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).
Agriculture in Australia
Australia is a major agricultural producer and exporter, with over 325,300 employed in Agriculture, forestry and fishing as of February 2015. Agriculture and its closely related sectors earn $155 billion-a-year for a 12% share of GDP. Australian farmers and graziers own 135,997 farms, covering 61% of Australia's landmass. Approximately 64% of all farms across Australia belong to the state, with a further 23% that are still owned by indigenous groups or tribes. Across the country there is a mix of irrigation and dry-land farming. Australia leads the world with 35 million hectares certified organic, which is 8.8% of Australia's agricultural land. The CSIRO, the federal government agency for scientific research in Australia, has forecast that climate change will cause decreased precipitation over much of Australia and that this will exacerbate existing challenges to water availability and quality for agriculture.