Why Australia

Australia is a world-leading business destination with a resilient and growing economy, political stability, a well-regulated business environment & viable GDP Projections.

Uninterrupted economic growth;

Transparent and well-regulated business environment;

Politically stable with a regulatory framework that provides investor security;

Internationally ranked in the top 20 countries in a wide range of indexes including: economic growth and stability, international trade, investment and education;

Access to fast growing regions of the world;

Australia is a top 20 country – Trade & Investment Publication December 2019

Australia is renowned as a country that punches well above its weight across a broad range of measures against global counterparts. The measures outlined below highlight just how Australia ranks as a top 20 country across a wide range of indexes including the economy, international trade, investment, education and other global indexes.

Economy

• Australia has completed 28 consecutive years of annual economic growth, one of the few economies in the post-WWII period to achieve this — (2018-19) (Australian Bureau of Statistics)
• Australia is the wealthiest nation in terms of median wealth per adult, ahead of Hong Kong, New Zealand and Switzerland — (2019) (Global Wealth Report, Credit Suisse)
• Australia is the 2nd largest (after New Zealand) in the capability to withstand/benefit from disruptive forces and the 5th largest for traditional economic drivers — (2019) (Bloomberg Businessweek)
• Australia is ranked 5th for resilience in its economy — (2019) (IMD World Competitiveness Country Profile)
• Australia has the world’s 6th largest pool of investment funds under management (US$2.1 trillion). However, within the Asia-Pacific region Australia is ranked 1st — (2018-19) (Investment Company Institute)
• Australia is estimated to have the world’s 14th highest GDP and 11th highest GDP per capita (in US dollar terms) — (2018) (International Monetary Fund)
• The Australian Stock Exchange is the 16th largest stock exchange in the world (by domestic market capitalisation) — (2018) (World Federation of Exchanges)

International Trade and Investment

Australia is the number one global exporter of iron ore and coal, 2^nd largest exporter of aluminium ores, unwrought lead and zinc ores and 3^rd largest exporter of copper ores (by value) — (2018) (United Nations Comtrade database)

Australia is the largest global exporter of wool and 4^th largest exporter of cotton (by value) — (2018) (United Nations Comtrade database)

Australia is the 2^nd largest global exporter of liquefied natural gas (LNG) (by quantity) — (2018) (Department of Industry, Innovation & Science)

Australia is the 12th largest exporter of dairy products, 15^th largest exporter of oleaginous fruit and 16^th largest global exporter of vegetables (by value) — (2018) (United Nations Comtrade database)

Australia is the 5^th largest global exporter of pearls, zircon and silver and 6^th largest exporter of gold (by value) — (2018) (United Nations Comtrade database)

Australia is the 13th largest exporter of orthopaedic appliances (by value) — (2018) (United Nations Comtrade database)

Australia is the 2^nd largest exporter of beef, 3^rd largest exporter of lentils, 4^th largest exporter of sugar, and 10^th largest exporter of cereals (by value) — (2018) (United Nations Comtrade database)

Australia receives the 8^th largest international tourist spend from overseas visitors (US$44.0 billion) — (2017) (United Nations World Development Indicators)

Australia is the 4^th largest global exporter of wine (by value) — (2018) (United Nations Comtrade database)

Australia attracted the 14^th largest amount of inward Foreign Direct Investment (FDI) and Australian investors contributed the 17^th highest amount of outward FDI globally (based on FDI stocks)— (2018) (United Nations Conference on Trade and Development — UNCTAD

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We believe it’s important for Australia’s business community to connect with offshore business communities in order to expand business, trade and investment activities and strengthen bilateral relations.

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Doing Business

• Australia is ranked 5th on the Web Participation Index — (2018) (World Wide Web Foundation)
• Australia is ranked 5th for economic freedom — (2019) (Index of Economic Freedom)
• Australia is ranked 5th on the Global Entrepreneurship Index — (2018) (The Global Entrepreneurship and Development Institute)
• Australia is ranked 5th on economic resilience — (2019) (IMD World Competitiveness Yearbook)
• Australia is ranked 6th on business environment for 2020-24 — (Economist Intelligence Unit)
• Australia is ranked 12th on the Global Talent Competitiveness Index — (2019) (INSEAD Global Talent Competitiveness Index Report)
• Australia is ranked 13th on the number of trademark applications filed by residents — (2017) (World Bank)
• Australia is ranked 14th on world digital competitiveness — (2019) (IMD World Digital Competitiveness Rankings)
• Australia is ranked 14th on ease of doing business — (2020) (World Bank Group)
• Australia is ranked 16th on world talent (2019) (IMD World Talent Ranking)
• Australia is ranked 18th on world competitiveness (2019) (IMD World Competitiveness Yearbook)
• Lord Howe Island in Australia ranked 5th as a top region to visit — (2020) (Lonely Plant, Best in Travel)
• Australia is ranked 7th on the Travel & Tourism Competitiveness Index (2019) (World Economic Forum)
• Australia is ranked equal 9th (with Iceland and New Zealand) on the Passport Index with 181 visa-free access destinations — (2019) (Henley & Partners)
• Australia is ranked 11th on the Food Sustainability Index — (2018) (Economic Intelligence Unit)
• Australians have the 13th highest life expectancy — (2017) (World Bank World Development Indicators)
• Australia was ranked 16th for organ donation rates — (2017) (ShareLife)
• Australia is ranked 17th globally on prosperity — (2018) (Legatum Institute)
• Australia had the highest medal tally at the 2018 Commonwealth Games with 80 gold, 59 silver and 59 bronze medals — (2018) (Gold Coast 2018 XXI Commonwealth Games)

Governance and Human Development

Australia is ranked 6^th on the UN’s Human Development Index after Norway and Switzerland (2018) (United Nations Development Programme)

Australia is ranked 9^th on the Inclusive Development Index– (2018) (World Economic Forum, the Inclusive Development Index)

Australia is ranked 9^th on the Democracy Index — (2018) (Economic Intelligence Unit)

Australia is ranked 11th on the Rule of Law Index — (2019) (World Justice Project)

Australia is ranked 11th on the Rule of Law Index — (2019) (World Justice Project)

Australia is ranked 13th on transparency (low incidence of corruption) — (2018) (Transparency International)