2014 benchmarking report highlights Australia’s strengths as an investment destination
15 Jan 2014
The 2014 Austrade Benchmark Report, which presents Australia’s attractiveness as a business and investment destination, was launched by Australian Minister for Trade and Investment, Mr Andrew Robb today.
Using key economic, financial and demographic data, the report will assist potential foreign investors to evaluate Australia’s economic credentials against similar economies and to understand the investment opportunities Australia presents.
“Strong economic fundamentals combined with our proximity and experience in working with high growth Asian nations, make Australia an excellent place to do business,” Mr Robb said.
“Our educated, multicultural and multi-lingual workforce, world class research institutions and generous R&D tax incentives make Australia an attractive investment destination," he said.
With a GDP of US$1.5 trillion, Australia is the 12th largest economy in the world and 4th largest in the Asia region.
Australia’s proximity and strong economic and cultural ties with Asia make it an ideal base for expansion in the region. Ten of Australia’s top 12 export markets are in Asia.
Australia is a leader in five key global growth sectors: education, resources, agriculture, tourism and funds management; has the third largest pool of investment funds under management; and remains a major supplier of agricultural and mining commodities. In addition, Australia ranks in the top five global destinations for international students and inbound tourism is growing strongly.
The report was launched at the US-Australian Dialogue: Partners in the Asia-Pacific in Los Angeles to an audience of policy makers, Fortune 500 companies, academics, investors, economists and national security experts.
Download the 2014 Benchmark Report