Australia Exporter Guide 2010
Australia is a prosperous, politically and economically stable, industrialized nation. Per capita GDP is approximately US$41,982, among the highest in the world. The Australian economy grew for 16 consecutive years until the global financial crisis, with only one quarter of negative growth in the fourth quarter of 2008. Growth quickly recovered due to a fiscal stimulus package, expansionary monetary policy and continued demand from China for Australian exports. Australia was the best performing economy in the OECD in 2009 and economic growth has now returned to its long-term average, with a 3% rise in GDP expected in 2010-11 and almost 4% in 2011-12.