WHY AUSTRALIA
BENCHMARK REPORT 2016
WHY AUSTRALIA
25 YEARS OF CONSECUTIVE GROWTH. A SMART,
SKILLED WORKFORCE. A CULTURE OF INNOVATION.
INTEGRATED WITH ASIA, EUROPE AND NORTH AMERICA.
READY FOR BUSINESS.
GROWTH
INNOVATION
TALENT
LOCATION
BUSINESS
Australia offers a powerful combination of solid economic credentials, a highly educated labour force, legal and political stability, and proximity to the fast-growing markets of Asia.
With a resilient economy, a AAA sovereign risk profile and diverse, globally competitive industries,
Australia remains well placed to build on an impressive record of prosperity.
Australia has strong business and cultural ties with Asia, and longstanding trade, investment and research links in Europe and North
America.
Recently completed free trade agreements will make Australia even more competitive and further increase prospects for greater two-way investment. There are significant commercial opportunities in sectors where
Australia has specific strengths and expertise, such as agribusiness, resources and energy, and financial services. Australia’s north in particular offers untapped possibilities.
Australia’s world-class scientific and academic institutions, and commitment to research and development encourage innovation and the commercialisation of new technologies. There is no better partner for trade, investment and collaboration than
Australia.
01
SECTION
GROWTH
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Economic Resilience – Real GDP Growth
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Real GDP Growth by Economic Grouping
4
5
6
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Asian Economic Growth
7
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Productivity of Australian Industry Sectors Compared with Global Competitors
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Australia’s Real Gross Value Added by Industry
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Growth by Industry in Australia’s Real Gross Value Added
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General Government Net Debt
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