Economy

Economy

Immigration News

Australian Visa Applications Prioritized for Certain Skilled Foreign Workers

Adelaide, Perth, Melbourne and Brisbane Among World’s Top 10 Best Cities 

Australia Is One of Only 5 Countries with GDP Larger Than Before Pandemic

Fast-Track Australian Immigration Open for 18 Occupations

Australian Employment and Wages Higher Than Before Pandemic

Aussie Consumer Spending Expected to Drive Economic Growth

Australian Jobs Soar, Dropping Unemployment Rate to Only 5.6%

Employers Facing Challenge Filling Construction Jobs in Australia

Government Reports 89,000 Jobs in Australia Added to Economy

Workers Needed for Trades and Services Jobs in Australia

You Can Enjoy the World’s Best Beaches Living in Australia

Skilled Immigrants in High Demand for Regional Australia Jobs

Australian Jobs of the Future Will Require Digital Skills

Over 78,000 Jobs in Australia Available in Resources Industry

Companies Struggle to Find Workers in Western Australia

Australian Economy Could Be Top OECD Performer in 2021

There Is Growing Demand for These Jobs in Australia

Help Wanted – Workers Needed for 254,000 Jobs in Australia

Big Boost in Research Spending to Create Jobs in Australia

Have Fun in the Sun at Australia’s Best Coastal Towns!

Most Aussie Households Have Average Income Above $116,000

Australia’s Scenic Wine Country Is the Perfect Weekend Getaway!

Top 20 Regional Towns for New Homebuyers Living in Australia

Talented Workers Needed for Technology Jobs in Australia

High School Students in Australia Excel in Math and Science

Great Ocean Road Is Only One of Australia’s Scenic Drives

Australia Reports Largest Quarterly GDP Growth Since 1976

Business Is Booming and Firms Are Hiring in Rural Australia

Australian Job Ads in Five Regions Higher Than in 2019

Consumer Confidence in Australia Highest in 7 Years

Move to Australia – Home to the World’s Best Cities!

Employees Voted These the Top Places to Work in Australia

Economy

According to the World Bank (December 2019), Australia has the 13th largest economy on Earth as measured by Gross Domestic Product (GDP), which is $1.43 trillion USD (2019).

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

Australia’s strong economic performance has also helped to make Aussies the #4 most prosperous people on the planet, according to the Credit Suisse 2019 Global Wealth Report which revealed the average net wealth of Australians per adult to be $386,060 USD; but in terms of median wealth ($181,361 USD), Australia is ranked the #2 most prosperous country (after Switzerland).

The Credit Suisse 2019 Global Wealth Report also stated that that there is low inequality in Australia, with 66% of Australians having wealth higher than $100,000 USD (six times greater than the global average), and that Australia is one of the best countries for the middle class.

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

Start your assessment to Australia