|
|
AUSTRALIA GDP PER CAPITA PPPThe Gross Domestic Product per capita in Australia was last reported at 39406.67 US dollars in 2009, when adjusted by purchasing power parity (PPP), according to a report published by the World Bank. The GDP per Capita, in Australia, when adjusted by Purchasing Power Parity is equivalent to 179 percent of the world's average. Historically, from 1980 until 2009, Australia GDP per capita PPP averaged 22450.3 USD reaching an all time high of 39406.7 USD in December of 2009 and a record low of 10244.6 USD in December of 1980. The GDP per capita PPP is obtained by dividing the country’s gross domestic product, adjusted by purchasing power parity, by the total population. This page includes a chart with historical data for Australia GDP per capita PPP.
GDP per capita PPP
The gross domestic product dollar estimates given on this page are derived from purchasing power parity (PPP) calculations. Using a PPP basis is arguably more useful when comparing generalized differences in living standards on the whole between nations because PPP takes into account the relative cost of living and the inflation rates of the countries, rather than using just exchange rates which may distort the real differences in income. However, economies do self-adjust to currency changes over time, and technology intensive and luxury goods, raw materials and energy prices are mostly unaffected by difference in currency (the latter more by subsidies), despite being critical to national development, therefore, the sales of foreign apparel or gasoline per liter in China is more accurately measured by the nominal figure, but everyday food and haircuts by PPP. The gross domestic product per capita is the value of all final goods and services produced within a nation in a given year divided by the average (or mid-year) population for the same year. The gross domestic product (GDP) is one of the measures of national income and output for a given country's economy. GDP can be defined in three ways, all of which are conceptually identical. First, it is equal to the total expenditures for all final goods and services produced within the country in a stipulated period of time (usually a 365-day year). Second, it is equal to the sum of the value added at every stage of production (the intermediate stages) by all the industries within a country, plus taxes less subsidies on products, in the period. Third, it is equal to the sum of the income generated by production in the country in the period—that is, compensation of employees, taxes on production and imports less subsidies, and gross operating surplus (or profits).
AUSTRALIA NEWS
Australia's Unemployment Down to 4.9% in April
Published: 5/10/2012 11:58:25 AM
By: TradingEconomics.com, ABS
Australia's unemployment rate decreased 0.2 pts to 4.9%. The male unemployment rate decreased 0.2 pts to 4.8% and the female unemployment rate decreased 0.2 pts to 5.1%.
|
Australia Reports Trade Deficit for Third Month
Published: 5/8/2012 11:31:23 AM
By: TradingEconomics.com, ABS
In seasonally adjusted terms, the balance on goods and services was a deficit of $1,587m in March 2012, a rise of $833m on the deficit in February 2012.
|
Australia Cuts Rates to 3.75%
Published: 5/1/2012 11:30:40 AM
By: TradingEconomics.com, RBA
At its meeting on May 1st, the Board decided to lower the cash rate by 50 basis points to 3.75 per cent, effective 2 May 2012. This decision is based on information received over the past few months that suggests that economic conditions have been somewhat weaker than expected, while inflation has moderated.
|
Australian Annual Inflation Down to 1.6% in Q1
Published: 4/24/2012 11:49:36 AM
By: TradingEconomics.com, ABS
The CPI rose 1.6% through the year to the March quarter 2012, compared with a rise of 3.1% through the year to the December quarter 2011.
|
Australia's Unemployment Rate Steady at 5.2% in March
Published: 4/12/2012 11:31:07 AM
By: TradingEconomics.com, ABS
Employment increased 44,000 (0.4%) to 11,491,200. Full-time employment increased 15,800 (0.2%) to 8,080,400 and part-time employment increased 28,200 (0.8%) to 3,410,900.
|
Australia Reports Trade Deficit in February
Published: 4/4/2012 11:03:26 AM
By: TradingEconomics.com, ABS
In seasonally adjusted terms, the balance on goods and services was a deficit of $480m in February 2012, a fall of $491m on the deficit in January 2012.
|
Reserve Bank of Australia Leaves Interest Rates Steady
Published: 4/3/2012 1:34:36 PM
By: TradingEconomics.com, RBA
The board of the Reserve Bank of Australia has left interest rates unchanged at 4.25 per cent at its monthly meeting.
|
Australia Reports Trade Deficit in January
Published: 3/9/2012 11:40:09 AM
By: TradingEconomics.com, ABS
In seasonally adjusted terms, Australia reported a trade deficit of $673m in January 2012, a turnaround of $1,998m on the surplus in December 2011.
|
Australia's Unemployment Rate Up to 5.2% in February
Published: 3/8/2012 12:29:16 PM
By: TradingEconomics.com, ABS
Australia's seasonally adjusted unemployment rate increased 0.1 percentage points to 5.2 per cent in February.
|
Australia's GDP Growth Slows in Q4
Published: 3/7/2012 11:15:41 AM
By: TradingEconomics.com, ABS
In seasonally adjusted terms, GDP increased 0.4% in the December quarter; through the year GDP growth was 2.3%.
|
MORE NEWS
|
|
|
|
|
|
|
|
|