COUNTRY PROFILE
Statistical tables Factor I: Economic Performance WORLD COMPETITIVENESS RANKING 2018 All data are available from the World Competitiveness Online. Visit our eshop 1
COMPETITIVENESS TRENDS - OVERALL OVERALL PERFORMANCE (63 countries) 17 18 17 21 19 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 7,741 2017 Exchange Rate (per $) 1.30 2017 Population - market size (millions) 24.60 2017 28 Gross Domestic Product (GDP) (US$ billions) 1,378.9 2017 13 GDP (PPP) per capita (US$) 0,672 2017 Real GDP growth (%) 2.3 2017 42 Consumer price inflation (%) 1.97 2017 34 Unemployment rate (%).60 2017 30 Labor force (millions) 13.18 2017 28 Current account balance (% of GDP) -2.37 2017 1 Direct investment stocks inward ($bn) 76.0 2016 13 Direct investment flows inward (% of GDP) 3.4 2017 18 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 1 36 19 23 38 24 27 17 17 30 22 31 24 1 2 21 10 7 PEER GROUPS RANKINGS ASIA - PACIFIC ( countries) POPULATIONS > 20 MILLION (29 countries) 6 6 7 6 7 6 2
COMPETITIVENESS TRENDS - FACTOR BREAKDOWN ECONOMIC PERFORMANCE 24 28 24 2 19 Sub-Factor Rankings : 2017 Domestic Economy International Trade 48 International Investment 27 Employment 27 Prices 26 2018 1 36 19 23 38 GOVERNMENT EFFICIENCY 9 18 Sub-Factor Rankings : 2017 Public Finance 28 Tax Policy 29 Institutional Framework 19 Business Legislation Societal Framework 2018 24 27 17 17 BUSINESS EFFICIENCY 16 17 17 27 24 Sub-Factor Rankings : 2017 Productivity & Efficiency 24 Labor Market 30 Finance 13 Management Practices 39 Attitudes and Values 34 2018 30 22 31 24 INFRASTRUCTURE 18 19 18 18 16 Sub-Factor Rankings : 2017 Basic Infrastructure 20 Technological Infrastructure 29 Scientific Infrastructure 20 Health and Environment 7 Education 16 2018 1 2 21 10 7 3
WORLD COMPETITIVENESS DIGITAL RANKING 2018 All data are available from the World Competitiveness Online. Visit our eshop 4
DIGITAL TRENDS - OVERALL OVERALL PERFORMANCE (63 countries) Overall Alpha Alpha Factors Beta BetaLabel Gamma GammaLab Sub-Factors 1 2 2 2 2 2 2 4 4 4 2 2 6. 4 4 2 2 8. 4 4 2 2 10. 4 4 2 2 1 8 32 11 Knowledge Talent Training & education Scientific concentration 13 6 18 19 Technology Regulatory framework Capital Technological framework 11 2 28 6 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 10 9 1 13 9 11 16 18 1 12 12 1 1 13 8 7 11 COMPETITIVENESS & DIGITAL RANKINGS Digital Competitiveness N.B. This graph provides only a comparison of the country s performance in the two rankings. 10 9 17 18 1 17 21 13 19 PEER GROUPS RANKINGS ASIA - PACIFIC ( countries) POPULATIONS > 20 MILLION (29 countries) 2 2 4 3 3 3 4 4
u Overall top strengths w Overall top weaknesses FACTORS BREAKDOWN - STRENGHTS AND WEAKNESSES KNOWLEDGE Subfactors Talent 3 3 6 8 8 Training & education 36 38 47 1 32 Scientific concentration 10 10 12 11 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 13 8 6 11 6 Capital 19 1 1 16 18 Technological framework 10 13 17 21 19 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 4 2 2 4 2 Business agility 27 26 22 42 28 IT integration 13 6 8 10 6 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
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