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Economy
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Economy
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Overview
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Scientific undertakings rather than commercial pursuits are the predominate human activity in Antarctica. Fishing off the coast and tourism, both based abroad, account for Antarctica's limited economic activity. Antarctic fisheries, targeting three main species - Patagonian and Antarctic toothfish (Dissostichus eleginoides and D. mawsoni), mackerel icefish (Champsocephalus gunnari), and krill (Euphausia superba) - reported landing 141,147 metric tons in 2008-09 (1 July - 30 June). (Estimated fishing is from the area covered by the Convention on the Conservation of Antarctic Marine Living Resources (CCAMLR), which extends slightly beyond the Antarctic Treaty area.) Unregulated fishing, particularly of Patagonian toothfish (also known as Chilean sea bass), is a serious problem. The CCAMLR determines the recommended catch limits for marine species. A total of 37,858 tourists visited the Antarctic Treaty area in the 2008-09 Antarctic summer, down from the 46,265 visitors in 2007-08 (estimates provided to the Antarctic Treaty by the International Association of Antarctica Tour Operators (IAATO); this does not include passengers on overflights). Nearly all of them were passengers on commercial (nongovernmental) ships and several yachts that make trips during the summer.
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The Australian economy has experienced continuous growth and features low unemployment, contained inflation, very low public debt, and a strong and stable financial system. By 2012, Australia had experienced more than 20 years of continued economic growth, averaging 3.5% a year. Demand for resources and energy from Asia and especially China has grown rapidly, creating a channel for resources investments and growth in commodity exports. The high Australian dollar has hurt the manufacturing sector, while the services sector is the largest part of the Australian economy, accounting for about 70% of GDP and 75% of jobs. Australia was comparatively unaffected by the global financial crisis as the banking system has remained strong and inflation is under control. Australia has benefited from a dramatic surge in its terms of trade in recent years, stemming from rising global commodity prices. Australia is a significant exporter of natural resources, energy, and food. Australia's abundant and diverse natural resources attract high levels of foreign investment and include extensive reserves of coal, iron, copper, gold, natural gas, uranium, and renewable energy sources. A series of major investments, such as the US$40 billion Gorgon Liquid Natural Gas project, will significantly expand the resources sector. Australia is an open market with minimal restrictions on imports of goods and services. The process of opening up has increased productivity, stimulated growth, and made the economy more flexible and dynamic. Australia plays an active role in the World Trade Organization, APEC, the G20, and other trade forums. Australia has bilateral free trade agreements (FTAs) with Chile, Malaysia, New Zealand, Singapore, Thailand, and the US, has a regional FTA with ASEAN and New Zealand, is negotiating agreements with China, India, Indonesia, Japan, and the Republic of Korea, as well as with its Pacific neighbors and the Gulf Cooperation Council countries, and is also working on the Trans-Pacific Partnership Agreement with Brunei Darussalam, Canada, Chile, Malaysia, Mexico, New Zealand, Peru, Singapore, the US, and Vietnam.
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Economy
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GDP
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Per capita
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PPP
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$1.12
Ranked 186th.
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$42,000.00
Ranked 11th.
37385 times more
than
Antarctica
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Environment
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Current issues
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in 1998, NASA satellite data showed that the Antarctic ozone hole was the largest on record, covering 27 million square kilometers; researchers in 1997 found that increased ultraviolet light passing through the hole damages the DNA of icefish, an Antarctic fish lacking hemoglobin; ozone depletion earlier was shown to harm one-celled Antarctic marine plants; in 2002, significant areas of ice shelves disintegrated in response to regional warming
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soil erosion from overgrazing, industrial development, urbanization, and poor farming practices; soil salinity rising due to the use of poor quality water; desertification; clearing for agricultural purposes threatens the natural habitat of many unique animal and plant species; the Great Barrier Reef off the northeast coast, the largest coral reef in the world, is threatened by increased shipping and its popularity as a tourist site; limited natural fresh water resources
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Geography
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Area
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Comparative
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slightly less than 1.5 times the size of the US
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slightly smaller than the US contiguous 48 states
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Geography
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Area
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Land
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14 million sq km
Ranked 2nd.
