Economy

Economy

According to the World Bank (February 2016), Australia has the 12th largest economy on Earth as measured by Gross Domestic Product (GDP).

Australia also has one of the strongest economies in the world.

In fact, the Aussie economy has continued to enjoy positive GDP growth for over 25 years in a row!

For example, the Australian Bureau of Statistics (ABS) reported that Australia’s economy had an impressive 3% GDP growth rate during 2015.

Australia’s strong economic performance has also helped to make Aussies the #2 most prosperous people on the planet, according to the Credit Suisse 2016 Global Wealth Report which revealed the average net wealth of Australian adults to be $375,600 USD.

The Credit Suisse 2015 Global Wealth Report also declared Australia to be the best country in the world for the middle class, with 66.1% of Australia’s population classified in the middle class and 80.3% of Australians categorized as being in the middle class or wealthier socioeconomic classes.

Thus, with its booming economy and widespread prosperity, Australia offers skilled foreign workers and their families great opportunities for a high standard of living.

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