COUNTRY PROFILE

.

PROFILE

ABDUL JALEEL

COLUMN FOR THE RECORD
POLITICS & POLICY 1- PARLIAMENTARIANS RAISE IN SALARIES
2-
PRESIDENT'S VISIT TO CHINA AND S. KOREA
SOCIETY 1- QUEST FOR LEADERSHIP
2-
AFGHAN REFUGEES
ENVIRONMENT ENVIRONMENTAL POLLUTION
COUNTRY PROFILE AUSTRALIA

 

AUSTRALIA

 

by Mubeen M. Aslam
Nov 24 - Dec 07, 2003 

 

 

GENERAL INFORMATION

Country Name:

conventional long form: Commonwealth of Australia

conventional short form:

Australia

Capital:

Canberra

Independence:

1 January 1901

Head of State:

H.M. Queen Elizabeth II, represented by the Governor General, H.E. Dr. Peter Hollingworth, AC OBE

Head of Government:

Prime Minister John Winston Howard

Government Type:

democratic, bi-cameral Parliament, federal-state system recognizing the British monarch as sovereign.

Administrative Divisions:

6 states and 2 territories*; Australian Capital Territory*, New South Wales, Northern Territory*, Queensland, South Australia, Tasmania, Victoria, Western Australia

Surface area:

7,713 thousand sq. km

Population:

19.6 million (2001)

 


 

ECONOMIC PROFILE:

Exchange Rate:

A$1 = US$0.5696 or PRs34.2523 (June 2002)

Fiscal Year:

1 July - 30 June

Budgetary revenues:

US$86.8billion

Budgetary expenditures:

US$84.1 billion (FY00/01 est.)

External Debt:

US$168.7 billion (2001 est.)

Labor Force:

9.2 million (December 2001)

Labor by occupation:

services 73%, industry 22%, agriculture 5% (1997 est.)

 


 

Economic Indicators

1998

1999

2000

2001

2002

GDP (US$bn.)

362.6

391.9

380.3

359.0

410.5

GDP per capita (US$)

19,204

20,505

19,644

18,313

21,000

Real GDP growth (% YOY)

5.5

4.4

3.2

2.8

4.0

Current account balance (US$m.)

-18,161

-22,297

-15,045

-8,864

-15,896

Current account balance (% GDP)

-5.0

-5.7

-4.0

-2.5

-3.9

Goods & services exports (% GDP)

19.9

18.7

21.8

22.3

20.6

Inflation (% YOY)

0.9

1.5

4.5

4.4

2.8

Unemployment (%)

7.7

7.0

6.3

6.7

6.3

Exchange Rate (A$ per US$)

1.5888

1.5497

1.7173

1.9320

1.9354

 

 


 

Natural Resources:

bauxite, coal, iron ore, copper, tin, silver, uranium, nickel, tungsten, mineral sands, lead, zinc, diamonds, natural gas, petroleum

Industries:

mining, industrial and transportation equipment, food processing, chemicals, steel

Industrial growth rate:

0.4% (2001 est.)

Electricity Consumption:

188,489 kWh (2000)

Agriculture Products:

wheat, barley, sugarcane, fruits; cattle, sheep, poultry

 


 

TRADE PROFILE:

Trade in Goods (2001-02)

 

Exports

Imports

Value in A$m.

121,165

119,667

Key Commodities (value in A$m.)

Coal

13,395

Passenger Motor Veh.

8,955

Crude Petroleum

5,957

Crude Petroleum

6,785

Iron Ore

5,163

Computers

5,028

Non-monetary Gold

5,129

Telecom Equipment

4,507

Wheat

4,528

Medicaments

4,002

Key Destinations

Japan

18.8%

U.S.A.

18.0%

U.S.A

9.9%

Japan

12.9%

Korea

8.1%

China

9.4%

China

6.4%

Germany

5.6%

New Zealand

6.3%

United Kingdom

5.2%

 


 

Trade in Services:

(2001-02)

Exports:

A$31,057 million

Imports:

A$32,257 million

Australia’s investments abroad:

A$464,804 million (March, 2002 est.)

Foreign investments in Australia:

A$823,187 million (March, 2002 est.)

