Produced by the Australian Trade Commission (Austrade), the annual report presents key economic, financial and demographic data to highlight Australia’s competitive strengths as a major player in global trade and investment.
Speaking at the inaugural Australia India Business Summit in New Delhi, Mr Robb said, ‘Behind Australia’s commercial strengths is a great economic and social story.
‘The Benchmark Report contains some of the best measures of why Australia is such a good economic partner and an ideal investment destination.’
Australia offers international investors a combination of solid economic performance, a highly skilled workforce, legal and political stability, and growing business and cultural ties to Asia.
The country is entering its 24th year of uninterrupted annual economic growth and its average annual real GDP growth between 2015 and 2019 is expected to be the highest among major advanced economies. Its services sector generates more than 80 per cent of its economic output.
New to the 2015 edition is a set of charts that provides snapshots of Australia’s five globally significant industries – agribusiness, education, funds management, resources and energy, and tourism.
The report also highlights Australia’s advanced research and innovation capabilities; educated and multicultural workforce; trade, investment and cultural links within the fast-growing Asian region; stable, transparent and well-regulated business environment; and sophisticated financial sector.