1. Economy of Australia

2. Economy
The economy of Australia is a developed, modern market economy with a GDP of approximately US$1.23 trillion
Australia was also ranked the 19th largest importer and 19th largest exporter
Australia is a member of the APEC, G20, OECD and WTO organisations

3. The Australian economy is dominated by its service sector, representing 68% of Australian GDP.
The Australian economy is dependent on imported crude oil and petroleum products, the economy’s petroleum import dependency is around 80% - crude oil + petroleum products

4. Industry
Australian food industry is also developed. Producing and exporting beef and mutton and milk products are some of the main economic activities.
Farming sheep and cattle is also important.
Australia is a great producer and exporter of sugar and wool.

5. Australia is 3rd country in producing gold.

6. It is 4th in producing stone coal, after China, the USA and India.
Australia exported million tonnes of iron ore to China
China is also Australia’s largest source of imports. Major imports from China include clothing, communications equipment, computers, prams, toys, games and sporting goods, furniture and televisions.

7. Zlatko Bečak, Toni Božić and Stipe Jakus
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Zlatko Bečak, Toni Božić and Stipe Jakus