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#Australia has one of the prosperous mixed economies, constituting the first five developed countries of the world. It basically stands on the four major components of manufacturing, trade, services, and financing. Where the contribution of the manufacturing industry in Australia's total economy is around A$1.7 trillion (total GDP). It is the 10th nominal GDP per capita rank, as per IMF in 2018 and the 18th on a PPP basis. Per capita, a gross domestic product of Australia on the nominal basis is $58, 941 and $52, 191 on nominal and PPP respectively. #australianeconomy