{"id":2588,"date":"2020-06-05T05:54:39","date_gmt":"2020-06-05T05:54:39","guid":{"rendered":"https:\/\/www.one-visa.com\/?page_id=2588"},"modified":"2026-03-03T00:18:10","modified_gmt":"2026-03-02T16:18:10","slug":"%e6%be%b3%e5%a4%a7%e5%88%a9%e4%ba%9a%e7%bb%8f%e6%b5%8e","status":"publish","type":"page","link":"https:\/\/www.one-visa.com\/zh\/australia-visa-resources\/australian-economy\/","title":{"rendered":"\u6fb3\u5927\u5229\u4e9a\u7ecf\u6d4e"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-post\" data-elementor-id=\"2588\" class=\"elementor elementor-2588\" data-elementor-post-type=\"page\">\n\t\t\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-47c3f3b elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"47c3f3b\" data-element_type=\"section\" data-e-type=\"section\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t\t\t\t<div class=\"elementor-background-overlay\"><\/div>\n\t\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-4758602\" data-id=\"4758602\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-4461e88 elementor-widget elementor-widget-heading\" data-id=\"4461e88\" data-element_type=\"widget\" data-e-type=\"widget\" id=\"top\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Australian Economy<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-af997b1 elementor-share-buttons--view-icon elementor-share-buttons--skin-flat elementor-share-buttons--shape-circle elementor-grid-0 elementor-share-buttons--color-official elementor-widget elementor-widget-share-buttons\" data-id=\"af997b1\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"share-buttons.default\">\n\t\t\t\t\t\t\t<div class=\"elementor-grid\" role=\"list\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-grid-item\" role=\"listitem\">\n\t\t\t\t\t\t<div class=\"elementor-share-btn elementor-share-btn_facebook\" role=\"button\" tabindex=\"0\" aria-label=\"Share on facebook\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-share-btn__icon\">\n\t\t\t\t\t\t\t\t<svg aria-hidden=\"true\" class=\"e-font-icon-svg e-fab-facebook\" viewBox=\"0 0 512 512\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><path d=\"M504 256C504 119 393 8 256 8S8 119 8 256c0 123.78 90.69 226.38 209.25 245V327.69h-63V256h63v-54.64c0-62.15 37-96.48 93.67-96.48 27.14 0 55.52 4.84 55.52 4.84v61h-31.28c-30.8 0-40.41 19.12-40.41 38.73V256h68.78l-11 71.69h-57.78V501C413.31 482.38 504 379.78 504 256z\"><\/path><\/svg>\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t<div class=\"elementor-grid-item\" role=\"listitem\">\n\t\t\t\t\t\t<div class=\"elementor-share-btn elementor-share-btn_twitter\" role=\"button\" tabindex=\"0\" aria-label=\"Share on twitter\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-share-btn__icon\">\n\t\t\t\t\t\t\t\t<svg aria-hidden=\"true\" class=\"e-font-icon-svg e-fab-twitter\" viewBox=\"0 0 512 512\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><path d=\"M459.37 151.716c.325 4.548.325 9.097.325 13.645 0 138.72-105.583 298.558-298.558 298.558-59.452 0-114.68-17.219-161.137-47.106 8.447.974 16.568 1.299 25.34 1.299 49.055 0 94.213-16.568 130.274-44.832-46.132-.975-84.792-31.188-98.112-72.772 6.498.974 12.995 1.624 19.818 1.624 9.421 0 18.843-1.3 27.614-3.573-48.081-9.747-84.143-51.98-84.143-102.985v-1.299c13.969 7.797 30.214 12.67 47.431 13.319-28.264-18.843-46.781-51.005-46.781-87.391 0-19.492 5.197-37.36 14.294-52.954 51.655 63.675 129.3 105.258 216.365 109.807-1.624-7.797-2.599-15.918-2.599-24.04 0-57.828 46.782-104.934 104.934-104.934 30.213 0 57.502 12.67 76.67 33.137 23.715-4.548 46.456-13.32 66.599-25.34-7.798 24.366-24.366 44.833-46.132 57.827 21.117-2.273 41.584-8.122 60.426-16.243-14.292 20.791-32.161 39.308-52.628 54.253z\"><\/path><\/svg>\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t<div class=\"elementor-grid-item\" role=\"listitem\">\n\t\t\t\t\t\t<div class=\"elementor-share-btn elementor-share-btn_linkedin\" role=\"button\" tabindex=\"0\" aria-label=\"Share on linkedin\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-share-btn__icon\">\n\t\t\t\t\t\t\t\t<svg aria-hidden=\"true\" class=\"e-font-icon-svg e-fab-linkedin\" viewBox=\"0 0 448 512\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><path d=\"M416 32H31.9C14.3 32 0 46.5 0 64.3v383.4C0 465.5 14.3 480 31.9 480H416c17.6 0 32-14.5 