write a short note on the economic activities of Australia
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Its GDP was estimated at A$1.3 trillion as of 2020. The Australian economy is dominated by its service sector, comprising 62.7% of the GDP and employing 78.8% of the labour force in 2017. Australia has the tenth-highest total estimated value of natural resources, valued at US$19.9 trillion in 2019.
GDP by sector: Services: 62.7%; Construction: 7.4%; Mining: 5.8%; Manufacturing: 5...
GDP growth: : 2.7% (2018) 1.8% (2019); −6.7% (2020e) 6.1% (2021e);
Labour force by occupation: : Services: 78.8%; Construction: 9.2%; Manufacturing: 7....
GDP rank: 13th (nominal, 2020); 18th (PPP, 2020)
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