#1
for macroeconomic stability
Australia ranks 1st in the world for macroeconomic stability, based on inflation and debt dynamics, on both of which Australia also ranked 1st
#1
for installed solar capacity
Australia ranks 1st in the world for installed solar capacity
#1
for IP commercialisation
Australia ranks 1st in the world for commercialisation of IP Assets
#1
for years of education
Australia ranks 1st in the OECD for the average number of years of education per person – 20.4 years between ages 5 and 39
Source: OECD Better Life Index
#1
for civic engagement
Australia ranks 1st in the OECD for civic engagement
Source: OECD Better Life Index
#1
for talent attractiveness
Australia ranks 1st in the OECD for its attractiveness to highly educated workers
#1
for tech investment attractiveness
Australia is the most attractive place in the world for tech companies to invest
#1
for artificial intelligence
Australia ranks 1st in our region for AI readiness and 14th in the world
#1
for median personal wealth
Australia has the highest median wealth per adult in the world
#1
for years of schooling
Australia ranks equal 1st in the world for the total number of years a child of school entrance age can expect to receive
#1
for equity in healthcare
Australia ranks 1st in the OECD for equity in healthcare outcomes
#1
desired working location
Australia is the most desired working location in the Asia–Pacific and the 3rd most popular in the world
#1
for private charity donations
Australia ranks 1st amongst developed countries for private donations to charity and 5th in the world
#1
for technological change readiness
Australia ranks 1st in the world for its readiness for technological change alongside Singapore and Sweden
#1
for gender parity in education
Australia ranks 1st in the world for gender parity in educational attainment
#1
for digitally connected commerce
Australia ranks 1st in the world for digitally connected commerce, based on market environment, take up of e-commerce, and digital commerce infrastructure
#2
Australia ranks 2nd for youth wellbeing worldwide
#2
for seizing opportunity
Australia ranks 2nd in the world for our capability to seize opportunities from disruptive forces
#2
for happiness
Australia ranks 2nd in the Asia Oceania region for happiness and 12th in the world.
Source: World Happiness Report 2021
#2
largest biotech public market
Australia has the 2nd largest biotech public market in the world
Source: AusBiotech
#2
for social capital
Australia ranks 2nd in the world for social capital, measuring social cohesion and engagement, community and family networks, and political participation and institutional trust
#2
for health security
Australia ranks 2nd in the world on the Global Health Security Index for our health security capabilities
#2
in the 'Robotics Olypmics'
A CSIRO team placed 2nd in 2021 at the 'Robotics Olympics', the DARPA Subterranean Challenge for Robotics.
Source: CSIRO
#2
Australia has equal 2nd highest proportion of foreign born citizens in the OECD (30%)
#2
for growing, retaining and attracting talent
Australia ranks 2nd in our region (Eastern Asia, South-eastern Asia and Oceania) for our ability to grow, retain and attract talent
#2
for cyber security
Australia has the 2nd highest level of cyber security in the Indo-Pacific
Source: Comparitech
#3
Australia ranks equal 3rd in the world for the number of universities in the top 100
#3
for health care system
Australia ranks 3rd in the world for the performance of our health care system
#3
for intellectual property rights
Australia ranks 3rd for intellectual property rights on the International Property Rights Index 2021
3
AI institutions in top 100
Australia has 3 universities in the top 100 academic institutions in artificial intelligence
Source: Nature Index
#3
for trade openness
Australia is ranked 3rd for trade openness, based on trade tariffs, non-tariff barriers and border efficiency
#3
for workforce diversity
Australia ranks 3rd for diversity of our workforce
#3
for growth in disposable household income
Australia had the 3rd highest growth in disposable household income in the OECD to Q3 2021
Source: OECD data
#4 & #5
best cities for entrepreneurs
Sydney and Melbourne are the 4th and 5th best cities for entrepreneurs
Source: Oberlo
#4
for cyber security patent filings
Australia ranks 4th in the world for cyber security R&D patent filings
Source: Austrade
#5
for digital government services
Australia ranks 5th in the world for digital government services
#5
for e-participation
Australia ranks 5th in the world for e-participation
#5
