Australia is known for many things, including swathes of tropical beaches, marine reserves, Aboriginal culture, cute koalas, rolling wine country, and lush rainforests.
History / Summary
This model was built in 1917 by the Melbourne firm of Williams and Benwell, to the design of Lancelot de Mole, a South Australian inventor.
The Owen Gun, developed during the Second World War, and the more recently developed Bushmaster Protected Mobility Vehicle are two examples. The Bushmaster is still in use, protecting Australian and international troops being transported in combat zones.
The Australian tank program developed and produced two tank designs, a cruiser tank called the Sentinel, and the Thunderbolt.
1. Iron Ore Mining in Australia. Iron ore miners have benefited from major increases in iron ore prices, and modest growth in production volumes over the past five years. Iron ore revenue is expected to increase at an annualised 8.1% over the five years through 2022-23, to total an estimated $124.1 billion.
Chemist CP Callister invented Vegemite in Melbourne in 1923 when Australian food manufacturer Fred Walker asked him to create a spread similar to British Marmite.
There are also a number of terms for Australia, such as: Aussie, Oz, Lucky Country, and land of the long weekend.
Australia has plentiful supplies of natural resources, including the second largest accessible reserves of iron ore in the world, the fifth largest reserves of coal and significant gas resources.
Australia's ecosystem is an unusual one because of its remote location. As a result, there are many animal species that occur here and nowhere else in the world, such as the platypus, kangaroo, echidna, and koala. Australia has 516 national parks to protect its unique plants and animals.
Refrigeration profoundly changed the world, but few know it is an Australian invention dating back to the 1850's.
Australia is a highly developed country with a mixed economy. As of 2023, Australia was the 13th-largest national economy by nominal GDP (gross domestic product), the 19th-largest by PPP-adjusted GDP, and was the 20th-largest goods exporter and 24th-largest goods importer.
Australians are the richest people in the world, with a median wealth three times that of the average American, a new report has shown.
Australia's average wealth is just 1.8 times our median wealth; by contrast the UK's is 2.2 times greater, while the US is second worst out of the top 50, at 6.7 times.
Individuals income tax. Individuals' income tax is the single most important source of government revenue. Since the mid 1970s it has consistently raised around half of the Australian Government's tax receipts and continues to be a stable and predictable source of revenue.
The world's 12th largest economy
Strong growth in 2021 solidified Australia's position as the world's 12th largest economy in 2021. Nominal GDP was around A$2.2 trillion (US$1.6 trillion) in 2021. Australia is home to just 0.3% of the world's population, but accounts for 1.7% of the global economy.
Reserves – The Australian Defence Force is a volunteer Defence Force with a strength of almost 90,000 men and women. Of this, the Reserves number approximately 40% with more than 31,000 men and 6,000 women. The permanent force consists of more than 50,000 personnel consisting of almost 45,000 men and 6,500 women.
The RAAF provides support across a spectrum of operations such as air superiority, precision strikes, intelligence, surveillance, and reconnaissance, air mobility, space surveillance, and humanitarian support. The RAAF has 252 aircraft, of which 84 are combat aircraft.