Population growth in Australia

In considering the economic effect of population growth it is important to also consider the nature of the particular economy. At about 11% of GDP Australia has the smallest manufacturing sector and highest dependence on manufactured imports of any OECD nation. Both trends are also worsening with little prospect for improvement in the foreseeable future. Australia also has the highest proportion of urbanization in the world and faces growing problems related to massive urban growth. Not the least of these is among the world's most expensive real estate.