A Simple Chart That Explains Australia’s Economic Journey Since 1966
Australia’s economy since 1966 explained in one simple chart
March 25, 2025
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Australia’s economy has seen significant changes since 1966, marked by periods of robust growth, economic reforms, and external shocks. A simple chart likely illustrates key trends such as GDP growth, employment rates, and inflation.
From the late 1960s to the early 2000s, Australia experienced a long period of economic expansion fueled by mining and exports. The early 1980s and early 1990s brought recession, leading to reforms that opened the economy and improved competitiveness. The mid-2000s to early 2020s saw a commodities boom, particularly due to demand from China, which bolstered growth further.
Overall, Australia’s economy has navigated various challenges while maintaining a relatively low unemployment rate and stable inflation. The chart effectively captures these trends and highlights the resilience of the Australian economy. What specific aspects of the chart stood out to you?