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ENTERING 26 YEARS OF IMF, World Economic Outlook Database,
13TH LARGEST ECONOMY IMF, World Economic Outlook Database,
5TH LARGEST ECONOMY IMF, World Economic Outlook Database,
GDP: US$1.3 TRILLION
FORECAST AVERAGE ANNUAL IMF, World Economic Outlook Database,
AAA CREDIT RATING
POPULATION: 23.7 MILLION | Australia offers a powerful combination of solid economic performance, a diversified economy and low-risk environment in which to do business. Entering 26 years of uninterrupted economic growth and with a AAA sovereign risk profile, Australia is well positioned to continue growing. Despite the fact that it is home to only 0.3 per cent of the world's population, Australia's GDP accounts for 1.7 per cent of the world's economy.1 Australia's diversified economy means that no single sector contributes more than 10 per cent to the country's real gross value added. In 2014, major infrastructure industries accounted for around 10 per cent of the economy.2 Since 1992, the construction sector has been one of the fastest-growing sectors (on average) in the Australian economy, surpassed only by the information media/telecommunications and financial/insurance services sectors.3 'Australia is seen as a global leader in infrastructure, with a strong track record of infrastructure deals and highly knowledgeable participants. It is also perceived as a country with economic stability where it is easy to do business.' IPA Perpetual, Australian Infrastructure Investment Report 2015, October 2015. |