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19 February, 2021updated 30 Oct 2021 05:07

Investing in Australia: what you need to know

All of the key data and information needed when considering investing in Australia.

By Carmen

As of 2021, Australia has a population of 26.3 million, making it the 53rd largest country in the world by this measure. There are 49.6% males and 50.4% females.

There are 12.6 million people employed in Australia, with an unemployment rate of 7% – 694,000 people.

Australia is the 14th largest economy in the world with a GDP of $1.3trn. Australia’s GDP has grown by 9% between 2010 and 2021 and is expected to grow by 38% by 2025.

As of 2021 there are 1.8 million students in tertiary education in Australia, with 2.9 million students in secondary and 2.4 million in primary education. Australia spent 6.1% of its GDP on education in 2019.

Australia ranked 14th in the World Bank’s Doing Business Report (2020). In the 2019 report it finished 18th. In the World Economic Forum’s Global Competitiveness Report (2019), Australia finished 16th, after ranking 16th in 2018.

Public healthcare expenditure totalled $90.9bn and private healthcare expenditure equalled $40.3bn in 2018.

The largest urban areas in Australia are Sydney (5.3 million people), Melbourne (5.1 million) and Brisbane (2.5 million).

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