Yes, Australia is a first world country and has the worldâ€™s 12th largest economy and is considered the strongest.
The nation is highly developed and is also one of the wealthiest countries in the world. In terms of first world development, Australia is ranked second in in the world on the Human Development Index.
Australia ranks high in a number of other comparison reports, such as liveability, education, medical and quality of life. For example, 4 out of the top 10 most liveable cities in the world are in Australia. Melbourne is ranked number 1 and is currently the most liveable city in the world.
Australia also ranks well on the Transparency Index or Corruption Index and is considered as having one of the least corrupt governments in the world. In 2012 Australia was ranked as having the 7th least corrupt government in the world.
Australia was ranked first in the world on the Legatum Prosperity Index. Despite Australiaâ€™s reputation for high cost of living the nation is listed among highest income earners in the world in terms of average wage. The average overall wage in Australia is between $70,000.00 and $90,000.00 per year depending on the state.
Because of innovation and quality of life, Australia has the 4th highest life expectancy in the world.
Australia also ranks highly in terms of medical and education ranks.