COUNTRY PROFILE AUSTRALIA

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1 COUNTRY PROFILE

2 Statistical tables Factor I: Economic Performance WORLD COMPETITIVENESS RANKING 2018 All data are available from the World Competitiveness Online. Visit our eshop 1

3 COMPETITIVENESS TRENDS - OVERALL OVERALL PERFORMANCE (63 countries) CHALLENGES IN 2018 Growing Growing reliance reliance on on inefficient inefficient tax tax bases. bases. Energy security. Effective city planning and infrastructure to support growing population. Productivity of services sectors. Capacity of education system to meet future skills demands. Provided CEDA - Committee by: for Economic Development of Australia, CEDA - Committee for Economic Development of Australia, Melbourne BASIC FACTS Rank Capital Land area (square km '000) Canberra 7, Exchange Rate (per $) Population - market size (millions) Gross Domestic Product (GDP) (US$ billions) 1, GDP (PPP) per capita (US$) 0, Real GDP growth (%) Consumer price inflation (%) Unemployment rate (%) Labor force (millions) Current account balance (% of GDP) Direct investment stocks inward ($bn) 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 PEER GROUPS RANKINGS ASIA - PACIFIC ( countries) POPULATIONS > 20 MILLION (29 countries)

4 COMPETITIVENESS TRENDS - FACTOR BREAKDOWN ECONOMIC PERFORMANCE Sub-Factor Rankings : 2017 Domestic Economy International Trade 48 International Investment 27 Employment 27 Prices GOVERNMENT EFFICIENCY 9 18 Sub-Factor Rankings : 2017 Public Finance 28 Tax Policy 29 Institutional Framework 19 Business Legislation Societal Framework BUSINESS EFFICIENCY Sub-Factor Rankings : 2017 Productivity & Efficiency 24 Labor Market 30 Finance 13 Management Practices 39 Attitudes and Values INFRASTRUCTURE Sub-Factor Rankings : 2017 Basic Infrastructure 20 Technological Infrastructure 29 Scientific Infrastructure 20 Health and Environment 7 Education

5 WORLD COMPETITIVENESS DIGITAL RANKING 2018 All data are available from the World Competitiveness Online. Visit our eshop 4

6 DIGITAL TRENDS - OVERALL OVERALL PERFORMANCE (63 countries) Overall Alpha Alpha Factors Beta BetaLabel Gamma GammaLab Sub-Factors Knowledge Talent Training & education Scientific concentration Technology Regulatory framework Capital Technological framework The direction of the triangle indicates the performance change from the last year: improved or stable declined Future readiness Adaptive attitudes Business agility IT integration OVERALL & FACTORS - years OVERALL Knowledge Technology Future readiness COMPETITIVENESS & DIGITAL RANKINGS Digital Competitiveness N.B. This graph provides only a comparison of the country s performance in the two rankings PEER GROUPS RANKINGS ASIA - PACIFIC ( countries) POPULATIONS > 20 MILLION (29 countries)

7 u Overall top strengths w Overall top weaknesses FACTORS BREAKDOWN - STRENGHTS AND WEAKNESSES KNOWLEDGE Subfactors Talent Training & education Scientific concentration Talent Rank Rank Rank Training & education Scientific concentration Educational assessment PISA - Math 23 Employee training 38 Total expenditure on R&D (%) 20 International experience 32 Total public expenditure on education 28 Total R&D personnel per capita - Foreign highly-skilled personnel 12 Higher education achievement 1 Female researchers - Management of cities 28 Pupil-teacher ratio (tertiary education) 28 R&D productivity by publication 18 w Digital/Technological skills 42 w Graduates in Sciences 1 Scientific and technical employment 6 u Net flow of international students 1 Women with degrees 1 High-tech patent grants 40 TECHNOLOGY Subfactors Regulatory framework Capital Technological framework Regulatory framework Rank Capital Rank Technological framework Rank Starting a business IT & media stock market capitalization 38 w Communications technology 6 u Enforcing contracts 3 Funding for technological development 30 Mobile Broadband subscribers 8 Immigration laws 3 Banking and financial services 28 Wireless broadband 7 Development and app. of technology 18 Investment risk 11 Internet users 29 Scientific research legislation 20 Venture capital 29 Internet bandwidth speed 39 Intellectual property rights Investment in Telecommunications 13 High-tech exports (%) 22 FUTURE READINESS Subfactors Adaptive attitudes Business agility IT integration Adaptive attitudes Rank Business agility Rank IT integration Rank u E-Participation 2 w Opportunities and threats 43 u E-Government 2 Internet retailing 9 Innovative firms 21 Public-private partnerships 20 u Tablet possession 1 w Agility of companies 42 Cyber security 29 Smartphone possession 8 Use of big data and analytics 23 Sofware piracy Attitudes toward globalization 27 Knowledge transfer 26 6

8 IMD is ranked in open programs worldwide 7 years in a row. Financial Times Developing leaders Transforming organizations Impacting your future IMD Switzerland Chemin de Bellerive 23 P.O. Box 91 CH-1001 Lausanne Switzerland Central tel: IMD Singapore IMD SE Asia Pte. Ltd South Beach Tower 38 Beach Road #17-11 Singapore Central tel: Connect with us Talk with us info@imd.org IMD, IMD INTERNATIONAL REAL WORLD. REAL LEARNING, IMD BUSINESS SCHOOL and IMD WORLD COMPETITIVENESS YEARBOOK are trademarks of IMD International Institute for Management Development. IMD 2017

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