Austrade recently released a comprehensive and insightful document, Why Australia – Benchmark Report 2015.
The report provides up-to-date data on areas including growth across various industries, the strength of the university sector, Australia’s globally significant industries and engineering pipeline construction activity across the country.
According to the report, Australia offers a powerful combination of solid economic performance, a highly skilled workforce, legal and political stability and close ties to the fast-growing markets of Asia. It also noted that:
- Australia’s forecast economic growth rate from 2015-2019 is the highest among the world’s major advanced economies
- Despite being home to 0.3% of the world’s population, Australia is predicted to become the world’s 13th largest economy in 2015
- Our annual gross R&D expenditure rose 11% from 2001 to 2012, reaching $32 billion
- Australia is one of the most innovative countries in the world, among others including the US, Japan, France and Germany.
View the full report here