Australia’s doing quite good, thank you.

We have a habit of complaining about the condition of the economy. It’s ingrained into our consciousness, so much so that we don’t even question the reality. Australia, according to most reports and studies, is one of the most stable, richest economies in the world. The average Australian was found to be one of the richest in the entire world, with less than 10% of the country’s population living under $10,000 a year (far, far below the global average of 70%).

Australian economy

In the past 30 years, the country has experienced a steady level of development as well. On an average, the country has experienced 3.3% of annual growth, which is no mean feat. Hardly any countries in the world have been able to experience such a peaceful economic growth. This growth has been so steady that there are a number of youth in the country that have never experienced an economic depression in their lifetime.

The country has been lucky enough to be situated in the fringe of global economic battles in this century, which has given it a unique stability one can not find in other situations. The country has a few problems, sure, but things are not as bad as they could have been, and that is worth celebrating.

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