for alternative protein patents
Australia ranks 5th in the world for filing alternative protein patents
Source: IP Australia
#5
for product market
Australia has the 5th best product market in the world, considering trade competition and domestic openness
#6
for merit-based hiring
Australia ranks 6th in the world for reliance on professional management, measuring whether senior management appointments are made based on ability rather than social connection
#6
for attractiveness to university students
Australia ranks 6th in the world for our attractiveness to university students
#6
Business environment
Australia is ranked 6th in the world for our business environment 2020–2024
Source: The Economist Intelligence Unit
#6
for pension plan
Australia ranks 6th in the world for the best pension plan
#7
for attractiveness to expats
Australia ranks 7th in the world as the favourite destination for ex-pats
Source: Bloomberg
#7
for renewable energy opportunities
Australia ranks 7th in the world for the attractiveness of our renewable energy investment and deployment opportunities
#7
for ability to attract entrepreneurs
Australia ranks 7th in the world for our attractiveness to entrepreneurs
#7
for energy efficiency regulation
Australia ranks 7th in the world for energy efficiency regulation
#8
for human development
Australia ranks 8th in the world on the Human Development Index
#8
for AI vibrancy
Australia ranks 8th in the world in Stanford University’s AI Vibrancy Ranking
Source: Artificial Intelligence Index
#9
for tax regime
Australia ranks 9th in the OECD for the best tax regime in terms of competitiveness and neutrality
#9
for democracy
Australia ranks as the 9th most democratic country
#9
for property rights
Australia ranks 9th in the world for property rights
#10
for scientific publications
Australia ranks 10th in the world for the number of peer-reviewed scientific publications and citations
Top 10
for global innovation measures
Australia ranks in the top 10 for market sophistication, human capital & research, and institutions
These are 3 of the 7 pillars in the 2020 Global Innovation Index
1.6%
of the global economy
Australia has a 1.6% share of the global economy in nominal GDP terms despite only 0.3% of the global population
Source: Why Australia Benchmark Report
A$800m
in agritech R&D
Australia invests A$800 million annually in agtech and foodtech R&D through 15 Rural R&D Corporations
Source: Why Australia Benchmark Report
4
most liveable cities
Australia has 4 cities in the top 10 most liveable cities in the world
$12b
in sports spending
Australia spends A$12 billion on sport and sports infrastructure every year
Source: Sport 2030 national plan
24%
energy from renewables
In 2020, renewable energy accounted for 24% of Australia's total electricity generation.
$6b
for sport broadcast rights
The broadcast rights for Australia’s major sporting codes exceed A$6 billion.
Source: Sport 2030 national plan
3%
growth in high-income households
The number of high-income households in Australia is growing by 3% per year, and will reach more than nine million by 2030.
Source: The Economist Intelligence Unit
$70b
In grants and incentives
Australia offers nearly A$70 billion in grants, incentives and funding pools to Australian-based companies across priority sectors.
Source: Accenture
A$167b
digitech contribution
The digitech sector contributes around A$167 billion to the Australian economy every year.
Source: Tech Council of Australia
500
medtech companies
Australia is home to 500 medtech companies
Source: Why Australia Benchmark Report
$4
trillion
Foreign investment in Australia is at A$4 trillion
Source: Why Australia Benchmark Report
50%+
innovation active
More than half of Australian businesses are innovation active
47%
of workforce has tertiary qualification
Almost half of Australia’s workforce has a tertiary qualification, meaning a diploma or higher
Source: Why Australia Benchmark Report
4
in top 100
4 of Australia's cities – Sydney, Melbourne, Canberra and Adelaide – are in the top 100 most innovative cities
Source: Innovation Cities Index 2021
20%
reduction in emissions
Australia reduced its emissions by 20% between 2005 and 2021
$20b
for low emissions technologies
Australia has committed A$20 billion to low emissions technologies in the decade to 2030.
top 1%
for research
Australia's national science agency CSIRO ranks in the top 1% of the world's scientific institutions in 13 of 22 research fields
Source: CSIRO Annual Report
#13
largest economy
Australia is the world’s 13th largest economy
Source: Why Australia Benchmark Report