Australia has a prosperous and mixed economy in western-style with a per capita GDP in excess of many urbanized countries like, UK, Germany, and France. It is ranked third in the United Nations in 2007 and sixth in The Economist in 2005. By the end of March 2008, the GDP per capita of Australia was about $824.9 Billion (CIA World Factbook). The inflation rate was 4.7% per annum and 4.5% of unemployment rate in 2008. Service sector constitutes 69% of GDP, whereas agriculture and natural resources constitute 3% and 5% of GDP respectively. These statistical facts advocate that there is excellent scope for career formation in every sector.
Australia has trade exports of coal, iron ore, non-monetary gold, crude petroleum and bovine meat to China, Japan, South Korea, which has amounted $178.9 Billion in 2008. It imports passenger motor vehicles, computers, medicaments and telecommunication equipments from China, US, Japan, Singapore and Germany, which has amounted to $187.2 Billion.