Australia
The Commonwealth of Australia is an
internationally competitive, advanced market economy
of approximately 21 million people located between
the Indian and South Pacific Oceans. It was listed
as one of the Organization for Economic Cooperation
and Development’s fastest growing economies during
the 1990’s, a performance due in large part to
economic reforms adopted in the 1980’s. Long-term
concerns include climate-change issues such as the
depletion of the ozone layer, droughts, and
management and conservation of coastal areas,
particularly the Great Barrier Reef. It is a leading
producer and exporter of beef, lamb, wool, wine,
wheat, and barley, and a net exporter of
agricultural products (including forest and fish
products). The United States and Australia
communicate on trade issues via the U.S.-Australia
Free Trade Agreement.
Population: 21 million
GDP: $43,800
Agriculture: 3% of GDP
Agriculture Production:
Wheat, barley, sugarcane,
fruit, cattle, sheep, and poultry
Major Agricultural Exports:
Red meats, wine and beer, dairy
products, wool, live animals, sugar, and fresh fruit
Major U.S. Agricultural Exports to Australia:
Red meats, fresh fruit, processed
fruits and vegetables, tree nuts, planting seeds,
pet food, and processed food products
Economic, Political,
and Demographic Information
