Brisbane's economic overview | Choose Brisbane - Choose Brisbane


Brisbane's economic overview

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. Australia’s economic growth remains solid, with the resources sector benefiting from China’s economic stimulus, a related jump in commodity prices and state governments spending up on infrastructure (Deloitte Access Economics Investment Monitor – September 2016).

Strong, growing local economy

Brisbane is a major hub for large resource and energy companies, a global hub for the mining, equipment, technology and services (METS) sector, a significant centre for research and innovation, and the engine room of much of Queensland’s continued economic growth. The city’s $146 billion economy (Source: Brisbane City Council - Key Economics Fact 2016) is predicted to grow to more than $217 billion by 2031, having been a key driver of the Australian economy as it enters its 26th year of continuous growth (Source: Austrade 2017).

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 real gross state product in 2016-17, 2.5 per cent above the Australian average (Source: Australia Government Budget 2016-17: Queensland Government 2016-17 Budget).

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. Brisbane is perfectly positioned to capitalise on this, and offers investors opportunities across a broad range of sectors – knowledge-based industries (including ICT, mining technology & services, and life sciences), property and construction including hotels, student accommodation, aged-care and tourism infrastructure, and industrial areas covering food and beverage, R&D and manufacturing, logistics and distribution, innovative manufacturing, clean technologies, waste management and renewable energy and infrastructure.