Australia Economy Social Indicators
Australia Economy Grew 1.2 Percentage than the last year. Australia Economy is ranked 3rd in 177 countries of the world in terms of human development index.
Australia is ranked 52nd in the world in terms of population with 20.11 million people residing there in mid 2004.
According to data obtained from Australian Bureau of Statistics, the national growth rate during the 12 months ended June 2004 was 1.2%. This was similar to the growth rate of the world's population (1.1%) but higher than high-income countries' growth of 0.6 %.
The growth of Australia's population has two components; natural increase (the number of births minus the number of deaths) and net overseas migration (net permanent and long-term movement plus the migration adjustment). For the year ended June 2004, natural increase was 121,000 persons, an increase of 5,900 persons (5.1%) on the number recorded in the year ended June 2003 (115,200). The number of births registered in the year ended June 2004 (254,600) increased by 2.9% when compared with the previous 12 months (247,400). The number of deaths increased by 1.1% over the same period from 132,200 in 2003 to 133,600 in 2004.Net overseas migration was 117,600 persons in the year ended June 2004; an increase of 1.0% from the number recorded in the year ended June 2003 (116,500) Australia has the lowest population density
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of 2 persons per sq km (5.2 persons per square mile). Australia's largest city, Sydney with a population of approximately 4.4 million has one of the lowest population densities of any major world city. Almost 92% of the people live in urban areas and enjoy high life expectancy at birth of 79 years, according to (1997-2003) World Bank figures.
The UNDP 2004 report shows that 14.3% of Australian population lives below income poverty line (50% of median household income). All the people is Australia enjoy access to an improved water source. Gross primary enrollment, which denotes the percent of school-age population, is 102%, with both male and female enrolled equitably. Literacy rate is 99%. Maintaining a decent standard of living, health and education for its people, Australia is ranked 3rd in 177 countries of the world in terms of human development index.
The Australian economy has an edge over other rich countries as indicated by its labour
force growth rate of 1.2% (1997-03), while other high-income countries' workforce has grown at 0.7% during these years. Another commendable feature is the reduction in the unemployment rate, which has been brought down to half of its previous level in the 10 years; 5.5 % in 2004 from over 10 % in 1992.
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