Australia is home to a high-skill, high-talent workforce. This makes us one of the most innovativeInnovation is the practical implementation of ideas that result in the introduction of new goods or services or improvement in offering goods or services. ISO TC 279 in the standard ISO 56000:2020 defines innovation as "a new or changed entity realizing or redistributing value".https://en.wikipedia.org › wiki › Innovation
Australia has world-class quantum research capabilities, ranked in the top five countries overall, and a rapidly emerging quantum technology industry underpinned by the expertise and IP developed in its research institutions.
In terms of natural resources, minerals, and land, Australia is a hugely wealthy country. Kangaroo country is also home to some of the world's most valuable industrial minerals, including diamonds, iron, gold, silver, lead, uranium, and zinc.
Top of the crucial drawbacks of studying in Australia is its luxurious and thus, expensive lifestyle. Australia is one of the most high-priced countries all over the world. A learner has to consume a large amount of capital on tuition fees, aviation tickets, lodging or accommodation rent, and much more.
Australia scored highly in the United Nations' 2022 World Happiness Report, ranking as the 12th happiest country out of 156 countries – ahead of Canada (15th), the United States (16th) and the United Kingdom (17th).
Australia has strong competitive advantages in its skills, research base, political and legal institutions and high standards of living. Since 1992, the growth of the Australian economy has continued to outpace every other major developed economy.
Australia is considered a wealthy nation with a market-based economy that has a comparatively high gross domestic product and per capita income. Its economy is driven by the service sector and the export of commodities.
According to the United Nations, Australia is the second-best country in the world to live, due to its excellent quality of life index. The UN establishes a qualification, also known as the Human Development Index, based on an annual survey of social progress and economic indexes of the 187 countries.
According to the Human Development Index, Niger is the least developed country in the world with an HDI of . 354. Niger is afflicted with widespread malnutrition and 44.1% of its people live below the poverty line.
Countries known for the most inventions include The United States, Japan, South Korea, German, and Taiwan.
The United States was the richest developed country on Earth in 2021, with a total GDP of $23 trillion. China was the richest developing country on Earth in 2021 with a total GDP of $17.73 trillion.
This definition includes Australia & New Zealand, the developed countries of Asia (South Korea, Japan, Singapore, and Taiwan), and the wealthy countries of North America and Europe, particularly Western Europe.
Unlike most wealthy countries, Australia's economy lacks both diversification and sophistication. Australia's primary exports are in low complexity categories such as mining and agriculture.
Australia has been ranked 39 out of 41 high and middle-income countries in achieving quality education, according to the United Nations Children's Fund (UNICEF).
Varied landscapes
As well as the beautiful beaches, Australia is also home to snowy mountains, incredible national parks, rainforests and desert. The landscape truly differs from state to state, which is why this country is so fun to explore.
Australia performs well in many dimensions of well-being relative to other countries in the Better Life Index. Australia outperforms the average in income, jobs, education, health, environmental quality, social connections, civic engagement and life satisfaction. These assessments are based on available selected data.
Australia has some of the highest living standards globally, and the living expenses and tuition fees in Australia are lower than in the United States. Moreover, when it comes to safety, the crime rate is much lower in Australia than in the USA.
The seven best places to live in Australia are: Adelaide, Brisbane, Canberra, Hobart, Melbourne, Perth and Sydney. We've worked out which place is best depending on what you care about most, from culture and climate to job opportunities.