AUSTRALIA - NATIONAL ECONOMY

 

 

    Australia belongs to the highly developed countries of the world. The living standard there is very high.
    Main industries are iron, steel, textiles, electrical equipment, chemicals, car, aircraft, ship and machinery. 


Sheep, sheep, sheep     Agriculture of Australia is based on
sheep and cattle breeding and growing up crops. Australia belongs to the top exporters of beef, lamb, wool and wheat, although only 9 per cent of land is arable. Other agricultural items are barley, oats, hay, sugar, wine, fruit and vegetables. Sheep and cattle farmers live on isolated farms called stations in Australia. The farmers do not often go to the towns or see their neighbours who live more than one hundred miles away. They contact their friends, business partners and shopkeepers by means of radio. Radio is very important for them. You can also see camps in the wild nature here.
    Australia is well known for the mineral deposits there - bauxite (the first in the world, 32% of the world production), coal, copper, iron, lead, nickel, silver, tin, uranium and zinc ores. (see the map)
    Inland of the country has not any railways and that is why a huge amount of goods is transported by so-called "road trains" -  long trucks.
    Only 7 per cent of the population work in agriculture, 30 per cent in industry and trade and 32.6 per cent in services.
    The main trading partners are Japan, the USA, the UK and New Zealand. Currency used in Australia is Australian Dollar.