The economy of Australia is a prosperous, free market economy dominated by its services sector, representing 68% of Australian GDP. The agricultural and mining sectors (10% of GDP combined) account for 57% of the nation’s exports.
Adelaide is the capital and most populous city of the Australian state of South Australia, and is the fifth-largest city in Australia. Adelaide’s economy is primarily based around manufacturing, defence technology and research, commodity export and corresponding service industries. It has large manufacturing, defence and research zones. They contain car manufacturing plants for General Motors Holden, and plants that produce electronic systems that are sold worldwide for applications in medical, communications, defence, automotive, food and wine processing and industrial sectors. The revenue of Adelaide’s electronics industry has grown at over 15% per year since 1990. The electronics industry in Adelaide employs over 13,000 people, which is more than the automotive industry. Almost half of all cars produced in Australia are made in Adelaide.
Adelaide has an overall cost of living index which equates it with high cost of living locations. The overall cost of living index is comprised of the prices for defined quantities of the same goods and services across all 13 Basket Groups.
The latest cost of living rank for each of the 13 Basket Groups is now available.