Australia is a nation of boundless opportunity and endless potential – it is very much ‘open for business’.
Australia’s foreign and trade policy promotes its security and long-term prosperity. It seeks to protect and advance its national interests in a rapidly changing environment, while supporting a stable global order. From establishment, Australia has been integrally involved in global efforts to build peace and security, and a catalyst for promoting global trade and investment liberalisation.
Australia prides itself on being a good international citizen, helping in times of crisis and supporting economic development wherever it is needed.
Australia is the 4th largest economy in the Asian region and is the 12th largest economy in the world.
Australia is replete with opportunities for investment and partnerships whether this be in its proposed International Enterprise Zones development, Infrastructure, Resources, Energy, Food Security and Agribusiness, Mixed Use property assets or general commercial expansion.
The infrastructure of government in Australia both Federally and State wide has created a stable and strong base for economic growth and investment. Although the country has a free market economy the contribution of the government is also very significant. This has made the country the second easiest economy for new business and third globally as being the easiest place to get credit for business.
Some specifications of Australia and its Economy as at July 2018 :
Full name: The Commonwealth of Australia
Form of Government: Federal Parliamentary Constitutional Monarchy
Population: (2021 estimate) 25,796,200
Area: 7,692,024 km2
States: New South Wales (NSW), Queensland (QLD), South Australia (SA), Tasmania (TAS), Victoria (VIC) and Western Australia (WA)
Mainland territories: the Australian Capital Territory (ACT) and the Northern Territory (NT)
Currency: Australian Dollar
Capital: Canberra
Fiscal year: 1st July to 30th June
GDP (PPP): $1,416 Trillion
Current GDP growth: 2.2%
Current Inflation rate: 1.73%