Australia PESTLE Insights - A Macroeconomic Outlook Report

Australia PESTLE Insights - A Macroeconomic Outlook Report

Summary

Financial intermediation, real estate, and business contributed 22.3% to the country’s GVA in 2022, followed by mining, manufacturing, and utilities (21.2%), and wholesale, retail & hotels (9.9%). In nominal terms, the sectors are expected to grow at 4.9%, 5.4% and 2.6%, respectively, in 2023, according to GlobalData.

Four major metropolitan regions in Australia comprised 56.9% of the country’s population and accounted for 58% of the country’s GDP in 2022, according to GlobalData’s cities database

The S&P/ASX 200, an index widely considered as a benchmark for stocks listed on the Australian Securities Exchange, exhibited a continuous upward trend over last year. As of January 1st, 2022, the S&P/ASX 200 index stood at 7,444.6, compared to 7,280.4 on January 12, 2023.

ScopeAs per the World Intellectual Property Organization, Global Innovation Index (2022), Australia was ranked 18th out of 125 countries in the parameter of logistics performanceReasons to BuyMacroeconomic Outlook Report identifies the potentials of the country as an investment destination by analyzing the political, economic, social, technological, legal and environmental (PESTLE) structure.PESTLE Insights provides 360 degree view of the economy which can be used as a strategic tool to understand the market dynamics, business potentials and direction of operationsAlong with providing the country’s snapshot, the report captures the risk factors pertaining to the macroeconomic risks, political environment, legal environment, demographic and social structure effectiveness, technology & infrastructure and natural and geographic aspects that might impact business.This report also highlights key clusters/cities which contribute significantly to the country GDP and population along with major companies’ presence in these areas.