Australia: Mining Deep Into The Australian Economy

Australia is the 12th biggest economy in the world by GDP and it's among the list of countries with GDP-per-capita of over USD 50,000.
The video also discusses Australia and China economic indifferences and trade war, population and immigration, population density, urban population, cultural values and impact of consumer spending, research and development, ease of doing business, Australia's tradition food industry, government's debt to GDP ratio, Account deficit and surplus, Australian dollar, mean and median net wealth, super annuation.
Economy of United Kingdom: • Economy of United King...
Economy of Switzerland: • The Economy Of SWITZER...
The video also discusses the housing crisis in Australia, its reasons, urban population concentration, banking lending practices for houses, low interest rates and negative gearing.
The country, also known as the “Wonder Down Under” takes pride in witnessing the longest continuous GDP growth run. After 1991, the country didn’t see any recession for nearly 3 decades. The country with the long coastlines even surfed its way through the 2008 financial crisis without getting much affected. A whole generation in Australia didn’t even know what recession was until 2020.
For years, the continent-nation remained at a disadvantage for its remoteness from major trading markets like North America and Europe. But the late 20th century resulted in the rise of emerging markets in east and south Asia. It is said that “you are known by the company you keep” and the company and trade with countries China and Japan, along with the added power of globalization, made the Australian economy stronger than ever.
Estimated at nearly US $20 trillion, Australia has the tenth highest value of natural resources. While the presence of natural resources does not guarantee economic prosperity, and there are plenty of examples, Australia has managed to do very well with its natural resources and meeting the demands of the eastern emerging markets.
#Australia #Aussie #Australian
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[@georgebronte840]

This presentation should be titled "Here's what's wrong with Australia's economy and how not to talk when visiting Australia"

[@lejatzman96]

That was hard to listen to

[@tonybloomfield5635]

Failed to mention every major Australian city constantly appears on the worlds most livable cities list. Melbourne ranked No. 1 for seven consecutive years on Economist list.

[@alonglostmemory1908]

You know what ranken number 1 ? Australian iron ore !

[@ManpreetSingh-fm3pz]

A very simplified picture, however companies like Canva, Altassian, Octopus Deploy, showpo etc, are bringing in millions, also generally if a country have good universities, good lifestyle and governance it attracts best talent, and in today's world talented pool of people is a big asset.

[@u2blr]

But they paid like nothing comparing to Seattle, London and Singapore those 2 tiered IT cities. Really hard for them to attract top talents

[@laninhuang7987]

Love this series!! I've watched them all! Hope you could cover New Zealand and some Latin American countries' economy someday :)

[@amilton1015]

Great lesson again! Thank you so much.

[@agentprophet4722]

such an informative video , keep up the good work .

[@EconomicRaven]

Thank you 🙏

[@teekay3983]

I think the Australian economy is diverse but mining is an outlier with a concentrated large output that deviate the economic distribution position. Countries with big mining sector faced similar issue.

[@packofwolves5802]

Man, this channel is a gold mine. Could please make a video about the Egyptian economy? Thanks

[@EconomicRaven]

thank you. the Raven will fly over Egypt soon!

[@dp5012]

PLEASE CONTINUE THIS SERIE OF VIDEOS ❤️❤️❤️

[@EconomicRaven]

More coming soon!

[@tarekbeder]

Nice work. can you make a video about the economy of Netherland?

[@EconomicRaven]

the Raven will fly over Netherlands soon!

[@jambroseirshad4555]

Great explanation video

[@EconomicRaven]

Thank you 🙏

[@yehuiai8078]

great video. just one point on housing, non AU residents can only buy newly built dwelling. That is the mechanism the government has put in to manage affordability for locals, while still attracting capital to simulate construction led economic growth.

[@adim6755]

T.h.a.n.k.s f.o.r w.a.t.c.h.i.n.g. f.o.r m.o.r.e i.n.f.o o.r..g.u.i.d.a.n.c.e. W.H.A.T.S.A.P.P✅••• +1•2•1•3•5•8•7•4•0•8•0

[@spacejesus4541]

My thoughts are that china is dependant on Australian coal as seen when they refused 50 coal ships from australia and went into nation wide blackouts

[@adityabanerjee_1899]

Already love this.

