Australia SWOT Analysis 麻豆原创 Research Report

Publication ID:

MRR0520002

Publication Date:

May 20, 2020

Pages:

Publisher:

麻豆原创 Research Reports, Inc

Countries:

Australia [1]

USD 350.00

Business & Government [2]

Country SWOT Analysis [3]

Description:

Travel and tourism, ICT, transport, insurance and finance, iron ores, coal, petroleum gases, petroleum crude oil, copper ore, zinc ore, wheat, barley, lamb, beef, wine, gold, aluminum oxide, wool, raw cotton and textiles are major industries of Australia. In 2017, Agriculture industry contributed 3.6% to GDP of Australia. Manufacturing had a share of 25.3% while services industry had a share of 71.2% of GDP in 2017.

In 2017, Services industry exports was valued at USD 64.9 billion for Australia. Machinery export accounted for USD 7.47 billion, chemicals for USD 15.6 billion, metals for USD 12.6 billion, minerals for USD 152 billion, stones for USD 19.3 billion, textiles for USD 4.93 billion and agriculture for USD 37 billion in 2017.

Australia, officially the Commonwealth of Australia, is a country comprising the mainland of the Australian continent, the island of Tasmania, and numerous smaller islands. It is the world's sixth-largest country by total area. Neighboring countries include Indonesia, East Timor and Papua New Guinea to the north, the Solomon Islands, Vanuatu and New Caledonia to the north-east, and New Zealand to the south-east.

Australia is estimated to have population of 20.974 million in the year 2020 and expected to reach 27.662 million by 2024, growing at a CAGR of 1.56%.

Australia鈥檚 real gross domestic product (GDP) was AUD 1871.51 billion in 2019 and due to COVID-19 outbreak it is estimated to shrink by 6.665% to be around AUD 1746.77 billion in 2020. Australia鈥檚 unemployment rate was 5.183% of total labor force in 2019. Due to slowdown in global economic activity due to COVID-19 pandemic the unemployment is expected to increase by 31.99% and reach 7.621% in 2020. Unemployment is further estimated to increase in 2021 by 14.60% and reach 8.924% of total labor force in Australia.

Australia鈥檚 per capita GDP was estimated at USD 55421.33 whereas purchasing power parity (PPP) based per capita GDP is estimated to be at USD 53559.18 for the year 2019.

The output gap for Australia in 2020 is estimated to be in negative at 0.492% of the potential GDP which indicates that Australian economy will be underperforming by managing actual output.

In 2019, Australian government鈥檚 revenue was estimated to be AUD 711.031 billion whereas the expenditure is estimated to be AUD 739.73 billion. This is expected to result in Australian government鈥檚 net lending / borrowing negative at AUD 28.699 billion in 2019 indicating that enough financial resources will not made available by the government to boost economic growth.

The current account balance for Australia was negative and estimated to be at USD 29.086 billion for the year 2019 and is expected to further decrease at a CAGR of 9.14% and reach negative USD 45.04 billion by 2024. This negative current account balance indicates that听Australia is a net borrower from the whole world.

In World Bank鈥檚 ease of doing business ranking Australia was ranked 14 out of 190 countries in 2019. Australia鈥檚 ease of doing business ranking has improved from 18th position in 2018.

Scope of Australia 鈥� SWOT Analysis and Macroeconomic Trends Report

This report provides information about key macroeconomic indicators for Australia.
This report provides SWOT (Strengths, Weaknesses, Opportunities and Threats) analysis for Australia.
This report provides information on Coronavirus (COVID-19) pandemic related policy response of Australia.

Table Of Contents:

1. Executive Summary

Scope of Australia 鈥� SWOT Analysis and Macroeconomic Trends Report

Research Methodology

2. Australia - Country Overview

2.1 People Indicators

2.1.1 Population

2.1.2 Employment

2.1.3 Unemployment

2.2 National Accounts Indicators

2.2.1 Real Gross Domestic Product

2.2.2 Nominal Gross Domestic Product

2.2.3 Gross Domestic Product Deflator

2.2.4 Per Capita Gross Domestic Product

2.2.5 Output Gap

2.2.6 Purchasing-Power-Parity (PPP) Based Per Capita GDP

2.2.7 Total Investment / Gross Capital Formation

2.2.8 Gross National Savings

2.3 Monetary Indicators

2.3.1 Consumer Price Index (CPI) Inflation

2.4 Trade Indicators

2.4.1 Change in Import Volume of Goods & Services

2.4.2 Change in Export Volume of Goods & Services

2.5 Government Finance Indicators

2.5.1 Government Revenue

2.5.2 Government Expenditure

2.5.3 Government Net Lending / Borrowing

2.5.4 Government Gross Debt

2.5.5 Government Net Debt

2.6 Balance of Payment Indicators

2.6.1 Current Account Balance

2.7 Ease of Doing Business in Australia

4. SWOT Analysis of Australia

3.1 Strengths

3.2 Weaknesses

3.3 Opportunities

3.4 Threats

4. COVID-19 Related Policy Response of Australia

4.1 Coronavirus (COVID-19) Containment Measures of Australia

4.2 Coronavirus (COVID-19) Related Fiscal Policy Measures by Australia

4.3 Coronavirus (COVID-19) Related Monetary Policy Measures by Australia

4.4 Coronavirus (COVID-19) Related Employment Policy Measures by Australia

4.5 Coronavirus (COVID-19) Related Social Policy Measures by Australia

List of Exhibits

Notes

List of Exhibits

Exhibit 2.1 Population of Australia (in millions)

Exhibit 2.2 People Employment in Australia (in millions)

Exhibit 2.3 Unemployment Level in Australia (in %)

Exhibit 2.4 Real GDP of Australia (in AUD billions)

Exhibit 2.5 Nominal GDP of Australia (in AUD billions)

Exhibit 2.6 Nominal GDP of Australia (in USD billions)

Exhibit 2.7 GDP Deflator Index for Australia

Exhibit 2.8 Per Capita GDP of Australia (in USD)

Exhibit 2.9 Output Gap of Australia (in %)

Exhibit 2.10 PPP Per Capita GDP of Australia (in USD)

Exhibit 2.11 Total Investment of Australia (in %)

Exhibit 2.12 Gross National Savings of Australia (in %)

Exhibit 2.13 Consumer Price Index (CPI) Inflation of Australia

Exhibit 2.14 Change in Import Volume of Goods & Services of Australia (in %)

Exhibit 2.15 Change in Export Volume of Goods & Services of Australia (in %)

Exhibit 2.16 Government Revenue of Australia (in AUD billions)

Exhibit 2.17 Government Revenue of Australia (in % of GDP)

Exhibit 2.18 Government Expenditure of Australia (in AUD billions)

Exhibit 2.19 Government Expenditure of Australia (in % of GDP)

Exhibit 2.20 Government Net Lending / Borrowing of Australia (in AUD billions)

Exhibit 2.21 Government Net Lending / Borrowing of Australia (in % of GDP)

Exhibit 2.22 Government Gross Debt of Australia (in AUD billions)

Exhibit 2.23 Government Gross Debt of Australia (in % of GDP)

Exhibit 2.24 Government Net Debt of Australia (in AUD billions)

Exhibit 2.25 Government Net Debt of Australia (in % of GDP)

Exhibit 2.26 Current Account Balance of Australia (in USD billions)

Exhibit 2.27 Current Account Balance of Australia (in % of GDP)

Exhibit 2.28 Australia - Ease of Doing Business Ranking from 2008-2019

Exhibit 3.1 SWOT Analysis of Australia

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