Top Countries for Business Travel in 2019 – Australia

Moving up 2 places to the 9th top country for business travel in 2019 is Australia. According to Forbes, this is due to its ‘open market with minimal restrictions on imports of goods and services’ which ‘has increased productivity, stimulated growth, and made the economy more flexible and dynamic’.

Why do business in Australia?

• Australia is the 6th largest country in the world and is located in the Asia-pacific region
• It is a sovereign country compromising of mainland Australia, the island of Tasmania and numerous smaller islands
• Australia is a significant exporter of natural resources, energy and food, with China being it’s largest trading partner
• Australia has a low-risk and innovative business environment, ranking 7th in the world on ease of starting a business (The World Bank)
• Key business hubs are located in its 4 largest cities: Sydney, Melbourne, Brisbane and Perth
• Australia has one of the strongest, most competitive, open and flexible economies in the world, scoring 5th on economic freedom (Heritage)
• Key sectors include mining, finance, logistics, agriculture, property, construction, renewable energy, tourism and its service industries
• Australia has a corporate tax rate of 30% which is very competitive compared with other major economies such as the USA, China, Germany and France (PwC)
• It has similar business and legal practices as the UK
• The national language of Australia is English but there are over 200 different languages and dialects spoken including over 50 indigenous languages (PwC)
• Australia is a multicultural and diverse nation with a strong immigration programme. Around 1 in 5 people were born overseas (Clayton Utz)
• It has one of the world’s best lifestyles with a life expectancy of 84.2 years for females and 79.7 years for males (PwC). It scored 5th on the quality of life index 2019 (Numbeo)
• Australia is made up of 3 different time zones which range from GMT +8 to GMT +10. This time zone spans the close of business in the USA and the opening of business in Europe (PwC)
• As Australia is located in the southern hemisphere it has a hot and humid climate in the summer and warm and dry climate in the winter. Summer months run from December to February with average temperatures of 28°. Winter months run from June to August with average temperatures of 16°
• The official currency of Australia is the Australian Dollar (AUS), which is currently weaker than the GBP, US dollar and Euro, meaning more spending money for your next business trip (XE)
• With its golden coastlines, rocky mountains, desert outback and the Great Barrier Reef, Australia is the perfect destination for ‘Bleisure’ travel in 2019…

If you would like to have your Business Travel Simplified, then speak with a member of our team on (028) 9038 9007 or email hello@selective-travel.co.uk