Australia enjoys many advantages compared with other countries seeking foreign investment. These include:
Consistent economic growth
Australia has experienced 25 years of uninterrupted annual growth since 1990-91, an achievement unequalled by any other developed economy (IMF World Economic Outlook Database, 2015).
Highly skilled workforce
Australia has the sixth highest proportion of 25-64 year olds with tertiary qualifications –
(2014) (OECD Education at a Glance 2015).
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 ranked fourth on the number of new businesses – (2012) (World Bank Development Indicators).