Is Australia still the lucky country? That phrase has been part of our national identity for decades, but in a world of rising costs, global competition, and shifting demographics, does it still hold true?

In today's show, we explore Australia's current standing compared to other nations and how its position has evolved since the 1990s.

Whether you're a property investor, a business owner, or just curious about how Australia stacks up, stay tuned – this should be a fascinating conversation about prosperity, perception, and our future.

 

Takeaways 

 

·         Australia's GDP per capita ranks above Canada and the Netherlands.

·         Australia's economy relies heavily on mining, agriculture, tourism, and education.

·         Demographics and immigration have significantly driven Australia's economic growth.

·         There is a need for Australia to diversify its economy to reduce reliance on mining.

·         Wealth distribution in Australia shows significant inequality despite overall wealth.

·         The property market has absorbed much of Australia's newfound wealth.

·         Australia's energy prices need to be addressed for future economic growth.

·         Comparative analysis with countries like Brazil and Germany reveals strengths and weaknesses.

·         The perception of being 'lucky' can mask underlying economic challenges.

·         Future prosperity will depend on strategic policy decisions regarding energy and housing.

 

Chapters 

 

01:38 - Dumb Luck or Smart Strategy: Australia's Resource-Driven Wealth 

06:43 - Mining, Juicy GDP and Why Canada Can't Keep Up 

10:18 - Migration as the Hidden Engine of GDP Growth 

15:42 - Inequality, Generations and the Risk of a Victim Mentality 

22:04 - Can Australia Stay Lucky? Diversification, Energy Costs and the Next 30 Years

 

 

About Simon Kuestenmacher

 

Simon Kuestenmacher  is co-founder and Director – The Demographics Group

 

Simon is a prolific media commentator on demographic and data matters and a columnist for The New Daily and The Australian newspapers.  

 

He ranks as one of the world's Top 10 influencers in data visualisation. If you can't get enough of the kind of data that explains how the world works, make sure to follow Simon on Linked In or X (formerly Twitter) <span lang="EN-GB" style="font-size: 12.0pt; font-family: 'Arial',sans-serif; color: