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China is actually Australian continent's premier exchange companion, bookkeeping to possess roughly 40% of the country's exports and you will 17.6% of the imports. Australian government financial obligation, from the $963 billion in the June 2022, is higher than 45.1% of the country's total GDP, and that is the country's 8th-highest. It will be the globe's 12th biggest from the nominal words, plus the twenty-third prominent by the PPP. Australian continent provides essentially good protections to have municipal and you can political liberties, as well as the nation has signed up to help you a wide range of international liberties treaties. Within the 2022, defence spending try 1.9% from GDP, representing the nation's 13th-biggest defence finances.
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