Ports & Harbors:

Adelaide, Brisbane, Cairns, Darwin, Devenport (Tasmania), Fremantle, Geelong, Hobart (Tasmania), Launceston (Tasmania), Mackay, Melbourne, Sydney, Townsville

Merchant Marine:

total: 55 ships (1,000 GRT or over)
totaling 1,469,362 GRT/1,869,262 DWT
Ships by type: bulk 26, cargo 5, chemical tanker 4, container 1, liquefied gas 4, passenger 2, petroleum tanker 7, roll on/roll off 6, includes some foreign-owned ships registered here as a flag of convenience: France 2, United Kingdom 2, United States 14 (2002 est.)

 


 

 

AUSTRALIA’S MERCHANDISE IMPORT PROFILE (BY COMMODITY)

Sec

Commodity

Value in A$ million

1999-00

2000-01

2001-02

0

Food & Live Animals, chiefly for Food

3,954

4,235

4,614

1

Beverages & Tobacco

706

907

864

2

Crude materials, inedible (excl. Fuels)

1,848

1,916

1,756

3

Mineral fuels, Lubricants, etc.

7,655

10,510

9,031

4

Animal & vegetable oils, fats & waxes

277

285

289

 

Total Primary Products, Sections 0-4

14,440

17,854

16,553

5

Chemicals & related products

12,497

14,197

14,634

6

Manufactured goods, chiefly by material

13,654

14,051

14,820

7

Machinery & transport equipment

51,442

53,492

53,659

8

Miscellaneous manufactured articles

15,479

16,798

17,417

 

Total Manufactures, Sections 5-8

93,072

98,537

100,529

9

Commodities & transactions of merchandise trade, not elsewhere classified

 

2,566

 

1,889

 

2,572

 

Total imports

110,078

118,281

119,654

 


 

AUSTRALIA’S TOP 10 MERCHANDISE IMPORTS

Sr. No.

Commodity

A$ value in 2001-02

Major Competitors

COO

2001-02

 

1.

 

 

Passenger Motor Vehicles

 

9 b.

Japan

5.1 b.

Germany

1.3 b.

Korea

596 m.

USA

443 m.

 

2.

 

Crude Petroleum

 

6.8 b.

Indonesia

1.7 b.

Vietnam

1.5 b.

UAE

674 m.

Malaysia

601 m.

 

3.

 

Computers

 

5 b.

Singapore

814 m.

China

753 m.

USA

740 m.

Malaysia

682 m.

 

4.

 

Telecommunications equipment

 

4.5 b.

USA

958 m.

Korea

769 m.

UK

521 m.

China

360 m.

 

5.

 

Medicaments (incl. Veterinary)

 

4 b.

UK

926 m.

USA

646 m.

Germany

459 m.

Ireland

436 m.

6.

Aircraft & Parts

3.1 b.

USA

2.6 b.

UK

205 m.

Canada

92 m.

 

7.

 

Motor vehicles for transporting goods

 

2.5 b.

Japan

1.3 b.

Thailand

528 m.

USA

314 m.

Germany

87 m.

 

8.

 

Computer parts

 

2.5 b.

USA

544 m.

Japan

447 m.

Singapore

326 m.

China

279 m.

 

9.

 

Non monetary Gold

 

2.2 b.

Korea

723 m.

Indonesia

475 m.

PNG

392 m.

New Zealand

194 m.

 

10.

 

Motor vehicle parts

 

2.2 b.

Japan

835 m.

USA

564 m.

Germany

172 m.

Sweden

89 m.

 


 

 

Pakistan- Australia Bilateral Trade Profile:

Pakistan’s exports to Australia:

A$200 million (2001-02)

Pakistan’s imports from Australia:

A$477 million (2001-02)

Key exports:

textile manufactures, woven cotton & synthetic fabrics, clothing and crude Petroleum

Key imports:

oil seeds and oleaginous fruits ‘soft’, cotton, fresh vegetables, coal, and animal oils & fats.

Australia was Pakistan’s 19th export destination in 2001, whereas Pakistan came out as Australia’s 39th trade partner, contributing to a meagre 0.3% of Australia’s total merchandise trade!