Australia is a stable, democratic and culturally diverse nation with a highly skilled workforce and one of the strongest performing economies in the world.
With spectacular landscapes and a rich ancient culture, economists, tourists and settlers alike describe it as a land like no other. It is the earth’s sixth-largest country in land area and is the only nation to govern an entire continent.
Here are a list of ten other important facts that make Australia a unique continent whether you talk in terms of governance, business or leisure:
1. It is the largest country in Oceania and the world’s sixth-largest country by total area.
2. It has a population of 26 million, but the good thing about this is that it highly urbanised and heavily concentrated on the eastern seaboard with opportunities to support meaningful living.
3. Australia is one of the wealthiest Asia–Pacific nations and has enjoyed more than two decades of economic expansion.
4. In 2018 Australia became the country with the largest median wealth per adult, Australia’s total wealth was AUD$8.9 trillion as of June.
5. With capital at Canberra, and its largest city is Sydney, it is reputed as the oldest, flattest, and driest inhabited continent.
6. Australia has a population density of 2.8 inhabitants per square kilometre, among the lowest in the world , has huge opportunities for migrants in the areas of mining-related exports, telecommunications, banking, and manufacturing. In fact, the country has the world’s eighth-largest immigrant population, with immigrants accounting for 29% of the population.
7. It has the third-highest human development index and the eighth-highest ranked democracy globally.
8. Only 10 % of Australia’s land mass is arable land suitable for soil based agriculture and livestock production, yet, Australia has entered its 28th year of uninterrupted annual economic growth, increasing more than three per cent on average each year since 1992.
9. Australia is the only major developed economy to have recorded no annual recessions from 1992 to 2018. The economy’s robustness is sustained by solid policy frameworks, strong institutions, an attractive investment environment and deep trade ties with the Asian region.
10. Australia’s economic freedom score is 80.9, making its economy the 5th freest in the 2019 Index. Its overall score is unchanged from 2018, with higher scores for labor freedom, government integrity, fiscal health, and trade freedom offsetting a steep drop in judicial effectiveness.
Source: Wikipedia, Britannica