Australia's Economy
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Australia's Economy
Australia is a Developed country, highly developed country with a mixed-market economy. As of 2022, Australia was the List of countries by GDP (nominal), 14th-largest national economy by nominal GDP (Gross Domestic Product), the 20th-largest by Purchasing power parity, PPP-adjusted GDP, and was the 22nd-largest goods exporter and 24th-largest goods importer. Australia took the record for the longest run of uninterrupted GDP growth in the developed world with the March 2017 financial quarter. It was the 103rd quarter and the 26th year since the country had a technical recession (two consecutive quarters of negative growth). As of June 2021, the country's GDP was estimated at 1.98 trillion. The Australian economy is dominated by its service sector, which in 2017 comprised 62.7% of the GDP and employed 78.8% of the labour force. At the height of the mining boom in 2009–10, the total value-added of the mining industry was 8.4% of GDP. Despite the recent decline in the mini ...
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Sydney Central Business District
The Sydney central business district (CBD) is the historical and main Central business district, commercial centre of Sydney. The CBD is Sydney's city centre, or Sydney City, and the two terms are used interchangeably. Colloquially, the CBD or city centre is often referred to simply as "Town" or "the City". The Sydney city centre extends southwards for about from Sydney Cove, the point of first European settlement in which the Regions of Sydney, Sydney region was initially established. Due to its pivotal role in Australia's early history, it is one of the oldest established areas in the country. Geographically, its north–south axis runs from Circular Quay in the north to Central railway station, Sydney, Central railway station in the south. Its east–west axis runs from a chain of parkland that includes Hyde Park, Sydney, Hyde Park, The Domain, Sydney, The Domain, Royal Botanic Gardens, Sydney, Royal Botanic Gardens and Farm Cove, New South Wales, Farm Cove on Port Jackson, S ...
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