[@adim6755]

T.h.a.n.k.s f.o.r w.a.t.c.h.i.n.g. f.o.r m.o.r.e i.n.f.o o.r..g.u.i.d.a.n.c.e. W.H.A.T.S.A.P.P✅•• +1•2•1•3•5•8•7•4•0•8•0

[@Kameeho]

I am a little surprised that you did not mention the hard turn Australia is currently doing to lessen their dependence on China. Example such as Vietnam buying 30% of the coal and Iron that would been otherwise sold to China. How Australia is assisting Vietnam in building up their steel manufacturing sector. And also the recent deal Australia made with Japan and 4 other Asian Pacific countries, (Vietnam, Thailand, New Zealand and Taiwan) on the new Cross-Border trade network that will give them a much faster, also more free trade between each other, akin to the EU model.

[@papabear90]

Vietnam, a country whose manufacturing output is at least 30x less than china's is buying a third of the coal China used to buy. Did they find new uses for coal. Its edible now?

[@AUniqueHandleName444]

@@papabear90 And yet they buy. :)

[@fatimamajed3533]

I believe that Australia does not have clear vision according to this video

[@samarthpandey683]

Good stuff, couldnt agree more that Australia needs to diversify its economy and balance it inline with geopolitics and increased focus on climate impact.

[@jacer1143]

Is your channel only about developed countries or might we see you analyzing some developing economies??

[@--enyo--]

We should have been investing in renewables decades ago.

[@gregorysagegreene]

Too bloody small.

[@jasonwhiteley3612]

We were but mainly in solar, NSW university has been one of the most successful research organisations on conventional solar cells

[@paulsz6194]

Liliana Bray will it’s not too late to put up some solar panels on your roof..

[@l.o.r.esci-fi4896]

wow this looks great can you make one about the Philippines?

[@EconomicRaven]

the Raven will fly over Philippines soon!

[@alonsogc2024]

Good information.

[@as7736]

Thanks

[@jaybajrangbali4525]

Love your videos broooooo

[@EconomicRaven]

Thank you 🙏

[@rjgc4409]

Informative. Witty. Direct. Illustrative. Clear.

[@EconomicRaven]

Thank you 🙏

[@shyamghosh1]

I believe Australia has done the right thing having a distance now from agressive and expansionist China. Australia can get many other countries like India, which is a big emerging economy now, South Africa, Brazil, Vietnam, Phillipines, Japan, etc. US should also help Australia in this respect. Apart from that, Australia has got lot of tourist attractions like the Great Barrier Reef, South pole, can have city like Las Vegas, and many more.

[@noodlefight325]

awesome channel 🥳😻 please do southeast asian countries soon🙏🏻😅

[@EconomicRaven]

the Raven will fly over Asian countries soon!

[@matthewjohn3056]

I wasn't into this video in the first 5 mins with the talk about China trade, Australia can't back down. But was really insightful afterwards about Australian econmy.

[@felixharidinata3694]

Really enjoy your content, would you do Indonesia?

[@EconomicRaven]

the Raven will fly over Indonesia soon!

[@felixharidinata3694]

@@EconomicRaven niceeee

[@Rocky-zv4ev]

Awesome one keep rocking 🔥Fly to the India soon

[@jasonwhiteley3612]

Australia might need to diversify but simple economics is that if China bands Australia iron ore other countries Steel producers have an advantage buying lower cost Australia ore which is already happening in regards to Coking cole making O/S Steel works very profitable which encourages expansion creating new markets but obviously we would be missing out on the China market with its regular govt stimulus.The other problem with diversifying is the Australian stock market has been the best performing market over the last 100 years, countries often move into industries with bad economic’s due to populist politics which with Australia high income’s would be a disaster.

[@ariefsetiawan4410]

Super awesome channel ! Keep up the good work 😀

[@EconomicRaven]

Thank you 🙏

[@nidiapuspitasari1573]

Im new here as your subscriber 3 days ago and will always wait for your new video. Good job ! 💕

[@EconomicRaven]

Thank you for the support 🙏

[@williamtheophilus9232]

Wow that's awesome I must say. ☺️

[@williamanthony915]

That footage showing the monorail in Sydney is extremely old. It was closed back in 2013

[@dikshakukreja4117]

Pls make a video on FINLAND ECONOMY & EDUCATION SYSTEM

[@EconomicRaven]

the Raven will fly over Finland soon!

