IMD World Competitiveness Booklet 2022
Competitiveness Country Profiles
Australia Competitiveness Trends – Overall
OVERALL PERFORMANCE (63 countries)
BASIC FACTS
Rank
2018
2019
2020
2021
2022
Capital Land area (square km '000)
Canberra
7,741 2021 1.331 2021
Exchange Rate (per $)
18
18
19
19
22
Population - market size (millions) 25.74 2021 26 Gross Domestic Product (GDP) (US$ billions) 1,632.0 2021 11 GDP (PPP) per capita (US$) 56,337 2021 18 Real GDP growth (%) 4.2 2021 44 Consumer price inflation (%) 2.82 2021 29 Unemployment rate (%) 5.10 2021 24 Labor force (millions) 13.84 2021 25 Current account balance (% of GDP) 3.55 2021 19 Direct investment stocks inward ($bn) 790.7 2020 13 Direct investment flows inward (% of GDP) 1.45 2020 34
CHALLENGES IN 2022
• Sustaining strong growth without overheating the economy. • Turning around lacklustre productivity growth. • Addressing skills shortages, particularly in high value- added technology-driven sectors. • Speeding up progress in transition to net zero economy. • Realising faster adoption of cutting-edge technologies by business.
PROVIDED BY: CEDA - Committee for Economic Development of Australia
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
10
10 9
11
13 14
18
19
20
21
22
23
25
27
28
29
32
33
38
38
PEER GROUPS RANKINGS ASIA - PACIFIC (14 countries)
POPULATIONS > 20 MILLION (27 countries)
2018
2019
2020
2021
2022
2018
2019
2020
2021
2022
4
5
5
5
5
6
6
6
6
7
53
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