32-32.3V64.3c0-17.8-14.4-32.3-32-32.3zM135.4 416H69V202.2h66.5V416zm-33.2-243c-21.3 0-38.5-17.3-38.5-38.5S80.9 96 102.2 96c21.2 0 38.5 17.3 38.5 38.5 0 21.3-17.2 38.5-38.5 38.5zm282.1 243h-66.4V312c0-24.8-.5-56.7-34.5-56.7-34.6 0-39.9 27-39.9 54.9V416h-66.4V202.2h63.7v29.2h.9c8.9-16.8 30.6-34.5 62.9-34.5 67.2 0 79.7 44.3 79.7 101.9V416z\"><\/path><\/svg>\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-8313bfb elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"8313bfb\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-top-column elementor-element elementor-element-0a8fec1 elementor-invisible\" data-id=\"0a8fec1\" data-element_type=\"column\" data-e-type=\"column\" data-settings=\"{&quot;animation&quot;:&quot;fadeInLeft&quot;}\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<section class=\"elementor-section elementor-inner-section elementor-element elementor-element-1a0f1f6 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"1a0f1f6\" data-element_type=\"section\" data-e-type=\"section\" id=\"sticky-sidebar\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-inner-column elementor-element elementor-element-44b4154\" data-id=\"44b4154\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-24459ef elementor-widget elementor-widget-heading\" data-id=\"24459ef\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Australian Economy<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-325106a elementor-widget elementor-widget-heading\" data-id=\"325106a\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Quick Links<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-663ce0e elementor-align-start elementor-icon-list--layout-traditional elementor-list-item-link-full_width elementor-widget elementor-widget-icon-list\" data-id=\"663ce0e\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"icon-list.default\">\n\t\t\t\t\t\t\t<ul class=\"elementor-icon-list-items\">\n\t\t\t\t\t\t\t<li class=\"elementor-icon-list-item\">\n\t\t\t\t\t\t\t\t\t\t\t<a href=\"#id1\">\n\n\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-icon\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<i class=\"fa fa-angle-right\" aria-hidden=\"true\"><\/i>\n\t\t\t\t\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-text\">Overview<\/span>\n\t\t\t\t\t\t\t\t\t\t\t<\/a>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t\t\t<li class=\"elementor-icon-list-item\">\n\t\t\t\t\t\t\t\t\t\t\t<a href=\"#id2\">\n\n\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-icon\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<i class=\"fa fa-angle-right\" aria-hidden=\"true\"><\/i>\n\t\t\t\t\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-text\">Numbers, Indices, Forecasts of Australian\u2019s Economy<\/span>\n\t\t\t\t\t\t\t\t\t\t\t<\/a>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t\t\t<li class=\"elementor-icon-list-item\">\n\t\t\t\t\t\t\t\t\t\t\t<a href=\"#id3\">\n\n\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-icon\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<i class=\"fa fa-angle-right\" aria-hidden=\"true\"><\/i>\n\t\t\t\t\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-text\">Characteristics of Australian Economy<\/span>\n\t\t\t\t\t\t\t\t\t\t\t<\/a>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t\t\t<li class=\"elementor-icon-list-item\">\n\t\t\t\t\t\t\t\t\t\t\t<a href=\"#id4\">\n\n\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-icon\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<i class=\"fa fa-angle-right\" aria-hidden=\"true\"><\/i>\n\t\t\t\t\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-text\">Tax System in Australia<\/span>\n\t\t\t\t\t\t\t\t\t\t\t<\/a>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t\t\t<li class=\"elementor-icon-list-item\">\n\t\t\t\t\t\t\t\t\t\t\t<a href=\"#id5\">\n\n\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-icon\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<i class=\"fa fa-angle-right\" aria-hidden=\"true\"><\/i>\n\t\t\t\t\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-text\">International Trade<\/span>\n\t\t\t\t\t\t\t\t\t\t\t<\/a>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t\t\t<li class=\"elementor-icon-list-item\">\n\t\t\t\t\t\t\t\t\t\t\t<a href=\"#id6\">\n\n\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-icon\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<i