The Australian Trade Commission has just released a new report on the Australian Economy.
Australia’s strong economic growth, highly skilled workforce and world-class research and development (R&D) capabilities create a wide range of investment opportunities. The country is well into its 23rd consecutive year of annual economic growth and its average real GDP growth from 2013 to 2019 is expected to exceed all other major advanced economies.
Although Australia is known worldwide for its mining industry and abundant resources, its predominantly services-based economy consists of numerous globally significant industries, many of which are growing in size and reputation.
Australia’s trade, investment and cultural links with the fast-growing Asia-Pacific region are a major reason for its ongoing growth. Australia also has well-established links with traditional trading partner nations and a status as one of the world’s most transparent and well-regulated business environments.