Australia - In-depth PESTLE insights

Australia - In-depth PESTLE insights

Summary

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.

Scope

- 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?

Reasons to buy market report

- The political landscape section discusses the evolution of the political scenario in Australia, as well as the countrys economic, social, foreign, and defense policies. The section also discusses the countrys performance according to World Bank Governance Indicators.
- The economic landscape section outlines the evolution of Australias economy, as well as the countrys 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 governments social welfare policies, as well as the countrys performance in terms of healthcare, income distribution, and education.


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 20
Future prospects 23
Future risks 24
Social analysis 26
Overview 26
Current strengths 26
Current challenges 28
Future prospects 29
Future risks 31
Technology analysis 33
Overview 33
Current strengths 33
Current challenges 33
Future prospects 36
Future risks 38
Legal analysis 40
Overview 40
Current strengths 40
Current challenges 41
Future prospects 42
Future risks 43
Environmental analysis 45
Overview 45
Current strengths 45
Current challenges 47
Future prospects 48
Future risks 48
Political Landscape 51
Summary 51
Evolution 51
Pre-1950s 51
1951-90 52
1991-2000 52
2001-04 53
2005 onwards 53
Structure and policies 53
Key political figures 53
Structure of government 54
Structure of legislature 54
Composition of parliament 54
Key political parties/figures 55
Key policies 56
Performance 56
Governance indicators 56
Outlook 57
Economic Landscape 58
Summary 58
Evolution 58
Pre-1940 58
1941-75 58
1976-2016 58
Structure and policies 59
Overview 59
Financial authorities/regulators 60
Performance 62
GDP and growth rate 62
GDP composition by sector 63
Fiscal situation 66
Current account 67
Exports and imports 67
International investment position 67
Monetary 68
Key monetary indicators 68
Unemployment 69
Outlook 70
Social Landscape 71
Summary 71
Evolution 71
Structure and policies 71
Demographic composition 71
Religious composition 72
Education 73
Healthcare 73
Performance 74
Healthcare 74
Education 74
Outlook 75
Technological Landscape 76
Summary 76
Evolution 76
Structure and policies 76
Performance 76
Intellectual property 76
Outlook 77
Legal Landscape 79
Summary 79
Evolution 79
Structure and policies 79
Structure of the judicial system 79
Tax regulations 80
Performance 80
Effectiveness of the legal system 80
Outlook 81
Environmental Landscape 82
Summary 82
Evolution 82
Structure and policies 82
Performance 82
Environmental impacts 82
Outlook 83
Appendix 84
Ask the analyst 84
Disclaimer 84


List Of Tables


Table 1: Australia - key fundamentals 5
Table 2: Australia - key facts 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 26
Table 7: Healthcare Personnel and Facilities 31
Table 8: Analysis of Australia’s technology landscape 33
Table 9: Analysis of Australia’s legal landscape 40
Table 10: Recorded crime victims in Australia 44
Table 11: Analysis of Australia’s environmental landscape 45
Table 12: Mid-year population by age (% of population), 2016 72
Table 13: Patents received from the US Patent and Trademark Office, 2010-15 77


List Of Figures


Figure 1: Map of Australia 14
Figure 2: Foreign direct investment (% of GDP) and GDP growth in Australia 20
Figure 3: Mineral Exploration Expenditure - Actual as a proportion of expected, 1990-2016 21
Figure 4: General government balance from 2000-2016 22
Figure 5: General government revenues and expenditures as percentage of GDP 22
Figure 6: Population and Unemployment rate (by age group) 23
Figure 7: Household debt distribution ratio 24
Figure 8: House price valuation - Q1 2017 25
Figure 9: Australias score in the Better Life Index - 2016 27
Figure 10: Population that has attained tertiary education (As percentage of population between 25-64)- 2015 28
Figure 11: Gini coefficient of household disposable income, 2015 or latest year 29
Figure 12: Physicians per 1000 population, 2015 30
Figure 13: Demographic old-age dependency ratios: Historical and projected values, 1950-2075 32
Figure 14: Science & engineering degrees, 2011 34
Figure 15: Australia collaboration and networks on innovation, 2010 35
Figure 16: Entrepreneurship indicators 37
Figure 17: Summary of Australian Government support for science, research and innovation by sector- Budget Estimate 2013-17 38
Figure 18: R&D expenditure in selected OECD countries (% of GDP) - 2015 39
Figure 19: Strength of legal rights index - 2016 41
Figure 20: Regulation of professional legal services 42
Figure 21: Tax wedge (% of labor cost) - 2016 43
Figure 22: Energy mix in Australia 2000 - 2016 46
Figure 23: Number of short-term (less than one year) visitors in Australia 47
Figure 24: Air and GHG emissions (Carbon dioxide (CO2), Tonnes/capita) - 2015 48
Figure 25: Road transport emissions and tax on gasoline 50
Figure 26: Australia - political events timeline 52
Figure 27: Australia - key political figures 54
Figure 28: Australia - composition of parliament (seats by party) 55
Figure 29: Evolution of GDP growth in Australia, 2006-2016 59
Figure 30: GDP and growth rate in Australia (constant prices), 2011-21f 62
Figure 31: Sector composition of GDP in Australia, 2016 63
Figure 32: Australia’s agricultural output and growth rate, 2011-16 64
Figure 33: Australia’s industrial output and growth rate, 2011-16 65
Figure 34: Australia’s services output and growth rate, 2011-16 66
Figure 35: Australia’s external trade (merchandise), 2011-16 67
Figure 36: CPI and CPI-based inflation in Australia, 2011-21f 68
Figure 37: RBA target for the rate at which banks lend to each other overnight (%) 69
Figure 38: Unemployment in Australia, 2011-21f 70
Figure 39: Major religions in Australia 73
Figure 40: Expenditure on healthcare in Australia, 2009-15 74
Figure 41: Expenditure on education in Australia, 2010-15 75
Figure 42: Internet subscribers, 2012-16 77
Figure 43: Australia - judicial structure 80
Figure 44: Carbon dioxide emissions in Australia, 2008-15 83


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