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 abundant natural resources and well-developed international trade relations are crucial to the country's economy, which generates its income from various sources including services, mining exports, banking, manufacturing, agriculture and international education.
An open economy deeply integrated in global trade. Australia is a trading nation. We have 16 free trade agreements (FTAs) and have led the formation of multiple, regional trade agreements in the Asia-Pacific region. Low tariffs and preferential access to Asian markets make us a natural gateway for global trade.
Approximately 50,000 years ago, Indigenous Australians invented the Boomerang and since then the most imaginative minds in the country have developed Wi-Fi, medical penicillin and box wine. Here are 20 of the most ingenious and awesome things to come from Australia.
Deposits of expensive minerals
But it's not just uranium – according to Geoscience Australia, we're also the world's leading producer of bauxite, rutile and zircon and are sitting on the world's largest resources of gold, iron ore, lead, nickel and zinc.
The GFP index denotes Australia as a Top 20 world power. For 2023, Australia is ranked 16 of 145 out of the countries considered for the annual GFP review. The nation holds a PwrIndx* score of 0.2567 (a score of 0.0000 is considered 'perfect'). This entry last reviewed on 01/05/2023.
The phrase 'the lucky country', originated by author Donald Horne in 1964, has been used in the past few decades to describe Australia as a land of economic opportunity and bountiful natural resources.
Australia is the only continent in the world without an active volcano. Australia has three times more sheep than people. The largest Greek population in the world beside Athens in Greece can be found in Melbourne Victoria. An Australian man once tried to sell New Zealand on eBay.
It has a strong economy with the best financial services. Moreover, it provides a combination of various facilities which makes one's life perfect in Australia. Such as it has excellent weather, flexible working hours, public holidays, higher incomes and best-quality food.
Which are the top 5 armies of the world? The Largest Armies in the World Include China>India> The United States>North Korea>Russia In Decreasing Order.
The overall ranking of Best Countries measure global performance on a variety of metrics. Switzerland is the best country in the world for 2022.
Relations between the two countries began to deteriorate in 2018 due to growing concerns of Chinese political influence in various sectors of Australian society including the Government, universities and media as well as China's stance on the South China Sea dispute.
The Chinese name for Australia has four characters (澳大利亚) and is written in Pinyin and pronounced using Mandarin (or “Putonghua”) as Aodaliya (Ao-da-li-ya).
There are also a number of terms for Australia, such as: Aussie, Oz, Lucky Country, and land of the long weekend. Names for regions include: dead heart, top end, the mallee, and the mulga.
Arguably, Australia is already an energy superpower - but of the 'non-renewable' or 'fossil-fuel' variety – being the world's largest exporter of coal, and one of the largest exporters of gas and uranium.
On a mean wealth basis, Australia was the fourth-richest country in 2021 behind Switzerland, the US and Hong Kong.
But it's India that takes the crown as the most recent nation to fall in love with the varied landscapes of Australia, with an impressive 15.4 per cent increase in travellers.
In terms of wealth, education, health, and quality of life, it is ranked as one of the best countries. Australia has top-ranked institutions, globally recognized qualifications, and an abundance of scholarships when it comes to education.
Australia performs well in many dimensions of well-being relative to other countries in the Better Life Index. Australia outperforms the average in income, jobs, education, health, environmental quality, social connections, civic engagement and life satisfaction. These assessments are based on available selected data.
According to Statista, the most powerful military in the world is the United States military. Statista uses an index with 50 different factors such as military might to budget to give each country a score. The top eight most powerful militaries as of January 2022: United States.