Economic growth has been resilient, exports and investment will support the economy and wage growth and price inflation will gradually pick up
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The tax-to-GDP ratio in Australia decreased by 0.1 percentage points from 27.9% in 2015 to 27.8% in 2016.* The corresponding figures for the OECD average were an increase of 0.3 percentage points from 33.7% to 34.0% over the same period.
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The digital revolution, globalisation and demographic changes are transforming labour markets at a time when policy makers are also struggling with slow productivity and wage growth and high levels of income inequality. The new OECD Jobs Strategy provides a comprehensive framework and policy recommendations to help countries address these challenges
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Resistance proportions for eight antibiotic-bacterium pairs in Australia have increased in recent years, from 7% in 2005 to 10% in 2015, and could go up to 12% by 2030, should current trends in antibiotic consumption, population and economic growth continue into the future. Resistance proportions in Australia were lower than the OECD average in 2015 (17%).
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These graphs offer a brief summary of the commodity trade situation in the country.