[@manishkarki2585]

Could you make videos about some worst economic countries.

[@cubitme]

I can vouch for that. Australia commerce closes around 5-6PM unless it is a Thursday where malls, boutiques open till 9PM.

[@TenOrbital]

The different states and territories have different hours.

[@tonyvu2011]

It's true in Perth WA where I'm living, but when I was living in Sydney 20 years ago there were (and still are) 24-hr supermarkets, restaurants, servos....that city doesn't sleep!

[@williamanthony915]

You mean it stays open in other countries?

[@cubitme]

@@williamanthony915 you obviously have not travelled outside Strya enough

[@williamanthony915]

@@cubitme Yeah, I've been to Hong Kong and Berlin, but those places are known for nightlife. Didn't realise it was everywhere

[@khrieaky1011]

Very informative channel...love the video Editing ... Waiting for India and it's subcontinent region content🤗🙏

[@EconomicRaven]

Thank you 🙏

[@fuatsalvatore9728]

if you think australia houses are expensive, i suggest you to look at the canada and japan house prices.

[@AUniqueHandleName444]

Japan is so much cheaper than Australia. You can buy an actual house in Tokyo for less than half ow hat you can in Sydney.

[@haha-eg8fj]

Actually Tokyo is more affordable than Sydney. The mortgage rate in Japan is much lower which is about 0.5%. And the prices of properties are very similar.

[@harshitchaudhary8339]

can you do one video on indian economy ?

[@yujutrece8707]

great video ^-^

[@dapperafrica3259]

Could you do more african economy i.e. kenya,morocco,south africa,ghana,ethiopia,egypt,tunisia andalgeria Thank you.

[@EconomicRaven]

the Raven will fly over African countries soon!

[@thaslimraja2331]

Good video..! Make a video for China and Germany

[@EconomicRaven]

We have already posted a video on Germany

[@thaslimraja2331]

@@EconomicRaven thanks 👍🏽

[@RandomAussieGuy87]

Strewth, this was a good video!

[@EconomicRaven]

Thank you 🙏

[@JJadx]

good video. i wonder how it compares to the Netherlands. we have similar issues with housing RN. maybe do a video on house ownership in general? best practices, ect! maybe throw in some advise for buyers!

[@EconomicRaven]

the Raven will fly over Netherlands soon!

[@JJadx]

@@EconomicRaven nice! if you need help with translations send me a DM on twitter or something! @JJadxofficial

[@airbender9593]

This is a good video to watch to understand where the western world is heading to.

[@gabrielfurlong4042]

Which sectors will more likely improve economy?

[@lightning_hawk951]

Nice video 👌..let the next video be on Chinese economy

[@EconomicRaven]

the Raven will fly over China soon!

[@dariuszdudka1991]

One reason: large natural resources extraction, then learning the Nordic model. Hence it is so rich. Still, because of Australia's slow economic diversity in spite of the country's Nordic economic system, the pandemic hurt Australia hard.

[@saraimontserratvazquezlope786]

Can I request a video about the economy in Mexico please???

[@EconomicRaven]

the Raven will fly over Mexico soon!

[@cathroulette]

Can you make a video on Singapore's economy?

[@EconomicRaven]

the Raven will fly over Singapore soon!

[@sokeachan6518]

For sure, she’ll be right mate

[@deepbhajiwala6062]

Make a video on USA

[@EconomicRaven]

the Raven will fly over USA soon!

[@newtinstein6393]

Do one on India and you'll see how your channel will take off!!👍

[@divyeshsharma7428]

Any south Asian country will do

[@ujjawalgokhale4240]

Very informative video make one video india economy please

[@Maussiegamer]

7:19 what is dept

[@samitdutta1987]

I like your video on Turkey. Make video on Indian economy.

[@tahidulislam8419]

Please make a video on Economy of Bangladesh.

[@EconomicRaven]

the Raven will fly over Bangladesh soon!

[@tahidulislam8419]

@@EconomicRaven Thank you so much for replying. Eagerly waiting for the Bangladesh episode.

