Foreign investments in Australia are common, given its great economic culture. Being the open well-regulated economy that Australia is with a highly skilled workforce, it is known to have a phenomenal reputation for Australian investment opportunities.
For decades, the Australian economy has outnumbered its peers and has strived to achieve great success in the primary industries contributing to the economy. With the help of foreign investments, Australia works towards achieving its economic potential and providing capital to kickstart new sectors.
Additionally, it tries to expand the existing industries and boost the infrastructure along with the productivity of different sectors. This also paves the way out for additional employment opportunities. There are more benefits to shed light upon. Here are some more of them.
Growing FDI
Over the years, Australian investment opportunities have peaked by 155% to more than $279 billion. However, this was only till June 2007. There was another increase of 29% between 2006 and 2007. Almost rapidly, Australia became the fifth largest net FDI recipient in the OECD.
With such high numbers, it is apparently beneficial to invest in the Foreign Direct Investment of Australia.
Strong Economic Position
Australia has been marked as the most resilient economy worldwide for the past few years. Additionally, the OECD believes that Australia’s economy will remain beyond the OECD growth rate of 2.7% in the coming years.
Further, it has been ranked as one of the top three countries in the Asia-Pacific region, considering its economic stand. With such positions in the financial sector, it is integral for the various sectors to move towards their goal sooner with the investment opportunities.
Democratic and Politically Stable
When you decide about investing in Australian assets, you benefit from associating with a politically stable country. Evidently, Australia is the fourth lowest in the WCY. The justice system of Australia is practically the second-best in the region, with the fifth-best competition legislation in the world.
Business Friendly Regulatory Environment
Australia is known to be the fastest-paced economy when it comes to business and regulatory procedures. For instance, it would take only about two days more than the OECD, which takes 15 days.
Additionally, you face only fewer restrictions on the product market with the least public ownership of the business. With such fewer restrictions on the business regulation on economic behavior, it becomes significantly easy and exciting to invest in Australian business opportunities.
Furthermore, investing in Australia also contributes to the overall economy, thus, making an indirect economic impact on the world.
Summing Up
Being the resource-rich country that Australia is, it is highly in demand for capital. Additionally, foreign investments bridge the gap between the savings and assets of the country every year. The national investment of the country and the savings gap accounts for an average of 4% of the GDP for the last few decades.
Australian investment opportunities mark the boundaries of domestic savings and foreign investment with funds through investment. Without foreign direct investment, Australia would partially secure a high rank in the economy, attaining its full potential.
Without these investments, Australia would be less on funds for hospitals, schools, roads, and other government services. Such contributions and investments to the country’s GDP make up a part of the world’s economy while allowing Australia to secure a better stand at the financial level.