Troubled waters

AA1

LOW RISK for entreprise

  • Economic risk

  • Business environment risk

  • Political risk

  • Commercial risk

  • Financing risk

  • Economic risk

  • Business environment risk

  • Political risk

  • Commercial risk

  • Financing risk

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GDP USD 1330.9bn (World ranking 12, World Bank 2020)
Population 25.7mn (World ranking 55, World Bank 2020)
Form of state Constitutional parliamentary monarchy
Head of government Scott Morrison (PM)
Next elections 2022, legislative
  • Large natural resource endowments
  • Strong infrastructure and business environment
  • Proximity with Emerging Asia
  • Low public debt
  • Top touristic destination
  • Dependent on Chinese demand and commodity prices evolution
  • High exposure to a change in climate and to natural hazards
  • External vulnerabilities stem from chronic current account deficit and high external debt
  • High household debt

Trade structure by destination/origin

(% of total, annual 2020)

Exports Rank Imports
China 40.8%
1
28.8% China
Japan 12.4%
2
11.9% United States
South Korea 6.5%
3
6.0% Japan
United States 5.3%
4
4.8% Thailand
United Kingdom 4.2%
5
4.6% Germany

Trade structure by product

(% of total, annual 2020)

Exports Rank Imports
Metalliferous ores 36.9%
1
11.3% Road vehicles
Coal, coke and briquettes 12.3%
2
8.0% Petroleum, petroleum products and related materials
Gold, non-monetary (excluding gold ores and concentrates) 7.2%
3
5.9% Electrical machinery, apparatus and appliances, n.e.s.
Meat and meat preparations 4.1%
4
5.5% Telecommunication and sound recording apparatus
Non-ferrous metals 2.8%
5
5.3% Other industrial machinery and parts
The payment behavior of domestic companies is good compared to international standards. However, delays are registering a deteriorating trend and average DSO now stands at 50 days.

  • Low

  • Medium

  • Sensitive

  • High

  • Payments

  • Court proceedings

  • Insolvency proceedings

  • Payments

  • Court proceedings

  • Insolvency proceedings

The court system is complicated by the country's federal structure and provides no fast-track proceedings for the settlement of undisputable claims. The courts are otherwise efficient, but delays and costs tend to be significant and enforcing foreign judgments may prove difficult

Insolvency proceedings are complex and expensive, and chances of recovery are very low.

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