[@hydraotaku2607]

❤❤

[@danielmatthews937]

I found this video to be a tad bit Demoralising and offensive to be honest. I do agree with many points especially the fact Australia needs to diversify economically and trade wise and to create industry within its own country again, however some things I disagree with as well. for one Australia didn't provoke china during the Carona outbreak it was the other way around actually. Australia like many other nations including the United Nations at that time wanted answers and an investigation to take place, China pin pointed Australia as a target for propaganda as an excuse to accuse their government at that time for xenophobia which is bull!@#$ ,due to the fact that Australia is economically tethered to china its made it quite easy for the nation to harass and over the last decade Australia has been bullied by china economically and geographically. China has been Dominating the Asia pacific geographically and economically for many years now and Australia has only ever been playing nice, most to the fact we are a democratic society and we are quite young but with every inch china will take a mile and encroaches past the line. Australia is as about as much culturally diverse as the U.S actually and that is on a historical standpoint. For Australias night life, for almost a decade it was dead because of "lock out" laws implemented by the government for safety because of the nightlife violence that was increasing due to a ethnical and gang related issues fuelled on by alcohol, now that has eased off. please stop with your Australian lingo throwing its condescending and gross.... thanks.

[@Jeckkz]

well said

[@mariokartpro7406]

@@Jeckkz indeed

[@fishytweek3062]

I’m actually aboriginal ( native Australian )!

[@luisdavidurbinaromero3772]

Great analysis

[@EconomicRaven]

Thank you 🙏

[@ryanwhite1779]

God job.

[@Dungnguyen731]

Hope u fly over Vietam soon hein ^^

[@harryhatter2962]

Recently reserves in Australia has been found to be more and they have moved up the ladder form No 10, examples are GOLD, Australia is not the largest world producer of gold, LNG Now the worlds largest exporter, Uranium same thing and so the list goes on

[@abiking6131]

Australia 🇦🇺 love ❤️

[@alexturlais8558]

Australia: are you doing a genocide? China: how dare you, I have never been more insulted in my life.

[@mzalendo24]

China is Australia's dad

[@xuchen4012]

china: are you fking your mom? Australia: How dare you expose it?

[@AUniqueHandleName444]

@@xuchen4012 Who is Australia's mom in this situation?

[@Arthur-yl7pb]

Could you please make a video on my shambolic Country 🇿🇦

[@EconomicRaven]

the Raven will fly over South Africa soon!

[@Arthur-yl7pb]

@@EconomicRaven we're an absolute shambles 💔😂😂🤣. Include the latest lootings that happened if we'll ever recover and all those good things 💔😭. And I've only found the channel this morning 02:3* to be exact, and I'm absolutely hooked😅😂❤️... Oh and thanks can't wait for the video

[@arisahattakitthatree5495]

One Good channel, keep supporting. Pls providing good content 😊✌

[@EconomicRaven]

Thank you 🙏

[@novastonegaming]

Make a Video on Spanish economy Your videos are great

[@EconomicRaven]

the Raven will fly over Spain soon! Thank you 🙏

[@edwardgilmour9013]

Time to phase out Negative gearing and bring in Empty property tax on any property zone for residential but not developed or sold.

[@predex7171]

quality content

[@knowledgeboxpakistan740]

The country economy is intact at the moment , but they should go toward value addition . The bear minimum population is their big advantage .

[@vedantshah2636]

Next on Poland economy

[@EconomicRaven]

the Raven will fly over Poland soon!

[@23pking]

Great video, I am glad it doesn't just piss in Australias pocket and highlights the things we need to get right. We also need tax reform and industrial relation reform if we are to home grow more busineses. PS I love how the slang misses the mark every time.

[@EconomicRaven]

Thank you 🙏

[@dr94279]

Completely wrong, exports are at record levels due to rising iron ore price and massive demand from China. The main thing that was tariffed, coal, has also not seen overall reduced exports

[@pritapp788]

The big question remains unanswered: if China pulls the plug, what remains of Australia's economy? They can't replace Chinese imports, Chinese students and Chinese property buyers overnight, and the relations between both countries isn't exactly great.

[@nahomwg8638]

this is very educational, please do Ethiopian economy, it is on the brink of collapse. u can find good sources on Twitter

[@EconomicRaven]

the Raven will over Ethiopia soon!