84% more than
Australia
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7.62 million sq km
Ranked 7th.
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Geography
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Area
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Total
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14 million sq km
Ranked 2nd.
81% more than
Australia
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7.74 million sq km
Ranked 7th.
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Geography
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Climate
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severe low temperatures vary with latitude, elevation, and distance from the ocean; East Antarctica is colder than West Antarctica because of its higher elevation; Antarctic Peninsula has the most moderate climate; higher temperatures occur in January along the coast and average slightly below freezing
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generally arid to semiarid; temperate in south and east; tropical in north
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Geography
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Coastline
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17,968 km
Ranked 10th.
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25,760 km
Ranked 7th.
43% more than
Antarctica
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Geography
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Geographic coordinates
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90 00 S, 0 00 E
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27 00 S, 133 00 E
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Geography
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Location
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continent mostly south of the Antarctic Circle
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Oceania, continent between the Indian Ocean and the South Pacific Ocean
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Geography
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Natural resources
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iron ore, chromium, copper, gold, nickel, platinum and other minerals, and coal and hydrocarbons have been found in small noncommercial quantities; none presently exploited; krill, finfish, and crab have been taken by commercial fisheries
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bauxite, coal, iron ore, copper, tin, gold, silver, uranium, nickel, tungsten, rare earth elements, mineral sands, lead, zinc, diamonds, natural gas, petroleum
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Geography
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Terrain
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about 98% thick continental ice sheet and 2% barren rock, with average elevations between 2,000 and 4,000 meters; mountain ranges up to nearly 5,000 meters; ice-free coastal areas include parts of southern Victoria Land, Wilkes Land, the Antarctic Peninsula area, and parts of Ross Island on McMurdo Sound; glaciers form ice shelves along about half of the coastline, and floating ice shelves constitute 11% of the area of the continent
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mostly low plateau with deserts; fertile plain in southeast
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Government
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Government type
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Antarctic Treaty Summary - the Antarctic region is governed by a system known as the Antarctic Treaty System; the system includes: 1. the Antarctic Treaty, signed on 1 December 1959 and entered into force on 23 June 1961, which establishes the legal framework for the management of Antarctica, 2. Recommendations and Measures adopted at meetings of Antarctic Treaty countries, 3. The Convention for the Conservation of Antarctic Seals (1972), 4. The Convention for the Conservation of Antarctic Marine Living Resources (1980), and 5. The Protocol on Environmental Protection to the Antarctic Treaty (1991); the 33rd Antarctic Treaty Consultative Meeting was held in Punta del Este, Uruguay in May 2010; at these periodic meetings, decisions are made by consensus (not by vote) of all consultative member nations; by April 2010, there were 48 treaty member nations: 28 consultative and 20 non-consultative; consultative (decision-making) members include the seven nations that claim portions of Antarctica as national territory (some claims overlap) and 21 non-claimant nations; the US and Russia have reserved the right to make claims; the US does not recognize the claims of others; Antarctica is administered through meetings of the consultative member nations; decisions from these meetings are carried out by these member nations (with respect to their own nationals and operations) in accordance with their own national laws; the years in parentheses indicate when a consultative member-nation acceded to the Treaty and when it was accepted as a consultative member, while no date indicates the country was an original 1959 treaty signatory; claimant nations are - Argentina, Australia, Chile, France, NZ, Norway, and the UK; nonclaimant consultative nations are - Belgium, Brazil (1975/1983), Bulgaria (1978/1998), China (1983/1985), Ecuador (1987/1990), Finland (1984/1989), Germany (1979/1981), India (1983/1983), Italy (1981/1987), Japan, South Korea (1986/1989), Netherlands (1967/1990), Peru (1981/1989), Poland (196<br />Article 1 - area to be used for peaceful purposes only; military activity, such as weapons testing, is prohibited, but military personnel and equipment may be used for scientific research or any other peaceful purpose; Article 2 - freedom of scientific investigation and cooperation shall continue; Article 3 - free exchange of information and personnel, cooperation with the UN and other international agencies; Article 4 - does not recognize, dispute, or