WA Investments

Australia a top place for trade and investment: report

13 August 2024 All Investment Types Industry Sectors

Back to news

Australia continues to be an ideal destination for trade and investment, a new Austrade report reveals.

The 2024 Why Australia Benchmark Report outlines Australia’s competitive advantages, drawing on key economic, financial, social and demographic data.

Fundamentals of Australia’s trade and investment landscape:

  • Economic strength: The 13th largest economy and current forecasts predict 11.1% growth from 2019 to 2024, which is much stronger than the average 7.8% for advanced economies. In 2023, Australia’s gross domestic product (GDP) reached $2.6 trillion, accounting for 1.7% of the global economy despite housing 0.3% of the world’s population.
  • Low taxes: With one of the lowest overall tax rates of high-income countries, Australia’s tax revenue is equal to 29% of GDP, which is five percentage points lower than the 34% average for OECD countries.
  • Global ties and open markets: 18 free trade agreements (FTAs) in place including with the United States, China, Japan, India and most countries in the Asia-Pacific region. Foreign investment in Australia has grown by 7.7% per year since 2003, reaching $4.7t in 2023.
  • Strong governance: Recognised globally for its fair and transparent legal system, low social unrest risk and strong regulatory and bureaucratic systems.
  • Renewable energy investment: The fifth most attractive destination for investment in renewable energy, second largest exporter of energy and resources and the sixth largest producer of solar energy.
  • Mineral resources: One of the world’s largest and most reliable suppliers of minerals, including the biggest producer of iron ore and lithium. About 80% of Australia’s land is still largely unexplored, offering vast potential for discovering new mineral deposits.
  • Skills and innovation: Ranked number one for skills using, adopting and adapting frontier technologies.

“The report highlights Australia’s reputation as a transparent, open, stable, globally connected economy, and it is the reason we’re a leading destination for innovative start-ups, research organisations and large multinationals,” says Austrade CEO Xavier Simonet.

“Australia has preferential market access to the dynamic Asia-Pacific, and geographically, has the fast-growing Southeast Asia region on our doorstep.

“The report also emphasises Australia’s strengths as a global leader in renewable energy, with significant opportunities for investors in renewable hydrogen, critical minerals, green metals and manufacturing.”

The Austrade report is a key resource for decision-makers involved in global foreign investment.

Back to news

Contact usAll fields are mandatory

 

"*" indicates required fields

Contact Person*
Confirmation*
This field is for validation purposes and should be left unchanged.

Stay connected + up to dateMandatory fields are marked with *

 

"*" indicates required fields

Contact Person*
What Industry Sector(s) Are You Interested in?
Confirmation*
This field is for validation purposes and should be left unchanged.

Guide on creating an investment project

1. Add investment project details

Tell investors about your investment project:

  • Describe your investment opportunity sufficiently for potential investors to understand the project and why you are seeking external funds of investment.
  • Articulate your investor proposition. This is your opportunity to share your story and your vision to an engaged investor audience.
  • Provide specific information in relation to the investment project – corporate entity/ownership, ABN / ACN, trading names investment value, investment type/sector and region,
  • Describe whether or not the investment project has an indigenous involvement and/or engagement.
  • Upload quality images and video link if you have them.
  • Provide location details (optional) so we can put it on a map.
  • Provide primary contact details to receive potential investor enquiries.Upload any other project information that you want potential investors to download that supports your investor proposition or "investment pitch".

2. State the impact and alignment of your project to WA investment strategies

When you create your Investment Project you will need to provide details on how it aligns with WA State Governments business sentiment and investment strategies – for example, the impact on jobs, tourism and the Western Australian economy.

3. Submit your investment project for review

Your investment project will be reviewed by our panel to ensure your investment opportunity is an "investment ready" project and satisfies our guidelines and approval process.

Investment ready means that the investment proponent has a clearly articulated business and/or project plan which demonstrates:

  • project feasibility and delivery, including risk management.
  • the strength, experience, capabilities and capacity to execute the proposed project;
  • a growth plan, and how that growth will be funded;
  • how the investment proponent will need to be in the correct business structure.

3. Submit your project for review

We will review your Project Brief and work with you to make sure it is ready for investors.

4. Approval and listing

We communicate with you via email as you create, save, submit and revise your investment opportunity. Our team may contact you directly during the review and revision process. We will always confirm by email after your investment project has been approved by us for listing.

By registering an investment opportunity on the website, you agree to the Terms and Conditions and acknowledge that you have read and agree to the Terms and Conditions, Disclaimer, Privacy and Copyright policies that are available on the Site.