Editing Income distribution (section)

===Australia===
Australia was suffering from the global fallout from the 2008 financial crisis in 2011, but compared to many other industrialized countries, its economy remained comparatively strong, partly because of its solid mining industry and close trading relations with China.

Post-tax Gini coefficient: In 2011, Australia's Gini coefficient was roughly 0.33, showing a moderate degree of income inequality by global standards.

Rate of unemployment: In 2011, Australia's unemployment rate was 5.1%, which was consistent with a stable labor market.<ref>{{cite web |url=https://treasury.gov.au/publication/economic-roundup-issue-2-2013-2/economic-roundup-issue-2-2013/income-inequality-in-australia |title=Income inequality in Australia |website=treasury.gov.au |date=2013-11-18 |access-date=2024-04-21}}</ref>

GDP per capita: In 2011, the GDP per capita was approximately USD 62,000, indicating a robust economy.

Poverty rate: Various estimates place the poverty rate between 12 and 13 percent.<ref name="treasury.gov.au_part-1-reasons-for-resilience">{{cite web |url=https://treasury.gov.au/publication/economic-roundup-issue-2-2011/economic-roundup-issue-2-2011/the-australian-economy-and-the-global-downturn-part-1-reasons-for-resilience |title=The Australian economy and the global downturn Part 1: Reasons for resilience |website=treasury.gov.au |date=2012-04-02 |access-date=2024-04-21}}</ref>

Australia's government prioritized resolving income inequities that were made worse by the global economic slump during this time, as well as maintaining economic stability.<ref name="treasury.gov.au_part-1-reasons-for-resilience"/> Among the measures taken to lessen income inequality were:

* Bolstering the social safety net by raising welfare payments.
* Introducing fiscal measures like progressive taxes that are intended to redistribute income. Encouraging work by taking steps to increase the number of jobs being created in different industries.<ref>{{cite web | url=https://www.imf.org/en/Publications/fandd/issues/2018/03/bourguignon | title=Redistribution of * Income and Reducing Economic Inequality - IMF F&D Magazine }}</ref>

These measures were a part of Australia's larger strategy to guarantee that the country's economic expansion benefited all facets of society, especially in light of the unpredictability of the world economy.<ref>{{cite book |title=The Australian Economy in the 2000s: Proceedings of a Conference Held in Sydney on 15-16 August 2011 |date=2011 |publisher=Reserve Bank of Australia |isbn=978-0-9871488-5-8 |url=https://www.rba.gov.au/publications/confs/2011/pdf/conf-vol-2011.pdf }}{{pn|date=April 2024}}</ref>