Summary
This PESTLE country analysis report on Australia provides a holistic view of the country, with insightful analysis of current and future issues, supplemented with relevant quantitative data to support trend analysis.
Synopsis
- Understand the political system in Australia through analysis of key figures in the country and governance indicators.
- Understand the economic situation in Australia through a balanced assessment of core macroeconomic issues.
- Understand customer demographics in Australia through analysis of income distribution and the rural-urban split, as well as healthcare and education.
- Understand the technological landscape in Australia through analysis of relevant laws and policies, as well as patents data.
- Understand the legal landscape in Australia through analysis of the judicial system as well as performance of the legal indicators
- Understand the environmental landscape in Australia through analysis of the environmental regulations and the performance of the environmetal indicators
Scope
- The political landscape section discusses the evolution of the political scenario in Australia, as well as the country's economic, social, foreign, and defense policies. The section also discusses the country's performance according to World Bank Governance Indicators.
- The economic landscape section outlines the evolution of Australia's economy, as well as the country's performance in terms of GDP growth, composition by sector (agriculture, industry, and services), fiscal situation, international investment position, monetary situation, credit disbursement, banking sector, and employment."
- The social landscape section analyzes the government's social welfare policies, as well as the country's performance in terms of healthcare, income distribution, and education.
Reasons to buy
- What is the outlook in Australia in terms of political stability, policies towards business, and the popularity of the government?
- How does Australia perform in terms of GDP growth, its fiscal situation, international investment position, monetary situation, and employment?
- How does Australia perform in terms of healthcare, income distribution, and education?
- How does Australia perform in terms of technology-intensive sectors like IT, life sciences, and R&D expenditure trends?
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Table of Contents
Overview 2
Catalyst 2
Summary 2
Key findings 2
PESTLE highlights 4
Key fundamentals 5
Key Facts and Geographical Location 13
Key facts 13
Geographical location 14
PESTLE Analysis 15
Summary 15
Political analysis 16
Overview 16
Current strengths 16
Current challenges 17
Future prospects 17
Future risks 18
Economic analysis 19
Overview 19
Current strengths 19
Current challenges 21
Future prospects 24
Future risks 25
Social analysis 27
Overview 27
Current strengths 27
Current challenges 29
Future prospects 30
Future risks 32
Technology analysis 34
Overview 34
Current strengths 34
Current challenges 34
Future prospects 38
Future risks 40
Legal analysis 42
Overview 42
Current strengths 42
Current challenges 43
Future prospects 44
Future risks 45
Environmental analysis 47
Overview 47
Current strengths 47
Current challenges 49
Future prospects 50
Future risks 50
Political Landscape 52
Summary 52
Evolution 52
Pre-1950s 52
1951-1990 53
1991-2000 53
2001-2004 54
2005 onwards 54
Structure and policies 54
Key political figures 54
Structure of government 55
Structure of legislature 55
Composition of parliament 55
Key political parties/figures 56
Key policies 57
Performance 58
Governance indicators 58
Outlook 58
Economic Landscape 60
Summary 60
Evolution 60
Pre-1940 60
1941-1975 60
1976-2017 60
Structure and policies 61
Overview 61
Financial authorities/regulators 62
Performance 63
GDP and growth rate 63
GDP composition by sector 65
Fiscal situation 68
Current account 68
Exports and imports 69
International investment position 69
Monetary 70
Key monetary indicators 70
Unemployment 71
Outlook 72
Social Landscape 73
Summary 73
Evolution 73
Structure and policies 73
Demographic composition 73
Religious composition 75
Education 75
Healthcare 76
Performance 77
Healthcare 77
Education 78
Outlook 78
Technological Landscape 79
Summary 79
Evolution 79
Structure and policies 79
Performance 79
Intellectual property 79
Outlook 81
Legal Landscape 82
Summary 82