class=\"fa fa-angle-right\" aria-hidden=\"true\"><\/i>\n\t\t\t\t\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-text\">The attractive part of Australian\u2019s Economy <\/span>\n\t\t\t\t\t\t\t\t\t\t\t<\/a>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t<\/ul>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-top-column elementor-element elementor-element-50a55d1\" data-id=\"50a55d1\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-0670863 elementor-widget elementor-widget-text-editor\" data-id=\"0670863\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p><a name=\"id1\"><\/a><\/p><h4><b>Overview<\/b><\/h4><p style=\"background: white; margin: 0cm 0cm 7.5pt 0cm;\"><span lang=\"EN-SG\" style=\"font-size: 10.5pt; font-family: 'Arial',sans-serif; color: #717171; letter-spacing: .25pt;\">Australia boasts one of the most powerful economies on our planet being the 12th for the nominal GDP (over 1.5 trillion USD) and the 16th for the GDP (at PPP) per capita (over 48k USD). The country is the planet\u2019s 19th largest exporter (mainly mining and agricultural products) and importer. Being one of the richest nations of Asia-Pacific, Australia has been expanding its economic influence in the region for several decades. Australia is one of a few countries that endured the global downturn without almost any losses due to the stability of the national currency (Australian dollar) and robust mining sector. Services, manufacturing, technologies, and agriculture are other fortes of the Australian economy. \u00a0<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-5050e2e elementor-widget elementor-widget-text-editor\" data-id=\"5050e2e\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p><a name=\"id2\"><\/a><\/p><h4><strong>Numbers, Indices, Forecasts of Australian\u2019s Economy<\/strong><\/h4><ul><li>Economy by sectors: 58% of services, 9% of construction, 7% of mining, 7% of manufacturing, and 5% of retail trade<\/li><li>Economic growth is 2.5%<\/li><li>Inflation is 1.5%<\/li><li>Population of 23.7 million (annual growth is 1.4%)<\/li><li>1AUD = 0.7306 USD<\/li><li>Unemployment rate is 5.8%<\/li><li>AVG weekly salary is 1,137 AUD<\/li><li>AVG price of a house is 612k AUD<\/li><li>Australia\u2019s GDP per capita (as for the purchasing power parity), which is higher than 48k USD, excels those of Canada, Germany, or the United Kingdom.<\/li><li>Country\u2019s credit rating \u2013 AAA \u2013 is better than that of the United States (jumped down from AAA to AA+ in 2011).<\/li><li>The adult Aussies have the 2nd highest average wealth on the planet according to the Credit Suisse Research Institute (2013).<\/li><li>The growth of the GDP in Australia is faster than that of Canada, the U.S., New Zealand, or Norway according to the forecast of the Reserve Bank of Australia.<\/li><\/ul><p>In the end of 2015, Australia\u2019s economy was discussed by global investors in a \u201cbearish\u201d tone. Goldman Sachs forecasts a slower economic growth for Australia in 2016 (2.0%). It also forecasts a slight growth of inflation (2%) and unemployment (6.2%) rates, but a soon recovery in 2017-18 is anticipated.<br \/>Australia is ranked 4th (among Asia-Pacific countries) in the Index of Economic Freedom (2015): its remarkable monetary and labour freedoms were, however, found overshadowed by worse performance in government spending control, corruption, and investment freedom. With the score of 81.4, Australia falls short of the index of Free Economies which is 84.6. Nevertheless, Australia has been faithful to economic freedom for centuries building up open-market, trade-oriented, sustainable, and dynamic economic policies.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-7cd8d81 elementor-widget elementor-widget-text-editor\" data-id=\"7cd8d81\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p><a name=\"id3\"><\/a><\/p><h4><strong>Characteristics of Australian Economy<\/strong><\/h4><h5>Legal Climate<\/h5><p>Australia enjoys a calm political climate with professional, transparent, and strong legal regulations fulfilled through an independent and impartial judiciary system. The country practices advanced mechanisms in fighting corruption among officials and efficient business and property regulations with a strong enforcement of laws.