Read our Canberra business report for key insights into our nation's capital

Canberra is on the rise, developing a national blueprint for growth and innovation. 

With the right investment in its strengths: cultural institutions, infrastructure, and the startup ecosystem, Canberra could shine as Australia’s most liveable and sustainable city. 

Although the city faces challenges such as high housing costs and the need for economic diversification, there are also opportunities for increased private investment and growth in the private sector.

With the right support, Canberra can continue to grow and attract global talent. That means supporting the business community and fostering Canberra's entrepreneurial spirit.

Explore the full report to uncover the opportunities Canberra provides for businesses and residents alike.  
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Canberra has enjoyed three decades of uninterrupted economic growth, making it one of Australia’s most resilient economies.

With high median wages and the lowest unemployment rate in the country, Canberran consumers enjoy significant spending power. While the public sector remains a stronghold, the private sector is growing rapidly, creating new opportunities for businesses and investors.

However, Canberra faces challenges, including a recent credit rating downgrade from AAA to AA+, likely due to high public service wages. Despite this, steady growth and a commitment to innovation make Canberra a prime location for long-term investment.

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Canberra’s economic outlook.         

The city’s density offers many advantages to residents: a planned infrastructure that ensures everywhere is easy to access and networking opportunities with key decision-makers are everywhere. 

However, the city’s high standard of living does come at a cost – and managing urban densification projects to keep up with the burgeoning population will be a challenge for local developers and city planners.  

The ACT Government's wellbeing framework prioritises quality living and inclusivity in all planning and development, which will come into play as the city develops infrastructure for public transport and housing to support this growth.

Read the full report to learn more about Canberra's population growth and urban development plans.DOWNLOAD THE REPORT

The Canberra Business Chamber highlights the growth of sectors outside of public administration, with significant contributions from professional, scientific, technical services, and accommodation and food services.

In fact, Canberra is home to several key industries, including defence, cybersecurity, ICT, renewable energy, and higher education. These sectors provide significant employment opportunities, attract investment, and position Canberra as a leader in technological advancement. With a strong emphasis on research and development, Canberra is also fast becoming a hub for cutting-edge innovation and sustainability initiatives.

The city's ability to foster a growing private sector while maintaining a highly skilled public workforce ensures a balanced and resilient economy. Supporting local businesses and startups remains a priority to maintain steady industry growth.

Read the full report to learn more about the key industries driving Canberra's economy. Download the report >>

The city’s future is focused on expanding its knowledge economy, investing in green initiatives, and fostering an inclusive and prosperous community. With policies aimed at supporting small businesses, boosting private sector investment, and strengthening infrastructure, Canberra is on track to become one of the most liveable cities in the world.

While challenges remain, such as high housing costs and the need for economic diversification, Canberra’s commitment to progress ensures a bright future. By leveraging its strengths and supporting emerging industries, the city is well on its way to realising its vision as a leading innovation capital.

The city’s future is focused on expanding its knowledge economy, investing in green initiatives, and fostering an inclusive and prosperous community. With policies aimed at supporting small businesses, boosting private sector investment, and strengthening infrastructure, Canberra is on track to become one of the most liveable cities in the world.

While challenges remain, such as high housing costs and the need for economic diversification, Canberra’s commitment to progress ensures a bright future. By leveraging its strengths and supporting emerging industries, the city is well on its way to realising its vision as a leading innovation capital.

Download the full report to see Canberra’s roadmap for the future.