Economy of Australia
The economy of Australia is a large mixed-market economy, with a GDP of A$1.69 trillion as of 2017. In 2018 Australia overtook Switzerland, and became the country with the largest median wealth per adult. Australia's total wealth was AUD$8.9 trillion as of June 2016. In 2016, Australia was the 14th-largest national economy by nominal GDP, 20th-largest by PPP-adjusted GDP, and was the 25th-largest goods exporter and 20th-largest goods importer. Australia took the record for the longest run of uninterrupted GDP growth in the developed world with the March 2017 financial quarter, the 103rd quarter and marked 26 years since the country had a technical recession (two consecutive quarters of negative growth).
2013 Australian federal budget
Some columnists questioned whether the forecast revenue would be as high as predicted especially considering the effect of a high Australian dollar. The assumption that Australia's gross domestic product will grow by 5% per year was also questioned. Representatives from the National Welfare Rights Network and the National Council of Single Mothers and their Children criticised the lack of an increase in dole payments, particularly after many single mothers were transferred to Newstart in January.