About Australia

Australia officially the Commonwealth of Australia, is an Oceanian country comprising the mainland of the Australian continent, the island of Tasmania, and numerous smaller islands. It is the world's sixth-largest country by total area.

Australia is a developed country and one of the wealthiest in the world, with the world's 12th-largest economy.

Population

The population of Australia is estimated to be 23,817,500 as 21st April 2015. Australia is the 52nd most populous country in the world. Its population is concentrated mainly in urban areas and is expected to exceed 28 million by 2030. Australia's population has grown from an estimated population of about 350,000 at the time of British settlement in 1788 due to numerous waves of immigration during the period since.

Climate

Australia is so large that its climate varies widely. The greater part of the continent is desert or semi-arid. Only the south-east and south-west corners have a temperate climate and moderately fertile soil. The northern part has a tropical climate, varied between tropical rainforests, grasslands, and part desert. Australia's climate is governed by the hot, sinking air of the subtropical high pressure belt. This moves north and south with the seasons, so that the rainfall pattern over Australia is highly seasonal. Australia's rainfall is the lowest of the seven continents (besides Antarctica).

Wildlife

The fauna of Australia consists of a huge variety of animals; some 83% of mammals, 89% of reptiles, 24% of fish and insects and 93% of amphibians that inhabit the continent are endemic to Australia. A unique feature of Australia's fauna is the relative scarcity of native placental mammals. Consequently the marsupials—a group of mammals that raise their young in a pouch, including the macropods, possums and dasyuromorphs—occupy many of the ecological niches placental animals occupy elsewhere in the world. Australia is home to two of the five known extant species of monotremes and has numerous venomous species, which include platypus, spiders, scorpions, octopus, jellyfish, molluscs, stonefish, and stingrays. Uniquely, Australia has more venomous than non-venomous species of snakes.

Economy

The economy of Australia is one of the largest mixed market economies in the world, with a GDP of US$1.525 trillion as of 2014. Australia's total wealth is 6.4 trillion dollars. Australia is the 19th-largest importer and 19th-largest exporter. The Reserve Bank of Australia publishes forecasts of the economy quarterly.

Key Industries

The Australian economy is dominated by its service sector, comprising 68% of GDP. The mining sector represents 10% of GDP; the "mining-related economy" represents 9% of GDP – the total mining sector is 19% of GDP. Economic growth is largely dependent on the mining sector and agricultural sector (12% of GDP) with the products to be exported mainly to the East Asian market.

Agricultural Products

Wheat, milk, fruits & nuts, wool, barley & sugar canes.

Export Commodities

The top 5 commodities that are being exported by Australia are Coal, iron ore, gold, crude petroleum, petroleum gas.

Import Commodities

The top 5 commodities that are being imported to Australia are Crude Petroleum, Cars, Refined Petroleum, Delivery Trucks, and Packaged Medicaments.