e.
Conservative fiscal policies have kept Australia's budget in surplus
since 2002.

GDP (purchasing power parity):
$666.3 billion (2006 est.)

GDP (official exchange rate):
$645.3 billion (2006 est.)

GDP - real growth rate:
2.8% (2006 est.)

GDP - per capita (PPP):
$32,900 (2006 est.)

GDP - composition by sector:
agriculture: 3.8%
industry: 26.2%
services: 70% (2005 est.)

Labor force:
10.66 million (2006 est.)

Labor force - by occupation:
agriculture: 3.6%
industry: 21.2%
services: 75.2% (2004 est.)

Unemployment rate:
4.9% (2006 est.)

Population below poverty line:
NA%

Household income or consumption by percentage share:
lowest 10%: 2%
highest 10%: 25.4% (1994)

Distribution of family income - Gini index:
35.2 (1994)

Inflation rate (consumer prices):
3.8% (2006 est.)

Investment (gross fixed):
26.8% of GDP (2006 est.)

Budget:
revenues: $267 billion
expenditures: $258 billion; including capital expenditures of $NA
(2006 est.)

Public debt:
14.1% of GDP (2006 est.)

Agriculture - products:
wheat, barley, sugarcane, fruits, cattle, sheep, poultry

Industries:
mining, industrial and transportation equipment, food processing,
chemicals, steel

Industrial production growth rate:
-3.5% (2006 est.)

Electricity - production:
225.3 billion kWh (2004)

Electricity - production by source:
fossil fuel: 90.8%
hydro: 8.3%
nuclear: 0%
other: 0.9% (2001)

Electricity - consumption:
209.5 billion kWh (2004)

Electricity - exports:
0 kWh (2004)

Electricity - imports:
0 kWh (2004)

Oil - production:
530,000 bbl/day (2005 est.)

Oil - consumption:
877,300 bbl/day (2004 est.)

Oil - exports:
523,400 bbl/day (2001)

Oil - imports:
530,800 bbl/day (2001)

Oil - proved reserves:
3.664 billion bbl (1 January 2002)

Natural gas - production:
37.03 billion cu m (2004 est.)

Natural gas - consumption:
26.37 billion cu m (2004 est.)

Natural gas - exports:
10.66 billion cu m (2004 est.)

Natural gas - imports:
0 cu m (2004 est.)

Natural gas - proved reserves:
821.2 billion cu m (1 January 2005 est.)

Current account balance:
$-41.62 billion (2006 est.)

Exports:
$117 billion (2006 est.)

Exports - commodities:
coal, gold, meat, wool, alumina, iron ore, wheat, machinery and
transport equipment

Exports - partners:
Japan 20.3%, China 11.5%, South Korea