Strong Foundations

In an uncertain world, Australia is a safe and secure place to invest and do business.

The country’s sound governance, solid democratic institutions and transparent regulatory system underpin its economic resilience and minimise sovereign risk.

Ranked fifth in the world for economic freedom, Australia’s efficient business frameworks make it relatively easy for multinationals to set up their operations.

 
Australia offers:

  • a business environment that is ranked 14th out of 190 economies for ease of doing business
  • a robust regulatory system noted for its institutional frameworks and finance and banking regulations
  • a stable political system and strong control of corruption
  • a high quality of life that is rated in the world's top 10.
Ranked 5th in the world for economic freedom

Charts from the Benchmark Report

The Australia Benchmark Report provides rich data demonstrating why there is no better place than Australia to do business. The report examines five key reasons for investing in Australia – Robust Economy, Dynamic Industries, Innovation and Skills, Global Ties and Strong Foundations – and compares Australia’s credentials with other countries.

Charts can be downloaded and saved as images for use in reports and presentations (when using please reference www.austrade.gov.au)

An Attractive Place to do Business
1. An Attractive Place To Do Business
Australia is one of the easiest places in the world to do business, ranking 14th out of 190 economies. It takes around 2.5 days and a minimum of three procedures to start a business. The country also ranks particularly well for enforcing contracts (3rd globally), getting credit (6th) and dealing with construction permits (6th).
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Fourth Largest Pension System in the the World
2. Fourth Largest Pension System in the World
Australia’s A$1.6 trillion pension (superannuation) system is the fourth largest in the world and a major driver behind the country’s rapidly expanding, globally significant managed funds industry. This investible pool of pension assets has one of the highest growth rates in the world and, according to Deloitte’s Dynamics of the Australian Superannuation System report, is projected to reach A$4 trillion in the next 10 years and A$9.5 trillion by 2035.
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Stable, Friendly and Efficient Business Environment
3. Stable, Friendly and Efficient Business Environment
Australia has one of the world’s most robust regulatory environments and is rated among the most business-friendly economies. The country is ranked highly in terms of legal rights, the soundness of its banks, the regulation of securities exchanges and the efficacy of corporate boards. Australia is also in the world’s top 10 for its business legislation (tariff on imports and protectionism) and judicial independence.
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Good Governance and Strong Institutions
4. Good Governance and Strong Institutions
The quality of governance in Australia ranks among the best in the world. The country’s strong governance and stable institutions are key to sustaining economic growth and security, providing assurance for multinationals expanding their businesses or considering Australia as a base in the Asian region.
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Cost-Competitive Location for Office Space
5. Cost-competitive Location for Office Space
Prime office space in Australia (using an average of all major cities) is among the most competitively priced in the world, and compares favourably to global and regional business centres. The cost of prime office space in Sydney is around a third of the cost of Hong Kong SAR (Central) and half of those in New York (Midtown Manhattan) and London (West End). The average office cost in Melbourne is also inexpensive relative to Beijing, Tokyo, Shanghai and Singapore.
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Enviable Quality of Life
6. Enviable Quality of Life
Australia’s major cities enjoy some of the highest quality of living in the world. Sydney ranks 10th globally, Melbourne 16th and Perth 22nd in Mercer’s 2017 Quality of Living Rankings. These three cities top the rankings across the Asian region, well above Singapore (25th), Tokyo (47th), Hong Kong SAR (71st), Shanghai (102nd), Beijing (119th) and Mumbai (154th).
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