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.

Scope

• As per the World Intellectual Property Organization, Global Innovation Index (2022), Australia was ranked 18th out of 125 countries in the parameter of logistics performance

• Macroeconomic 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 operations
• Along 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.