GDP per capita and annual growth
Public finances, monetary and financial data
Unemployment and female labour market
FDI and remittances
(% of GDP)
20 40 60 80 -3,0 -2,5 -2,0 -1,5 -1,0 -0,5 0,0
AU dollar/euro exchange rate
Australia inflation rate (%)
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.
Rank
12/180 6/189 14/190 66/151Score
Ease of Doing Business
Human Development Index*
Corruption Perception Index
GINI Index*
Worst Best Best Worst 100 100 100 0 0 0 93.8 81.2 77.0 1000 35.8 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 distribution. A value of 0 represents absolute equality, a value of 100 absolute inequality.
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 2018, more than two thirds of countries scored below 50.
Public debt (% of GDP)
Surplus/deficit (% of GDP)
0
40
20
Australia
Australia
EU-27
0%
5%
0%
1%
Australia
EU-28
EU-27
Australia
EU-28
0%
-4%
-4%
GDP per capita
(€ thousand)Annual growth (%)
28
48
2.7%
2.1%
2003
2008
2013
2018
0%
2004
2009
2014
2019
60%
Female labour force participation rate
(% of female population aged 15-64)Unemployment, total
(% of total labour force)6.5%
5.3%
Remittances received
FDI net inflows
9.2%
5.4%
30.5%
86.4%
41.4%
79.7%
2013
2018
-2.8%
-2.9%
-0.8%
-0.4%
2.7%
2.0%
2003
2018
1.7
1.6
2008
2013
2018
68%
73%
4.3%
0.3%
0.13%
0.65%
4%
10%
Australia: Economic indicators and trade with EU
EPRS | European Parliamentary Research Service EUI | European University Institute
Authors: Nadejda Kresnichka-Nikolchova, Members’ Research Service
Olga Griaznova, Globalstat, EUI
PE 603.913 - February 2020
AT A GLANCE
Infographic
11.4
5.5
4.5
3.6
2.5
2.0
2.0
1.7
1.1
1.1
EU imports from Australia
EU export to Australia
|1|+|2|
EU-27 exports of goods to Australia (2019)
EU-27 imports of goods from Australia (2019)
EU-27 trade with Australia
31
8
Imports
Exports 17
7
Imports
Exports
€ billion
EU-28 exports of services to Australia (2018)
Other
Aircraft and
parts thereof
Organic chemicals
Plastic and rubber
Optical instruments
Electrical,
electronic equipment
Agri-food
Pharmaceutical
products
Cars and trucks
Machinery and
mechanical
appliances
21.3% 15.8% 11.1% 10.0% 6.8% 5.5% 3.1% 2.0% 22.4% 2.0%Other
Nickel
Optical instruments
Mechanical
appliances and
electrical equipment
Pharmaceutical
products
Gemstones
Ores, slag and ash
Agri-food
Oil, gas, coal
35.2% 13.6% 6.9% 4.6% 5.4% 3.7% 17.3% 7.4% 5.9% Travel:
33.0%
Other business services:29.0%
Transport:16.7%
Intellectual property: 2.2% ICT:6.8%
Financial:6.7%
Maintanance and repair: 2.0% Other:3.6%
Travel:22.8%
Telecommunication, computer and information:17.1%
ICT:16.0%
Other business services:16.9%
Intellectual property:5.7%
Financial: Other:7.0%
6.9%
Transport:19.0%
Insuranc e and pension:5.3%
EU-28 imports of services from Australia (2018)
Main trade partners (2018)
Trade in goods, exports plus imports
EU
US
Other Other APEC members UK: 1.9% India: 3.2% South Korea US EU-27 Japan China 29.4% 11.9% 9.5% 7.0% 5.7% 20.8% 10.6%AU
Other Other APEC members Australia Turkey Switzerland Russia UK China US 14.2% 13.4% 6.1% 13.0% 14.9% 28.0% Turkey: 3.4% Australia: 1.0% Other APEC members Others USA China RussiaUK SwitzerlandEU
6.0%Top EU partners (2019)
Trade in goods
Exports to Australia
Imports from Australia
0
10
20
€ billion
Goods (2009-2019)
Services (2010-2018)
Imports
Exports
Imports
Exports
NotesGlobalStat is a project developed by the European University Institute’s Global Governance Programme (Italy) and the Francisco Manuel dos Santos Foundation (Portugal). Although the UK was an EU Member State in the periods concerned, separate EU-27 and UK data have been shown where available.
Data sources for page 1: GDP, surplus/deficit, public debt and inflation figures are from IMF WEO (October 2019) and Eurostat (February 2020); Labour market data are from World Bank WDI based on ILO KILM (December 2019); FDI and remittances data are estimates from World Bank staff based on IMF BoP data (December 2019); Ease of doing business is from World Bank (October 2019); CPI is from Transparency International; HDI index refers to 2018 and GNI index to the most recent year available during the period 2010-2017 as reported in the UNDP HDR (December 2019), and (*) is re-scaled from 0-1 to 0-100 for better comparability. Data collected on 13 February 2020.
Data sources for page 2: EU trade with Australia, Main trade partners (EU-27), Top EU-27 partners (goods), EU-27 exports of goods to Australia (%) and EU-27 imports of goods from Australia (%) are from ComExt, Eurostat; Other APEC members = Brunei Darussalam, Canada, Chile, Hong Kong, Indonesia, Japan, Malaysia, Mexico, New Zealand, Papua New Guinea, Peru, the Philippines, Singapore, South Korea, Thailand, Vietnam; EU-28 trade in services are from Eurostat; Main trade partners (Australia) are from IMF; Other APEC members = Brunei Darussalam, Canada, Chile, Hong Kong, Indonesia, Malaysia, Mexico, New Zealand, Papua New Guinea, Peru, the Philippines, Russian Federation, Singapore, Thailand, Vietnam.
This is an updated edition of an ‘At a Glance’ note published in June 2017.
This document is prepared for, and addressed to, the Members and staff of the European Parliament as background material to assist them in their parliamentary work. The content of the document is the sole responsibility of its author(s) and any opinions expressed herein should not be taken to represent an official position of the Parliament. Reproduction and translation for non-commercial purposes are authorised, provided the source is acknowledged and the European Parliament is given prior notice and sent a copy. © European Union & GlobalStat, 2020.
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