Australia

Overview

Australia is the world's smallest continent with a total land area of 7.61 million sq km. Located in the Southern Hemisphere, between the Indian Ocean and the South Pacific Ocean, Australia ironically indeed is also the largest island on Earth and is made up of many smaller islands like Lord Howe, Macquarie, Fraser, Kangaroo amongst others. A land of sun-baked beaches and dense tropical rainforests, Australia's biggest appeal lies in its fascinating natural beauty.

Given the vast expanse of this land, climatic differences seem no more a revelation The northern regions of the country experience tropical climate and as one move southward, it changes to being arid and temperate. Year round temperatures across the continent with regional and seasonal variations fluctuate between 38°C and 1°C. A look at the economy shows that Australia is no less than any other developed country and at a GDP per capita of $36,300 is raring to grow leaps and bounds even today. A negligible BPL population with a meager 4% unemployment rate and an inflation of 2.3%, the Unknown Land of the Roman times has certainly become much known and acknowledged for its enviable economic advancement.