Western Australia-Economy

Western Australia's economy is highly based on the exporting of mining and petroleum resources, especially iron , aluminium, natural gasses, nickel and gold.

The Pilbara is the main producer of Petroleum and iron ore, they also produce a high amount of manganese in the state. The Kimberley's produce one third of the worlds yearly production of diamonds; these diamonds are mined at the Argyle and Ellendale diamond mines. The Kimberley's also produce oil, the oil is extracted from the Blina oil field and the gas that the Kimberley's produce is soon expected to be taken from offshore sources. The South-West region produces alumina, mineral sands, agriculture, viticulture, timber and tourism contribute to the economy; the last main producer of goods in Australia are the Goldfields, the goldfields produce gold, nickel, fish, wheat, barley and various fertilizers.

Our economy has various strengths, some of these include having good connections with China, having high prices for our exporting goods, and having a low Inflation. But then again we also have various weaknesses which are our dependence on other economies and exporting a huge amount of our goods.


http://en.wikipedia.org/wiki/Western_australia
http://en.wikipedia.org/wiki/Kimberley_%28Western_Australia%29
http://en.wikipedia.org/wiki/Mining_in_Western_Australia