List of Australian businesspeople
The economy of Australia is one of the most developed, modern market economies in the world and the most productive in South Pacific, with a GDP of approximately US$1.6 trillion. Australia's total wealth is 6.4 trillion dollars. In 2011, it was the 13th largest national economy by nominal GDP. Businesspersons involved in different activities, whether commercial or industrial, for the purpose of generating revenue from a combination of human, financial, and physical capital are listed here.
Stanley Bruce
As early as 1927 economic indicators were signalling the onset of a recession in Australia. By 1929, the evidence was unavoidable that recession was becoming depression as a resulting of rapidly deteriorating international conditions. In that year, prices for Australian exports fell by nearly a third and GDP had fallen by 10%, with no attendant fall in the cost of living. Australia's debt now stood at £631 million the interest payments on which were equivalent to nearly half of Australia's export receipts, a situation difficult to sustain even in a positive economic climate. Investors and banks recognised the risk and Australia's credit access was rapidly drying up. Bruce's grand economic development plans had increased the national debt significantly yet had delivered only marginal economic expansion in the short term.