<\/p><h5>Profitable Sectors<\/h5><p>The Australian economy is service-oriented; its\u00a0<a href=\"https:\/\/www.one-visa.com\/education-in-australia\">education<\/a>, tourism,\u00a0<a href=\"https:\/\/www.one-visa.com\/banking-system-in-australia\">finance<\/a>, and other services contribute over 69% of the GDP. However, the country owes its stability to the mining sector which started developing after the WWII thanks to capital infusions from the United Kingdom and intensive government\u2019s expenditures on communications, transport, and infrastructure. The booming mining, as well as gold and iron-ore output, quickly attracted inrush of immigrants which resulted in mega-urbanisation of Perth and constant growth of the economy.<\/p><p>The vivid mining sector is named among reasons of Australia\u2019s resistance to the global financial crisis and skipping the inevitable recession. The country excelled the expected GDP growth rates striking the world with the overwhelming growth of 4.3%. Nevertheless, a recession still has touched some of its non-mining states. Actually, only mining states (on the west and north) and those resource-oriented are growing economically; for other states, such as Capital Territory, Tasmania, New South Wales and so on, recessions are a common thing.<\/p><p>Being endowed with colossal nature resources, Australia is an active exporter of coal, gas, mining products, gold and agricultural products such as wool and wheat. Australia\u2019s main product markets are the US, China, Japan, India, and South Korea. Such territories as Victoria, Queensland, and New South Wales are the biggest producers of coal, 54% of which is exported to Asia. The country gets 85% of electric energy from its own coal. Australia is also famous for its rare red and pink diamonds which are produced in the Argyle mine.<\/p><p>Australia gets almost 3% of its GDP from agricultural (mostly farm) products 60% of which are being exported. As a country, loved by tourists, in 2011, Australia\u2019s economy got over 90 million AUD a day thanks to tourism making over 2.5% of GDP.<\/p><h5>Employment<\/h5><p>The country is among the world\u2019s top\u00a0employment destinations. The unemployment rate (as a percentage of people who have been unemployed for more than a year) is much lower here (1%) than the average of the Organisation of Economic Cooperation and Development (2.8%). The official unemployment rate is 5.8%. Roy Morgan Research\u2019s survey revealed that unemployment\/underemployment was 20% in 2015. Such discrepancies can be explained by differences in methods of calculation.<\/p><p>In average, the Aussies earn 50.1k USD a year; however, there is an enormous difference between how much top 20% employees and bottom 20% ones earn: 64k USD and 28k USD accordingly. The household spending per capita reaches 31.5k USD a year.<\/p><p>Australia is one of the leaders of employment in the Asia-Pacific area. Its progressive mining and agricultural sectors attract hordes of foreigners. To wring the maximum out of such interest, the Australian government introduced the SkillSelect system that allows foreigners to claim for\u00a0<a href=\"https:\/\/www.one-visa.com\/australia-job-market-overview\">Australian jobs<\/a>\u00a0within the official list of skills. The government developed a wide range of work visas both temporary and permanent and gave each scheme of relocation its own number, for example, visa 457, 189, or 190. A foreigner who already has an offer from an Australian employer can avoid going through the SkillSelect system using the work visa 457.<\/p><p>Does Australia need foreign skills? Definitely, yes, when it comes to such sectors as engineering, construction, gas, mining, oil, renewable energy, and infrastructure. Queensland and Western Australia are areas where foreigners have the highest chance to land prestigious and well-paid jobs, of course, if they have the demanded skills. The only drawback of such employment is that most of these jobs require spending lots of time in remote areas.