A growing economy

Many strong points:

• Proximity to Asia and Australia

• Tourist attraction and important agricultural sector

• Low public debt and balance of public accounts

• Dynamic demography related to immigration

• Quality of life

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Household consumption is favored by wage growth and the low unemployment rate (4.6% in October 2017).

In addition, since 2018, the most modest households have benefited from the increase in social benefits for families, a 5% increase in the minimum wage and a reduction in income tax.