important consensus. The economic reforms implemented since the 1980s have led to a large contraction of the Australian manufacturing sector, along with trade union membership; with the percentage of workforce unionisation dropping from over 50% in the 1970s, to only 14% presently. The 1980s economic reforms, intended to diversify the national economy and make it more resilient, were introduced after the mid-1980s decline in the terms of trade. The trend of Australia's gross domestic product at market prices estimated by the International Monetary Fund is as follows: For purchasing power parity comparisons, the US$ is exchanged at A$0.98. In recent times Australia has received financial growth in the mining industry. This has been a major contributing factor of a high Australian dollar. The reform of the Australian economy in this period was not without cost. Improvements in the efficiency of the services sector, agriculture and mining were achieved while manufacturing industries struggled, especially those industries that had been established behind a wall of high tariffs created in the post-war period. Automobiles On 2008, four companies mass-produced cars in Australia. Mitsubishi ceased production in March 2008, followed by Ford in 2016, and Holden and Toyota in 2017. Holden announced on 11 December 2013 that Holden cars would no longer be manufactured in Australia from the end of 2017. Ford had two main factories, both in Victoria: located in the Geelong suburb of Norlane and the northern Melbourne suburb of Broadmeadows. Both plants were closed down in October 2016. Until 2006, Toyota had factories in Port Melbourne and Altona, Victoria. Since then, all manufacturing has been at Altona. In 2008, Toyota exported 101,668 vehicles worth $1,900 million. In 2011 the figures were "59,949 units worth $1,004 million". On 10 February 2014 it was announced that by the end of 2017 Toyota would cease manufacturing vehicles and engines in Australia. Whilst we've seen the closure of Holden, Ford and Toyota there has been an increase in Australia's Electric Vehicle potential with the introduction of ACE EV and Australian electric vehicle company. Textiles Until trade liberalisation in the mid 1980s, Australia had a large textile industry. This decline continued through the first decade of the 21st century. Since the 1980s, tariffs have steadily been reduced; in early 2010, the tariffs were reduced from 17.5 to 10 percent on clothing, and 7.5–10% to 5% for footwear and other textiles. As of 2010, most textile manufacturing,