According to Reuter Zhou Yi (on May 13) newest report, because the resource price violent wind such as iron ore rises, export income of Australia is growing flourishingly. However, statistical data shows however, australia had several one billion four hundred and ten million and sixty-five thousand four hundred and eight dollars to disappear in GDP growth, this makes Australian economy looks more fatigued and weak. However thing or is there odd?
The report says, although at present this hundreds 100 million dollars still flow in Australian home, but this income however because be called inflation, and be grown by actual GDP eliminate is outer, this is standard way of the whole world. If GDP grew 10% ,just rose because of prices after all 10% , so to major person economic atmosphere was not improved.
Nevertheless, australian circumstance is considered as blazing. It is reported, this year March, iron ore exit rose nearly 13% , relatively the corresponding period was to rise more last year 25% , and the export price of iron ore also rose since this year 15% , this made enormous contribution for the economy of this country. Because iron ore is the exit product with this the biggest country, 20% what occupy its to always be exported, among them 82% exit reach China, this is meant when violent wind of iron ore price rises this year, australia is in China again full earthen bowl of market earn basin is full.
However, exporter of Australian iron ore rises in price because of exit and the U.S. dollor of additional gain, however by classify inflation and by statistician eliminate outer in order to calculate actual GDP. Data shows, australian export total was achieved last year 438 billion bay yuan, but the change of eliminate price, forehead of exit of its " actual " is only 397 billion bay yuan, be as high as 41 billion bay yuan (add up to a RMB about 195.5 billion yuan) " disappears without trace " , and 2.1% what this is equivalent to nominal GDP actually.
Economist thinks, australia the computational method of peculiar " of this kind of " is this quarterly Australia increase rate it is a of 0.2% main reason only, and this gives Australia couplet again conversely store brought the pressure that lowers interest to grow in order to stimulate economy. That is to say, although,Australian economy data looks very fatigued and weak, but as a result of iron ore price rise, this country economy is probable already market of China of have the aid of restores vitality.
