Australia Economic Indicators: Australia’s gross domestic product (GDP) grew by 3.1% in 2012. The Reserve Bank of Australia (RBA) expects the country’s GDP growth rate to be around 2.5% in 2013 and 2.5-3.5% in 2014. There were just over 302,000 HNWIs in Australia in 2012. These HNWIs collectively held US$899 billion in wealth.
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The Australian dollar depreciated against the US dollar by 14.2% during the review period, from AUS1.13/US$ at the end of 2007 to AUD0.97/US$ in 2012. Australia recorded relatively moderate GDP growth rates at 2.3% in 2010 and 1.9% in 2011. Growth improved in 2012 to 3.6%. Stocks in Australia recorded a positive performance during the year 2012. The S&P/ASX 200 tracks the performance of 200 large companies based in Australia. View more data or Buy full report
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