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SWOT Analysis of Australia
Today Australia is considered to have a very well prospering and stably growing economy. But even being a strong and independent player, as any country on the international scene, it has got its own weaknesses and challenges. The given below SWOT Analysis shows Australia’s Strengths, Weaknesses, Opportunities and Threats.
Strengths:
* Today Australia is one of the best thriving amongst the world economies with a strong GDP indicator which has been growing over the last twenty years (!). It continues to grow strongly based on sound macroeconomic policies and improving in international competiveness. The primary strength of the Australian economy is the segment of business service and finance (20.7% GDP). In this condition, it is very attractive to new business in search for financing, capital and starting-up. The clear size of this segment allows for the greatest range and multiplicity of services * Other positive traditional indicators of economic performance: budget surplus since 2002, low inflation, rising household income, low unemployment rate (decreasing 3.3% over last ten years), and consistent rise in labor productivity, * The country has got a strongly performing mineral sector. It’s a major exporter of minerals, metals, and fossil fuels (up to 75% of its export) and agricultural products as well * Excellent domestic and international transportation services. There are almost 420 airports, numerous ports for ships, 38,550 km railroad tracks and 913,000 km worth roads throughout the country * There are also numerous pipeline systems to transport crude oil (2500 km) or natural gas (5600 km), * Strong emphasis on reforms which are designed to strengthen the resilience of the Australian economy, * Australian ability to withstand the external and internal events which can shake the country’s strong

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