Analysis of gathered data also helps to get the outcome of the research project. The researcher also conducts a descriptive analysis of this specific research project. During analysis, researcher also uses these secondary data collected from different source such as journals, research papers, internets and books. Researcher also gathered the information with a view to identify the factors, and this helps to grow the trade relationship between Australia and Asia.
Researcher has to find the GDP growth rate of the countries of Asia and Australia. Growth rate of GDP also depends on the import and export of the goods from the market, so trade relationship between two countries or countries of different continents also help to grow the economy of the countries. Researcher also compared the GDPs of different countries to know the economic condition of the countries. Researcher also identified the role of fiscal policies in case of identification of the relationship between the continents. In this case, the researcher also has intended to recognize different data regarding recent exports and imports of Australia.
During the secondary data analysis, researcher also compared the GDP’s of different countries in Asia and Australia. Researcher also gathered information with a view to GDP of different countries since 2012 to 2016. In case of Australia, GDP rate fluctuates every year. In 2016, the rate of GDP increased 0.1%. Asia is the world’s largest growth leader, but in 2014, the growth slightly down. Some countries of Asia have better economic growth than Australia. In 2014, the growth rate of India is 1.5% and it is very huge, because India is an emerging country and also export huge amount of national products to the foreign market.
Australia also has emerging power and also can export different products in the foreign market and this also help to increase the GDP and make a good trade relationship with the foreign countries. Establishment of business relationship between the countries also helps to earn more profit. China, Japan, India are the most popular and enriched countries in Asia, so this making relationship with other countries also gives extra benefits to Australia. A chart is depicted below for identification of the current trade performances between Australia and Asia.