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.
Economic history of Australia
With the breakdown of the Bretton Woods system in 1971, Australia converted the traditional peg to a fluctuating rate against the US dollar. In September 1974, Australia valued the dollar against a basket of currencies called the trade weighted index (TWI) in an effort to reduce the fluctuations associated with its tie to the US dollar. The daily TWI valuation was changed in November 1976 to a periodically adjusted valuation. On 12 December 1983, Australia floated the Australian dollar, with the exchange rate reflecting the balance of payments and other market drivers.