CommBank (Commonwealth Bank of Australia) is Australia's most valuable brand worth US$21.6 billion, according to the
BHP Group [BHP]: Largest AU Company by Market Cap.
This list displays all 7 Australian companies in the Fortune Global 500, which ranks the world's largest companies by annual revenue.
Flourishing at the top of the list for the third consecutive year is Hancock Prospecting, with an estimated revenue figure of $18.9 billion, supported by rising iron ore prices and strong performances within the mineral exploration and cattle farming sectors.
Commonwealth Bank of Australia was the largest Australian bank as at H1 2022, by value of total assets. The value of the Commonwealth Bank of Australia's assets amounted to over 1,149 billion Australian dollars.
On a mean wealth basis, Australia was the fourth-richest country in 2021 behind Switzerland, the US and Hong Kong. The average Australian adult was worth $US550,110 at the end of last year, after enjoying a $US66,350 annual increase in wealth.
Aside from its search engine and other web-based products, Google also offers Android operating systems, Google Home smart speakers, and Google Pixel smartphones. With a history of introducing innovative products and technologies, Alphabet Inc. is known for its strong R&D efforts.
Australia is known for many things, including swathes of tropical beaches, marine reserves, Aboriginal culture, cute koalas, rolling wine country, and lush rainforests.
"Food and beverage are some of the most profitable industries in Australia, with a market size expected to exceed $250 billion by 2030." Many different businesses within this industry have the potential for high profits. For example, cafes and restaurants are popular options that can generate significant revenue.
Australia's first company and oldest bank, Westpac has over 200 years of continuous service.
There are also a number of terms for Australia, such as: Aussie, Oz, Lucky Country, and land of the long weekend.
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.
Roast lamb has been declared Australia's national dish in a major poll that shows we're still a country of meat eaters at heart.
Apple once again leads the charge as the most valuable company in the world, ahead of Microsoft and Saudi Aramco.
The most valuable firm of all time, the Dutch East India Company, was established in 1602 and had a monopoly on the spice trade in Asia.
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. For a long time, commodities have made up a sizeable share of our exports.
Mungallala Methodist Church was built in 1964. It has now closed. In 2016, the Australian Taxation Office listed Mungallala as having the lowest mean taxable income by postcode, making it the poorest town in Australia, which led the ABC to do a documentary on the town for their online "storyhunters" program.
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.
The valuations of Gina Rinehart ($37.41 billion) and Andrew Forrest ($33.29 billion), the richest and second-richest Australians for the fourth year in a row, surged 10 per cent and 8 per cent respectively as listed-market analysts re-rated their outlook for red Pilbara dirt.
Australia's richest person, Gina Rinehart, is the daughter of iron-ore explorer Lang Hancock. Rinehart made her wealth rebuilding Hancock Prospecting, becoming chair in 1992 when her father died.
Aboriginal and Torres Strait Islander peoples have occupied the lands and waters of Australia for millennia. Since the beginning of colonisation, Australia's First peoples have defended their lands and waters and asserted their rights to their homelands.
After Dutch navigators charted the northern, western and southern coasts of Australia during the 17th Century this newly found continent became known as 'New Holland'. It was the English explorer Matthew Flinders who suggested the name we use today.