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In the most up-to-date WIPO-supported study published in 2017, [169] the copyright industries contributed $122.8 billion to the Australian economy in 2016 amounting to 7.4% of Australia's total economic output. The 2016 figure represented an increase of $8.5 billion compared to 2011, with a growth in value added growing at 1.4% per annum (since ...
Climate change also has diverse implications for Australia's economy, it's agriculture and public health. [27] Projected impacts include more severe floods, droughts, and cyclones. [28] Furthermore, Australia's population is highly concentrated in coastal areas at risk from rising sea levels, and existing pressures on water supply will be ...
Heatwaves, or consecutive days of extreme temperatures, are also prominent in Australia. They are the deadliest natural disasters in Australia, accounting for more deaths than bushfires, cyclones, earthquakes, floods and severe storms combined. [25] Extreme temperatures are defined as days where the peak temperature is greater than 35 degrees.
In Western Australia the Argyle diamond mine in the Kimberley is the world's biggest producer of natural diamonds and contributes approximately one-third of the world's natural supply. The Pilbara region's economy is dominated by mining and petroleum industries. [53] Most of Australia's iron ore is also mined in the Pilbara and it also has one ...
Australia's high-income mixed-market economy is rich in natural resources. [320] It is the world's fourteenth-largest by nominal terms, and the 18th-largest by PPP. As of 2021, it has the second-highest amount of wealth per adult, after Luxembourg, [321] and has the thirteenth-highest financial assets per capita. [322]
Climate change also has diverse implications for Australia's economy, it's agriculture and public health. [9] Projected impacts include more severe floods, droughts, and cyclones. [10] Furthermore, Australia's population is highly concentrated in coastal areas at risk from rising sea levels, and existing pressures on water supply will
Australia is the 10th most coal-dependent country in the world. [3] Coal and natural gas, along with oil-based products, are currently the primary sources of Australian energy usage and the coal industry produces over 30% of Australia's total greenhouse gas emissions. [4]
Australia is the only First World country on the Australia-New Guinea continent, although the economy of Australia is by far the largest and most dominant economy in the region and one of the largest in the world. Australia's per-capita GDP is higher than that of the United Kingdom, Canada, Germany, and France in terms of purchasing power ...