Understanding Australia’s Business and Consumer Environment: A Guide for Successful Business Down Under
How will Australia’s economy, business environment and consumer trends impact the success of your business? This e-book examines the fundamentals businesses must understand to successfully expand or operate in Australia.
Heralded as the success story among advanced economies
for weathering the global economic downturn of 2008-2009, Australia’s high
income levels and steady growth offer good opportunities for consumer goods and
services in a wide range of sectors.
- At the height of the global slowdown, advanced economies as a
whole contracted by 3.5% – contrasting with Australia’s 1.4% growth.
- Whereas incomes and consumer expenditure have stagnated across
many advanced economies, Australia’s per capita disposable income and
expenditure have expanded by 9.8% and 3.5% respectively in real terms
- In 2012, Australia was ranked 15 out of 183 economies on the
World Bank’s Ease of Doing Business Index, meaning it is the fifteenth
easiest place in the world to start and operate a local firm.
- Australia has an educated population: 99.9% of adults (those
aged 15+) were literate in 2011, but suffers from skills shortages.
- In 2011, the population aged 45-49 in Australia had the
highest average gross income: A$77,810 (US$80,259).
- Ease of doing business rating
- Corruption index
- Literacy rate
- Future challenges
- Natural resources
- Media consumption
- Consumer trends