establish territorial claims and no new claims shall be asserted while the treaty is in force; Article 5 - prohibits nuclear explosions or disposal of radioactive wastes; Article 6 - includes under the treaty all land and ice shelves south of 60 degrees 00 minutes south and reserves high seas rights; Article 7 - treaty-state observers have free access, including aerial observation, to any area and may inspect all stations, installations, and equipment; advance notice of all expeditions and of the introduction of military personnel must be given; Article 8 - allows for jurisdiction over observers and scientists by their own states; Article 9 - frequent consultative meetings take place among member nations; Article 10 - treaty states will discourage activities by any country in Antarctica that are contrary to the treaty; Article 11 - disputes to be settled peacefully by the parties concerned or, ultimately, by the ICJ; Articles 12, 13, 14 - deal with upholding, interpreting, and amending the treaty among involved nations; other agreements - some 200 recommendations adopted at treaty consultative meetings and ratified by governments; a mineral resources agreement was signed in 1988 but remains unratified; the Protocol on Environmental Protection to the Antarctic Treaty was signed 4 October 1991 and entered into force 14 January 1998; this agreement provides for the protection of the Antarctic environment through six specific annexes: 1) environmental impact assessment, 2) conservation of Antarctic fauna and flora, 3) waste disposal and waste management, 4) prevention of marine pollution, 5) area protection and management and 6) liability arising from environmental emergencies; it prohibits all activities relating to mineral resources except scientific research; a permanent Antarctic Treaty Secretariat was established in 2004 in Buenos Aires, Argentina
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federal parliamentary democracy and a Commonwealth realm
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Government
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Legal system
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Antarctica is administered through annual meetings - known as Antarctic Treaty Consultative Meetings - which include consultative member nations, non-consultative member nations, observer organizations, and expert organizations; decisions from these meetings are carried out by these member nations (with respect to their own nationals and operations) in accordance with their own national laws; more generally, access to the Antarctic Treaty area, that is to all areas between 60 and 90 degrees south latitude, is subject to a number of relevant legal instruments and authorization procedures adopted by the states party to the Antarctic Treaty(703) 292-8030, or visit its website at www.nsf.gov
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common law system based on the English model
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People
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Population
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0.0
Ranked 235th.
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22.26 million
Ranked 55th.
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Transport
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Airports
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23
Ranked 133th.
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480
Ranked 16th.
21 times more
than
Antarctica
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Geography
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Area
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Comparative to US places
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slightly less than 1.5 times the size of the US
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slightly smaller than the US contiguous 48 states
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Geography
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Elevation extremes
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Highest point
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Vinson Massif 4,897 m
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Mount Kosciuszko 2,229 m
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Government
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Country name
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Conventional long form
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none
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Commonwealth of Australia
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Geography
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Land use
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Arable land
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0.0
Ranked 215th.
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6.16%
Ranked 139th.
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Media
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Radio broadcast stations
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FM 2, shortwave 1 (information for US bases only); note - many research stations have a local FM radio station
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AM 262, FM 345, shortwave 1
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Geography
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Natural hazards
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katabatic (gravity-driven) winds blow coastward from the high interior; frequent blizzards form near the foot of the plateau; cyclonic storms form over the ocean and move clockwise along the coast; volcanism on Deception Island and isolated areas of West Antarctica; other seismic activity rare and weak; large icebergs may calve from ice shelf
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cyclones along the coast; severe droughts; forest fires
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