Australia is one of the most developed and prosperous countries in the world economy, and its economic growth and stability have attracted much attention. Here's some data on the Australian economy:
GDP (gross domestic product): Australia's GDP in the first quarter of 2021 was A$1.63 trillion, an increase of 1.8% from the previous quarter and 1.1% from the same period last year.
Unemployment rate: Australia's unemployment rate was 5.6% in March 2021, down 0.2 percentage points from the previous month, but 0.2 percentage points higher than the same period last year.
Inflation rate: Australia's consumer price index (CPI) rose by 1.1% year-on-year in the first quarter of 2021, but fell slightly from the previous quarter.
Trade: Australia is an export-oriented economy, and its main exports include iron ore, coal, gold and natural gas. According to 2021 data, Australia's trade with China accounts for more than one-third of its total trade.
Interest rates: Australia's federal benchmark interest rate will remain at a record low level of 0.1% in 2021 to stimulate economic recovery and employment.
Investment: Australia has attracted a large amount of foreign direct investment, mainly from Asian countries. According to the Australian Trade and Investment Commission, Australia's stock of foreign direct investment in 2020 was 1.2 trillion Australian dollars, most of which came from the United States and the United Kingdom.
Budget deficit: The Australian government has run large deficits in both the 2020 and 2021 budgets in response to the economic fallout from the COVID-19 pandemic. The 2020 financial year deficit is $85.1 billion and the 2021 budget deficit is $106.7 billion.
Overall, the Australian economy has performed well, but has experienced some difficulties in the face of challenges such as the new crown epidemic. Governments and businesses are taking various measures to meet the challenges and ensure the long-term stability and prosperity of the economy.