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-40ec27d elementor-widget elementor-widget-text-editor\" data-id=\"40ec27d\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p><a name=\"id4\"><\/a><\/p><h4><strong>Tax System in Australia<\/strong><\/h4><p>Taxation in Australia is conducted on 2 levels: the federal government collects taxes from personal and business incomes, as well as Goods and Services Tax, Medicare levy, withholding taxes, customs duties, and excise, and then local state or territory governments (councils) impose taxes related to property, land, vehicles, sales of shares and real estate (Stamp Duty), big salaries (the Payroll Tax), and so on. Taxes contribute up to 27% of revenue to the Australian economy.<\/p><p>The federal taxation is conducted on the principle of residence: non-residents pay taxes only from income earned inside Australia while residents get taxed for any kind of income regardless of its source. There are certain rules how such residence is determined for individuals and companies.<\/p><p>Capital gains (revenues derived from the sale of assets) and dividends are also taxed in Australia being treated as a part of income. Taxation of individual income for residents starts from 18.2k AUD (at 19%), and then the rate grows gradually reaching the maximum of 45% with an additional fixed tax of 54.547k AUD for incomes higher than 180k AUD. The minimum tax rate for the income of non-residents is 32.5%, and taxation starts from 0 AUD. Companies in Australia pay the fixed corporate tax of 30% irrespective of the amount of income.<\/p><p>Goods and services that are being sold in Australia or imported to the country are subject to the GST (Goods and Services Tax) which is 10%. The tax was set up in 2000. Exemptions of this tax are salaries, unprocessed food, education, health products and services, and export. The tax is imposed on new property both residential and non-residential.<\/p><p>All Australian citizens and residents who rely on the national healthcare scheme called Medicare must pay 1% from their taxable income. The government approaches every household individually making people with low income (earn less than 20.896k AUD per annum) exempts from the levy and surcharging top earners (more than 90k AUD for singles and 180k AUD for families) with additional 1%.<\/p><p>Except local taxes, councils get support (receipts of funds) from the federal government for such purposes as road building and repair, sports facilities, and caring for aged people, mothers, and children.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-d78c0c2 elementor-widget elementor-widget-text-editor\" data-id=\"d78c0c2\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<a name=\"id5\"><\/a>\n<h4><strong>International Trade\n<\/strong><\/h4>\nAustralia\u2019s outstanding economic performance is fueled up by the growth of its strategic partners: the U.S., Japan, and China. Being a member of G20, OECD, APEC, and WTO, Australia is faithful to agreements of free trade with the United States, Singapore, Japan, New Zealand, Canada, ASEAN, China, Malaysia, India, and other countries. China is the biggest importer of Australian raw materials (such as iron ore or wool) and one of the biggest investors in the industries of resource extraction.\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-b59bcc6 elementor-widget elementor-widget-text-editor\" data-id=\"b59bcc6\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p><a name=\"id6\"><\/a><\/p><h4><strong>The attractive part of Australian\u2019s Economy <\/strong><\/h4><p>Being one of the 20 strongest economies in the world, Australia naturally interests lots of investors and entrepreneurs with great business ideas. The main reason why Australia is considered as a business destination is its political and economic stability. Other reasons are:<\/p><ul><li>English-speaking, well-educated, and multicultural manpower that comes from all corners of the world;<\/li><li>advanced governmental support;<\/li><li>high quality of life;<\/li><li>advantageous trade agreements with many countries of the world;<\/li><li>dominance of small businesses (96%) which means you won\u2019t be squeezed from the market by some giant company.<\/li><\/ul><p>The government welcomes new start-ups and meets them halfway with more flexible licensing and easier business regulations. Starting a company here requires only one short procedure, and no huge paid-up capital is required.