Australia is a land of great natural beauty and boundless opportunity. Despite often turbulent global financial conditions, Australia’s economy continues to be one of the world’s most stable. Sound governance creates certainty for foreign investment and Australia’s skilled workforce, ties to Asia and success in key industries makes Australia a great place for doing business.
Why Australia?
Resilient economy – Australia’s Gross Domestic Product (GDP) (at purchasing power parity) ranks among the top twenty countries globally. In the September quarter of 2024, Australia’s GDP increased by 0.3%, marking the twelfth consecutive quarter of growth, driven by government spending and public capital investment. Australia’s economy grew by 0.8% in 2024, amid global economic uncertainties, inflationary pressures and interest rate adjustments. Australia’s economy is expected to recover gradually in 2025, with GDP growth projected to be between 2.0% and 2.5%.
Global success in key industries – Australia is globally successful in key industries such as energy and resources, agribusiness, education, tourism and healthcare services. Australia is among the world’s largest producers of gold, iron ore and uranium and a major producer of agricultural commodities.
Innovative and highly skilled – Australia is ranked 11th in the world for global entrepreneurship, and 23rd for innovative capabilities. Our population is highly educated (with over 50% of the workforce having a tertiary qualification), culturally diverse and multilingual (where nearly 30% of the population was born overseas).
Globally integrated – Australia has an open trading economy with strong business and cultural ties to Asia. Australia’s top 5 trading partners are China, USA, Japan, South Korea and India. Asia continues to dominate Australia’s two-way trade flows with 65.2% of the market.
Ease of doing business – Australia is ranked 13th in the world for economic freedom. Our sound governance and democratic institutions create certainty for foreign investment. We have an economy that is resilient to economic cycles and Australia is a great place to live and work, with five Australian cities ranked in the global top 30 for quality of living.
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