Head of Government. (2) A position corresponding to the Prime Minister, a Minister, a Vice Minister, or equivalent.
Head of Government. Exchange rate: A$1 = NZ$ 1.0820 (Jun 2005) Prime Minister The Rt Hon Xxxxx Xxxxx MP Recent economic indicators: 2000 2001 2002 2003 2004(a) 2005(b) GDP (US$bn) (c): 51.5 51.3 59.2 78.3 97.0 108.7 GDP per capita (US$): 13,347 13,209 15,027 19,525 23,834 26,373 Real GDP growth (% change YOY) (c): 3.6 2.9 4.6 3.3 4.4 2.7 Current account balance (US$m): -2,462 -1,253 -2,235 -3,357 -6,184 -6,465 Current account balance (% GDP): -4.8 -2.4 -3.8 -4.3 -6.4 -6.0 Goods & services exports (% GDP): 34.8 35.9 33.4 29.7 29.3 28.5 Inflation (% change YOY): 2.6 2.6 2.7 1.8 2.3 2.8 Unemployment rate (%): 5.9 5.3 5.1 4.6 3.9 3.9 Australia's merchandise trade with New Zealand Real GDP growth Australia's merchandise exports to New Zealand A$m 10,000 8,000 Exports 6,000 4,000 Imports 2,000 FY00 FY01 FY02 FY03 FY04 FY05 % 5 4 3 2 1 0 2000 2001 2002 2003 2004 2005 A$m FY00 6,000 FY05 5,000 4,000 3,000 2,000 1,000 Primary STMs ETMs Other Australia's trade relationship with New Zealand: Major Australian exports, 2004-05 (A$m): Major Australian imports, 2004-05 (A$m): Refined petroleum 000 Xxxxx xxxxxxxxx 000 Crude petroleum 458 Paper & paperboard 267 Passenger motor vehicles 445 Wood, simply worked 237 Medicaments (incl. veterinary) 391 Non-monetary gold 235 Computers 358 Household type equipment 164 Australian merchandise trade with New Zealand, 2004-05: Total share: Rank: Growth (yoy): Exports to New Zealand (A$m): 9,151 7.2% 5th 13.1% Imports from New Zealand (A$m): 5,340 3.6% 8th 5.6% Total trade (exports + imports) (A$m): 14,491 5.2% 5th 10.2% Merchandise trade surplus with New Zealand (A$m): 3,812 Australia's trade in services with New Zealand, 2004-05: Total share: Exports of services to New Zealand (A$m): 2,655 7.3% Imports of services from New Zealand (A$m): 2,118 5.6% Services trade surplus with New Zealand (A$m): 537 New Zealand's global merchandise trade relationships: New Zealand's principal export destinations, 2004: New Zealand's principal import sources, 2004: 1 Australia 20.9% 1 Australia 22.7% 2 United States 14.4% 2 United States 11.3% 3 Japan 11.2% 3 Japan 10.9% 4 China 5.7% 4 China 9.7% 5 United Kingdom 4.7% 5 Germany 5.3% Compiled by the Market Information and Analysis Section, DFAT, using the latest data from the ABS, the IMF and various international sources.
Head of Government. Exchange rate: A$1 = S$ 1.1881 (Jun 2004) H.E. Prime Minister Xx Xxx Hsien Loong Recent economic indicators: 1999 2000 2001 2002 2003(a) 2004(b) GDP (US$bn): 82.4 92.6 86.0 88.3 91.3 98.4 GDP per capita (US$): 21,280 23,070 20,820 21,180 21,790 23,310 Real GDP growth (% change YOY): 6.8 9.7 -1.9 2.1 1.1 6.6 Current account balance (US$m): 15,184 13,280 16,137 18,704 26,352 22,036 Current account balance (% GDP): 18.4 14.3 18.8 21.2 28.8 22.4 Goods & services exports (% GDP): 169.4 193.0 189.3 189.5 206.4 218.4 Inflation (% change YOY): 0.0 1.3 1.0 -0.4 0.5 1.7 Unemployment rate (%): 3.5 3.0 3.3 4.3 4.8 4.2 Australia's trade relationship with Singapore: Major Australian exports, 2003-2004 (A$m): Major Australian imports, 2003-2004 (A$m): Crude petroleum 981 Refined petroleum 2,066 Non-monetary gold 303 Computers 505 Refined petroleum 173 Computer parts 251 Meat (excl. bovine) 118 Musical instruments 212 Milk and cream 99 Organo-inorganic compounds 156 Australia's trade with Singapore Real GDP growth Australia's exports to Singapore A$m 8,000 Exports 6,000 4,000 Imports 2,000 FY99 FY00 FY01 FY02 FY03 FY04 % 11 9 7 5 3 1 -1 -3 1999 2000 2001 2002 2003 2004 A$m FY99 2,000 FY04 1,000 Primary STMs ETMs Other Australian merchandise trade with Singapore, 2003-2004: Total share: Rank: Growth (yoy): Exports to Singapore (A$m): 3,056 2.8% 9th -34.4% Imports from Singapore (A$m): 5,107 3.9% 6th 16.9% Total trade (exports + imports) (A$m): 8,163 3.4% 8th -9.6% Merchandise trade deficit with Singapore (A$m): 2,051 Australia's trade in services with Singapore, 2003-2004: Total share: Exports of services to Singapore (A$m): 2,204 6.5% Imports of services from Singapore (A$m): 2,585 7.5% Services trade deficit with Singapore (A$m): 381 Singapore's global trade relationships: Singapore's principal export destinations, 2003: Singapore's principal import sources, 2003: 1 Malaysia 15.8% 1 Malaysia 16.8% 0 Xxxxxx Xxxxxx 00.0% 0 Xxxxxx Xxxxxx 14.1% 3 Hong Kong 10.0% 3 Japan 12.0% 4 China 7.0% 4 China 8.7% 5 Japan 6.7% 5 Taiwan 5.1% 9 Australia 3.2% 14 Australia 1.7%
