Australian dollar (AUD)
Facts about Australia
Australia, officially the Commonwealth of Australia, is a country in the Southern Hemisphere comprising the mainland of the Australian continent, the island of Tasmania and numerous smaller islands in the Indian and Pacific Oceans. Neighbouring countries include Indonesia, East Timor and Papua New Guinea to the north, the Solomon Islands, Vanuatu and New Caledonia to the northeast and New Zealand to the southeast.
For at least 40,000 years before European settlement in the late 18th century, Australia was inhabited by indigenous Australians, who belonged to one or more of roughly 250 language groups. After discovery by Dutch explorers in 1606, Australia's eastern half was claimed by Britain in 1770 and initially settled through penal transportation to the colony of New South Wales, where formal possession of the land had been taken on 26 January 1788. The population grew steadily in subsequent decades; the continent was explored and an additional five self-governing Crown Colonies were established.
On 1 January 1901, the six colonies became a federation and the Commonwealth of Australia was formed. Since Federation, Australia has maintained a stable liberal democratic political system and is a Commonwealth realm. The population is approximately 22.6 million, with approximately 60 per cent concentrated in and around the mainland state capitals of Sydney, Melbourne, Brisbane, Perth and Adelaide. The nation's capital city is Canberra, in the Australian Capital Territory. Approximately 57 per cent of Australia's population live in either Victoria or New South Wales, and approximately 79 per cent live in the eastern states of Australia.
A developed country, Australia is the world's thirteenth largest economy and it holds a position 16 in Global Competitiveness Index 2010–2011 rankings made by World Economic Forum. Australia ranks highly in many international comparisons of national performance such as human development, quality of life, health care, life expectancy, public education, economic freedom and the protection of civil liberties and political rights. Australia is a member of the United Nations, G20, Commonwealth of Nations, ANZUS, OECD, APEC, Pacific Islands Forum and the World Trade Organization. Australia is the only country outside Europe in the top ten of the quality-of-life index.