Lewes, DE -- (SBWIRE) -- 11/29/2018 -- Australia's economic growth is expected to continue at a healthy pace, with a slight moderation in 2020 due to slowing global growth and capacity constraints. It's exports and investments will support this growth. Household consumption growth is expected to slow down, as households become less willing to draw down savings amid falling house prices and tightening financial conditions.

In World Bank's ease of doing business ranking Australia was ranked 18 out of 190 countries in 2018. Australia's ease of doing business ranking slipped from 14th position in 2017.

Australia, officially the Commonwealth of Australia, is a country comprising the mainland of the Australian continent, the island of Tasmania, and numerous smaller islands. It is the world's sixth-largest country by total area. Neighboring countries include Indonesia, East Timor and Papua New Guinea to the north, the Solomon Islands, Vanuatu and New Caledonia to the north-east, and New Zealand to the south-east.

Australia had estimated population of 24.281 million in the year 2016 and expected to reach 26.425 million by 2022.Australia's 11.93 million people were employed in 2016 and the unemployment rate was 5.733% of total labor force.

Australia's real gross domestic product (GDP) was around AUD 1677.47 billions in 2016 whereas the nominal GDP was AUD 1692.43 billions. This resulted in GDP deflator 100.892. Per capita GDP was estimated at USD51850.27 whereas purchasing power parity (PPP) based per capita GDP was estimated to be at USD 1187.32.

The output gap for Australia in 2016 was in negative at 1.561% of the potential GDP which indicates that Australian economy was underperforming by managing actual output.

In 2016, Australian government's revenue was AUD 586.179 billions whereas the expenditure was AUD 632.074 billions. This resulted in Australian government's net lending / borrowing negative at AUD 45.895 billion in 2016 indicating that enough financial resources were made available by the government to boost economic growth. The current account balance for Australia was estimated to be negative at AUD 33.199 billions for the year 2016 and is expected to decline at a CAGR of 0.37% and reach AUD 59.709 by 2022. This negative current accounts deficit indicates that Australia's net borrowing will increase in future.

The Australian government is projected to reach a budget surplus in 2019, giving sufficient room to support activity and protect the incomes of vulnerable groups in the event of an unexpected downturn.

Global commodity markets remain an important source of income gains and growth for Australia, but also of uncertainty and risk, particularly through exposure to any slowdown and re-balancing in China.

Scope of Australia – PESTLE Analysis and Macroeconomic Trends Report

- This report provides information about key macroeconomic trends for Australia.
- This report provides PESTLE (political, economic, social, technological, legal and environmental) analysis of Australia.

Spanning over 30 pages "Australia PESTLE Analysis & Macroeconomic Trends Market Research Report" report covers Executive Summary, Australia - Macroeconomic Trends, PESTLE Analysis of Australia.

Please visit this link for more details: https://www.marketresearchreports.com/market-research-reports-inc/australia-pestle-analysis-macroeconomic-trends-market-research-report

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