Friday, December 18, 2015

blog post 4

Economy of Australia


Agricultural production in Australia includes cattle, wheat, dairy, fruits/vegetables, and nuts. The mainly produce lamb meet and wool.

Source: go.grolier.com

The main extraction industry in Australia is mining, which include coal, iron, ore, and gold. They also extract natural gas and uranium.


The service sector in Australia makes up around 70% of GDP, a few of the main service industries in Australia include retail, construction, transportation, and health.

Source: austroindo.wordpress.com
The manufacturing sector in Australia is relatively small, and consists of textiles, motor vehicles, and chemicals.

The primary exports from australia include coal, iron, ore, gold, meat, wool, alumina, wheat, machinery, and transportation equipment, while their primary imports include machinery, transportation equipment, computers, telecommunications equipment, crude oil, and petroleum.
During early development the agricultural and manufacturing sectors were the most important to Australia's economy. While they are still prevalent, the service sector has become the largest industry as Australia has become a developed country.

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