Australia: In-depth PESTLE Insights

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?

Companies mentioned

Table of Contents

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 ...

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

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 ...

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

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 ...

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

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