In 2023, agriculture contributed around 2.57 percent to the GDP of Australia, 27.65 percent came from industry, and 63.57 percent from the services sector. The same year, the Australian inflation rate, another important key indicator for its economic situation, amounted to 2.82 percent. Why is the inflation rate important?Inflation is the steady increase in price levels for consumer goods and services during a certain timespan. The European Central Bank considers a steady inflation rate of two percent a year beneficial for a stable economy – otherwise a country risks economic hardship. In the worst case, a country can experience either hyperinflation (like Venezuela), which is the rapid increase of prices to a point of economic collapse, or deflation, which is the decrease of prices and devaluation of money that can also lead to economic collapse. Up and down under Australia’s inflation has been clawing itself out of a slump in 2016, when it unceremoniously dropped to 1.25 percent due to falling petrol costs and oil prices. The following year, it recovered instantaneously and soared back to just under two percent, and forecasts see it reaching 2.52 percent by 2021. Australians don’t seem too worried about this outlier, and rightly so, since Australia’s economy is still one of the biggest in the Asia-Pacific region and worldwide.

The Gross Domestic Product (GDP) in Australia was worth 1728.06 billion US dollars in 2023, according to official data from the World Bank. The GDP value of Australia represents 1.64 percent of the world economy. This dataset provides - Australia GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news.

The statistic depicts Australia's gross domestic product (GDP) from 1987 to 2024, with projections up until 2030. In 2024, GDP in Australia amounted to about 1.8 trillion US dollars. See global GDP for a global comparison. Australia’s economy and population Australia’s gross domestic product has been growing steadily, and all in all, Australia and its economic key factors show a well-set country. Australia is among the countries with the largest gross domestic product / GDP worldwide, and thus one of the largest economies. It was one of the few countries not severely stricken by the 2008 financial crisis; its unemployment rate, inflation rate and trade balance, for example, were hardly affected at all. In fact, the trade balance of Australia – a country’s exports minus its imports – has been higher than ever since 2010, with a slight dip in 2012. Australia mainly exports wine and agricultural products to countries like China, Japan or South Korea. One of Australia’s largest industries is tourism, which contributes a significant share to its gross domestic product. Almost half of approximately 23 million Australian residents are employed nowadays, life expectancy is increasing, and the fertility rate (the number of children born per woman) has been quite stable. A look at the distribution of the world population by continent shows that Australia is ranked last in terms of population and population density. Most of Australia's population lives at the coast in metropolitan areas, since parts of the continent are uninhabitable. Unsurprisingly, Australia is known as a country with very high living standards, four of its biggest cities – Melbourne, Adelaide, Sydney and Perth – are among the most livable cities worldwide.

Australia GDP: % of GDP: Gross Value Added: Industry: Manufacturing data was reported at 5.363 % in 2023. This records a decrease from the previous number of 5.375 % for 2022. Australia GDP: % of GDP: Gross Value Added: Industry: Manufacturing data is updated yearly, averaging 9.580 % from Dec 1990 (Median) to 2023, with 34 observations. The data reached an all-time high of 13.789 % in 1990 and a record low of 5.363 % in 2023. Australia GDP: % of GDP: Gross Value Added: Industry: Manufacturing data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Australia – Table AU.World Bank.WDI: Gross Domestic Product: Share of GDP. Manufacturing refers to industries belonging to ISIC divisions 15-37. Value added is the net output of a sector after adding up all outputs and subtracting intermediate inputs. It is calculated without making deductions for depreciation of fabricated assets or depletion and degradation of natural resources. The origin of value added is determined by the International Standard Industrial Classification (ISIC), revision 3. Note: For VAB countries, gross value added at factor cost is used as the denominator.;World Bank national accounts data, and OECD National Accounts data files.;Weighted average;Note: Data for OECD countries are based on ISIC, revision 4.

The Gross Domestic Product (GDP) in Australia expanded 0.20 percent in the first quarter of 2025 over the previous quarter. This dataset provides - Australia GDP Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

According to a survey conducted in July and August 2024 on startups in Australia, artificial intelligence and software development were the leading industries for startups in the country. Both clean energy and waste and decarbonization were new industries that applied strongly to startups in Australia.

