The household incomes chart shows how many household fall in each of the income brackets specified by Statistics Canada.
The statistic depicts Australia's gross domestic product (GDP) from 1987 to 2023, with projections up until 2029. In 2023, GDP in Australia amounted to about 1.74 trillion US dollars. See global GDP for a global comparison.
Australia’s economy and population
Australia’s gross domestic product has been growing steadily, and all in all, Australia and its economic key factors show a well-set country. Australia is among the countries with the largest gross domestic product / GDP worldwide, and thus one of the largest economies. It was one of the few countries not severely stricken by the 2008 financial crisis; its unemployment rate, inflation rate and trade balance, for example, were hardly affected at all. In fact, the trade balance of Australia – a country’s exports minus its imports – has been higher than ever since 2010, with a slight dip in 2012. Australia mainly exports wine and agricultural products to countries like China, Japan or South Korea. One of Australia’s largest industries is tourism, which contributes a significant share to its gross domestic product. Almost half of approximately 23 million Australian residents are employed nowadays, life expectancy is increasing, and the fertility rate (the number of children born per woman) has been quite stable.
A look at the distribution of the world population by continent shows that Australia is ranked last in terms of population and population density. Most of Australia's population lives at the coast in metropolitan areas, since parts of the continent are uninhabitable. Unsurprisingly, Australia is known as a country with very high living standards, four of its biggest cities – Melbourne, Adelaide, Sydney and Perth – are among the most livable cities worldwide.
Population is the sum of births plus in-migration, and it signifies the total market size possible in the area. This is an important metric for economic developers to measure their economic health and investment attraction. Businesses also use this as a metric for market size when evaluating startup, expansion or relocation decisions.
The median age indicates the age separating the population group into two halves of equal size.
This chart shows how many individuals can carry a conversation in English only, in French only, in both English and French, or in neither English nor French.
The marital status is another term for civil status, or person's current relationship with a partner.
Age-sex charts emphasize the gap between the numbers of males and females at a specific age group. It also illustrates the age and gender trends across all age and gender groupings. A chart skewed heavily to the left describes a very young population while a chart skewed heavily to the right illustrates an aging population.
Ages chart illustrates the age and gender trends across all age and gender groupings. A chart where the the covered area is primarily on the right describes a very young population while a chart where the the covered area is primarily on the left illustrates an aging population.
The aboriginal populations chart shows the composition of the aboriginal population in a municipality.
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The household incomes chart shows how many household fall in each of the income brackets specified by Statistics Canada.