9 / 24
Business View Australia - February 2015 9
With solid economic credentials and a positive outlook for growth, Australia is
a great place to do business.
Australia’s strong economic growth, highly skilled workforce and world-class re-
search and development (R&D) capabilities create a wide range of investment
opportunities. The country is well into its 23rd consecutive year of annual eco-
nomic growth and its average real GDP growth from 2013 to 2019 is expected
to exceed all other major advanced economies.
Although Australia is known worldwide for its mining industry and abundant
resources, its predominantly services-based economy consists of numerous
globally significant industries, many of which are growing in size and reputation.
Australia’s trade, investment and cultural links with the fast-growing Asia-Pa-
cific region are a major reason for its ongoing growth. Australia also has well-
established links with traditional trading partner nations and a status as one of
the world’s most transparent and well-regulated business environments.
For investors, there is no better place to do business.
Australia’s economic resilience and potential provide a safe, low-risk environ-
ment in which to do business.
Over the past 22 years, Australia has experienced economic growth at a real
GDP average growth rate of 3.4 per cent per annum, unmatched by any other
major advanced economy.
This growth is largely driven by Australia’s position within the booming Asia-
Pacific region and its strong economic foundations and globally significant in-
dustries, including agribusiness, education, mining, tourism and wealth man-
agement.