Graph and download economic data for Production, Sales, Work Started and Orders: Production Volume: Economic Activity: Industry (Except Construction) for Australia (AUSPROINDAISMEI) from 1975 to 2023 about Australia, IP, and indexes.

GDP from Manufacturing in Australia decreased to 33731 AUD Million in the fourth quarter of 2024 from 34512 AUD Million in the third quarter of 2024. This dataset provides - Australia Gdp From Manufacturing- actual values, historical data, forecast, chart, statistics, economic calendar and news.

The Basic Organic Chemical Manufacturing industry has undergone structural and operational changes over the past few years. Several companies have ceased or cut down local production because of changing market conditions, and the industry is in the decline phase of its economic life cycle. Various other chemical sectors use basic organic chemical products as raw material inputs to manufacture petrochemicals, pharmaceuticals, personal-care products, coatings, plastics and explosives. Many of these industries, as are upstream petrochemical suppliers, are undergoing structural change, given ongoing cuts to Australia's refining and associated petrochemical capacity. Volatile chemical prices, rationalisation in the global chemical market and intense import competition have influenced the industry. Gas and oil prices have fluctuated, and feedstock prices have hiked up, making it more expensive for many companies to produce basic organic chemicals. While automation and downsizing have allowed larger manufacturers to maintain their profit margins, high purchase costs and a struggle to compete with imports from overseas have cut into industry performance. Overall, revenue is expected to grow at an annualised 4.1% to $1.9 billion over the five years through 2024-25, although this rate is distorted by a very high degree of revenue volatility. This trend includes an anticipated contraction of 9.1% in the wake of the recent collapse of Qenos, a strategically important olefin and polyolefin manufacturer. Given the integrated nature of the broader chemical sector, its demise will have significant ramifications. Conditions will be less volatile in the coming years, while modest demand from the Manufacturing division will also support revenue. Despite these improvements, manufacturers will likely continue to struggle to compete with imports, which are on track to remain high. Simultaneously, an appreciating Australian dollar is set to make Australian basic organic chemical exports less competitive in international markets. Environmental regulations are likely to escalate, and the costs associated with adhering to them are set to weigh on manufacturers, as will growing moves by their customer base to decarbonise their operations. Given these conflicting variables, revenue is set to climb at an annualised 1.1% to $2.0 billion over the five years through 2029-30.

Graph and download economic data for Production, Sales, Work Started and Orders: Production Volume: Economic Activity: Industry (Except Construction) for Australia (AUSPROINDQISMEI) from Q3 1974 to Q4 2023 about Australia, IP, and indexes.

In the financial year 2021, the mining industry in Australia accounted for almost 11 percent of real gross value added to the economy. In the same fiscal year, the financial and insurance services reported around 9.3 percent of real gross value added to the economy.

The industry is highly fragmented due to the diverse nature of the products, with many firms producing low quantities of specialised products. Downstream markets, like mining and manufacturing, strongly influence the industry's performance. Industry revenue is expected to grow at an annualised 3.3% over the five years through 2023-24 to $2.8 billion. This includes an expected 2.1% decline in the current year due to slow growth in downstream demand stemming from a sharp rise in interest rates.A strong performance in the industry's major market, mining, has contributed to revenue growth over the past five years. Rising capital expenditure by the private sector has supported manufacturers. Imports from manufacturers in nations like China have accounted for a high proportion of domestic demand. They are driving out local producers relying on low domestic production costs to remain profitable. Foreign manufacturing hubs typically have low labour costs and specialise in manufacturing high-quantity, standardised products. Despite rampant import competition, industry enterprise and establishments numbers have risen as domestic manufacturers dominate niche markets, creating bespoke, high-quality products.Industry revenue is forecast to fall at annualised 0.7% over the five years through 2028-29 to $2.7 billion. Mixed demand conditions in key downstream industries, like manufacturing, will likely limit revenue growth. Actual capital expenditure on mining is set to grow over the next five years, which is set to support industry growth. An anticipated appreciation of the Australian dollar over the next five years will likely reduce domestic product competitiveness, constraining export revenue. However, a continued shift towards high-value specialised manufacturing is likely to offset this decline and support an increase in profitability over the period. Import competition is slated to continue threatening industry players as developed countries continue to innovate and produce products on par with domestic manufacturers. This trend is anticipated to be an additional barrier for domestic manufacturers who have pivoted to creating high-value products.

