Building the Territory 14-15 September 2016

Presentation:

Mr Luke BowenGeneral Manager, Northern Australia Development Office

@nthaust @fanniebay

#developingthenorth

@BowenLuke

Developing the North – NT

Government Policy – Federal, State & Territory

Areas of focus – industries, people, place

Wider context – our region

Today

Northern Australia - Commonwealth

POLICIES / WHITE PAPERS

Northern Australia WP

Agriculture WP

Defence WP

Developing the North

Northern Territory

Governance

Northern Territory Economic Output

Source: ABS cat. no. 52200; The Department of Treasury and Finance

AD 1

1950

2025

1820

Evolution of the earths economic activity – McKinsey Global Institute

Evolution of Global Economy

Our regionEconomic positioning drives strategic, political and cultural influence in our region.

- Australia is the 12th largest global economy.

- China is the 2nd

largest economy and will soon be the largest economy in the world.

- India is moving to become the 2nd

largest global economy.

- Indonesia is likely to become the 4-5th largest economy within 30 years.

- All our neighbours are increasing their size and reach.

Northern Territory Connectivity

Source: Department of Treasury and Finance, ABS, International Trade in Goods and Services, Cat No.5368.0

13 politicians (Commonwealth)

47% land mass60% + exports earnings

213 politicians (Commonwealth)

Influence

Our Challenge: The story of the next decade

-1.0%

-0.5%

0.0%

0.5%

1.0%

1.5%

2.0%

2.5%

1980s 1990s 2000s to 2013 Decade to2023

Productivity & other Participation

Terms of trade Total living standards

2014 Deloitte Private Pty Ltd

Positioning for prosperity….

Mega trends….

新丝绸之路---中国正在整合新的贸易路线，将周边国家地区紧密的联系在一起

提议的丝绸之路线路

丝绸之路经济带

21世纪海上丝绸之路

油气管道原油天然气

提议的正在兴建的项目

铁路接入点

铁路接入点 提议

Government Policy – Federal, State & Territory

Investment – Infrastructure & human capital

People – Population growth & jobs

Innovation – Entrepreneurs, research & development

Enablers

Policy: Our North, Our Future: White Paper on Developing Northern Australia

• Delivering economic infrastructure

• Improving land use and access

• Improving water access and management

• Promoting trade and investment

• Fostering education, research and innovation

• Enhancing governance

30% people

50% land

80% coastline

People – Future Workforce

• NT Businesses = 14 289 / 95% small business (2014)

• Todays school kids will have 10-14 jobs by the age of 38

• We are preparing students for jobs that don’t exist yet

• By 2025 millennials (circ 80s – 2000) will make up 75% of the global workforce

• The top 10, in demand jobs in 2010 didn’t exist in 2004

Innovation

What people love about the NT?

Ref: Deloitte / Aust Post surveys

Northern Territory Population Growth (1996 – 2016)

- 4

- 2

0

2

4

6

8

96 97 98 99 00 01 02 03 04 05 06 07 08 09 10 11 12 13 14 15 16

Total Growth

Number (persons) (000)

Natural Increase

Net Overseas

Migration

Net Interstate Migration

Year ended June

Our region: our place?

Governance

Contacts Us

Phone: 1800 733 458Email: nado.nt@nt.gov.au

Website: www.northernaustralia.nt.gov.au

Developing-the-north

@nthaust @fanniebay#developingthenorth