Australia
Australia is the largest country in Oceania and the world’s sixth largest country, with a population of over 26 million people. The only country that covers an entire continent, Australia has unique landscapes, natural wonders and extraordinary experiences for its travellers. The country is one of the world’s most ethnically diverse nations, with nearly a quarter of its people born in other countries. Australia also boasts their wildlife, with over 80% of the animals unique for the country. Considered as a highly-developed country and fourteenth on the world’s largest economy, Australia has a high-income economy that generates its income from various sources, including mining-related exports, telecommunications, banking, manufacturing, and international education. The top-rated tourist attractions in Australia include the Sydney Opera House, Great Barrier Reef Marine Park, Sydney Harbour Bridge, Blue Mountains Natural Park, Fraser Island, and Kakadu National Park.
- One of the world’s premier exporters of natural resources
- The biggest cargos are iron ore, coal and natural gas
- Also supplies gold, uranium and even rare earths
- The country’s fortunes are tightly linked to the health of global commodity and export markets
- Relatively small & well educated population
- Well endowed with natural resources: iron, copper, gold, water, famland, ports, good weather, tourism
Extreme Boom Period
- As of 2018, Australia has had a 27 year long boom period - no recession since 1990!
- This is unprecedented when other major economies have had multiple bear markets during this time
- Likely driven by strong demographics and strong resource demand from rapidly urbanizing China & broader Southeast Asia
- However - Achilles heel is a close/concentrated trade relationship with China: If China slows, so may Australia
Australia Nicknames
- Lucky Country