Australia and United Kingdom Economies: A Side-by-Side Table Comparison
In comparing Australia and the United Kingdom, key indicators reveal interesting contrasts: the UK has a population 2.58 times larger, while Australia boasts a land area 32 times greater. Australia’s GDP per capita exceeds the UK’s by 41%, yet its military budget is 43% smaller. Imports and exports also show distinct patterns, with Australia relying heavily on raw materials.
Australia’s HDI is 0.946 (very high), while the United Kingdom’s is 0.940 (very high). Australia’s score is 0.006 higher, indicating a slightly better human development overall.
China 29%, Japan 19%, South Korea 10%, India 7%, Taiwan 6%
US 13%, Netherlands 9%, Germany 9%, China 8%, Ireland 7%
Main export items
coal, iron ore, natural gas, gold, wheat
gold, cars, gas turbines, crude petroleum, packaged medicine
Australia’s imports are about a third of the UK’s, and Australia imports 46% less of its GDP compared to the UK. Australia’s exports are $447.51B, focusing on raw materials, while the UK’s $1.08T exports are more diverse and advanced.
Australia’s military expenditure is approximately 43% lower than the United Kingdom’s, with a budget of $32.34 billion compared to the UK’s $74.94 billion, while Australia allocates a smaller percentage of its GDP (1.90%) to defense compared to the UK’s 2.23%.
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