information have been published in 1997, 2002, 2004, 2008, 2010, 2012, 2014 and 2016. CAPAD provides a snapshot of protected areas that meet the IUCN definition of a protected area: "A protected area is a clearly defined geographical space, recognised, dedicated and managed, through legal or other effective means, to achieve the long term conservation of nature with associated ecosystem services and cultural values." (IUCN Definition 2008). The department publishes a summary of the CAPAD data biennially on its website at http://www.environment.gov.au/capad/. CAPAD 2018 is available for use through the CC-BY 4.0 licencing model. The main attributes of Terrestrial CAPAD 2018 are described below. For more information please refer to the CAPAD Technical Specification document. CAPAD 2018 Attributes: PA_ID: A unique code for the protected area that should persist between versions of CAPAD. In most cases this number will be generated by the DoEE, and is generally based on the RES_NUMBER provided by the data custodian. PA_PID: A unique code for a parcel or zone within a protected area that should persist between versions of CAPAD. For example, a protected area with two zones share the same PA_ID and are assigned PA_PID values of PA_ID_a and PA_ID_b. If a protected area does not have multiple parts/zones then the PA_PID is by default the same as the PA_ID. NAME: The official (gazetted) name of a protected area. Gazetted PAs with no name are flagged as "Unnamed" with a reserve number. e.g. Unnamed HA1207. TYPE: The type of protected area according to the establishment mechanism. eg. National Park, Nature Refuge, Indigenous Protected Area TYPE_ABBR: The abbreviation of the protected area TYPE. AA - Aboriginal Area ACCP - Conservation Covenant [Approved Conservation Covenant Program] ASMA - Antarctic Specially Managed Areas ASPA - Antarctic Specially Protected Areas BG - Botanic Gardens BG_COM - Botanic Gardens (Commonwealth) CA - Conservation Area CCA - Coordinated Conservation Area CCAZ1 - CCA Zone 1 National Park CCAZ3 - CCA Zone 3 State Conservation Area COR - Coastal Reserve CP - Conservation Park CR - Conservation Reserve FLR - Flora Reserve FR - Forest Reserve GR - Game Reserve HA - Heritage Agreement HIR - Historical Reserve HR - Heritage River HS - Historic Site HTR - Hunting Reserve IPA - Indigenous Protected Area KCR - Karst Conservation Reserve MA - Management Area MAA - Management Agreement Area NAP - Nature Park NCA - Natural Catchment Area NCR - Nature Conservation Reserve NFR - Natural Features Reserve NP - National Park NPA - National Park Aboriginal NPC - National Park (Commonwealth) NPS4 - National Parks Act Schedule 4 park or reserve NR - Nature Reserve NRA - Nature Recreation Area NREF - Nature Refuge NRS - NRS Addition - Gazettal in Progress NS - National Park (Scientific) OCA - Other Conservation Area OCA_NAP - Other Conservation Area or Nature Park OP - Other PA - Protected Area PNPA - Proposed National Parks Act park or park addition PNR - Private Nature Reserve PPP - Permanent Park Preserve PS - Private Sanctuary RA - Reference Area RCP - Recreation Park REP - Regional Park RNA - Remote and Natural Area - not scheduled under National Parks Act RNAS6 - Remote and Natural Area - Schedule 6, National Parks Act RP - Recreation Park RR - Regional Reserve RSR - Resources Reserve S5G - 5(1)(g) Reserve S5H - 5(1)(h) Reserve SCA - State Conservation Area SP - State Park SR - State Reserve WP - Wilderness Park WPA - Wilderness Protection Area WZ - Wilderness Zone - Schedule 5, National Parks Act IUCN: the IUCN protected area management category ascribed by the managing authority. IA = Strict Nature Reserve IB = Wilderness Area II = National Park III = Natural Monument or Feature IV = Habitat/Species Management Area V = Protected Landscape/Seascape VI = Protected area with sustainable use of natural resources NR = (Not Reported) - For protected areas where an IUCN category is unknown and/or the data provider has not provided any related information. NA = (Not Applicable) - Denotes an area that does not meet the NRS criteria or the IUCN definition of a protected area but has management complimentary to the NRS. NAS = (Not Assigned) - The protected area meets the standard definition of protected areas but the data provider has chosen not to use the IUCN Protected Area Management Categories. NRS_PA: This attribute indicates the status of the protected area