IMD World Competitiveness Booklet 2021

COMPETITIVENESS TRENDS - OVERALL AUSTRALIA

OVERALL PERFORMANCE (64 countries)

BASIC FACTS Capital Land area (square km '000)

Rank

Canberra

2017 2018 2019 2020 2021

7,741 2020 1.453 2020 25.70 2020 1,354.9 2020 51,752 2020 -2.4 2020 0.90 2020 6.59 2020 13.80 2020 2.51 2020 714.2 2019 2.87 2019

Exchange Rate (per $)

18

18

19

21

22

28

Population - market size (millions)

CHALLENGES IN 2021 Maintain health and safety through vaccination rollout and fit-for- purpose quarantine measures. • Maintain health and safety through vaccination rollout and fit- for-purpose quarantine measures. • Lay the groundwork for the safe reopening of international borders. • Support structural transitions for workers, businesses and regions undergoing adjustment. • Address youth, long-term and other areas of high unemployment or disadvantage. • Drive private sector led growth and investment, particularly in innovation and technology.

13

Gross Domestic Product (GDP) (US$ billions)

17

GDP (PPP) per capita (US$)

12

Real GDP growth (%)

32

Consumer price inflation (%)

31

Unemployment rate (%)

28

Labor force (millions)

26

Current account balance (% of GDP)

13

Direct investment stocks inward ($bn)

CEDA - Committee for Economic Development of Australia Provided by: CEDA - Committee for Economic Development of Australia

26

Direct investment flows inward (% of GDP)

COMPETITIVENESS LANDSCAPE

Economic Performance

Government Efficiency

Business Efficiency

Infrastructure

Domestic Economy

International Trade

International Investment Employment Prices

Public Finance

Tax Policy

Institutional Framework Business Legislation

Societal Framework

Productivity & Efficiency Labor Market Finance

Management Practices

Attitudes and Values

Basic Infrastructure

Technological Infrastructure Scientific Infrastructure

Health and Environment Education

12

13

14

17

17

19

19 19

20

22 23

22

27 25

27 29

29

40

44

58

PEER GROUPS RANKINGS ASIA - PACIFIC (14 countries)

POPULATIONS > 20 MILLION (29 countries)

2017 2018 2019 2020 2021

2017 2018 2019 2020 2021

4

5

5

5

6

6

6

6

7

7

53

IMD WORLD COMPETITIVENESS BOOKLET 2021