[@nahomwg8638]

@Political Mind the country is actually in a war with itself, and the Ethiopian govt confirmed it has spent more than 20% of it's annual budget on the war, and western countries are imposing sanctions on the government, with no new investment and very low foreign currency 💲 the government is going bankrupt, saying it's going to close 30 embassies, some speculating the pm is trying to save dollar 💰 for his war expenses.

[@kayp150]

04:44:- Is that the flag of Rwanda?

[@zaratras8598]

how long does it take to make one of des video

[@EconomicRaven]

sometimes it feels like its taking forever!

[@gus.johnson4325]

How rich is rich...? Well try this for size: Australia has had the benefit of a vast range of natural resources and in abundance. It started to benefit from the gold rush in 1850, which apparently produced even more gold than the California gold rush, and the extraction of various natural mineral resources never stopped after that; a period of 170 years! Norway is a country rich in oil and gas, but which only really benefited from that some decades after it's discovery in 1967. In 1990 the Norwegian Government started a Sovereign Wealth fund so to make sure that the OWNERS of the resources extracted, the Norwegian PEOPLE, and not just big foreign companies and wealthy investors would reap the benefits. (During the financial crisis in 2009, Australia was around 3 to 4 % in the red; Norway had a surplus of nearly 10%!!! Just about the only country in the world with a surplus.) Today; Australia has about 25 million people and is in the red about 1 trillion dollars whilst Norway has 5 million people. Norway's population is 1/5 of Australia's and likewise, 1/5 of Australia's debt is 200 million. So, Norway's 5 million people could pay off the 200 million debt of 5 million Australians... not just once, not twice, not even 3 times over... about 9, NINE, times over!! They can, in fact, pay off the entire Australian deep black hole we are in and they still would have nearly a one trillion in their bank account, how RICH is that? So how can it be that they in a matter of decades achieved something not achieved here during the last 170 years? 1. The Government of the day laid out the “10 Oil Commandments” to the foreign oil companies. 2. Every single politician, from numerous large and small parties, put the COUNTRY FIRST and their PERSONAL and their OWN POLITICAL PARTY last and AGREED with the Government... (The complete OPPOSITE of here when Julia and Labor tried to tax the mining companies so that the OWNERS, the Australian PEOPLE, could get a few more crumbs from the massive profits made... insane!) 3. ALL Norwegians, which includes POLITICIANS, believe in a very simple fundamental principle; if it is found on Norwegian land, then it belongs to ALL Norwegians, not just a FEW and most certainly not only to some foreigners. The mind boggles as to what the Norwegians must think about Australia whilst they are making an even larger fortune selling gas to Europe, whilst here... to depressing... can't say anything any more! It's good to be smart, but it's even smarter to learn from others. Australia's most serious threat in the future is not from Indonesia or China, but from the Australian people themselves.

[@tejasrinivasn8050]

about India's economy please

[@serge4834]

Portugal plssss!

[@EconomicRaven]

the Raven will fly over Portugal soon!

[@minecraftdonebig]

do nz cos like the explanation on how it become a world class company with no natural resources is confusing

[@ken-zgaming3661]

Pelase do 1 for Canada as well.

[@EconomicRaven]

the Raven will fly over Canada soon!

[@ken-zgaming3661]

@@EconomicRaven we will be gladly waiting for the arrival.

[@lifehacks909]

Please make a video on India

[@richardbaker2701]

That awkward moment when now China has more supply crises then it can count and australia has found other customers for our world leading resource exports

[@yetanotheryoutuber4271]

Yes, this video hasn't aged well.

[@Saikrishnanayak]

Please Make a video on India.

[@bianconero_]

next, Indonesia please

[@EconomicRaven]

the Raven will fly over Indonesia soon!

[@sameernandan1024]

Please make a video on Israel economy.

[@EconomicRaven]

the Raven will fly over Israel soon!

[@leuris_khan2]

Make a video about Brazil

[@EconomicRaven]

the Raven will fly over Brazil soon!

[@song08]

How could Australia deal with the “problem” of rich foreign investors who always buy as much house as they can?

[@jasonwhiteley3612]

Don’t think it matters especially if overpriced which would seem to be the case but if you need to you could charge extra taxes for people from O/S if it really does become problem in the future but generally it’s the tax pension incentives for Australians historical limiting of supply except the last 10 years.

