Why invest in Australia?
Australia enjoys many advantages compared with other countries seeking foreign investment. These include:
Consistent economic growth
Australia has entered its 23rd year of uninterrupted annual growth from since 1991, an achievement unequalled by any other developed economy (IMF World Economic Outlook Database 2012).
Highly skilled workforce
Australia’s workforce is one of the most educated in the world with almost 40 per cent holding a tertiary qualification (ranking tenth in the OECD) and just under 2 per cent holding a doctorate (ranking ninth in the OECD).
Australia’s location gives us an edge in two ways – through strong geographic, trade and cultural links with the fast-growing Indo-Pacific region – and by providing a bridge with 24-hour connectivity between the world’s major time zones in Europe, Asia and the Americas.
The quality of governance in Australia is among the best in the world, with Australian ranking tenth in the World Bank’s Worldwide Governance Indicators in 2012.
Australia’s strategically located ports, well-planned rail and road transport networks and efficient logistics chains have been designed with the needs of business in mind.
A business-friendly environment
Australia is the fourth easiest place in the world to set up a business (World Bank Doing Business 2013 report). As a result more than 18,000 foreign companies are registered in Australia, including 18 of the top 20 Fortune Global 500 and eight of the top 10 Fortune 100.