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    Australia

    Extended
    Oceania · #26 of 117 markets · IEPA 2024 (final) · 2026 current estimate available
    68.8▼ -0.8 YoY
    ●●○0.79IEPA COMPOSITE

    Australia scores 68.8 out of 100 on the IEPA (2024 edition), ranking #26 of 117 economies. That is down 0.8 points on the year before. Its strongest zone is Entrepreneurship Capacity at 86.7. Its binding constraint, the lowest-scoring of its six zones, is FDI Accelerator at 38.0. How the IEPA works →

    SIX FACTORS · CLICK ANY SCORE FOR ITS EVIDENCE
    IEPA TRAJECTORY · 2010–2026
    201120132015201720192021202320264854606672
    CAPITAL FLOWS · FDI NET INFLOWS % OF GDP
    201020112012201320142015201620172018201920212023202502468
    IE FDI intelligence · synced weekly
    PRODUCTIVE CAPABILITY
    IE COMPLEXITY LAYER · VINTAGE 2024
    #73of 145 ranked economies▼ 14 places since 2010
    How much productive know-how this market has demonstrated, read from the range and rarity of what it makes competitively.
    20102011201220132014201520162017201820192020202120222023202455606574
    CAPABILITY RANK · HIGHER IS BETTER
    1.24% / yr
    Implied growth
    Annual growth the current capability base points to.
    137
    Diversity
    Distinct products made at competitive scale.
    +0.13
    Capability score
    Standardized: 0 is the world average.
    -0.02
    Outlook
    Value of the new products within reach of what it already does.
    READ ALONGSIDE THE INDEX
    This market sits in the top 15% on the IEPA composite but the bottom 43% on productive capability. The wider system is converting more than the productive base alone would predict, which puts the question on how durable that is. Both figures rank the same 115 markets that carry each measure.
    INDUSTRY STRENGTHS · REVEALED FROM TRADE EVIDENCE
    VINTAGE 2022-2024
    POSITION IN THE PRODUCT SPACE
    IE COMPLEXITY LAYER · VINTAGE 2024
    Minerals20 of 48 made · 71% of the rest within reach
    Agriculture21 of 200 made · 36% of the rest within reach
    Industrial Chemicals and Metals15 of 157 made · 33% of the rest within reach
    Electronic and Electrical Goods4 of 73 made · 19% of the rest within reach
    Metalworking and Electrical Machinery and Parts6 of 155 made · 16% of the rest within reach
    Construction, Building, and Home Supplies3 of 104 made · 19% of the rest within reach
    Textile and Home Goods2 of 78 made · 4% of the rest within reach
    Textile Apparel and Accessories1 of 50 made · 4% of the rest within reach
    MADE COMPETITIVELYONE STEP AWAY
    Widest opening is Minerals. This market makes 42% of that cluster today, and 71% of what it does not make sits one step from something it already does.
    Textile Apparel and Accessories is the furthest: 2% made, and only 4% of the rest is within one step. A move there means building capability rather than extending it.
    READ ON THE 72 OF 137 COMPETITIVE PRODUCTS THAT CARRY A POSITION IN THE CAPABILITY MAP
    POSITIONED TO BUILD NEXT
    IE COMPLEXITY LAYER · VINTAGE 2024
    Other articles of precious metals$7B world market
    Consumer Goods & RetailOPENS 0.28 · COMPLEXITY +0.72
    Other vegetables, frozen$14B world market
    Agrifood & FisheriesOPENS 0.17 · COMPLEXITY +0.09
    Silicon & rare gases$11B world market
    Chemicals & PlasticsOPENS 0.15 · COMPLEXITY -0.17
    Butter$11B world market
    Agrifood & FisheriesOPENS 0.12 · COMPLEXITY -0.41
    Chemical woodpulp, soda or sulfate$36B world market
    Wood, Paper & FurnitureOPENS 0.12 · COMPLEXITY +0.36
    Malt extract$24B world market
    Agrifood & FisheriesOPENS 0.10 · COMPLEXITY -0.34
    THE NEAREST OPTIONS AMONG 450 PRODUCTS ASSESSED · RANKED BY HOW MUCH EACH OPENS UP NEXT
    ECOSYSTEM DENSITY
    IE Ecosystem Registry · 2026-10-11
    1,802organizations indexed across 10 types · 1,793 mapped
    Research organizations
    644
    Universities & research bodies
    380
    Health research
    260
    Government bodies
    247
    Corporate R&D
    237
    Science & tech parks
    23
    Fab labs & makerspaces
    7
    company
    2
    investor
    1
    Accelerators
    1
    Universities, corporate R&D, government bodies, incubators, accelerators, science parks, and special economic zones, indexed today.Explore the directory →
    ORGANIZATIONS
    a sample of 1,802 indexed
    Connect Macquarie Park Innovation District
    Science & tech parks · Macquarie Park
    Sunraysia Institute of TAFE
    Universities & research bodies · Mildura · 1979
    University of Southern Queensland
    Universities & research bodies · Toowoomba · 1967
    UNE Partnerships (Australia)
    Corporate R&D · Armidale · 1997
    Australian Pork (Australia)
    Corporate R&D · Canberra · 2000
    Bulgarr Ngaru Medical Aboriginal Corporation
    Research organizations · Grafton · 1991
    Tasmanian Salmonid Growers Association
    Research organizations · Sandy Bay · 1960
    Douglass Hanly Moir Pathology
    Health research · Sydney
    Sydney Dental Hospital
    Health research · Sydney · 1901
    Lake Mac Libraries Fab Lab
    Fab labs & makerspaces · Windale
    Members get the full directory, filters, and exports.See all 1,802 organizations →

    Australia: common questions

    What is Australia's IEPA score?
    Australia scores 68.8 out of 100 on the IEPA, 2024 edition, which ranks it #26 of 117 economies.
    What is Australia's strongest zone?
    Entrepreneurship Capacity, at 86.7. The six zones are scored separately, so a market's strengths stay visible instead of being averaged away.
    What is holding Australia back?
    Its binding constraint is FDI Accelerator, at 38.0, the lowest of its six zones. The IEPA reports every zone separately so the constraint stays visible instead of being averaged into the composite.
    How does Australia compare with its peers?
    The closest scored peers are Austria (65.8), Croatia (66.4), Lithuania (66.8), Estonia (67.0).
    What is the IEPA?
    The Innovation Ecosystem Prosperity Assessment (IEPA) scores economies across six zones: innovation capacity, entrepreneurship capacity, resilience, alignment, the FDI accelerator, and prosperity outcomes. Every score carries a confidence band and traces to the evidence behind it.
    Run the full diagnostic →Talk to IE about Australia →