RECENT NEWS
BusinessWeek  4 hrs ago  Comment 
Australia said the new managing director of the International Monetary Fund should be picked on “merit” and that the convention of selecting only Europeans for the post is outdated.
Sydney Morning Herald  5 hrs ago  Comment 
Sydney Morning Herald  5 hrs ago  Comment 
Australia's Royal Flying Doctor Service will share in about $1.52 million donated to charity groups as a gift to royal newlyweds the Duke and Duchess of Cambridge.
Sydney Morning Herald  5 hrs ago  Comment 
One of Australia's biggest blue-chip stockbroking firms has posted a loss for the second year running, underscoring the tough conditions that have persisted for retail brokers.
Sydney Morning Herald  5 hrs ago  Comment 
It is fair to say that the best boardrooms across Australia are acutely focused on the corporate regulator's pursuit of Centro directors. If they are not, they bleeding well should be.
Sydney Morning Herald  5 hrs ago  Comment 
A local version of this format was a no-brainer and, thankfully, the producers have so far got it right.
Wall Street Sector Selector  6 hrs ago  Comment 
We said goodbye to a very old friend in the portfolio this week (going back to 2003-old in a couple of instances) as we existed Australia on the equity side of the portfolio. We sold Australia & New Zealand Bank (ANZBY) for large accounts and we...
Sydney Morning Herald  11 hrs ago  Comment 
China is on track to become the world's largest economy and Australia is well placed to meet it's changing needs, Kevin Rudd says
Sydney Morning Herald  May 22  Comment 
One of Australia's largest home and business electricity suppliers, TRUenergy, has warned that household power bills will double in six years after a carbon price is introduced and uncertainty over its implementation might lead to power shortages.
Sydney Morning Herald  May 22  Comment 
Federal Treasurer Wayne Swan has taken another pot shot at Western Australia, claiming the state could run a deficit over the next four years.
Sydney Morning Herald  May 22  Comment 
Kostya Tszyu wants to bring his Russian fighter Denis Lebedev to Australia to take on Danny Green after he knocked out Roy Jones Jnr.




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Australia is the 14th largest nation by GDP [1] with 1,010,699USD million.

Trends and Forces

Foreign Direct Investment (FDI) in Australia has been growing

Over the last five years, inward FDI stock has increased by an average of 9.1 per cent per annum. [2]

Strategic location

Australia is well placed to capitalise on growth in China and India. Its relative proximity to these two countries, plus already strong trade links, mean that Australia’s geographic location now represents a significant asset. [3]

Strong financial services sector

Finance and insurance is the fourth largest sector in Australia's economy, generating 8.1 per cent or A$81 billion of real gross value added in 2007-08. This contribution is up from 6.5 per cent two decades ago. The finance and insurance industry is almost as big as the mining sector (the industry traditionally associated with Australia's economic wellbeing) and its expansion has also aided growth in related sectors such as communications, property and business services. [4]

R&D investment

In 2005-06, business expenditure on research and development increased for the seventh consecutive year to a record $10.1 billion, effectively doubling over the previous five years[5].

References

  1. International Monetary Fund
  2. Austrade, page on Foreign investment
  3. Austrade, page on Strategic location
  4. Strong and Sophisticated Financial Services Sector
  5. Culture of innovation

Related Links



Companies in the Investing in Australia Industry (1696)

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