Australia’s economic resilience and potential provide a safe, low-risk environment in which to do business. Over the past 22 years, Australia has experienced economic growth at a real GDP average growth rate of 3.4 per cent per annum, unmatched by any other major advanced economy. This growth is largely driven by Australia’s position within the booming Asia-Pacific region and its strong economic foundations and globally significant industries, including agribusiness, education, mining, tourism and wealth management.
APBC Partners
Australian Economy At a Glance
- 12th largest economy in the world
- In its 23rd year of uninterrupted annual growth
- Rated triple ‘A’ by all three global rating agencies
- Forecast to have average annual real GDP growth of 2.8 per cent between 2013 to 2019
- Increasingly tied to fast-growing economies in Asia
- Supported by high productivity levels, with 16 out of 20 industries rating above the global average
- Diversified and services-based
- An important contributor to five sectors expected to drive future global growth: agribusiness, education, tourism, mining and wealth management
Source: Austrade