The Australian economy boasts some impressive numbers and is renowned for punching well above its weight across a broad range of measures against its global counterparts.
For example, did you know Australia has become one of the world leaders in inward skilled migration with a total of 245,400 immigrants in the year ending June 30, 2017, a 27 per cent increase from the year before?
Australia’s employment statistics
In 2018, Australia boasted a low 5.3% unemployment rate, with national average weekly earnings of $1,207 and an Economic Growth rate of 3.4% (Reserve Bank of Australia 2018). In addition, Australia is in its 27th consecutive year of annual economic growth, one of the few economies in the post-WWII period to achieve this (2017-18) (Australian Bureau of Statistics).
Australia is the 2nd wealthiest nation in terms of wealth per adult after Switzerland – (2017) (Global Wealth Report, Credit Suisse) and is estimated to have the world’s 13th highest GDP and the 11th highest GDP per capita in US dollar terms (2017) (International Monetary Fund).
The Department of Jobs and Small Business projects that total employment will increase by 886,100 (or 7.1 per cent) over the five years to May 2023. The long-term structural shift in employment towards services industries is projected to continue over the coming five years.
The key performers
Health Care and Social Assistance is projected to make the largest contribution to employment growth (increasing by 250,300), followed by Construction (118,800), Education and Training (113,000) and Professional, Scientific and Technical Services (106,600).
Together, these four industries are projected to provide almost two-thirds (or 66.4 per cent) of total employment growth over the five years to May 2023.
Australia is set for healthy growth in the next 20 years backed by a growing population and gateway proximity to the predicted world economic leaders of India, China and Japan.
TOP IMAGE: Via Pixabay
____________________________________________
Australia Immigration and Investment Roadshow in South Africa
Zeke Bentley, as Principal of Irish Bentley Lawyers and The Migration Place team of advisors, will be visiting South Africa to hold a series of free, one-on-one immigration consultations this October 2018.
In addition to running a full-service law practice, Zeke Bentley has focused on immigration matters since 2002 and is a member of the QLS, the MIA, Migration Alliance and a Registered Migration Agent with MARA (Migration Agents Registration Authority). He has run matters in all courts including constitutional cases in the High Court of Australia. The Migration Place is the specialist Migration Divison of Irish Bentley Lawyers based in Brisbane Australia.
Move To Australia Australia Consultations: Available dates in South Africa
Johannesburg: 8-12 October
Cape Town: 15-19 October
Durban: 22-24 October
These consultations are free to attend but you will need to register. You’re welcome to bring your partner and family members along to the appointment.
Simply fill in the form on this page to apply for the consultation and a legal team member will confirm an available time.
The Migration Place has also partnered with a South African-based law practice in Johannesburg that is available to assist with your migration enquiries. Tel: 010 023 0795
