IV. The economyThe Australian economy is capitalist economy, Western-style development.PER CAPITA GDP: in 2005, the gross domestic product-the GDP totaled 633.5 billion. The per capita income of about $ 32,000 a year. GDP growth reached 2.2% in 2004 (3%).Australia is rich in mineral resources such as gold, bauxid, iron, zinc, copper, diamonds, coal, uranium, oil and gas, Tin and favorable climate, land for agricultural development.Economic structure: Australia has the economies, agriculture development. The average rate of the sector in GDP: 70% service industry, 26%, agriculture 4%. The main agricultural products are wheat, sugarcane, fruits, cattle, and poultry. The principal industries: mining, industrial equipment and transportation, food processing, chemicals and steel.Labor: Australia in 7 countries of the world in the number of skilled workers, specialists in information technology, financial and mechanical.The principal exports: coal, gold, wool, steel, crude oil, aluminium, meat, wheat, machinery and transport equipment. Main export markets: Japan, China, the United States, South Korea, New Zealand, India. In 2005, the total value of exports reached 103 billion.Import commodities: machinery and equipment, computers and office equipment, telecommunications equipment, crude oil. The main import market: the United States, China, Japan, Germany, Singapore, England. In 2005, the total value of imports reached 119.6 billion.
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