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<section class=\"elementor-section elementor-inner-section elementor-element elementor-element-b945251 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"b945251\" data-element_type=\"section\" data-e-type=\"section\" data-settings=\"{&quot;background_background&quot;:&quot;gradient&quot;}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-inner-column elementor-element elementor-element-61049b8\" data-id=\"61049b8\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-aed06ae elementor-widget elementor-widget-heading\" data-id=\"aed06ae\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Migrating to Australia? <br>Get professional help on your visa to Australia!<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-fcb0cc6 elementor-widget elementor-widget-heading\" data-id=\"fcb0cc6\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Join thousands of professionals that had use us to secured their visas!<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-878095a elementor-align-center elementor-widget elementor-widget-button\" data-id=\"878095a\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"button.default\">\n\t\t\t\t\t\t\t\t\t\t<a class=\"elementor-button elementor-button-link elementor-size-md\" href=\"#elementor-action%3Aaction%3Dpopup%3Aopen%26settings%3DeyJpZCI6IjEzOTAiLCJ0b2dnbGUiOmZhbHNlfQ%3D%3D\">\n\t\t\t\t\t\t<span class=\"elementor-button-content-wrapper\">\n\t\t\t\t\t\t\t\t\t<span class=\"elementor-button-text\"> Get Free Assessment Today!<\/span>\n\t\t\t\t\t<\/span>\n\t\t\t\t\t<\/a>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<div class=\"elementor-element elementor-element-5116098 elementor-widget elementor-widget-text-editor\" data-id=\"5116098\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<h3><span style=\"color: #fa;\">Need help in secure your Australia Visa?<\/span><\/h3>\nSee below for all related topics:\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<section class=\"elementor-section elementor-inner-section elementor-element elementor-element-a00391f elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"a00391f\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-inner-column elementor-element elementor-element-9abedaa\" data-id=\"9abedaa\" data-element_type=\"column\" data-e-type=\"column\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-46bff4f elementor-widget elementor-widget-heading\" data-id=\"46bff4f\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h1 class=\"elementor-heading-title elementor-size-default\"><a href=\"https:\/\/www.one-visa.com\/australia-visa-resources\/permanent-residency-australia\">Australia Permanent Residency<\/a><\/h1>\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-inner-column elementor-element elementor-element-99f3608\" data-id=\"99f3608\" data-element_type=\"column\" data-e-type=\"column\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-5fd9690 elementor-widget elementor-widget-heading\" data-id=\"5fd9690\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\"><a href=\"https:\/\/www.one-visa.com\/australia-visa-resources\/australia-tourist-visitor-visa\">Australia Visitor Visa\u200b<\/a><\/h2>\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-inner-section elementor-element elementor-element-3a4e9ed elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"3a4e9ed\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-inner-column elementor-element elementor-element-52f474c\" data-id=\"52f474c\" data-element_type=\"column\" data-e-type=\"column\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-fd202b2 elementor-widget elementor-widget-heading\" data-id=\"fd202b2\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h1 class=\"elementor-heading-title elementor-size-default\"><a href=\"https:\/\/www.one-visa.com\/australia-visa-resources\/australia-resident-return-visa\">Resident Return Visa<\/a><\/h1>\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-inner-column elementor-element elementor-element-08d3934\" data-id=\"08d3934\" data-element_type=\"column\" data-e-type=\"column\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-5586394 elementor-widget elementor-widget-heading\" data-id=\"5586394\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\"><a href=\"https:\/\/www.one-visa.com\/australia-visa-resources\/skilled-visa-australia\"> Australian