in terms of meeting the standard for inclusion in the National Reserve System (NRS). Y = Yes. The land has been assessed as a protected area that meets the standard for inclusion in the NRS. I = an interim protected area. The land has been assessed to meet the standard for inclusion in the NRS but has not been formally established as a protected area although binding agreements are in place for formal protection to occur in the future. N = No. The land has been assessed not to meet the standard for inclusion in the NRS but is managed for nature conservation without meeting the NRS standard. ND = Not determined. The land is probably managed for nature conservation that has not been assessed to determine if it meets the standard for inclusion in the NRS. Note that for the calculation of area statistics only protected areas with an NRS_PA value of 'Y' or 'I' are included. GAZ_AREA: The area in hectares as described in the nomination document (e.g. parliamentary gazettal), to the nearest hectare. Some protected areas do not have a specific area in the designation. GIS_AREA: The area (in hectares) of a protected area based on current spatial data calculated in the Albers Equal Area projection by DoEE using GIS software. This field is used to calculate the statistics provided in spreadsheets at: www.environment.gov.au/capad/ GAZ_DATE: Gazettal date of the original proclamation that established any form of protected area. LATEST_GAZ: the date of the most recent gazettal or proclamation to add land to the protected area. . It can be the same as the GAZ_DATE if there have been no changes or additions to the protected area. STATE: The code for the state or territory that the protected area is located in. "EXT" refers to protected areas located in Australian external territories. AUTHORITY: The code for the authority that administers the Protected Area. AAD - Australian Antarctic Division ACT_TCCS - ACT Transport Canberra and City Services AWC - Australian Wildlife Conservancy AWC_BA - Australian Wildlife Conservancy and Birdlife Australia AWC_DAM – Australian Wildlife Conservancy and Dambimangari People AWC_DD - Australian Wildlife Conservancy and Department of Defence AWC_TLLFW - Australian Wildlife Conservancy and Tony and Lisette Lewis Foundation WildlifeLink AWC_YC - Australian Wildlife Conservancy and Yulmbu Community BHA - Bush Heritage Australia BHA_NTWA - Bush Heritage Australia and National Trust of Western Australia BRC_TAS - Burnie Council - Tasmania CCC_TAS - Clarence City Council – Tasmania DCC_TAS - Devonport City Council - Tasmania DOEE - Australian Government, Department of Agriculture, Water and the Environment DRC_TAS - Dorset Council - Tasmania EAC_QLD - Ewamian Aboriginal Corporation EL_NSW - Enduring Landscapes Inc FC_NSW - Forestry Corporation of NSW FUA - Federation University Australia GCC_NSW - Gosford City Council – New South Wales GCC_TAS - Glenorchy City Council - Tasmania HCR_CMA - Hunter Central Rivers Catchment Management Authority ILC - Indigenous Land Corporation IMG - Indigenous Management Group KNC_TAS - Kingborough Council - Tasmania KRGC_NSW - Ku-ring-gai Council – New South Wales LCC_TAS - Launceston City Council - Tasmania LILC - Local Indigenous Land Council MINCA_QLD - Magnetic Island Nature Care Association NF_SA - Nature Foundation South Australia Inc NMC_TAS - Northern Midlands Council - Tasmania NSC_QLD - Noosa Shire Council - Queensland NSW_OEH - NSW Office of Environment and Heritage NT_PWCNT - Parks and Wildlife Commission of the NT NTWA - National Trust of Western Australia QLD_DES - Queensland Department of Environment and Science QLD_NPSR - Queensland Department of National Parks, Sport and Racing SA_DEW - South Australian Department of Environment and Water SA_FRST - Forestry South Australia SET - South Endeavour Trust SHFT - Sydney Harbour Federation Trust SMC_TAS - Southern Midlands Council - Tasmania TAS_DPIPWE - Tasmanian Department of Primary Industries, Parks, Water and Environment TAS_HYDRO - Hydro Tasmania TAS_PAHSMA - Port Arthur Historic Site Management Authority - Tasmania TAS_PRIV - Private (miscellaneous) – Tasmania TAS_VAR - Various managing authorities - Tasmania TAS_WATER - TasWater TAS_WPMT - Wellington Park Management Trust - Tasmania TFN_QLD - Queensland Trust for Nature TFN_VIC - Trust for Nature Victoria TLC - Tasmanian Land Conservancy Inc TSRA - Torres Strait Regional Authority VIC_DELWP -

