Economy

Economy

Immigration News

Employers Hired Net 88,400 Workers in Australia During June 2022

Minimum Wage for Working in Australia Going Up to $21.38 per Hour

Australia's 3.9% Unemployment Rate Is Lowest in 48 Years (Since 1974)

Foreign Workers Are Needed to Help Fill 400,000 Jobs in Australia

Employment in Australia Is at the Highest Rate in 13 Years

Australia Opens Borders to Fully Vaccinated Travelers on February 21, 2022

Most Aussies Want Migrants to Have Chance for Permanent Residency

Here Are 50 Ideas for Vacation Locations While Living in Australia

Close to a Record Percentage of People Are Working in Australia

Record Number of Jobs in Australia Added During November 2021

Australia Welcomes Foreign Students and Skilled Workers

Australian Immigration Is Crucial to Economic Growth

Vaccinated Foreign Workers and Students Can Travel to Australia

Big Boost in Pay and Benefits for People Working in Australia

Skills Shortage Leads to Perks for People Working in Australia

People Working in Australia Are Getting Higher Salaries

Advertisements for Jobs in Australia Soar to a Two Year High

Australian Job Openings Are 57% Higher Than Before Pandemic Began

Switching to Flexible Digital Jobs in Australia Benefits Women

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

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

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