[@grandslapper]

It benefits rich Australian property investors, including a very large proportion of Federal politicians. So the answer is: we won't.

[@Laura-bn8mx]

Do Brazilian economy next!

[@EconomicRaven]

the Raven will fly over Brazil soon!

[@three-spoon4640]

Bro make a video on Indian Economy.....love ur videos......thnk u for giving great informations....

[@EconomicRaven]

the Raven will fly over India soon!

[@AmanSingh-ex1ti]

@@EconomicRaven yeah bro make the raven fly as soon as possible... Will be very helpful..

[@Vitamins225]

Dayum

[@adim6755]

T.h.a.n.k.s f.o.r w.a.t.c.h.i.n.g. f.o.r m.o.r.e i.n.f.o o.r..g.u.i.d.a.n.c.e. W.H.A.T.S.A.P.P✅••• +1•2•1•3•5•8•7•4•0•8•0

[@belgicain5283]

Ecomony of Luxemburg ?

[@EconomicRaven]

the Raven will fly over Luxembourg soon!

[@belgicain5283]

@@EconomicRaven Great !

[@1936Studebaker]

From an average Joe Blows perspective. were doing ok Down Under, ask most people that live here where else they'd want to live and they'll tell you it's to good Down Under, why would I want to live anywhere else! Life is what you make it and if you try to live beyond your means then you will end up in debt. Life is pretty good for the average Aussie, most peoples wages balance out the cost of living with saving money possible, the problem is most people are greedy and have to have everything just to try and to keep up with the Jones's. Great education, Public health care system, Superannuation, great social security, plenty of jobs for everyone and the weathers great, 52 years and counting, I've travelled the world, I ain't going no where, I'm living in the lucky country!

[@isma4507]

Nice video please make video on spain my country 😂

[@EconomicRaven]

the Raven will fly over Spain soon!

[@Soft_Cod]

Sir, Please Show the Correct Map of Indian. (0:55). As Entire Union Territory of Jammu and Kashmir and Ladakh including L(Aksi Chine and POK) Belong to India.

[@lakeofbays1622]

You are absolutely right about Australia. 22 years ago, I came to take a look at Australia for immigration and decided against it. Better options US, Canada.

[@Harrisao]

No chance, us is so unstable and canada care too much about not hurting feelings. If you're born in Australia you have a 99% chance you'll be a millionaire by retirement. Facts. But both being commonwealth nations have that in their sides

[@lakeofbays1622]

@@Harrisao I have many relatives in Australia. None are millionaires except for the over priced houses. In Canada I am a millionaire many times.

[@Harrisao]

@@lakeofbays1622 overpriced, bs. Read what you want, houses are still affordable if you're not an idiot. Multiple schemes set up by the government. Buy where you can, don't live in up market areas, simple.

[@lakeofbays1622]

@@Harrisao I planned not to live in Australia. It is a boring country. Only one thing you can do there is going to the beach when mosquito season is not very bad. In North America and Europe you can do many many things. Also every thing in Australia is overpriced. It is called high cost of living.

[@Harrisao]

@@lakeofbays1622 what's there to do in Canada? Sounds like you visited lala land or a dumpster. Australia has some of the best beaches in the world, in areas gets more snow than Swiss alps, dessert tropical paradises. Not to mention one of the oldest cultures in the world. You saying its overpriced is a bit funny when your a so called "millionaire" . The only reason why people are going to Canada more is because their government has more interest pleasing new people coming into the country rather than its own people. Mosquito season hahshahahah that was funny thanks for making my day.

[@knowledgeboxpakistan740]

In the given scenario , the country'

[@srawansubedi9377]

Nice one, next Nepal?

[@EconomicRaven]

the Raven will fly over Nepal soon!

[@TvrdakTom]

6:36 the lack of night life... They just fuck up night life. It wasn't that same 10 years ago.

[@hunterkill97]

I live in Australia. I agree they need to improve their work diversity and food scene need to be improved as well.

[@lifelongbachelor3651]

we have plenty of diversity. thank you.

[@hunterkill97]

@@lifelongbachelor3651 i think it needs more

[@LOLxUnique]

Food scene? Have you been to Sydney?

[@lifelongbachelor3651]

in your sleep. we're diverse enough. and we have plenty of cuisines from which to choose.

[@zaratras8598]

i love this cannal