Almost 200 foreign companies generate more than $200m a year in Oz

Australia has close to the worst foreign investment ratio of any modern western economy. There are about 40 Australian companies generating more than $200 a year in revenue offshore yet almost 200 foreign companies do the same in Australia.

This is one of the great tragedies of Australia. Our go to the beach attitude, dividend franking, excessive consumption, poor savings, shoddy management, poor governments, excessive union power and obsession with all things leisure has made us the most globalised economy in the world.

Unfortunately, all the globalising is being done by foreign companies coming here. We might have Aussies running Ford, Coca-Cola, Phillip Morris, Campbell Soup, Rio Tinto and the world’s biggest drinks company Diagio, but the Australian-owned companies have largely failed to perform on the global stage.

The rare exceptions include Westfield, Lend Lease, NAB, AMP and Brambles but there should be dozens of top companies kicking goals offshore.

Anyway, check out this astonishingly long list below and send in any additions or corrections you can think of.

Australian Companies Generating More Than $200M Overseas

Foreign Companies Generating More Than $200m In Australia Each Year