Positioning for
prosperity?
Deloitte Growth 25 (DG25)
25 reasons to be optimistic
about growth in Australia
DELOITTE HAS IDENTIFIED 25 AREAS WITH THE BIGGEST POTENTIAL
TO LIFT AUSTRALIA’S PROSPERITY OVER THE NEXT TWENTY YEARS
CURRENT WAVE
Mining
AUSTRALIA’S HUGE
MINING SECTOR
WILL STILL BE VITAL
TO OUR PROSPERITY
OVER THE NEXT
TWO DECADES.
NEXT WAVES
Fantastic Five
AGRIBUSINESS
GAS
TOURISM
Asia’s growing middle class
Australia is investing
will boost demand for
heavily in gas just as
protein while technology demand is booming, and
will enable expansion
our output is expected
into new products and
to grow faster than that
geographical areas.
of any other sector.
Tourism will benefit
greatly from the
growth in Asia’s
middle class.
INTERNATIONAL
EDUCATION
WEALTH
MANAGEMENT
Australia’s a very
desirable and safe
place to study, so our
IE sector is about to
soar on Asian demand.
There’s plenty of
opportunity to leverage
Australia’s safe haven
status to manage Asia’s
growing wealth sector.
FUTURE WAVES
Growth Pockets
ICT – GATEWAY
TO THE FUTURE
FINANCING THE
FANTASTIC FIVE
CLEAN COAL
GAS TRANSPORT
Better clean coal
technology for energy
generation would
allow the earnings
from our vast coal
reserves to continue
growing strongly.
A huge number of
Australian gas services
and infrastructure
companies are poised
to repeat our mining
services companies’
stellar growth.
Asia values our food safety
standards highly and will
pay a premium for our
produce – making us not so
much Asia’s supermarket
as its delicatessen.
NEXT-GEN
SOLAR
NEXT-GEN
NUCLEAR
MEDICAL
RESEARCH
OCEAN
RESOURCES
New technologies
and our abundant
sunlight mean solar
energy has the
potential to reach
price parity with gas
and coal by the end
of the decade.
Advances in recycling
waste to generate
electricity and
Australia’s geological
and political stability
make this a potential
opportunity.
Australia’s a leader in
medicine – our most
valuable high-tech
export, worth $4B
a year – and there’s
potential to better
commercialise our
high-value knowledge.
Our oceanic Exclusive
Economic Zone is
larger than Australia
itself. The ‘use it
or lose it’ rule
means greater
efforts are needed
to sustainably use it.
RETIREMENT
LIVING AND
LEISURE
RESKILLING
AN AGEING
WORKFORCE
FINANCING
THE FUTURE
RESIDENTIAL
AGED CARE
Australians are
retiring richer than
ever, which will
benefit retirement
living and leisure
markets.
Longer lifespans will create
opportunities to reskill older
workers who want or need
to continue working and
who’ll be competing with
well-qualified young workers.
There is huge scope
to offer diverse
financial products
and services
for retirees.
By 2030, 1 in every 18
Australians will be over
80 and dementia will
quadruple by 2050,
requiring greater
provision of moreintensive care.
By leveraging first-mover
Australian financial
advantage in enabling institutions can profit from
the Fantastic Five,
financing growing trade
the ICT sector can
flows, which are projected
create global growth to grow to 60% of national
opportunities.
income by 2025.
DISASTER
MANAGEMENT &
PREPAREDNESS
Our UN-recognised
expertise in natural-disaster
response positions us to
export to global markets,
while more investment in
prevention could save
us $12B a year.
COMMUNITY AND
PERSONAL CARE
The ageing population
and greater time pressures
on Australians mean that
home care will grow,
with opportunities for
providing a range of
diverse services.
PREVENTATIVE
HEALTH AND
WELLNESS
Australians are living longer
and want to keep living
better, with the potential to
generate billions of dollars
in related opportunities.
FOOD
PROCESSING
DIGITAL DELIVERY
OF HEALTH
PRIVATE
SCHOOLING
PARCEL
DELIVERY
Australia has a viable medical
devices industry and our
established expertise in
delivering care remotely
positions us to pioneer the
digital delivery of health.
By 2020, there will be
25% more high school
students. This, and the
popularity of private
education, will cause strong
growth in the sector.
More online shopping and
efficient delivery technologies
will boost parcel delivery.
Last year alone, Australia
Post delivered 9.3% more
parcels domestically.
Building the Lucky Country
Business imperatives for a prosperous Australia
#3
For more detail on Positioning for prosperity? Catching the next wave the third edition
of the Building the Lucky Country Series visit www.buildingtheluckycountry.com.au
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