Australia ranks sixth in world FDI confidence index
04 Jul 2013
Australia ranked sixth in AT Kearney’s 2013 Foreign Direct Investment (FDI) Confidence Index for a second straight year as the nation’s natural resources attracted the attention of hundreds of executives in companies with combined annual revenue of more than US$2 trillion.
“Australia remains in 6th place in the Index as continued resource development drives economic growth,” AT Kearney said.
Australia has moved up steadily in the FDI Confidence Index from 11th place in 2007. The rise dovetails with AT Kearney’s assessment of a return to optimism, based on the survey results.
“This year 70 per cent of corporate investors surveyed expect near-term recovery of their companies' FDI levels,” AT Kearney said.
“Half see their budgets as already returned to pre-crisis levels and 20 per cent expect a return by 2014. If this were to happen, the FDI swell could provide a knock-on effect to global growth as macroeconomic clouds clear away,” the consultancy said in a statement.
The FDI Confidence Index, compiled since 1998, examines where global investment is likely to land. It ranks countries on how political, economic, and regulatory changes will affect FDI, based on the views of more than 300 executives in 28 countries, AT Kearney said on its website.
The Australian Trade Commission (Austrade) is proactively promoting opportunities in key sectors of clean energy; innovation; major infrastructure; tourism infrastructure; agricultural science, food technology and processing; resources technology, services and processing; and digital ICT.