Australia enjoys many advantages compared with other countries seeking foreign investment. These include:
Consistent economic growth
Australia has entered its 26th year of uninterrupted annual growth since 1990, an achievement unequalled by any other developed economy (Australian Bureau of Statistics, 2015-16).
Highly skilled workforce
Australia has the sixth highest proportion of 25-64 year olds with tertiary qualifications in 2015 –
(OECD Education at a Glance 2016).
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 Australia ranking eighth in 2015 (The Worldwide Governance Indicators, 2016).
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 second on the number of new businesses in 2014 – (World Bank Development Indicators).