Ten to Men: The Australian Longitudinal Study on Male Health was commissioned by the Department of Health and Aged Care following the 2010 National Male Health Policy, and currently serves the National Men’s Health Strategy 2020-2030. This is Australia’s first national longitudinal study that focuses exclusively on male health and wellbeing. The cohort was recruited using a stratified, multi-stage & cluster sampling design to select males aged 10–55 years. Recruitment of eligible participants and Wave 1 of the data collection occurred between October 2013 and July 2014, resulting in a reconciled sample size of 16,021. The survey content was structured around six key research domains relevant to male health: wellbeing and mental health, use of health services, health-related behaviours, health status, health knowledge and social determinants. Wave 2 of the data collection occurred between November 2015 and May 2016. The sample size for Wave 2 was 11,936. The Wave 2 questionnaires largely retained Wave 1 items to obtain repeat longitudinal measures. New items added included additional questions on relationships, mental health, health literacy, help-seeking and resilience. Release 2.1 comprised of updated Wave 1 and Wave 2 datasets. These datasets have undergone changes to previous releases, including the renaming of variables, confidentialisation and other modifications. Release 2.1 offers General Release and Restricted Release. Wave 3 of the data collection occurred between July 2020 and February 2021. The sample size for Wave 3 was 7,919. The Wave 3 questionnaires largely retained items from previous waves to obtain repeat longitudinal measures. New items added included new questions on gambling, use of e-cigarettes, illicit drug use, gender identity, generalised anxiety, relationship quality, individual income, COVID-19 impact and natural disaster impact. Release 3.0 offers General Release and Restricted Release and linked MBS and PBS datasets. Wave 4 of the data collection occurred between August 2022 and December 2022. The sample size for Wave 4 was 7,050. The Wave 4 questionnaires largely retained items from previous waves to obtain repeat longitudinal measures. New items added included new questions on health conditions, masculinity, fathering ethnicity, gender & sexuality, intimidate partner violence, and injuries. Release 4.0 offers General Release and Restricted Release and linked MBS and PBS datasets. Release 4.0.1 is the most recent data release and offers updates to all waves of the General Release and Restricted Release datasets as explained in Change Log Registry.

