Australia is one of the happiest countries in the world and in the top highest life expectancy & environmental quality. Owning up to 3 cities in the list of 10 most livable cities in the world, Australia is famous for its excellent quality of life, stable political system, developed economy, and crowded job market.
There are 7.6 million foreigners living and working in Australia, accounting for nearly 30% of the Australian population, making this country the number one choice for immigrants.
|7,692 million km²||24,6 million people||English||AUD|
WHY INVEST IN AUSTRALIA?
1. Booming economy
According to the International Monetary Fund (IMF), Australia will outperform every other major advanced economy in the world in the next 5 years.
Trade is growing quickly. Strong commodity prices pushed minerals exports higher in 2021. In 2021, this led to a record-breaking trade surplus of more than A$120 billion. One of the most productive sectors of the global economy is agriculture. In 2022–2023, it’s expected to produce an export harvest worth a record A$65 billion.
2. Developed industry
Australia’s vibrant, technology-driven industries are complemented by abundant reserves of resources and energy. Australia has a competitive edge in international markets thanks to top tech skills. For instance, surveys currently place Australia’s fintech sector second in the Asia-Pacific area and sixth overall. In critical areas including banking, legislation, medical, and education, Australia has become a magnet for innovation investment.
3. Open Market
The key to Australia’s long-term success is Australia’s openness to commerce and investment. In the Asia-Pacific area, Australia has 16 free trade agreements and has played a key role in the creation of other regional trade agreements. This country is an ideal entry point for foreign investment because of our low tariffs and easy access to Asian markets. Over 70% of Australia’s trade is now with fast-growing economies in the Asia-Pacific region.
4. Dynamic Industries
Australia is recognized internationally for these 5 main sectors: Resources and energy, agribusiness, financial services, education, and tourism.
This country performs better than the rest of the world on average in 15 out of 20 industries. It is also the world’s top producer of coal, unwrought lead, and iron ore.
By 2019, it is anticipated to be the largest LNG (liquefied natural gas) exporter in the world. The value of all exports (goods and services combined) in the 2017 Financial Year increased by 17% to A$373.2 billion.
As a result, industry continues to dominate Australian business and drive
5. Unique Location
Though it may look a little isolated on a world map, Australia is anything but sad and lonely. Australia serves as a great hub for international trade and investment.
The majority of its export markets, which are high-growth markets in the Asia Pacific area, are nearby. Numerous agreements for international trade are also made possible by its position. It also benefits from time zone differences, where Australia bridges major world time zones. This can also be advantageous for international businesses since it gives them access 24 hours per day.
6. Talented Workers
The workforce in Australia is among the most educated and skilled in the world. Due to the excellent educational system and specialised training programs, the workforce is highly skilled.
The workforce is prepared with the necessary skills to support a wide range of business sectors and industries. They are renowned for their expertise in the finance industry in particular. The services industry, which includes financial and insurance services, healthcare, education and training, and information media and telecommunications, employs around 80% of the labour force.
It also has one of the most diverse and multilingual workforces since about 30% of the labour force was foreign-born.