Read and translate the following text. Australia – the Country with Strong Economy

Australia – the Country with Strong Economy

Australia is a stable, culturally diverse and democratic society with one of the strongest performing economies in the world. With an estimated population of more than 22.5 million, Australia is the only nation to govern an entire continent. Over the last fifty years, Australia has developed a highly diversified economy with considerable strengths, particularly in the mining and agricultural sectors as well as manufacturing and services with a strong commitment to ongoing economic reform and global engagement that emphasizes free trade and investment.

With abundant resources, skilled professionals and cutting-edge technology, Australia is a leader in the global mining industry. Australia is among the largest producers of bauxite, iron and zinc ore, nickel and gold. Australia is also a major supplier of energy, including coal, natural gas and uranium.

The mining sector accounts for approximately 8% of the Australian economy. Minerals and energy account for 50% of Australia's exports. The sector is expanding, driven by huge demand for raw materials from the rapidly growing economies of Asia.

The scale of the resource industry has helped Australia become a world leader in the development and manufacture of mining equipment, technology and services. Australian firms are competitive across the supply chain, including exploration, engineering, processing, environmental management, mine safety, training, and research and development.

While wool is still an important export, agriculture and agrifood industries also export a wide range of other products such as wheat, beef, cotton, sugar, wine, sheepmeat, barley and dairy.

Australia has developed a competitive edge in a range of goods and services, including high-technology goods such as medical and scientific equipment, as well as wine and processed food. Major services exports include education and tourism, as well as professional and financial services.

Trade is fundamentally important to the Australian economy. Today, Australia is a very 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.

Main industries: mining, industrial and transportation equipment, wine, wool, brewing, tourism, natural gas, fishing, diamonds, food processing, chemicals and steel.

Export goods: crude petroleum, liquefied natural gas, copper, coal, iron ore, gold, meat, wool, alumina, wheat, wine, diamonds, machinery and transport equipment, dairy products, alcoholic beverages, medical instruments and fruit.

Import goods: machinery and transport equipment, computers and office machines, telecommunication equipment and parts; crude oil and petroleum products.

The Australian economy continues to outperform other advanced economies. Australia has solid growth, low unemployment, contained inflation, very low public debt and a strong and stable financial system. A continuing process of reform to further open the economy and strengthen its competitiveness has been a key ingredient of Australia's success.