Growth
“Australia’s long period of uninterrupted economic growth makes it the Iron Man among the OECD countries,”
Angel Gurría, OECD Secretary-General, 14 December 2012 on OECD Economic Survey of Australia
Built on 22 years of uninterrupted annual growth, Australia’s robust and diverse economy is the only economy to consistently rank in the world’s top five most resilient economies since 2008.
Australia’s growth is underpinned by its strong trade ties with Asia, Europe and the Americas.
Australia is ‘triple A’ rated by all three major global ratings agencies. Real Gross Domestic Product (GDP) growth is projected to outperform every major advanced economy to 2018.
For investors looking for growth opportunities in a low-risk environment, these fundamentals provide confidence.
Growth Credentials
- 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).
- Australia ranks as the world’s third largest energy export producer (International Energy Agency, Key World Energy Statistics 2012).
- Australia is much more than mining and resources: more than 80 per cent of its economy is services based.
- Australia has recorded 22 years of uninterrupted annual growth from 1991 to 2012, an achievement unequalled by any other developed economy (IMF World Economic Outlook Database 2012).