The Economy of Australia

Australia is a prosperous nation due to its mining and agriculture industries.

Australia's exports gold, copper, silver, coal, uranium, natural gas and petroleum.

Australia is the biggest producer of precious stones, such as diamonds and opals.

Regions of the east, southeast, and southwest coast of Australia are farm lands producing wheat, barley, oats, cotton, rice, fruit and sugarcane.

These areas are also pasture land for a large number of sheep and other cattle.

Tourism is also an important source of revenues for Australia.