Australia compare-to-oecd-economies
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Compares Australia to other OECD economies
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Australia compare-to-oecd-economies
- 1. www.oecd.org/eco/surveys/economic-survey-australia.htm Follow us : OECD OECD Economics 2014 OECD ECONOMIC SURVEY OF AUSTRALIA CHARTBOOK: BASIC STATISTICS This chartbook compares Australia to other OECD countries
- 3. INCOME: Australia’s GDP per capita is above the OECD average Australia • GDP per capita: USD 44 393 OECD average • GDP per capita: USD 37 235
- 4. POPULATION DEMOGRAPHICS: Australia has less elderly people and more youth than the OECD average Australia • 14.4% are over 65 years old • 18.9% are under 15 years old OECD average • 15.6% are over 65 years old • 18.2% are under 15 years old
- 5. LENGTH OF LIFE: Life expectancy in Australia is high compared to the OECD average Australia • Life expectancy: 82.1 years-old OECD average • Life expectancy: 80.2 years- old
- 6. INEQUALITY: Australia has slightly higher inequality (as measured by the Gini index) than the OECD average Australia • 0.32 OECD average • 0.31
- 7. WOMEN IN GOVERNMENT: In Australia, women represent a slightly higher share of parliament than in most OECD countries Australia • 30% of women in Parliament OECD average • 27% of women in Parliament
- 8. OUTPUT GROWTH AND THE BUSINESS CYCLE
- 9. OUTPUT GROWTH BEFORE THE GFC: Australia was above the OECD average Australia • 3.68% OECD average • 2.73%
- 10. OUTPUT GROWTH SINCE THE GFC: Australia has remained above the OECD average Australia • 2.48% OECD average • 0.84%
- 11. PROJECTED OUTPUT GROWTH : Australia is projected to remain above the OECD average OECD average • 2.43% Australia • 2.72%
- 12. THE OUTPUT GAP : Australia’s output is slightly below potential Australia • -0.77% OECD average • -2.31%
- 14. INFLATION : Consumer prices in Australia have been rising faster than in most OECD countries Australia • 3.01%
- 15. SHORT-TERM INTEREST RATES: Australia’s rates are above the OECD average OECD average • 0.99% Australia • 2.69%
- 16. LONG-TERM INTEREST RATES: Australia’s rates are above than in most OECD countries Australia • 3.84%
- 17. FISCAL BALANCES
- 18. NET DEBT: Australia’s general-government net financial debt is lower than the OECD average (as % of GDP) Australia • 0.3% of GDP OECD average • 69.9% of GDP
- 19. GROSS DEBT: Australia’s general-government gross financial debt is lower than in most OECD countries (as % of GDP) Australia • 33.06% of GDP
- 20. FISCAL BALANCE : Australia’s general-government deficit is below the OECD average (as % of GDP) OECD average • -5.69% Australia • -1.10% of GDP
- 22. R&D: Australia spends below the OECD average on research and development (as % of GDP) Australia • 2.2% of GDP OECD average • 2.4% of GDP
- 23. PRODUCT MARKET REGULATION: Australia’s regulation is comparatively light Australia • 1.29% of GDP
- 24. LABOUR MARKET
- 25. HOURS WORKED: those holding a job in Australia work less hours per year than the OECD average Australia • 1 676 hours per year OECD average • 1 771 hours per year
- 26. EMPLOYMENT: Australia’s employment rates for women and men are above the OECD average. Australia • Women: 66.4% • Men: 77.6% OECD average • Women: 57.4% • Men: 73.1%
- 27. UNEMPLOYMENT: Australia has a lower unemployment rate than the OECD average Australia • 5.7% OECD average • 7.8%
- 28. UNEMPLOYMENT: Australia has a lower youth unemployment rate than the OECD average Australia • 12.2% OECD average • 16.1%
- 30. EDUCATION: the Australian PISA scores are above the OECD average Australia • Reading: 512 • Math: 504 • Science: 521 OECD average • Reading: 496 • Math: 494 • Science: 501
- 31. EDUCATION: Australia spends above the OECD average on education (as % of GDP) Australia • 4.1% of GDP OECD average • 3.9% of GDP
- 32. HEALTH CARE: Australia spends slightly less on health care than the OECD average Australia • 9.1% of GDP OECD average • 9.2% of GDP
- 33. PENSIONS: Australia spends less than the OECD average on pensions (as % of GDP) Australia • 5.7% of GDP OECD average • 8.7% of GDP
- 34. ENVIRONMENT
- 35. ENVIRONMENT: Australia’s CO2 emissions per capita from fossil fuel combustion are higher than in most OECD countries Australia • 18 tonnes of CO2 OECD average • 11 tonnes of CO2
- 36. List of country abbreviations JPN Japan KOR Korea LUX Luxembourg MEX Mexico NLD Netherlands NZL New Zealand NOR Norway POL Poland PRT Portugal SVK Slovak Republic SVN Slovenia ESP Spain SWE Sweden CHE Switzerland TUR Turkey GBR United Kingdom USA United States OECD OECD average AUS Australia AUT Austria BEL Belgium CAN Canada CHL Chile CZE Czech Republic DNK Denmark EST Estonia FIN Finland FRA France DEU Germany GRC Greece HUN Hungary ISL Iceland IRL Ireland ISR Israel ITA Italy JPN Japan
- 37. More Information… Compare your country data visualization tool OECD Economic Surveys: United States 2014 • Read this publication • Website with additional information www.oecd.org/eco/surveys/economic-survey-australia.htm OECD OECD Economics Disclaimers: The statistical data for Israel are supplied by and under the responsibility of the relevant Israeli authorities. The use of such data by the OECD is without prejudice to the status of the Golan Heights, East Jerusalem and Israeli settlements in the West Bank under the terms of international law. This document and any map included herein are without prejudice to the status of or sovereignty over any territory, to the delimitation of international frontiers and boundaries and to the name of any territory, city or area.