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   Ekonomiko-geographical description of Australia

p align="left">Climate change has become an increasing concern in Australia in recent years,[68] with many Australians considering protection of the environment to be the most important issue facing the country.[69] The first Rudd Ministry has initiated several emission reduction activities;[70] Rudd's first official act, on his first day in office, was to sign the instrument of ratification of the Kyoto Protocol. Nevertheless Australia's carbon dioxide emissions per capita are one of the highest in the world, lower than only a few other industrialised nations including the United States and Canada. Rainfall in Australia has slightly increased over the past century, both nationwide and for two quadrants of the nation,[71] while annual mean temperatures increased significantly over the past decades.[72] Water restrictions are currently in place in many regions and cities of Australia in response to chronic shortages due to urban population increases and localised drought.[73]

Economy

The Super Pit in Kalgoorlie, Australia's largest open cut gold mine

The Australian dollar is the currency of the Commonwealth of Australia, including Christmas Island, Cocos (Keeling) Islands, and Norfolk Island, as well as the independent Pacific Island states of Kiribati, Nauru, and Tuvalu. After the 2006 merger of the Australian Stock Exchange and the Sydney Futures Exchange, the Australian Securities Exchange is now the 9th largest in the World.[74]

Australia is one of the most laissez-faire free market economies, according to indices of economic freedom. Australia's per capita GDP is slightly higher than that of the United States, UK, Germany, and France. The country was ranked second in the United Nations 2009 Human Development Index, first in Legatum's 2008 Prosperity Index, and sixth in The Economist worldwide Quality-of-Life Index for 2005. All of Australia's major cities fare well in global comparative liveability surveys;[75] Melbourne reached 2nd place on The Economist's 2008 World's Most Livable Cities list, followed by Perth at 4th, Adelaide at 7th, and Sydney at 9th.[76]

An emphasis on exporting commodities rather than manufactures has underpinned a significant increase in Australia's terms of trade during the rise in commodity prices since the start of the century. Australia has a balance of payments that is more than 7% of GDP negative, and has had persistently large current account deficits for more than 50 years.[77] Australia has grown at an average annual rate of 3.6% for over 15 years, a period in which the OECD annual average was 2.5%.[77] Australia did not fall into a technical recession during the late 2000s recession that affected most other Western countries [78]

Destination and value of Australian exports in 2006

The Hawke Government floated the Australian dollar in 1983 and partially deregulated the financial system.[79] The Howard Government followed with a partial deregulation of the labour market and the further privatisation of state-owned businesses, most notably in the telecommunications industry.[80] The indirect tax system was substantially changed in July 2000 with the introduction of a 10% Goods and Services Tax (GST), which has slightly reduced the reliance on personal and company income tax that characterises Australia's tax system.

In January 2007, there were 10,033,480people employed, with an unemployment rate of 4.6%.[81] Over the past decade, inflation has typically been 2-3% and the base interest rate 5-6%. The service sector of the economy, including tourism, education, and financial services, accounts for 69% of GDP.[82] Although agriculture and natural resources account for only 3% and 5% of GDP respectively, they contribute substantially to export performance. Australia's largest export markets are Japan, China, the US, South Korea, and New Zealand.[83]

Demography

Historic population[84]

Year

Indigenous population

pre 1788

350,000 approximate

Year

Non Indigenous population

Increase

1788

900

--

1800

5,200

477.8%

1850

405,400

7,696.2%

Year

Total population

Increase

1900

3,765,300

--

1910

4,525,100

20.2%

1920

5,411,000

19.6%

1930

6,501,000

20.1%

1940

7,078,000

8.9%

1950

8,307,000

17.4%

1960

10,392,000

25.1%

1970

12,663,000

21.9%

1980

14,726,000

16.3%

1990

17,169,000

16.6%

2000

19,169,100

11.6%

2009

21,828,704

13.6%

The Barossa Valley one of Australia's wine-producing regions in South Australia. Fewer than 15% of Australians live in rural areas.

Most of the estimated 22million Australians are descended from colonial-era settlers and post-Federation immigrants from Europe, with almost 90% of the population being of European descent. For generations, the vast majority of both colonial-era settlers and post-Federation immigrants came almost exclusively from the British Isles, and the people of Australia are still mainly of British or Irish ethnic origin. In the 2006 Australian Census, the most commonly nominated ancestry was Australian (37.13%),[85] followed by English (31.65%), Irish (9.08%), Scottish (7.56%), Italian (4.29%), German (4.09%), Chinese (3.37%), and Greek (1.84%).[86]

Australia's population has quadrupled since the end of World War I,[87] spurred by an ambitious immigration program. Following World War II and through to 2000, almost 5.9million of the total population settled in the country as new immigrants, meaning that nearly two out of every seven Australians were born overseas.[88] Most immigrants are skilled,[89] but the immigration quota includes categories for family members and refugees.[89]

In 2001, the five largest groups of the 23.1% of Australians who were born overseas were from the United Kingdom, New Zealand, Italy, Vietnam, and China.[83][90] Following the abolition of the White Australia policy in 1973, numerous government initiatives have been established to encourage and promote racial harmony based on a policy of multiculturalism.[91] In 2005-06, more than 131,000people emigrated to Australia, mainly from Asia and Oceania.[92] The migration target for 2006-07 was 144,000.[93] The total immigration quota for 2008-09 is around 300,000--its highest level since the Immigration Department was created after World War II.[94][95]

Nearly three quarters of Australians live in metropolitan cities and coastal areas. The beach is an integral part of the Australian identity.[96]

The Indigenous population--mainland Aborigines and Torres Strait Islanders--was counted at 410,003 (2.2% of the total population) in 2001, a significant increase from the 1976 census, which counted an indigenous population of 115,953.[97] A large number of Indigenous people are not identified in the Census due to undercount and cases where their Indigenous status is not recorded on the form; after adjusting for these factors, the ABS estimated the true figure for 2001 to be approximately 460,140 (2.4% of the total population).[98]

Indigenous Australians experience higher than average rates of imprisonment and unemployment, lower levels of education, and life expectancies for males and females that are 11-17 years lower than those of non-indigenous Australians.[83][99][100] Some remote Indigenous communities have been described as having "failed state"-like conditions.[101][citation needed]

In common with many other developed countries, Australia is experiencing a demographic shift towards an older population, with more retirees and fewer people of working age. In 2004, the average age of the civilian population was 38.8 years.[102] A large number of Australians (759,849 for the period 2002-03)[103] live outside their home country.

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