This has been primarily due to the strength of investment in the resources sector, which reached its highest share of activity in more than a century. So, unlike in other countries, there has been a significant addition to the capital stock in Australia over the past decade. We are seeing the fruits of that investment in the strong growth in resource exports.
Today I would like to compare and contrast the investment experience in Australia with that of other countries. I will also compare and contrast investment in the resources sector in Australia with investment in the rest of the economy, where the experience is more similar to that elsewhere in the world.