|
2009 update on Investment Survey
August 2006
Benefits of Investment
The results of the survey confirmed that the investment by EU companies has had a very positive effect on the Australian economy. The estimated 2,300 companies from the EU have directly increased the size of the economy, created employment, improved the trade balance and had a range of other secondary positive benefits.
Turnover
The aggregated survey results suggests that total turnover or sales for EU companies in Australia are approaching $A180bn or just over 12% of total sales in Australia in 2005. Within the EU total, the UK is the largest contributor accounting for an estimated 38% ($A68bn), followed by Germany with 27% ($A49bn), the Netherlands with 22% ($A38bn) and Sweden with 5% ($A8bn) (see Appendix 4 and Figure 2 for detail).
Underscoring the positive contribution of EU investment, the survey suggests that approximately 42% of the total turnover by EU companies is in manufacturing, with a further 17% in the finance and insurance sector. Mining and wholesale trade activities both account for just under 10% each, while construction accounts for a further 9% of EU company turnover. Together these five sectors account for some 87% of the total turnover of EU companies (see Appendix 5 and Figure 3 for detail).
Information by State was only collected in the survey by location of the companies' head office, which means that data by State has to be used with caution, particularly for those companies whose activities are spread throughout Australia, such as those in the retail and hospitality sectors. With this caveat, turnover by State is very much concentrated in New South Wales, which accounts for an estimated 62% of total EU company turnover in Australia. Victoria accounts for around 31% of turnover, Queensland for 5% and the other States for less than 1% each (see Appendix 5 for detail).
Appendix 4: Number of EU companies in Australia , their turnover, employment and exports
by major EU Member States
Country |
Number of companies |
Estimate of turnover |
Estimate of employment |
Estimate of exports |
|
(No) |
% |
($Amn) |
% |
('000) |
% |
($Amn) |
% |
Austria |
60 |
2.6 |
500 |
0.3 |
1.1 |
0.3 |
. |
. |
Belgium |
40 |
1.7 |
2,300 |
1.3 |
5.8 |
1.5 |
300 |
3.9 |
Denmark |
70 |
3.1 |
1,700 |
1.0 |
24.5 |
6.1 |
. |
. |
Finland |
45 |
2.0 |
3,400 |
1.9 |
1.8 |
0.5 |
200 |
2.6 |
France 1 |
270 |
11.8 |
n.a. |
n.a. |
85.0 |
21.3 |
n.a. |
n.a. |
Germany 1 |
335 |
14.6 |
48,500 |
27.4 |
69.0 |
17.3 |
n.r. |
n.r. |
Ireland |
55 |
2.4 |
300 |
0.2 |
0.9 |
0.2 |
0 |
0.0 |
Italy |
90 |
3.9 |
4,200 |
2.4 |
9.9 |
2.5 |
700 |
9.2 |
Luxembourg |
10 |
0.4 |
1,100 |
0.6 |
2.2 |
0.5 |
. |
. |
Netherlands |
90 |
3.9 |
38,000 |
21.5 |
37.2 |
9.3 |
n.r. |
n.r. |
Spain |
50 |
2.2 |
600 |
0.3 |
0.7 |
0.2 |
400 |
5.3 |
Sweden 1 |
160 |
7.0 |
8,000 |
4.5 |
30.0 |
7.5 |
n.a. |
n.a. |
United Kingdom |
1,000 |
43.6 |
68,000 |
38.4 |
131.2 |
32.8 |
6,000 |
78.9 |
Other EU |
20 |
0.9 |
400 |
0.2 |
0.3 |
0.1 |
. |
. |
EU25 Total |
2,295 |
100.0 |
177,000 |
100.0 |
399.6 |
100.0 |
7,600 |
100.0 |
Appendix 5: Share of the number of EU companies, their turnover and employment in Australia
by sector and State (percent)
Sector / State |
Number of companies |
Turnover |
Direct Employment |
|
By Sector |
|
|
Accommodation, Cafes and Restaurants |
2.2 |
1.1 |
4.8 |
Agriculture, Forestry and Fishing |
3.3 |
1.1 |
1.9 |
Communication Services |
1.5 |
1.7 |
1.2 |
Construction |
5.5 |
8.8 |
12.1 |
Cultural and Recreational Services |
1.1 |
0.1 |
0.2 |
Education |
1.5 |
0.1 |
0.2 |
Electricity, Gas and Water Supply |
0.7 |
0.1 |
0.1 |
Finance and Insurance |
11.3 |
17.4 |
9.2 |
Government Administration and Defence |
1.5 |
0.3 |
0.4 |
Health and Community Services |
2.2 |
0.7 |
1.9 |
Manufacturing |
26.2 |
42.2 |
28.8 |
Mining |
4.0 |
9.8 |
9.6 |
Personal and Other Services |
0.7 |
0.1 |
0.2 |
Property and Business Services |
7.3 |
2.5 |
12.8 |
Retail Trade |
4.4 |
1.2 |
2.3 |
Transport and Storage |
6.2 |
3.0 |
7.3 |
Wholesale Trade |
20.7 |
9.8 |
7.1 |
Total |
100.0 |
100.0 |
100.0 |
|
By State |
|
|
New South Wales |
75.8 |
62.2 |
74.5 |
Queensland |
4.4 |
5.0 |
8.4 |
South Australia |
3.6 |
0.9 |
1.7 |
Tasmania |
0.4 |
0.1 |
0.1 |
Victoria |
12.1 |
31.1 |
14.8 |
Western Australia |
3.6 |
0.8 |
0.6 |
Total |
100.0 |
100.0 |
100.0 |
Source: European Commission (2006), Survey of EU companies in Australia
1 Not part of the survey, Member State estimates
n.a. not available
n.r. not reliable . negligible
to download complete document (pdf) click here
For further information please contact:
John Tuckwell, Senior Adviser, Economic and Trade; Tel 02 6271 2734 ;
Email: john.tuckwell@eeas.europa.eu
Media Enquiries: Roger Camilleri, Senior Adviser, Media & Public Affairs ; Tel 02 6271 2744; Email: roger.camilleri@eeas.europa.eu
This page updated
October 22, 2009
|
