Open, prosperous and talented, Australia is a hub for trade and investment. Our economy is projected to grow by 1.6% in 2023. Trade topped A$1 trillion in 2021–22. Foreign investment has grown by 7% every year for the last decade.
And our 17 free trade agreements give us preferential access to the world’s major economies, including India.
Austrade’s Why Australia Benchmark Report 2023 delves into the fundamentals that make Australia a top business destination, including our highly skilled workforce.
This year, the report has a new section on Australia’s renewable energy opportunities. Australia has vast wind and solar resources and large mineral reserves to power the world’s transition to net zero. We have over 100 hydrogen projects in the pipeline.
With strong economic fundamentals, supportive policies and a skilled, innovative workforce, now is the time to invest in Australia.