What are the main industries in Australia?
The main industries in Australia are mining, tourism, industrial equipment and mining equipment. The last decade has seen GDP growth of 3.3% per annum. There are also low inflation rates in Australia of 2-3%. According to the World Bank, the fastest place in the world to start a business is Australia – just two days worth of regulatory procedures. Another encouragement for some people could be the tax incentives for businesses who invest in research and development – up to 175%. Australia has also made an effort to become more trade friendly, lowering barriers to trade, and cutting or lowering protectionist tariffs.
