Australia a vast and diverse country in the southern hemisphere is the sixth largest country in the world in terms of land area. It can also be called a natural wonder due to the plethora of stunning landscapes, unique wildlife, and multicultural society addressing the vast land area of the nation. The country has maritime borders with the Indian Ocean and the Pacific Ocean and has a mid-arid climate from tropical to temperate in the northern and southern regions contributing to the agricultural trade by increasing the land fertility. The country is heavily reliant for its economic growth on its service sector which is around 61% of its GDP.
Australia with its rapidly advancing industrial growth has been growing in an exponential manner for the past few days. The attributing factors accompanied by the better infrastructure and increased trade rate of the nation have recorded a GDP of 2.4 trillion US dollars in 2023 with an import trade value of 400 billion US dollars.