Betting

USA and Australia. “Brothers” or Rivals?

Australia, The USA… These two countries are located in different hemispheres of the Earth, 10 thousand kilometers away from each other. But it is to these countries millions of people from different corners of our planet aspire to get. Australia and the U.S. attract many people with a decent standard of living, lowest deposit casinos, high wages, and quality medicine.

Australia’s economy. Is Australia dependent on the US?

https://lh5.googleusercontent.com/rBL86fTKpxoXjJcZ1Y_lAwrFo_YK68Ol-mYt_lYvpkPo3rnm_634vkhCyNFEzL31ZGJUso10J8sM-79QaMF9UhazvjFuUctzUPT40WTeJGVpkF2d7tCYESM7xFAHysIf2jvKoSmJ3AY

Today, Australia is considered one of the richest and most successful countries in the world in terms of gross domestic product or GDP, per capita. Currently, this figure reaches 60 thousand dollars per year, but by 2023, according to the most pessimistic forecasts, this figure will increase to 62 thousand dollars per year per resident.

Thanks to steady growth in economic indicators and the right approach to taxation, the country has seen a steady decline in the inflation rate. In 2016, the rate dipped to just 1 percent, but in 2017, it began to rise slightly again. By 2020, this indicator of the country’s economy has risen to 3.8%.

An important step in the country’s economic policy is the proper and timely distribution of the gross domestic product by sector. Thus:

  • the share of industry in the country’s economy is more than 30%;
  • the service sector over 65%;
  • agriculture about 3.7%.

So, if we compare the two countries in terms of national income per capita, Australia is in seventh place (about $61,000 per year) and the United States is in tenth place ($55,000).

To read more about actual Australian news, click here: https://www.bbc.com/news/av/world-59936822

What should we expect in the future in this relationship?

The United States established diplomatic relations with Australia in 1940, after British recognition of Australia’s internal and external autonomy within the British Empire.

There are friendly relations between the states. Similarities in culture and history, democratic values, common interests, and similar views on most major international issues make the two countries brotherly.

https://lh4.googleusercontent.com/Mz2gRZr393vmqLCehu6WGOV9t7kvZvjgwvB5SnUzB7Nl2XunOjP_VvSDJgJ3QzsvEuw1gjST2uNK5-AXpNYWuCg31twTEjiv_d-2lp_56ssowpCTcEZstTt0TB6USTMHk9nkw7zF2_c

U.S. exports to Australia include vehicles, optical and medical instruments, aircraft, and agricultural products. Exports to the U.S. from Australia account for 4.64% of all Australian exports, an estimated $11.6 billion. The main exports are precious metals (mostly gold) and diamonds ~26%, meat products ~20%, medical supplies, and chemical products ~15%, machinery parts and machinery ~9%, aircraft, cars, and ships ~7%. The United States is one of the largest foreign investors in the Australian economy – 25.5% or $750 billion.

There is no doubt that this multifaceted relationship will continue to develop, benefiting both great nations.

Australia and gambling. Is the US supporting Australia in this?

To date, it is Australian people are considered to be among the most gamblers. Land-based casinos in Australia, in contrast to some European countries, are very and very actively visited by locals. They play roulette, blackjack, baccarat – well, anything they can play at all. Both land-based casinos and online casino websites are completely legalized. The first online casino opened in the 1990s and has been part of Australian life ever since.

According to the statistics, almost every Australian spends $1,300 on online casinos each year.

This is one of the highest rates among other countries.

https://lh6.googleusercontent.com/i4lWxXbimoXsiegUOgErF_LQM-DNvR8fEB93pBtAOHjQm2pGwxFiaEQdWDcfrjuunte_SH9Jjq3L1knv-OFmsedQVL10VZl2be7MIStbqrM9pT2FuImWsJKGvBs3I3Qe7fTKi128Z-A

It is worth noting that Australia is so open to gambling that, unlike most countries, it is allowed to advertise gambling houses on TV, radio, the Internet, and any other platforms. Of course, only registered providers can officially advertise on the Internet, but in general, such a policy greatly fuels interest in gambling.

However, if we keep comparing, the United States is still the largest market.

The United States is only the fifth largest per capita gambling market in the world. Despite this, they are the largest market for casinos and online operators. 

In 2021, Americans spent more than $120 billion on gambling, about twice as much as China (if you include Hong Kong and Macau).

Сonclusion

Australia vs. the U.S. – which of these countries is better to live in? It is almost impossible to give a definite answer to this question. After all, it is largely a matter of the taste and personal preferences of each person. Some will be more interested in a promising and ambitious country called the United States. And someone will be quite comfortable living in a quiet and unpretentious (in geopolitical and global terms) Australia.

Christopher Stern

Christopher Stern is a Washington-based reporter. Chris spent many years covering tech policy as a business reporter for renowned publications. He has extensive experience covering Congress, the Federal Communications Commission, and the Federal Trade Commissions. He is a graduate of Middlebury College. Email:[email protected]

Related Articles

Back to top button