Business and talent flow to Canberra as economy thrives

Posted 8 Mar 2017

Story by CBR Canberra

With a thriving economy and the lowest unemployment of any jurisdiction in Australia, Canberra has become a magnet for business investment and talented people looking to build their careers.

In 2016 Canberra’s economy grew by an impressive 7.3% – more than three times higher than the national GDP increase of 2.4%.

Business confidence in Canberra has also gone from strength to strength with private sector investment increasing 5% in the December quarter of 2016. This is reflected in the more than 500 projects with values over $1 million planned or underway in the Canberra Region.

Last year’s commencement of direct international flights from Canberra is injecting further stimulus into the region’s already flourishing tourism and exports sectors. Exports from the Canberra Region grew by more than 16% in the last financial year.

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Education is a key contributor to the Canberra economy, with the city well-known as the education capital of Australia. More and more students are choosing to study in Australia’s capital city, fueling growth in the local tertiary education sector. Education icons like the Australian National University (ANU), the University of Canberra and the Canberra Institute of Technology are among the city’s largest employers, and attract some of the world’s brightest minds to the region.

As the population of the Canberra Region nears one million people, infrastructure is a key priority to support continued economic growth. There are a number of significant projects underway, including the construction of the city-wide light rail network, the completion of the University of Canberra Public Hospital and a $200 million redevelopment of ANU’s campus.

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Canberra has already been recognized as having the highest quality of living in the world, now it is fast building a reputation as an exciting place to work and build a business.

Consider your bright future in Canberra.

For more on Canberra’s growing economy, visit : http://www.cmd.act.gov.au/open_government/inform/act_government_media_releases/barr/2017/act-economy-continues-to-grow

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