Export: ANZSIC 2006: Value: FOB: Manufacturing: Basic Chemical & Chemical Product data was reported at 1,098.000 AUD mn in Mar 2025. This records an increase from the previous number of 804.000 AUD mn for Feb 2025. Export: ANZSIC 2006: Value: FOB: Manufacturing: Basic Chemical & Chemical Product data is updated monthly, averaging 648.000 AUD mn from Jul 2005 (Median) to Mar 2025, with 237 observations. The data reached an all-time high of 1,156.000 AUD mn in Nov 2022 and a record low of 378.000 AUD mn in Jan 2014. Export: ANZSIC 2006: Value: FOB: Manufacturing: Basic Chemical & Chemical Product data remains active status in CEIC and is reported by Australian Bureau of Statistics. The data is categorized under Global Database’s Australia – Table AU.JA014: Exports: by Industry: by ANZIC.

The size of the Australia E-commerce Industry market was valued at USD XX Million in 2023 and is projected to reach USD XXX Million by 2032, with an expected CAGR of 13.70% during the forecast period.Electronic commerce is short for buying and selling products or services electronically using such channels as the internet and mobile phones. E-commerce has come to cover everything, from online retailers and auction sites to digital marketplaces and Internet banking.In Australia, the e-commerce industry has grown significantly over the past few years, influenced by factors such as increased internet penetration, the emergence of smartphones and mobile commerce, and changes in consumer behavior. The industry is important to the Australian economy because it creates jobs, boosts economic growth, and increases consumer choice.The online business offers lots of benefits both to the customers and the vendors. For vendors, it means a cost-effective reach to a more extensive market space and 24/7 functioning. For the customer, it means a convenient way of accessing a broader range of goods and services than ever before while comparing prices.Some of the key trends shaping the Australian e-commerce industry include mobile commerce, the growing importance of social media, cross-border e-commerce, and the use of artificial intelligence and machine learning to personalize the customer experience. Recent developments include: April 2022 - Pinterest announced a strategic partnership with the E-commerce platform WooCommerce, which will enable WooCommerce's 3.6 million merchants the convert their product catalogs into Shoppable Pins on Pinterest. with this partnership, a new Pinterest app within WooCommerce would be launched, which will include various Pinterest shopping features such as tag deployment and catalog ingestion., May 2022 - Marketplacer announced the completion of a new holistic online marketplace for True Woo, offering a range of products and services targeted at individuals seeking ways to improve their wellbeing. The E-commerce platform says the marketplace it has created for True Woo features products and services designed to improve mental, emotional, physical, and spiritual health.. Key drivers for this market are: Rise in Purchase Frequency and Online Spending, Rising Adoption of Click and Collect Services. Potential restraints include: , High Cost of Equipment than Conventional Radiography is Discouraging the Market Growth. Notable trends are: Rise in Purchase Frequency and Online Spending.

Graph and download economic data for Infra-Annual Labor Statistics: Employment: Economic Activity: Industry (Except Construction): Total for Australia (LFEAINTTAUQ647N) from Q1 1985 to Q1 2025 about Australia, construction, employment, and industry.

