What is The Economic Condition of Australia?
Australia is full of resources, from coal, to wool and even clothing and footwear. Since the mining industry makes up most of the Australian economy, it’s safe to say that most of its economic resources is comprised of coal, iron, copper, gold and much more minerals.
However, while the mining industry is booming, the contribution to manufacturing has dropped from 30% of GDP in the 1960s to 12% of GDP in the 2000’s. The Agricultural industry is doing fairly well, with the number of employees growing from 295,495 in February 2013 to 325,321 in February 2015.