Evolution 82
Structure and policies 82
Structure of the judicial system 82
Tax regulations 83
Performance 83
Effectiveness of the legal system 83
Outlook 84
Environmental Landscape 85
Summary 85
Evolution 85
Structure and policies 85
Performance 85
Environmental impacts 85
Outlook 86
Appendix 87
Ask the analyst 87
Disclaimer 87
List of Tables
Table 1: Australia - Key Fundamentals, 2018 5
Table 2: Australia - Key Facts, 2018 13
Table 3: Analysis of Australia’s Political Landscape 16
Table 4: Detention Statistics 18
Table 5: Analysis of Australia’s Economy 19
Table 6: Analysis of Australia’s Social System 27
Table 7: Healthcare Personnel and Facilities, 2012-2016 31
Table 8: Analysis of Australia’s Technology Landscape 34
Table 9: Analysis of Australia’s Legal Landscape 42
Table 10: Recorded Crime Victims in Australia, 2011-2017 46
Table 11: Analysis of Australia’s Environmental Landscape 47
Table 12: Mid-year Population by Age (% of Population), 2017 74
Table 13: Patents Received from the US Patent and Trademark Office, 2010-2015 80
List of Figures
Figure 1: Map of Australia 14
Figure 2: Foreign Direct Investment (% of GDP) and GDP Growth in Australia 20
Figure 3: Domestic and External Drivers Underpin growth & Employment and participation have risen strongly, 2010-2018 21
Figure 3: Mineral Exploration Expenditure - Actual as a Proportion of Expected, 1989-2017 22
Figure 4: General Government Balance (% of GDP), 2000-2017 23
Figure 5: General Government Revenues and Expenditures (% of GDP), 2000-2017 23
Figure 6: Population and Unemployment Rate by Age Group (Million People/%), 1990-2015 24
Figure 7: Household Debt to Income (%), June 1988 to October 2017 25
Figure 8: Real House Price Indices - Q4 2014 to Q1 2018 26
Figure 9: Australia's Score on the Better Life Index, 2016 28
Figure 10: Population with Tertiary Education, 2016 29
Figure 11: Gini Coefficient of Household Disposable Income, 2014 or latest Year 30
Figure 12: Physicians per 1000 People, 2016 31
Figure 13: Demographic Old-age Dependency Ratios - Historical and Projected Values, 1950-2075 33
Figure 14: Tertiary Graduates in the Natural Sciences, Engineering and ICT (NSE and ICT), as a Percentage of All Tertiary Graduates, 2005 and 2015 35
Figure 15: Business Collaboration on Innovation with Higher Education or Research Institutions, 2012-2014 37
Figure 16: Entrepreneurship Indicators 39
Figure 17: Summary of Australian Government’s Support for Science, Research and Innovation by Sector (Budget Estimate), 2014-2015 to 2017-2018 40
Figure 18: R&D Expenditure in Selected OECD Countries (% of GDP), 2015 41
Figure 19: Strength of Legal Rights Index, 2017 43
Figure 20: Regulation of Professional Legal Services 44
Figure 21: Tax Wedge (% of Labor Cost), 2017 45
Figure 22: Energy Mix in Australia (TWh), 2000-2016 48
Figure 23: Number of Short-term (Less than One Year) Visitors in Australia (Thousands), 1976-2017 49
Figure 24: Air and GHG Emissions (CO2, Tons/Capita), 2015 50
Figure 25: CO2 emissions by source, 2013 51
Figure 26: Australia - Political Events Timeline 53
Figure 27: Australia - Key Political Figures 55
Figure 28: Australia - Composition of Parliament (Seats by Party) 56
Figure 29: Evolution of GDP Growth in Australia (%), 2007-2017 61
Figure 30: GDP and Growth Rate in Australia (Constant Prices, $ Billion/%), 2012-2022f 64
Figure 31: Sector Composition of GDP in Australia, 2017 65
Figure 32: Australia’s Agricultural Output and Growth Rate (AUD Billion/%), 2012-2017 66
Figure 33: Australia’s Industrial Output and Growth Rate (AUD Trillion/%), 2012-2017 67
Figure 34: Australia’s Services Output and Growth Rate (AUD Trillion/%), 2012-2017 68
Figure 35: Australia’s External Trade ($ Billion), 2013-2017 69
Figure 36: CPI and CPI-based Inflation in Australia, 2012-2022f 70
Figure 37: RBA Target for the Rate at Which Banks Lend to Each Other Overnight (%) 71
Figure 38: Unemployment in Australia (Thousands/%), 2012-2022f 72
Figure 39: Major Religions in Australia 75
Figure 40: Expenditure on Healthcare in Australia ($ Billion/%), 2011-2017 77
Figure 41: Expenditure on Education in Australia ($ Billion/%), 2011-2016 78
Figure 42: Internet Subscribers (Users in Millions/%), 2012-2016 80
Figure 43: Australia - Judicial Structure 83
Figure 44: Carbon Dioxide Emissions in Australia (Million Metric Tons/%), 2008-2015 86