Australia Employment: Full Time: Females: Manufacturing: Primary Metal & Metal Product data was reported at 8.030 Person th in Feb 2025. This records an increase from the previous number of 5.356 Person th for Nov 2024. Australia Employment: Full Time: Females: Manufacturing: Primary Metal & Metal Product data is updated quarterly, averaging 5.356 Person th from Nov 1984 (Median) to Feb 2025, with 162 observations. The data reached an all-time high of 11.474 Person th in May 2011 and a record low of 1.822 Person th in Feb 2002. Australia Employment: Full Time: Females: Manufacturing: Primary Metal & Metal Product data remains active status in CEIC and is reported by Australian Bureau of Statistics. The data is categorized under Global Database’s Australia – Table AU.G024: Employment: by Sex and by Industry: Full Time.

Graph and download economic data for Production: Industry: Total Industry Excluding Construction for Australia (PRINTO01AUQ657S) from Q4 1974 to Q1 2025 about Australia, IP, and construction.

Graph and download economic data for Production: Manufacturing: Total Manufacturing for Australia (PRMNTO01AUA657S) from 1976 to 2024 about Australia, IP, and manufacturing.

While current revenue figures have seen continued growth for the five years through 2024-25, inflation has meant that it has materially declined over the same period. Currently, revenue for the Government Schools industry sits at an estimated $70.5 billion, reflecting an annualised contraction of 1.2% since 2019-20 and a 2.5% drop compared to 2023-24 figures. As the Australian population aged between 5 and 18 grows, demand for public schools continues to swell. Government schools are mainly funded by state and federal governments, with education being a critical part of their budgets. Secondary to this, schools also receive funding from donations and fundraising. However, the cost-of-living crisis has threatened this additional revenue stream. Many parents perceive private schools as of a higher quality than government schools, partly because of marketing efforts to boost their reputation. This competition has meant that public schools have faced staff shortages as teachers move to private schools to receive the higher salaries offered. Private schools can offer these wages as, unlike public education providers, they receive sizable fees from parents. In contrast, public schools operate not-for-profit, limiting their ability to pay staff higher salaries. Looking to the future, government schools will continue to derive growing revenue from government funding. The 2024-25 Victorian budget contains $753.0 million for school maintenance and upgrades, and $139.0 million for getting more teachers into schools as the state attempts to fight staff shortages. The NSW 2024-25 budget includes $8.9 billion to continue the development of school infrastructure in both regional New South Wales and the rapidly growing Western Sydney. Overall, government schools' revenue is expected to climb at an annualised 1.5% through the end of 2029-30, to total $75.9 billion.

Firms in the Rock, Limestone and Clay Mining industry have faced a mixed past couple of years, with a wide divergence in performance between the large players in the industry, and the small to medium size competitors. The entire industry is very reliant on construction activity in Australia, which was severely constrained by the COVID-19 outbreak and the subsequent global supply chain disruptions and cash rate rises. Overall, industry revenue is expected to fall at an annualised 1.0% over the past five years, including an expected 3.7% drop in 2023-24 to total an estimated $4.4 billion. Larger players in this industry were far better placed to manage the intersecting challenges thrown up by the COVID-19 outbreak. The three largest firms in this industry – Boral, Holcim and Hanson – are all vertically integrated construction material producers which operate in a range of industries. They operate industry-specific quarries strategically located on the urban fringes of major cities to service larger production systems, including concrete and asphalt production facilities. This dynamic places these firms in a far better market position to manage potentially volatile demand, price fluctuations and disruptions to supply chains. When most firms faced rising cost pressures in 2021-22 and 2022-23, vertically integrated firms like Boral were well placed to pass on these costs to customers through higher prices, while many smaller competitors struggled. Therefore, while Boral and Holcim posted an improvement in industry-specific earnings, on an industry-wide level, profit margins have trended downwards since 2018-19. The industry is projected to grow moderately over the next five years as it recovers from the economic effects of the COVID-19 pandemic, as capacity constraints ease over time and construction activity in Australia trends upwards. Industry revenue is forecast to increase at an annualised 1.0% over the five years through 2028-29, to $4.7 billion. Crushed rock volumes are forecast to grow, while cost pressures are projected to ease, fuelling an uptick in industry profitability. Yet, on the other hand, a recent surge in interest rates will shift the investment picture for governments, potentially weakening demand from large-scale infrastructure projects.