Australia

Australia is the world's 13th-largest economy and has the world's 5th-highest per capita income. A nation of over 20 million people, Australia is divided into six states and is divided into two mainland territories. Canberra is the official capital of Australia however Sydney is the most populous city with an estimated population of over 4.6 million.

Australia has one of the world’s best lifestyles with life expectancy at 83.5 years for females and 78.5 years for males. It has quality housing, extensive healthcare benefits and one of the best education and social systems in the world.

Population: 22,910,951 (2012 census estimated)
Currency: Australian Dollar
Time Zone: UTC +8 to +10.5

  • Australia has one of the strongest, most competitive, open and flexible economies in the world. Over the past 15 years, the standard of living in Australia has risen significantly, surpassing that of Canada, France, Germany, Italy, Japan, Russia and the United Kingdom.
  • Australia recently recorded its 21st consecutive year of economic growth, largely thanks to its abundance of agricultural and mineral resources. Asutralia's attractiveness as an investment destination is based on its long-standing economic ressilence, sound regulatory framework for business and stable political system.
  • Australia's research credentials, coupled with an advanced innovation framework, high levels of investment in research and development (R&D) and strong intellectual property protection make Australia a compelling destination to bring new ideas to life.
  • The International Monetary Fund (IMF) forecasts growth of three per cent in 2013, and an average annual rate of 3.2 per cent from 2012 to 2017.
  • Australia's real GDP growth is expected to outperform every major advanced economy to 2017 (IMF World Economic Outlook, Oct 2012).
  • By 2050 nearly two thirds of the world's production and consumption will take place within the Asia-Pacific region.
  • Australia's regulatory environment is ranked the world's best (INSEAD 2012 Global Innovation Index) making it the second easiest place in the world to set up a business (World Bank Doing Business 2013 report). Australia's financial sector has access to one of the world's largest pools of investment funds and is the third largest pool of bank assets in the Asia-Pacific region.
  • More than 18,000 foreign companies are registered in Australia, where a secure and transparent regulatory system provides investors with the predictability and certainty needed to start a business.
  • Imports were valued at $311.0 billion (2012)– since 2006-07, import values have increased by an average of 4.9 per cent per annum.
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