The annual publication by the Australian Trade and Investment Commission (Austrade) presents key economic, financial and demographic data and shows how Australia’s resilient economy, coupled with sound governance and solid institutions, make it a safe, secure and rewarding place to invest and do business.
Australia’s robust economy is in its 27th year of consecutive annual economic growth—the only developed economy in the world to achieve this distinction. Over the next five years, Australia is expected to realise annual real GDP growth of 2.8 per cent—the highest among major advanced economies.
This year’s edition also examines the five dynamic industries in which Australia has the capacity and capabilities to provide goods and services to the world: resources, food, education, tourism and financial services. The country’s niche capabilities in disruptive technologies such as automation and quantum computing are also attracting global attention.
The report showcases the strong foundations that support Australia’s credentials as a low-risk destination to locate a business, as well as the country’s global ties, which facilitate the smooth flow of goods, services and investments with Asia, Europe and North America.
Finally, the report includes a section on Australia’s innovation and skills, demonstrating how the country is an ideal environment for cultivating and testing new ideas.