Australia : economic indicators and trade with EU

(1)

GDP per capita (€) and annual growth (%)

in Australia and the EU-28

Public finances, monetary and financial data

FDI and remittances to

Australia and the EU-28

Australia business environment and socio-economic indicators

The Ease of Doing Business’s ‘distance to frontier’ score assesses the overall level of regulatory performance of a country. It ranges from 0=’lowest performance’ to 100=’the frontier’, the best performance observed worldwide each year.

The Human Development Index (HDI) measures the average achievement in key dimensions of human development. It is based on life expectancy at birth, average duration of education and GDP per capita. It ranges from 0 to 100. ‘High human development countries’ (UN) are in the range between 70 and 80.

The Corruption Perception Index measures the perceived levels of public–sector corruption worldwide. Scores range from 0 (highly corrupt) to 100 (very clean). In 2016, two thirds of countries scored below 50.

The GINI Index measures the deviation of the distribution of income among individuals or households within a country from a perfectly equal distribution. It is hence a measure of inequality in income distri-bution. A value of 0 represents absolute equality, a value of 100 absolute inequality.

Public debt (% of GDP)

Surplus/deficit (% of GDP)

Remittances received (% of GDP)

FDI net inflows (% of GDP)

GDP per capita

(left axis)

EU-28

Australia

GDP growth

(right axis)

Australia

EU-28

Score

Rank

AU dollar/euro exchange rate (right axis)

Inflation rate AU (%, left axis)

Australia total unemployment and

female labour market participation

Female labour force participation (left axis)

Total unemployment (right axis)

13/176 2/188 15/190 52/142

€

thousand

Th

ous

an

ds

€

28.8 2.2%

2.4%

46.1 6.0%

70.7%

EU-28

Australia

0.0 0.5 1.0 1.5 2.0 2.5 0% 1% 2% 3% 4% 5%

1.5%

1.5 Australia

EU-28

Ease of Doing Business

Human Development Index*

Corruption Perception Index

GINI Index*

Worst Best Best Worst 100 100 100 0 0 0 93.5 80.3 79.0 100 0 34.0

Australia: Economic indicators and trade with EU

EPRS | European Parliamentary Research Service EUI | European University Institute

Authors: Giulio Sabbati and Krisztina Binder, Members’ Research Service; Caterina Francesca Guidi, GlobalStat | EUI

PE 603.913

At a glance

June 2017

Infographic

(2)

EU exports of goods to Australia (2016)

EU imports of goods from Australia (2016)

EU trade with Australia

Main trade partners (2016)

Trade in goods (exports plus imports)

EU

US

Top EU partners (2016)

Trade in goods

EU exports to Australia

EU imports from Australia

32

13

20

9 Imports

Exports

Imports

Exports

€ billion

11.2

10.6

4.1

3.1

2.4

1.8

1.6

1.2 EU imports from Australia

EU export to Australia

|1|+|2|

0

10 € billion

Other

Other APEC members Australia Japan Turkey Russia Switzerland China US 17.7% 14.9% 5.5% 7.7% 14.2% 30.9% Japan: 3.6% Australia: 1.3% Other APEC members Others US China Russia Turkey: 4.2% Switzerland

EU

South Korea Other Other APEC members New Zealand Thailand US Japan EU-28 China 26.9% 14.9% 10.0% 9.0% 5.2% 4.2% 3.1% 8.4% 18.3%

AU

Optical instruments

Other

Aircraft and

parts thereof: 1.9%

Organic

chemicals

Plastic and rubber

Electrical, electronic

equipment

Agri-food

Pharmaceutical

products

Machinery and

mechanical

appliances

Cars and trucks

19.9% 17.2% 12.7% 9.4% 6.4% 6.0% 3.0% 2.2% 21.3%

Other

Pharmaceutical

products: 2.2%

Lead and articles

thereof: 2.4%

Optical instruments

Ores, slag and ash

Mechanical

appliances and

electrical

equipment

Agri-food

Oil, gas, coal

Gemstones

39.0% 16.2% 13.2% 4.4% 5.1% 4.1% 13.4%

EU exports of services to Australia (2015)

Travel: 37.6%

Various business services (Legal, accounting, consulting, market research, trade-related services, engineering, scientific,

operating leasing):

25.3%

Transport:

16.3%

Intellectual property:

5.2%

ICT:

3.8%

Financial:

3.7%

Insurance and pension:

3.3%

Other:

4.8%

Travel: 25.3% Various business services (Legal, accounting, consulting, de-pollution, architectural, engineering, operating leasing):

19.7%

ICT:

16.0%

Transport:

19.1%

Construction:

2.7%

Intellectual property:

4.2%

Financial:

6.0%

Other:

7.0%

EU imports of services from Australia (2015)

Notes

GlobalStat is a project developed by the European University Institute’s Global Governance Programme (Italy) and the Francisco Manuel dos Santos Foundation (Portugal).

Data sources for page 1: GDP figures, inflation and exchange rates are from IMF WEO (October 2016) and Eurostat (2016); Labour market data are from World Bank WDI based

on ILO KILM (2016); FDI and remittances data are estimates from World Bank staff based on IMF BoP data (2016); HDI and GINI are from UNDP HDR (2015) and are re-scaled (*)

from 0 - 1 to 0 - 100 for better comparability; CPI is from Transparency International (2016); Doing Business data are from the World Bank Group - Doing Business Unit (2017).

Data sources for page 2: EU trade with Australia, Main trade partners (EU), Top EU partners (goods), EU exports of goods to Australia (%) and EU imports of goods from Australia (%) are from ComExt, Eurostat; Other APEC members = Brunei Darussalam, Canada, Chile, Chinese Taipei, Hong Kong (CN), Indonesia, Malaysia, Mexico, New Zealand, Papua New Guinea, Peru, Philippines, Singapore, South Korea, Thailand and Vietnam; Main trade partners (Australia) are from IMF; Other APEC members = Brunei Darussalam, Canada, Chile, Chinese Taipei, Hong Kong (CN), Indonesia, Malaysia, Mexico, Papua New Guinea, Peru, Philippines, Russia, Singapore and Vietnam; EU exports of services to Australia (%) and EU

imports of services from Australia (%) are from Eurostat.

Disclaimer and Copyright. The content of this document is the sole responsibility of the authors and any opinions expressed therein do not necessarily represent the official

position of the European Parliament and of the European University Institute. It is addressed to the Members and staff of the EP for their parliamentary work. Reproduction and translation for non-commercial purposes are authorised, provided the source is acknowledged and the European Parliament and GlobalStat are given prior notice and sent a copy. © European Union & GlobalStat, 2017.

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