The Composition and Key Indicators of the Australian Economy: Infographic

The Reserve Bank of Australia has published the updated snapshots of the Australian Economy. The following two are interesting with data as of Feb, 2022.  The composition of the economy shows that natural resources account for about 69% of exports and the largest export market is China. The average price of a residential dwelling at A$864K is shocking. Inflation at 3.5% is lower than the rate in the US. The Unemployment Rate is also low at 4.4%.

The Composition of the Australian Economy:

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The Key Indicators of the Australian Economy:

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Source: RBA Snapshots, The Reserve Bank of Australia; Hat Tip: MarketIndex

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