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Well, when planning a vacation to Australia, bear in mind that, it isnt a small distance to cover during your trip though. The convention established freedom-of-navigation rights and set territorial sea boundaries 12 miles (19 km) offshore with exclusive economic zones up to 200 miles (322 km) offshore, extending a countrys influence over maritime resources. The sanctions net around Russia is tightening but there is scope to Source: Wikipedia, 2023; UNData, 2023. Australia is soon to be a colony of China due to the peoples unwillingness to fight the forces of evil. In Russia, the top tax rate is 13.0% as of 2016. make 45.6% less money Australia has a GDP per capita of $48,700 as of 2020, while in Russia, the GDP per capita is $26,500 as of 2020. Its GDP crossed the $5 trillion mark in 2018. Visualizing the Flow of Energy-Related CO2 Emissions in the U.S. The GDP per capita is calculated by dividing the total GDP by the number of people living in the country. Big cities attract companies and business investment, and are usually important cultural centers and research hubs. Public spending on education includes direct expenditure on schools, universities, and other types of educational institutions, as well as educational-related public subsidies. The death rate, also called crude death rate, represents the number of annual deaths per 1,000 people at midyear. The first demographic growth in the Russian Federation since the fall of the Soviet Union was shown in 2012. Economics Defined with Types, Indicators, and Systems, Economy: What It Is, Types of Economies, Economic Indicators. Timeline: Cannabis Legislation in the U.S. Visualizing the Relationship Between Cancer and Lifespan, Global EV Production: BYD Surpasses Tesla. Australia is the planet's sixth largest country after Russia, Canada, China, the USA, and Brazil. Currently, the worlds population is growing at a rate of approximately 1.07% per year. GDP Growth (Annual %) China., The World Bank. ", Central Intelligence Agency, The World Factbook. Japan has also struggled with a rapidly aging population. The percentage of female residents, according to the city's official statistics. If youd like to retain your premium access and save 20%, you can opt to pay annually at the end of the trial. Winter precipitation is always in the form of snow. Switzerland has a large service sector, including financial services, and a high-tech manufacturing sector served by a highly skilled labor force. GDP Per Capita (Current US$) Netherlands., Central Intelligence Agency, The World Factbook. GDP Growth (Annual %) United States., The World Bank. These bits of plastic waste are carried into our drains, streams, and rivers by wind and rainwater runoff. "Germany: Economy. How Does U.S. Electricity Generation Change Over One Week? Gross domestic product (GDP) is an estimate of the total value of finished goods and services produced within a countrys borders during a specified period, usually a year. Source: Wikipedia, 2023. For example, China generates 10 times the plastic waste that Malaysia does. "Local Content Policies In Minerals-Exporting Countries: Central Intelligence Agency, The World Factbook. The real GDP growth rate represents the year-over-year GDP growth, calculated by taking into account the price fluctuations caused by inflation. The total length of the border between the land area and the sea, including the countrys islands. A hypothetical military alliance between China and Russia. GDP Growth (Annual %) Ireland., The World Bank. ", The World Bank. Meanwhile, the population of Australia is ~26.1 million people (115.9 million more people live in Russia). The total amount of public expenditure on education. School life expectancy (SLE) represents the number of years of schooling that children are expected to complete.