Australia is a country located within the continent of Australasia. Its neighbouring countries consist of Papua New Guinea, Indonesia and New Zealand. Australia is rated as having the twelfth largest economy in the world as of 2024. Australia is a developed country with a market-based economy. It is one of the wealthiest nations globally, known for its high standard of living, stable political system, and robust economic performance. The country has a diverse economy that is supported by several key sectors, including mining, agriculture, services, and tourism. SilverDoor have a broad range of serviced apartments in Australia with some of our key destinations including: Sydney, Melbourne, and Perth.
Economy
Australia's economy is highly developed and market-driven, with a significant focus on exporting raw materials like agricultural products, minerals, and natural gas. The country has abundant natural resources, and mining is one of its major industries. Additionally, agriculture plays an important role, with Australia being one of the world's leading producers and exporters of products like wool, wheat, and beef.
The services sector, which includes industries such as finance, real estate, education, and business services, has grown considerably and now employs the majority of the workforce. This sector's growth has contributed to the establishment of various business hubs throughout the country, making it a key destination for both domestic and international companies.
Tourism
Tourism is another important aspect of Australia's economy. The country boasts some of the world’s most iconic natural wonders, such as the Great Barrier Reef, the Outback, and diverse coastal regions. Major tourist destinations include the Gold Coast, Sydney, and the Whitsunday Islands. The tourism industry generates substantial revenue and provides employment for hundreds of thousands of people, further supporting the country's economy.
Key Facts
Capital: Canberra
Population: 25 million
Currency: Australian Dollar ($) (AUD)
Language: English
Dominant Religion: Christianity
Time Zone: (UTC + 8 to + 10.5)
Main Exports: Agricultural products, Minerals, Natural gas
Internet Domain: .au
International Dial Code: +61