Why the Territory

Feel what it’s like to be part of a collective of doers and creators.

The Territory welcomes investment from those with the ambition and drive to make it happen. Our Territory welcome means access to decision makers and feeling connected and valued in ways you can’t anywhere else.

An ambitious growth agenda means government doesn’t just want to hear about your project, it wants to work with you to make it happen.

In the Territory, thinking big is nothing new. It’s what we do.

The Territory is home to renowned major projects and natural resources. There are boundless new opportunities ripe for those who are curious, ambitious and forward thinking.

Our Territory economy has grown rapidly over the past 15 years on the back of a stream of major projects.

As projects, such as the US$34 billion Ichthys Liquefied Natural Gas (LNG) project, have moved from a construction to operational phase, the Territory’s exports have increased exponentially.

The Territory Government has set an ambitious target to double economic growth to 5% through the realisation of a number of major projects already in the pipeline, sustainable economic development and attracting new private sector investment.

Skyscape of Darwin City at sunset
Territory GSP

International goods and service exports comprises 24% of Territory GSP1

Economic growth

In the financial years 2021-2023 economic growth is expected to average 2.7%2

Major exports

The Territory's major exports are liquefied natural gas, live animals, and mineral ores and concentrates3

Export and trade

Goods account for 93.5% of net exports and trade in services 6.5%4

Export destinations

Top three goods export destinations Japan, China and Korea5

The Territory is a land alive and inspiring where we don’t just dream of achieving, we thrive on it.

We are reaching for the stars in pursuit of new industries and are building on tradition through innovation and growth in established industries.

We have a vision for the future and know how to get there. The Territory’s growth agenda is targeted at private investment into key industries which the Territory has competitive advantages in including:

  • tourism
  • international education and training
  • energy
  • minerals
  • agribusiness
  • space.

Doing business in the Territory is an investment in unmatched proximity. Darwin is the closest Australian capital city to growing Asian markets, connected through a 24/7 international airport and the only functional deep water port in Northern Australia.

Northern Territory in relation to the rest of Asia Pacific
56% of the global population is in this region*

Flight times from Darwin

Dili, Timor Leste: 1h 20m
Denpasar, Indonesia: 2h 45m
Sydney, Australia: 4h 15m
Melbourne, Australia: 4h 15m
Singapore: 4h 30m
Shenzhen, China: 5h 40m.

1,3,4,5 Information sourced from nteconomy.nt.gov.au/international-trade
2 Information sourced from nteconomy.nt.gov.au/outlook
* Information sourced from www.un.org/en/development/desa/population/index.asp, region definitions: https://unstats.un.org/unsd/methodology/m49/