The Gross Domestic Product (GDP) in Australia expanded 60 % in the second quarter of 2012 over the previous quarter. in history, from 1959 until 2012, Australia GDP Growth Rate averaged 90 % reaching an all time high of 4.5 % in March of 1976 and a record low of -2.0 % in June of 1974. The Gross Domestic Product (GDP) growth rate provides an aggregate measure of changes in value of the goods and services produced by an economy. Australia's economy is subject by its services sector, yet its economic success is based on abundance of rural and stone resources. Australia's relative benefit in the export of primary products is a likeness of the natural wealth of the Australian continent and its small domestic market. The country is a major regional financial centre and a essential component of the global financial system.
Australia GDP Annual Growth Rate
The Gross Domestic Product (GDP) in Australia expanded 3.7 % in the second quarter of 2012 over the same quarter of the previous year. in history, from 1960 until 2012, Australia GDP Annual Growth Rate averaged 3.5 % reaching an all time high of 90% in June of 1964 and a record low of -3.4 % in June of 1983. The annual growth rate in Gross Domestic Product measures the increase in value of the goods and services produced by an economy over the period of a year. Therefore, unlike the commonly used quarterly GDP growth rate the annual GDP growth rate takes into account a full year of economic activity, thus avoiding the need to make any type of seasonal change.
Australia Foreign Exchange Reserves
Foreign Exchange Reserves in Australia decreased to 44089.00 in August of 2012 from 46825.00 in July of 2012, according to a report released by the Reserve Bank Of Australia. in history, from 1969 until 2012, Australia Foreign Exchange Reserves averaged 22081.84 reaching an all time high of 84610.00 in May of 2007 and a record low of 1126.00 in December of 1969.
4. Australia Inflation Rate
The inflation rate in Australia was recorded at 1.20 % in the second quarter of 2012. in history, from 1973 until 2012, Australia Inflation Rate averaged 5.8 Percent reaching an all time high of 17.6 % in March of 1975 and a record low of -0.3 % in September of 1997. Inflation rate refers to a general rise in prices precise against a standard level of purchasing power. The most well known measures of Inflation are the CPI which measures consumer prices, and the GDP deflator, which measures inflation in the whole of the domestic economy.
Australia Interest Rate
The benchmark interest rate in Australia was last reported at 3.50 %. in history, from 1990 until 2012, Australia Interest Rate averaged 5.6 % reaching an all time high of 17.5 % in January of 1990 and a record low of 3.0 % in April of 2009. In Australia, interest rates decisions are taken by the Reserve Bank of Australia's Board. The official interest rate is the cash rate. The cash rate is the rate charged on overnight loans between financial mediators, is resolute in the money market as a result of the contact of demand for and supply of overnight funds.
Australia Population
The total population in Australia was last reported at 22.6 million people in 2011 from 10.3 million in 1960, changing 120 % during the last 50 years. Australia has 0.33 % of the world´s total people which means that one person in every 305 people on the planet is a resident of Australia. in history, from 1960 until 2011, Australia people averaged 16.1 Million reaching an all time high of 22.6 Million in December of 2011 and a record low of 10.3 Million in December of 1960. The total people in Australia was last reported at 22.5 million people in 2010 from 10.3 million in 1960, changing 119 percent during the last 50 years. Australia has 0.33 % of the world´s total population which means that one human being in every 307 public on the planet is a local of Australia.
Australia Unemployed Persons
Unemployed Persons in Australia decreased to 622.60 in August of 2012 from 633.20 in July of 2012, according to a report released by the Australian Bureau Of Statistics. in history, from 1978 until 2012, Australia Unemployed Persons averaged 622.43 reaching an all time high of 959.30 in December of 1992 and a record low of 366.20 in June of 1981.
Australia Unemployment Rate
The unemployment rate in Australia was last reported at 5.1 % in August of 2012. Historically, from 1978 until 2012, Australia Unemployment Rate averaged 7.0 % success an all time high of 10.9 % in December of 1992 and a record low of 4.0 % in February of 2008. The unemployment rate can be definite as the number of group actively looking for a job as a percentage of the work force.
