Adelaide's economy is dominated by manufacturing, military industry and research. The city has large manufacturing, military and research areas. Horton Motor Company and Mitsubishi Group have production plants in Adelaide, as well as sanitary equipment and electronic components factories in the city. About half of the cars produced in Australia come from Adelaide. News Corp. was founded in Adelaide and its headquarters was in Adelaide until 2004. So far, Rupert Murdoch still thinks Adelaide is the "spiritual hometown" of News Corporation. Australia's largest oil company and the famous South Australia brewery are located in Adelaide. 1992 the collapse of the state bank left the whole state of South Australia with huge debts (A $4 billion). The state government has to tighten public expenditure, which is a blow to the economic development of Adelaide and South Australia. In recent years, the government debt has decreased, and the state government credit rating has been restored to AAA+. Generally speaking, South Australia's trade surplus, its per capita economic growth is higher than the average level of Australia. Adelaide is an important military production place in Australia. 70% of Australia's military enterprises are located in Adelaide, with a total production value of 654.38+0 billion Australian dollars. The Australian Science and Technology Bureau and other defense technology organizations, such as Tanis Defense Systems, are located near Salisbury.
Of Adelaide's 466,000 employees, 62.3% are full-time employees and 35. 1% are part-time employees. The number of employees has increased recently (199 1 year is only 1 1.6%). 15% employees are engaged in manufacturing, 5% in construction, 15% in retail, 1 1% in business services, 7% in education, and 12% in health and public services. /kloc-the average income of employees above 0/5 is between 300 and 399 Australian dollars. The cost of living in Adelaide is much lower than other cities in Australia, especially the rent. The average house price in Adelaide is only half that in Sydney, and the unemployment rate in Melbourne in June 2005 was 4.8%.