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Browse Profiles > Australia > Business Indicators

	Score	Rank
Standards Compliance Index	69.17 out of 100	3
Business Indicator Index	9.98 out of 12	22

Australia

Business Indicators

With an overall score of 9.98/12, Australia is at standard on the economic, legal, and political indicators that make up our Business Index. Australia is a market-based economy. The 2008 Index of Economic Freedom (IEF), reports that, overall, government spending is high - equaling 35.2% of GDP. Australia is moving forward with privatization, selling several holdings, including its shares in the telecommunications company Telstra. The Australian government welcomes foreign investment and recognizes its role in the country's economic growth. Australia provides incentives for investment and maintains a strong record of property rights protection. The top tax rates for individual and corporate income are relatively high and the differences between the U.S. and Australian tax systems have potential implications for foreign business. Corruption is of no concern for investors, reflected in Australia's ranking of 11th out of 180 countries in Transparency International's 2007 Corruption Perceptions Index.

Business Indicators

Forex Regulations - Capital Controls

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