Economic Overview

Brisbane CBD

A safe and sure investment

Dun & Bradstreet Global Risk Indicator rates Australia as one of the safest countries in the world for investment. The continued internationalisation of the Brisbane economy, combined with a local pool of talent and a collaborative business culture, provides a strong, competitive environment for Brisbane’s economy to continue to outperform its neighbours. Brisbane’s progressive and far-sighted business and economic environment gives investors more confidence in their quest to optimise investment return. This confidence is built around Brisbane’s stable political environment, its proven and forecast population and economic growth, and ongoing public and private sector commitment to building a stronger economy and intellectual capital base. While investment in mining has slowed, this has been largely offset by growing business investment in non-mining sectors (Source: Dun & Bradstreet, Insight - Issue 2, 2014).

Strong, growing local economy

Brisbane is Queensland’s economic engine room – a growth city with a strong history of economic performance and significant infrastructure investment. Greater Brisbane’s economy has rapidly expanded to be worth $135 billion, representing 47.1 per cent of Queensland’s economic output in 2012-13 (Source: Brisbane City Council economic fact sheet, Q2 2014). Despite global uncertainty, the economy is predicted to grow to be worth more than $217 billion by 2031 (Source: Brisbane City Council, Economic Development Plan 2012-2031).

Proven performance

Australia remained steadfast during one of the most turbulent periods of global modern economics, demonstrating remarkable resilience. During the worst of the global financial crisis, Australia maintained strong growth, outpacing all other advanced economies and securing a 22nd consecutive year of recession-free growth in 2013. The Queensland economy has consistently demonstrated above-average growth, growing at an average annual rate of 4 per cent over the past decade, 1 per cent above the Australian average (Source: ABS, Australian National Accounts: State Accounts 2012-13).

Future prospects

Australia has some of the best economic prospects in the developed world. With continued strong demand for its natural resources from emerging Asia, Australia is in an enviable position. Queensland is perfectly positioned to capitalise on this and consequently the Queensland economy is expected to grow 6 per cent in 2015-16 (Source:Queensland Treasury and Trade, State Budget 2013-14 Mid-Year Fiscal and Economic Review).