According to global measures, Australia
outperforms in three key world-of-business
metrics: we are one of the most business friendly
countries in the world; we have the
highest digital standard of living; and our
cities have a low cost of living compared
to major cities in the Asia-Pacific region.
Australian commerce thrives because our
economy is resilient. According to World
Economic Forum’s 2019 survey, Australia
outranks most developed countries for the
soundness of our banks. Before the onset
of the COVID-19 pandemic, we had one of
the lowest public debt-to-GDP ratio across
major developed economies.
Our regulation is transparent and efficient.
Resilience is based on the fundamentals
– good governance, strong institutions
and the rule of law. The World Bank gives
Australia some of the highest scores in the
Asia-Pacific for the integrity of its legal
system. In an uncertain world, this makes
Australia a secure destination for foreign
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 & 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)