General information: molly, Jar and December Capital: Canberra Land area: Head of State: 7,682,300 sq km Official language: English HM Queen Elizabeth II, represented by the Population: 24.8 million Governor-General HE General the Honourable (Dec 2017) Currency: Australian dollar Sir Peter Cosgrove AK MC (Retd) Head of Government: Prime Minister The Hon Scott Morrison Recent economic indicators: 2013 2014 2015 2016 GDP (US$b) (current prices): 2017(a) 201876J 1,516.1 1,454.8 GDP per capita (US$): 1,233.5 1,266.0 1,379.6 65,075.3 1,427.8 61,538.3 51,428.6 GDP PPP (Int'l $b) (c]: 51,920.5 55,692.9 56,698. 1 1,066.7 1,115.3 1,155.2 GDP per capita PPP (Int'l $) (c): 1,198 3 1,248.2 1,318.6 45,785.0 47,178 8 48,166.0 49,145 4 Real GDP growth (% change yoy): 50,390.9 52,363.0 2.2 2.5 2.5 2.6 2.2 Current account balance (US$b): 3.2 -51.4 -45.3 -57.8 41.2 36.2 -39.5 Current account balance (% GDP]: -3.4 -3.1 4.7 -33 -2.6 -28 Inflation (%% change yoy): 2.7 1.7 1.7 1.5 1.9 2.2 Unemployment (% labour force) 5.7 6.1 6.1 5.7 5.6 5.3 Australia's merchandise trade Real GDP growth Australia's merchandise exports 5014 ETM Australia's trade and investment relationships (d):Primary STM ETM Australia's trade and investment relationships (d): Major Australian merchandise exports, 2017-18 (A$m)(e): Iron ores & concentrates Major Australian merchandise imports, 2017-18 (A$m)(e): Coal 61,357 Passenger motor vehicles 23,299 Natural gas 60,376 Refined petroleum 30,907 21,655 Gold Ships, boats & floating structures 14,897 19,293 Aluminium ores & conc (incl alumina) Telecom equipment & parts 13,412 9.448 Crude petroleum 11,738 Australian merchandise trade, 2017-18: Exports (ASm]: 315,193 Imports (ASm): 302,372 Total trade (exports + imports) (A$m): 617,565 Merchandise trade surplus (A$m): 12,821 Australia's main merchandise export destinations, 2017-18 (e): Australia's main merchandise import sources, 2017-18 (e]: China 33.7% China 22.5%% Japan 15.6% United States (f) 10.5% Republic of Korea 6.8% Republic of Korea (g) 9.2% India 5.29% Japan 7.4% United States 3.9% Thailand 5.0% Australia's trade In services, 2017-18: Exports of services (A$m): 88,048 Imports of services (ASm]: 93,028 Services trade deficit (ASm]: 4,960 Australia's investment links, as at 31 Dec 2017: Level of Australian investment abroad (ASm): 2,280,237 Level of foreign investment in Australia (ASm]: 3,266,431