Statistics released by the Department of Foreign Affairs and Trade today show that the total stock of foreign investment in Australia was $2.5 trillion in 2013 – up 11.3 per cent on the previous year – the Minister for Trade and Investment Andrew Robb said.
The figures are contained in International Investment Australia, a new publication that highlights the continuing importance of foreign investment to economic growth, job creation and standards of living. The release follows Mr Robb’s recent annual Investment Statement to the Parliament.
While the total stock of foreign investment in Australia stood at $2.5 trillion, Australia’s total investment abroad totalled $1.6 trillion. These totals include ‘direct investment’ into businesses as well as ‘portfolio investment’ such as diversified investments into equities or long-term bonds.
In 2013 the total stock of direct investment in Australia reached $630 billion, while in that year alone foreign investors injected $115 billion of direct investment, with the largest sources being the United States ($35 billion), Singapore ($14 billion), the United Kingdom ($12 billion) and Japan ($10 billion).
The United States and United Kingdom continue to be the countries that hold the largest stock of foreign investment (nearly 50 per cent) in Australia. And they are also the top destinations for Australian investments abroad (nearly 45 per cent).
Foreign direct investment from China is growing – with new injections worth $5 billion in 2013, up from $3.5 billion in 2012. China is now our sixth-largest source of inward foreign direct investment ($21 billion) and our eighth-largest overall investor ($31.9 billion).
Mr Robb said Australia had a very compelling story to tell having seen 23 years of uninterrupted economic growth and with the Abbott Government pursuing an aggressive pro-investment policy agenda aimed at further enhancing our reputation.
“Measures like repealing the carbon and mining taxes, cutting red and green tape, streamlining project approvals along with record levels of planned infrastructure investment are sending positive signals to the world that we are indeed open for business,” he said.
International Investment Australia is available at: http://www.dfat.gov.au/about-us/publications/Pages/international-investment-australia.aspx
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