Economy
Australia recorded its 18th consecutive year of growth in 2010 and according to the International Monetary Fund the country has the best economic prospects in the developed world. Here in Brisbane, the city is recognised as one of the top ten Asian cities of the future with an economy that powers the state of Queensland.
Australia
- Australia has the best economic prospects in the developed world according to the International Monetary Fund World Economic Outlook 2010.
- The year 2010 brought in Australia’s 18th consecutive year of economic expansion. Australia maintained stronger growth through the worst of the global financial crisis than any other advanced economy.
- The Dun & Bradstreet Global Risk Indicator rated Australia as one of the safest countries in the world in which to invest.
- Regulation of Australian financial markets is viewed internationally as a model of best practice.
- During 2009–2010 Australia’s nominal gross domestic product was reported as $1.23 trillion (AUD), recording gross domestic product growth of 3.3 per cent from the previous financial year.
- Australia recorded an eighth straight trade surplus in November 2010 at $1.9 billion (AUD).
- Australia has signed Free Trade Agreements with the Association of Southeast Asian Nations (ASEAN), Chile, New Zealand, Singapore, Thailand and the United States of America, with several more under negotiation.
Queensland
- Real gross domestic product growth sees Queensland outperforming global competitors Japan, the United Kingdom and United States of America.
- State exports have tripled over the past ten years to $65 billion (AUD).
- Queensland benefits from a strong, growing mining and energy sector, servicing many countries around the world with coal and other commodities.
Brisbane
- Valued at $104 billion (AUD), the Brisbane economy accounted for almost half (46.4 per cent) of the total Queensland economy in 2009.
- Brisbane is recognised as one of the top ten Asian cities of the future by the London Financial Times fDi Magazine.
- Between 2000 and 2006 Brisbane contributed 13.5 per cent to the total recorded growth of the national economy, increasing its total share of the Australian economy from 8 per cent to 8.8 per cent.
- Brisbane continues to move towards a knowledge economy that will sustain long-term economic prosperity for the city.
- Brisbane’s economic growth is being fuelled by a competitive base for doing business, high levels of business investment and innovation, and the largest public infrastructure spending program in Australia’s history.