OECD Economic Survey of Australia: The Results
With 27 years of positive economic growth, Australia has demonstrated a remarkable capacity to sustain steady increases in material living standards and absorb economic shocks. During the global financial crisis, comparatively limited exposure, but also good economic management, saw output growth hold up well.
Also, the economy's adjustment in the wake of the commodity super-cycle has been reasonably smooth. This good macroeconomic performance has strengthened the country's standing in terms of GDP per capita.
Furthermore, scores are favourable on many other indicators of well-being. Australia scores particularly well in health status, ranking first among OECD countries with life expectancy of 82.5 years compared with an OECD average of 80.1 years and a high score in self-reported health.
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