Australia has a powerful economy,with a GDP of $1.4 trillion USD (ranked #13 in 2019),which has been growing and creating jobs continuouslyfor a record 28 consecutive years!This phenomenal economic growth has helped to make Aussies some of the wealthiest people in the world. For example, the 2019 Credit Suisse Global Wealth Report ranked Australia as the 2nd richest country based on median wealth ($181,361 USD) and the 4th richest country based on average wealth per adult ($386,060 USD).
The Australian Jobs 2019 report states that the largest business sectors in terms of Australian employment are: Healthcare and Social Assistance (1,685,100 workers); Retail Trade (1,272,300 workers); Construction (1,166,900 workers); Professional, Scientific and Technical Services (1,082,100 workers); and Education and Training (1,035,400 workers). During the 2019-2023 time period, it is forecast (Australian Jobs 2019) that the Healthcare and Social Assistance sector will grow by 14.9% and produce 250,300 new jobs in Australia; the Construction industry will expand by 10% and fill 118,800 new positions; Education and Training will increase by 11.2% and employ113,000 additional workers; and hiring in the Professional, Scientific and Technical Services sector will rise 10.2% and create 106,600 Australian jobs.
The “Land Down Under” is fortunate to have enjoyed sustained economic growth since 1991 and to also maintain a low unemployment rate; however, this has contributed to a shortage of skilled workers in many occupations across the country. Consequently, Australia’s government created the General Skilled Migration (GSM) program to grant permanent residency to qualifying foreign workers and their families who have the necessary English language abilities, education, job skills, and other traits. If you and your family meet the GSM program eligibility requirements and complete the application process successfully, you could be living in Australia and taking advantage of these excellent employment opportunities.
So, what do you think about living in Australia now? Are you ready to start your new life in Australia?