Australia has one of the strongest, most competitive and open economies in the world – mature, stable and highly developed. Its location on the doorstep of Asia has enabled it to take advantage of the region’s rapid economic development.
Today, the Australian economy is the 14th largest in the world at €1.2 trillion and has enjoyed 28 years of uninterrupted growth. The country has a strong tradition of international trade, supplying energy and mineral resources to the fast-growing Asian economies. The country’s open trade policies and skilled workforce have helped facilitate a vibrant internal economy.