Australia – It’s not just a great place to come for A Holiday… It’s also a FANTASTIC place to do business…
Australia has entered its 28th year of consecutive annual economic growth, setting a new record among developed economies for uninterrupted expansion.
This enviable record of steady growth proves the robustness of Australia’s economy and its reliability as a low-risk and safe environment in which to do business.
The country’s strong regulatory institutions, ability to respond to global changes, and diversified, services-based economy underpin its steady growth.
Australia’s economy is:
- The world’s 14th largest.
- Rated AAA with a stable outlook by all three global rating agencies.
- Forecast to realise average annual real GDP growth of 2.7% over the next five years – the highest among major advanced economies.
- Characterised by diverse services and technology sectors and low government debt.
Charts from the Benchmark Report.
The Australia Benchmark Report provides rich data demonstrating why there is no better place than Australia to do business. The report examines five key reasons for investing in Australia – Robust Economy, Dynamic Industries, Innovation and Skills, Global Ties and Strong Foundations – and compares Australia’s credentials with other countries.
Charts can be downloaded and saved as images for use in reports and presentations (when using please reference www.austrade.gov.in)
DID YOU KNOW?
Australia is the only major developed economy to have recorded no annual recessions from 1992 to 2018.