australia: economics
TRANSCRIPT
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Australia
Economics
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Effects of Colonization
Gold was discovered in 1851370,000 immigrants (mainly
from Britain) arrived on the continent
Provided a massive influx of workforce members
Provided more people to feed, which increased the demand for agricultural production
Areas of Gold in Australia
Image Credit: Australian Government
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Effects of Colonization
Provided massive amounts of production for the British Empire
Once the Aborigines were forced onto reservations, Australia’s landscape provided unused space for livestock raising and commercial farming
Image Credit: The Australian
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Imports
● $245.9 billion (2014)● Commodities:
○ Machinery○ Computers○ Telecommunication
equipment○ Oil Image Credit: Top Foreign
Stocks
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Exports
● $250.8 billion (2014)
● Commodities:○ Coal○ Iron○ Gold○ Meat○ Wool○ Machinery○ Wheat Image Credit: At Issue
Journal
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Gross Domestic Product (GDP)
● $1.095 Trillion● $46,400 Per
Capita● 2.7 % Growth
Rate
Image Credit: Dept. of Foreign Affairs and Trade, Australia
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Major Trading Partners
● China● U.S.A.● Japan● Germany● Singapore● South Korea
Image Credit: Yacht Transport, Australia
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Major Jobs
● Tourism● Mining● Equipment Production● Food Processing● Farming
○ Crops○ Livestock
Image Credit: Bulletpoint