The Australia Beauty and Personal Care Products Market Report is Segmented by Product Type (Personal Care Products and Cosmetics Products), Category (Mass and Premium), Nature (Organic and Conventional), and Distribution Channel (Supermarkets/Hypermarkets, Online Retail Channels, and More). The Market Forecasts are Provided in Terms of Value (USD).

** percent of Australians were in the wealth range between 100,000 and *********** U.S. dollars in 2020. Just *** percent of Australian adults had wealth of over *********** U.S. dollars, which was slightly less than the share of people who had under 10,000 U.S. dollars in wealth.

Wealth distribution in the Asia-Pacific

In 2020, China had the highest number of millionaires, followed by Japan and Australia. The number of millionaires in Australia was forecasted to increase from *** million to ************* by 2025. According to a source, among the Asia-Pacific countries, Australia ranked second in the share of wealth per adult. The source had revealed the wealth per adult in Australia was more than *** thousand U.S. dollars in 2020.

LGBTQ community of Australia

In 2020, a survey of working adults in Australia revealed that LGBTQ adults were employed in public services and the law enforcement across the country. On the one hand, more than ** percent of LGBTQ individuals had a role as as a team member, above ** percent of respondents answered that they were either team leader or supervisor.

Two datasets provide geographic, land use and population data for US Counties within the contiguous US. Land area, water area, cropland area, farmland area, pastureland area and idle cropland area are given along with latitude and longitude of the county centroid and the county population. Variables in this dataset come from the US Dept. of Agriculture (USDA) Natural Resources Conservation Service (NRCS) and the US Census Bureau.

EOS-WEBSTER provides seven datasets which provide county-level data on agricultural management, crop production, livestock, soil properties, geography and population. These datasets were assembled during the mid-1990's to provide driving variables for an assessment of greenhouse gas production from US agriculture using the DNDC agro-ecosystem model [see, for example, Li et al. (1992), J. Geophys. Res., 97:9759-9776; Li et al. (1996) Global Biogeochem. Cycles, 10:297-306]. The data (except nitrogen fertilizer use) were all derived from publicly available, national databases. Each dataset has a separate DIF.

The US County data has been divided into seven datasets.

US County Data Datasets:

1) Agricultural Management 2) Crop Data (NASS Crop data) 3) Crop Summary (NASS Crop data) 4) Geography and Population 5) Land Use 6) Livestock Populations 7) Soil Properties

As of June 30, 2019, the total number of bookmakers in Australia for the year 2019 amounted to ***, which represented a decrease of ** bookmakers compared to the year 2017. In 2020 there were *** bookmakers in Australia, which marks a decrease of ** bookmakers from the previous year.

In the 2020 financial year, the gambling turnover from wagering in New South Wales amounted to close to *** billion Australian dollars. This was significantly higher than wagering turnover in the state of Victoria, which is home to Australia's most famous horse racing event, the Melbourne Cup.

In the financial year 2020, the share of complaints received by the Australian Human Rights Commission (AHRC), regarding the Disability Discrimination Act, amounted to **** percent. The number of complaints increased compared to the beginning of the measured period, financial year 2014. Other types of complaints received by the AHRC include complaints regarding the Racial Discrimination Act, the Sex Discrimination Act, the Age Discrimination Act, and the Australian Human Rights Commission Act.

In 2020, Buy Now Pay Later (BNPL) transaction values by selected providers in Australia and New Zealand crossed ** billion Australian dollars. BNPL systems have become popular as they allow customers to purchase a product immediately but pay it off in installments. The repayments can be interest-free or with minimal interest, however, late fees may accrue if repayments are not made on time. Afterpay led the race with more than ***** billion Australian dollars in BNPL transaction values and millions of active BNPL users.

 Afterpay Limited 

Afterpay is an Australian financial company that offers BNPL services both in-store and online. According to a recent survey, Afterpay was commonly used to pay in stores, restaurants, and other points of sale with smartphones in Australia. While Afterpay was launched in 2015, the company’s sales have already exceeded *** billion Australian dollars across Australia and New Zealand. Afterpay also operates in the United States, the United Kingdom, and Canada.

 What’s in store for BNPL

From the consumer perspective, there are a lot of benefits to the BNPL payment model. They only pay a small portion of the cost of a product to get it immediately, and often the repayments are interest-free. The flexibility of how frequently payments need to be made gives BNPL an advantage over credit cards. For retailers, the potential to generate more revenue and attract new customers have incentivized the use of this payment model. The trade-off, however, is that processing fees from BNPL transactions are higher than a typical Visa or Mastercard transaction, and this cost is passed on to the store. Nevertheless, the number of BNPL active merchants across Australia and New Zealand totaled almost ** thousand.