Skilled Migration<\/a><\/h2>\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-64ba335 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"64ba335\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-2a95f75\" data-id=\"2a95f75\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-2939d8c elementor-widget elementor-widget-html\" data-id=\"2939d8c\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"html.default\">\n\t\t\t\t\t<style>\r\n  @media (min-width: 1024px) {\r\n    #sticky-sidebar {\r\n      position: sticky;\r\n      top: 0;\r\n    }\r\n    #sticky-sidebar .elementor-heading-title {\r\n      display: none;\r\n    }\r\n    #sticky-sidebar.active .elementor-heading-title {\r\n      display: block;\r\n    }\r\n    .admin-bar #sticky-sidebar {\r\n      position: sticky;\r\n      top: 32px;\r\n    }\r\n  }\r\n  .elementor-icon-list-item a.active .elementor-icon-list-text {\r\n    color: #af3231!important;\r\n  }\r\n<\/style>\r\n<script>\r\nfunction scrollMenu () {\r\n  var scrollOffset=50;\r\n  var $sidebar = jQuery('#sticky-sidebar');\r\n  var $links = jQuery('#sticky-sidebar .elementor-icon-list-item a');\r\n\r\n  var to = function (name) {\r\n    jQuery('html, body').animate({scrollTop: jQuery(\"a[name=\"+name+\"]\").offset().top+scrollOffset}, 300);\r\n  }\r\n  function throttle(func, wait, options) {\r\n    var context, args, result;\r\n    var timeout 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throttle(function () {\r\n    var fromTop = window.scrollY;\r\n    function getStickyActiveOffset () {\r\n      var htmlTOp = parseInt(jQuery('html').css('marginTop'),10);\r\n      var header = jQuery('.elementor-location-header').outerHeight();\r\n      var banner = jQuery('.page-content .elementor .elementor-section-wrap > .elementor-element:first-child').outerHeight();\r\n      var total = htmlTOp+header+banner+30;      \r\n      return total;\r\n    }\r\n    var stickyActiveOffset = getStickyActiveOffset();\r\n\r\n\r\n    if (fromTop > stickyActiveOffset) {\r\n      $sidebar.addClass('active');\r\n    } else {\r\n      $sidebar.removeClass('active');\r\n    }\r\n    let activeIndex = -1\r\n    $links.each(function(i,link)  {\r\n      var name = jQuery(link).attr('href').replace('#','');\r\n      var section = jQuery(\"a[name=\"+name+\"]\").closest('.elementor-element');\r\n      if (section !== null) {\r\n          if(!section[0]) {console.log(name)}\r\n        if (section[0].offsetTop+stickyActiveOffset <= fromTop + scrollOffset &&\r\n            section[0].offsetTop + section[0].offsetHeight+stickyActiveOffset > fromTop + scrollOffset) {\r\n          activeIndex = i;\r\n        }\r\n      }\r\n    })\r\n\r\n    $links.removeClass('active');\r\n    if(activeIndex>-1) {\r\n      $links.eq(activeIndex).addClass('active');\r\n    }\r\n  }, 100);\r\n  $links.each(function (i,link) {\r\n    var name = jQuery(link).attr('href').replace('#','');\r\n    jQuery(link).on('click',function (e) {\r\n      e.preventDefault();\r\n      jQuery('html, body').animate({scrollTop: jQuery(\"a[name=\"+name+\"]\").closest('.elementor-element').offset().top-scrollOffset}, 300);\r\n    })\r\n  })\r\n  handleScroll();\r\n  jQuery(window).on('scroll',handleScroll);\r\n}\r\nscrollMenu();\r\n<\/script>\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>Australian Economy Share on facebook Share on google Share on twitter Share on linkedin Australian Economy Quick Links Overview Numbers, Indices, Forecasts of Australian\u2019s Economy Characteristics of the Australian Economy Tax System in Australia International Trade The attractive part of Australian\u2019s Economy Overview Australia boasts one of the most powerful economies on our planet being [&hellip;]<\/p>\n","protected":false},"author":6,"featured_media":2585,"parent":1973,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"footnotes":""},"class_list":["post-2588","page","type-page","status-publish","has-post-thumbnail","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.5 (Yoast SEO v27.5) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Australian Economy &#187; One Visa Immigration Agency<\/title>\n<meta name=\"description\" content=\"Learn about Australia\u2019s economy, key industries and growth 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