Japan & APEC Member Economies

AUSTRALIA

Commonwealth of Australia



GENERAL

Area:
7,682,300 km2.

Population:
17,660,000 (June 1993, estimated).

Capital:
Canberra.

Ethnic composition:
Predominantly British and other Europeans.

Major languages:
English.

Major religions:
Christianity, 74% (Roman Catholic, 27%; Church of England, 24%) (1991 national census).

History:
Captain James Cook arrived in 1770 and claimed the land for Britain. A colony was established in 1788 near present-day Sydney by an expedition led by Captain Arthur Phillip of the British navy, and he was appointed the first governor. With the promulgation of a constitution by six British colonies in 1901, the Commonwealth of Australia was created as a federation. (Present-day Australia consists of six states and two territories.)

GOVERNMENT

Type:
Constitutional monarchy.

Head of state:
Queen Elizabeth II.

Legislature:
The bicameral Federal Parliament encompasses a Senate and a House of Representatives. The Senate consists of 76 members elected to six-year terms, the House of Representatives 147 members elected to three-year terms. Both houses are subject to dissolution.

Executive:
Paul J. Keating (Australian Labor Party) is prime minister. The foreign minister is Gareth Evans (Australian Labor Party).

Military:
Defense budget, A$9,673 million (8.0% of the national budget, 2.1% of GDP: fiscal 1994/95 budget); regular armed forces (volunteer) consist of 26,347 members of the army, 14,776 members of the navy, and 17,807 members of the air force on active duty (June 1994).

ECONOMY

Major industries:
Coal, iron ore, other mining industries; agriculture.

Nominal GNP:
$310.0 billion (1993).

Per capita GNP:
$17,510 (1993).

Real growth rate:
3.9% (fiscal 1993/94).

Inflation:
1.7% (fiscal 1993/94).

Unemployment:
10.0% (fiscal 1993/94).

Trade:
Exports: A$63.9 billion; imports: A$64.4 billion (fiscal 1993/94).

Principal items traded:
Exports: coal (11%), gold (8%), beef (6%), natural fibers (6%); imports: automobiles (11%), office equipment (8%), industrial machinery (6%), oil and related products (5%) (fiscal 1993/94).

Principal trading partners:
Exports: Japan (25%), United States (8%), Republic of Korea (7%); imports: United States (22%), Japan (18%), Britain (6%) (fiscal 1993/94).

Currency:
Australian dollar. A$1=US$0.75=63.27 yen (Apr. 21, 1995).

BILATERAL RELATIONS

Trade:
Exports to Japan: $12,218 million, featuring coal (26%), iron ore (10%), beef (8%); imports from Japan: $7,694 million, featuring automobiles (23%), electric machinery (14%), office equipment (6%) (1993).

Investment:
In the fiscal 1951-93 period cumulative Japanese direct investment in Australia came to $22,667 million, the third-highest amount received by any country.

Cultural:
Japan and Australia have been engaging in the exchange of researchers, teachers, students, artists, athletes, and others, as well as exchanging exhibitions and performances. These activities, supported by a cultural agreement that came into force in 1976, are led on the Japanese side by the Japan Foundation and on the Australian side by the Australia-Japan Foundation. On December 1, 1980, the two countries inaugurated a system of working-holiday visas. Five Australian states and 64 cities have sister relationships with counterparts in Japan (July 1994).

Japanese residing in Australia:
21,452 (Oct. 1994).

Australians residing in Japan:
6,489 (June 1994).

(April 1995)


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