It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds. places rich in Oil & Gas reserves tend to have high GDP-per-capita figures). In comparison to other states and territories, ACT was the "second most affordable jurisdiction to buy", only outperformed by the Northern Territory.Since 2012, the ACT government has supported small and medium-sized business with easing payroll tax policies and the introduction of As of 2017-18, agriculture, forestry, fishing, mining, and manufacturing accounted for a 1.1% total (A$428 million) of ACT gross state product.In 2017-18, construction industry in the ACT accounted for 6% of its GSP, or gross value added of A$2.4 billion.The public sector is the main driver of economic performance in the ACT, as the largest portions of both employment and economic value are sourced from it.About A$4.4 billion (11%) was contributed to ACT GSP by With manufacturing activities in the ACT having a losing relevance since the last decades of the 20th-century, the ACT tertiary sector (including public services, defence, health care, and social assistance, but excluding Gross valued added by professional scientific and technical services in the ACT amounted to A$3.5 billion in 2017-18, or 8.7% of GSP,In 2017-18 total exports stood at A$2,230 million, while imports reached A$2,738 million, with a negative ACT goods exports in 2017-18 have been conformed by coin, raw materials and fishery (A$21 million value), with Switzerland being the main destination. GDP - per capita (PPP): $50,400 (2017 est.) Norway and Sweden have also lost more than US$3,000. The Gross Domestic Product per capita in Australia was last recorded at 49756.30 US dollars in 2019, when adjusted by purchasing power parity (PPP). As per the 2016 census, median weekly personal income was A$998, while in 2017-18 total yearly disposable income per capita was A$91,336. “But there are pros and cons.”One obvious difficulty is the strain placed on the infrastructure of the two cities by rapid population growth.But another challenge gets much less attention - the potential for lopsided prosperity as a disproportionate share of economic opportunity shifts towards big metropolitan areas.Author and urban theorist Richard Florida warns of a Coming to grips with these complex economic dynamics will be difficult but there are some signs of official concern.In many advanced economies successful global cities are increasingly detached from the regions that surround them.Australia will not be immune from this trend as the economies of Sydney and Melbourne become even more deeply integrated with the global economy and benefit further from the flow of capital, goods, people and ideas.Matt Wade is a senior economics writer at The Sydney Morning Herald.Melbourne’s population is set to pass 5 million in August, 2018Sydney's economic output reached $418 billion in 2016-17. This page is a list of the countries of the world by gross domestic product (at purchasing … That compares with the long term average of around 50 per cent.“This is reflecting the strong economic growth in Sydney and Melbourne,” says Rawnsley.The workforce participation rate in our two biggest cities is also rising faster than elsewhere.These healthy economic dynamics are self-reinforcing.Melbourne and Sydney have now been outperforming most other parts of the country for some time.In the past two financial years (for which we data) the two cities have together contributed nearly 70 per cent of Australia’s GDP growth - the highest share on record.“Of course, it’s a good thing for the other 15 million Australians who don’t live in Sydney and Melbourne that those two cities are zooming along generating a lot of tax revenue,” says Rawnsley. It also means Australia has slipped into a “per capita” recession with GDP per person now falling for two quarters in a row, for the first time since 2006. Constant 2017 International Dollars
$49,600 (2015 est.) The GDP per capita PPP is obtained by dividing the country’s gross domestic product, adjusted by purchasing power parity, by the total population. Australia and New Zealand – Australia $53,825 , New Zealand $40,634. It holds a population of over 2.4 million people in broader urban centres and localities, with a mean age of 35 years. IMF GDP per capita estimate for 2019 for the different countries in the five regions of Asia and Pacific is as follows.