What is Australia's desired trade growth rate in relation to GDP?

In summary, Mel is asking for information about Australia's desired trade balance growth rate in relation to its macroeconomic policies. The target balance of trade surplus is 1% of GDP and target export growth is 6.25% per year, according to a report published by the Australian Department of Foreign Affairs and Trade in 2008. This information can be found in the Mortimer Report.
  • #1
mel*k
Hi
I was just wondering if anyone could please tell me what Australians desired trade balance growth rate is Per year of GDP (macroeconomic policies)?

is trade aimed at a target of 3 % of GDP?

i know
inflation = 2-3%
GDP = 3%
but cannot find trade?

Any help would be really appreciated
Thanks Mel
 
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  • #2
Does such a target exist? And do you mean growth in Net Exports (Xs - Ms, or Exports - Imports)?
 
  • #3
The target balance of trade surplus is 1% of GDP and target export growth is 6.25% per year (monetary, not volume).

Source is http://www.dfat.gov.au/publications/mortimer_report/mortimer_report.pdf published in 2008 by the Australian Department of Foreign Affairs and Trade.
 
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What is the desired trade growth rate?

The desired trade growth rate refers to the rate at which a country or organization aims to increase its international trade over a specific period of time. This can be measured in terms of the value of goods and services being imported and exported.

Why is the desired trade growth rate important?

The desired trade growth rate is important because it reflects the economic goals and priorities of a country or organization. A higher trade growth rate can lead to increased employment, higher economic growth, and improved living standards.

How is the desired trade growth rate calculated?

The desired trade growth rate is calculated by comparing the current value of imports and exports to the desired value over a specific time period. This can be done by using data on trade flows, economic indicators, and market trends.

What factors can influence the desired trade growth rate?

The desired trade growth rate can be influenced by a variety of factors, including changes in consumer demand, shifts in global economic conditions, trade policies and regulations, and technological advancements. Domestic and international political factors can also play a role.

What are some strategies for achieving the desired trade growth rate?

Some strategies for achieving the desired trade growth rate include implementing trade agreements and partnerships, promoting exports through marketing and trade missions, investing in infrastructure and technology, and reducing trade barriers and tariffs. Governments and organizations may also focus on developing and diversifying their industries and improving their competitive advantage in the global market.

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