Australia's population is increasing rapidly. The fact that the number of people is increasing is a positive factor in the economy and it is expected that the income of companies that make up the ASX 200 will increase as the population to become the foundation of the economy increases. In addition, the fact that there are not many elderly people, like developed countries, has also reduced the anxiety about the future of the economy. There are many young people, and the expectation of an increase in labor force also enhances expectations for the future economy.
The abundant resources in Australia are exported to all over the world. It is also characterized by various resources such as oil and gas, iron ore and coal. These resources are indispensable resources for infrastructure maintenance.
In Asia, the population is steadily increasing, and demand for consumer goods due to the construction demand and income of buildings and condominiums accompanying it, and demand for railways and electrical wires is anticipated. Abundant resources are important to support stocks that make up ASX 200. Since the stable demand is expected in the future, the uncertainty factor is getting smaller.
In the 21st century, China is supporting the economy of Australia. If the Chinese economy stagnates, the impact on Australia's economy is to no small extent. In fact, China accounts for 30% of Australia's export proportion.
However, Australia also exports to many Asian countries such as Japan, India and Thailand. It is difficult to believe that the Australian economy deteriorates remarkably only by the slowing down of the Chinese economy. In fact, the number of countries in which the economy is stagnating in a way that is dragged down by China's economic slowdown is increasing, but the Australian economy is rising. It can be said that it is an indication that it is not dependent on China.
Industries other than resources
Australia is not a country that relies solely on resources, as financials and services account for the securities that make up the ASX 200. With population increase and infrastructure development, wholesale, manufacturing and insurance services are also strong. The Australian economy has the same structure as industrialized countries except for resources. It is expected that this trend will continue in the future.
Banks in Australia are ranked with the highest ranking and are said to be more reliable than the world's leading banks. In addition to the high financial system, the Australian bank's funding accounts for more than half of individual deposits. That much, it shows that there are many wealthy families. This state also leads to the stability of the financial system and of the economy.