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Australia is situated in the middle of the tectonic plate, and therefore has no volcanism, although it may sometimes receive minor earthquakes. The terrain is mostly heavily weathered, low plateau with deserts, rangelands and a fertile plain in southeast. Tasmania and the Australian Alps contain a number of permanent icefields and numerous glaciers.

In common with many other developed countries, Australia is currently experiencing a demographic shift towards an older population, with more people retiring and fewer people of working age. Similarly, a large number of Australian citizens (950,000 as of 2004) live outside of their home country. This number (almost 5%) represents a higher per capita percentage of overseas residents than many other countries including the United States. This phenomenon was, until recently, given little attention by the Australian government and media, but the term Australian Diaspora has now joined the Australian vocabulary.

Violet Crumble is an Australian chocolate bar that is manufactured in Sydney, Australia. The slogan for the chocolate bar is "It's the way it shatters that matters". The chocolate bar is a crumbly honeycomb-like substance coated in chocolate, made from ingredients like sodium bicarbonate (baking soda), gelatin, glucose syrup and emulsifiers. The center of Violet Crumble is similar to the center of a Butterfinger. Violet Crumble is common in Hawaii but it can also be found in other places.

Australia's economic development was slow at first and based on the export of wool. This all changed with the discovery of gold in 1851 and mining has, overall, been the most important sector of the Australian economy. By the late 20th century, Australia had a prosperous Western-style mixed economy, with a per capita GDP on par with the four dominant Western European economies. In recent years, the Australian economy has been resilient in the face of global economic downturn, with steady growth. Rising output in the domestic economy has been offsetting the global slump, and business and consumer confidence remains robust. Australia's emphasis on reforms is another key factor behind the economy's strength. In the 1980s, the Labor Party, led by Prime Minister Bob Hawke and Treasurer Paul Keating, played a crucial role in modernizing Australia's economy.

Much of the area around Adelaide was once used for wine grape production, so that wine growing districts (such as the Barossa Valley, for which Adelaide and South Australia are well known) remain within a short drive of the city outskirts.