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INVESTMENT
AustrAliA
- a safe destination
for investment.
econom
Australia offers a resilient economy, stable democracy, great
lifestyle and a highly skilled workforce, making it an outstanding
investment destination.
Land of opportunity
took advantage of the favorable environment
Australia offers a wealth of opportunity for and eliminated its net debt. (IMF: Article IV
businesses to prosper. Its unparalleled economic Consultation with Australia, August 2009)
record, world-class industry capabilities and l The global financial crisis has not hit real activity
unique cultural and geographic advantages all in Australia as hard as in many other advanced
form part of Australia’s impressive reputation as economies with Australia becoming the first
an investment destination in the worlds fastest developed economy to raise rates since the
growing region. crisis begun.
l Among Countries with a population of 20 million
Australia’s economy – the facts:
or more, Australia ranks third in the world,
y
l Over the last five years, the stock of foreign behind only the United States and Canada. With
direct investment (FDI) in Australia has increased economic growth of 2.5 per cent in 2008 and
by an average of 9.1 per cent per annum. As of forecast of 0.7 per cent and 2 per cent in 2009
31 December 2008, the stock of inward FDI in and 2010, Australia will continue to expand more
Australia was A$392.9 billion. (Australian Bureau rapidly than most other OECD economies. (IMF
of Statistics 53520 – International Investment World Economic Outlook October 2009)
Position, Australia: Supplementary Statistics 2008) l While the resource sector is booming, Australia
l Australia attracts a high level of FDI compared still is predominantly a services-based economy,
to other developed economies. The ratio of with services accounting for approximately
FDI to GDP is almost 35 per cent which is well 70 per cent of economic activity. (Central
above the average for comparable developed Intelligence Agency World Factbook 2009)
economies of 27 per cent. (UNCTAD World l Australia has the second best quality of life
Investment Report 2008) in the world and could become first in 2010
l In AT Kearney’s FDI Confidence Index 2007, according to the United Nations. (United Nations
Australia remained in the top 12 most preferred Development Program’s Human Development
investment destinations worldwide. The United Report 2009)
Nations Conference on Trade and Development l According to the World Bank Australia is ranked
has reinforced Australia’s performance setting as the 9th best place in the world to do business.
Australia in top 8 most attractive countries for FDI A new business can be established in the country
by factors favoring investment. (UNCTAD World in 2 days while de OECD average is 13 days.
Investment Prospectus Survey 2007-2009) (World Bank 2009)
l Australia’s economy is ranked as the 7th most
competitive economy in the world. (IMD World Reforms to the labour market, business taxation, and
Competitiveness Yearbook 2009) competition and protection policy have shaped an
l The economy is now in its seventeenth year of economy well-equipped to respond swiftly to global
uninterrupted growth averaging 3.3 per cent a trends and pressures. The OECD has noted that
year. (1992-2009) reforms to the labour market in particular have made
l Australia was in a strong economic position at the Australia more adaptable to changes in the economic
onset of the global recession. National income environment. There is no doubt that the Australian
was boosted in recent years by a commodity economy is the perfect platform for investment and
price boom and the Commonwealth Government business growth.
INVEST IN AUSTRALIA – INDIA 21
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