Australia

Australia boasts an exceptionally high GDP per capita ($65,058.38), placing it among the wealthiest nations globally. This indicates high productivity and standard of living, but is contrasted by a significant inflation rate (5.597%) which challenges purchasing power.

Despite facing high inflation (5.597%) and moderate GDP growth (3.584%), Australia maintains a remarkably low unemployment rate of 3.668%. This suggests a tight labor market and strong domestic demand, potentially contributing to persistent inflationary pressures.

Australia’s fertility rate stands at a very low 1.50, significantly below the replacement level of 2.1. Combined with a high life expectancy (83.05 years), this demographic profile indicates an accelerating aging population trend, increasing future strain on social services and requiring sustained migration to maintain workforce size.

Although Australia is the sixth-largest country by area (7.69 million sq km), 87.487% of its population resides in urban areas. This extreme concentration highlights the vast, largely uninhabited nature of the interior and the dependence on coastal metropolitan centers for economic activity and population density.