Australia Economy

A job in Australia requires more than just the obvious Australia CV writing and translation. You will face issues that probably did not even cross your mind when you decided to go for an overseas career. Do not underestimate the big impact they can have on the result of your adventure! For example, you will experience the different immigration rules and practices, job application procedures, the selection trends and the management culture.

Most visits to Australia are trouble-free but you should be aware of the risk of indiscriminate terrorist attacks, which could be against civilian targets, including places frequented by expatriates and foreign travelers like restaurants, hotels, clubs and shopping areas. In recent years, the Australian authorities have carried out a number of investigations and operations against terrorist networks.
You should exercise a high level of security awareness and monitor local news broadcasts and consular messages. Making local contacts quickly and seeking support from other expatriates will greatly increase your comfort and safety

Australia economy - overview: Australia has a prosperous Western-style capitalist economy, with a per capita GDP on par with the four dominant West European economies. Robust business and consumer confidence and high export prices for raw materials and agricultural products are fueling the economy, particularly in mining states. Australia's emphasis on reforms, low inflation, a housing market boom, and growing ties with China have been key factors behind the Australian economy grew for 17 consecutive years before the global financial crisis.  Drought, robust import demand, and a strong currency have pushed the trade deficit up in recent years, while infrastructure bottlenecks and a tight labor market are constraining growth in export volumes and stoking inflation. Australia's budget has been in surplus since 2002 due to strong revenue growth. The government is focused on raising Australia's economic productivity to ensure the sustainability of growth and continues to manage the symbiotic, but sometimes tense, economic relationship with China. Australia is engaged in the Trans-Pacific Partnership talks and ongoing free trade agreement negotiations with China, Japan and Korea.

Labor force - by occupation: agriculture 5%, industry 22%, services 73% (1997 est.); agriculture 3.6%, industry 21.2%, services 75.2% (2004 est.)

Unemployment rate: 6.3% (2002), 4.4% (2007 est.), 5% (2011 est.).

Inflation rate (consumer prices): 2.3% (2007 est.), 3.4% (2011 est.)

Natural resources: bauxite, coal, iron ore, copper, tin, gold, silver, uranium, nickel, tungsten, mineral sands, lead, zinc, diamonds, natural gas, petroleum

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

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

AustraliaCurrencyCurrency: Australia Dollar (AUD; symbol A$) = 100 cents. Notes are in denominations of A$ 100, 50, 20, 10 and 5. Coins are in denominations of A$ 2 and 1, and 50, 20, 10 and 5 cents.

Credit/Debit Cards and ATMs: Major credit cards are accepted. Use may be restricted in small towns and outback areas, as is ATM availability

Traveler's Cheques: Widely accepted in major currencies at banks or large hotels. However, some banks may charge a fee for cashing traveler's cheques. To avoid additional exchange rate charges, travelers are advised to take traveler's cheques in a major currency.

Exchange rates: Australia dollars (AUD) per US dollar - 0.9694 (2011 est.), 1.0902 (2010), 1.2822 (2009), 1.2059 (2008), 1.2137 (2007), 1.3285 (2006), 1.3095 (2005), 1.3598 (2004), 1.5419 (2003)

Other Australia Economy Info

We hope that your Australia jobs search will be successful and you will get Australia visa too. So, now find out how to prepare the Australia cover letter and Australia CV. When they are ready, you may distribute them to your prospective employers and start preparing for an Australia job interview.

In addition, on the international info, job search, visa, work permit, cover letter, CV & resume, job interview and dress code pages you will find many useful tips for overseas job seekers.

Good luck with your Australia economy info!