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 1752.19 billion US dollars in 2024, according to official data from the World Bank. The GDP value of Australia represents 1.65 percent of the world economy. This dataset provides - Australia GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news.

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.

Australia GDP: % of Manufacturing: Food, Beverages and Tobacco data was reported at 23.010 % in 2022. This records a decrease from the previous number of 25.477 % for 2021. Australia GDP: % of Manufacturing: Food, Beverages and Tobacco data is updated yearly, averaging 18.406 % from Dec 1963 (Median) to 2022, with 34 observations. The data reached an all-time high of 27.037 % in 2014 and a record low of 13.908 % in 1968. Australia GDP: % of Manufacturing: Food, Beverages and Tobacco 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. Value added in manufacturing is the sum of gross output less the value of intermediate inputs used in production for industries classified in ISIC major division D. Food, beverages, and tobacco correspond to ISIC divisions 15 and 16.;United Nations Industrial Development Organization, International Yearbook of Industrial Statistics.;;

In 2020, the economic contribution of the tech sector in Australia totaled *** billion Australian dollars. The largest portion of this came from businesses in other sectors adopting technology. The size of the tech sector was forecast to increase to *** billion Australian dollars by 2030.

Australia: Value added in the agricultural sector as percent of GDP: The latest value from 2023 is 2.57 percent, a decline from 2.67 percent in 2022. In comparison, the world average is 9.91 percent, based on data from 166 countries. Historically, the average for Australia from 1990 to 2023 is 2.78 percent. The minimum value, 2.01 percent, was reached in 2020 while the maximum of 4.19 percent was recorded in 1990.

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.

Claims on other sectors of the domestic economy (annual growth as % of broad money) in Australia was reported at --0.1633 % in 2024, according to the World Bank collection of development indicators, compiled from officially recognized sources. Australia - Claims on other sectors of the domestic economy (annual growth as % of broad money) - actual values, historical data, forecasts and projections were sourced from the World Bank on July of 2025.

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.

IBISWorld has outlined key AU industries that are set to fly and fall by 2030. Several new industries feature among the Australian economy’s risers and fallers.

Assets: Stock: Financial Assets: One Name Paper data was reported at 57,427.000 AUD mn in Dec 2024. This records a decrease from the previous number of 60,195.000 AUD mn for Sep 2024. Assets: Stock: Financial Assets: One Name Paper data is updated quarterly, averaging 3,970.000 AUD mn from Jun 1988 (Median) to Dec 2024, with 147 observations. The data reached an all-time high of 68,014.000 AUD mn in Dec 2023 and a record low of 299.000 AUD mn in Jun 1990. Assets: Stock: Financial Assets: One Name Paper 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.AB002: SNA08: SESCA08: Funds by Sector: Total Economy: Stock.

Assets: Flow: Financial Assets: Monetary Gold & SDRs data was reported at -1,606.000 AUD mn in Dec 2024. This records a decrease from the previous number of 425.000 AUD mn for Sep 2024. Assets: Flow: Financial Assets: Monetary Gold & SDRs data is updated quarterly, averaging -1.000 AUD mn from Jun 1988 (Median) to Dec 2024, with 147 observations. The data reached an all-time high of 13,122.000 AUD mn in Sep 2021 and a record low of -1,990.000 AUD mn in Dec 2022. Assets: Flow: Financial Assets: Monetary Gold & SDRs 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.AB001: SNA08: SESCA08: Funds by Sector: Total Economy: Flow.

Graph and download economic data for Total Credit to Private Non-Financial Sector, Adjusted for Breaks, for Australia (QAUPAM770A) from Q2 1960 to Q3 2024 about Australia, adjusted, credits, nonfinancial, sector, and private.

Domestic credit to private sector by banks (% of GDP) in Australia was reported at 130 % in 2024, according to the World Bank collection of development indicators, compiled from officially recognized sources. Australia - Domestic credit to private sector by banks (% of GDP) - actual values, historical data, forecasts and projections were sourced from the World Bank on July of 2025.

Gross fixed capital formation, private sector (% of GDP) in Australia was reported at 20.26 % in 2024, according to the World Bank collection of development indicators, compiled from officially recognized sources. Australia - Gross fixed capital formation; private sector (% of GDP) - actual values, historical data, forecasts and projections were sourced from the World Bank on July of 2025.

The tourism sector GDP share in Australia was forecast to increase between 2023 and 2028 by in total *** percentage points. This overall increase does not happen continuously, notably not in 2026 and 2027. The share is estimated to amount to ***** percent in 2028. While the share was forecast to increase significant in the next years, the increase will slow down in the future.Depited is the economic contribution of the tourism sector in relation to the gross domestic product of the country or region at hand.The forecast has been adjusted for the expected impact of COVID-19.The shown data are an excerpt of Statista's Key Market Indicators (KMI). The KMI are a collection of primary and secondary indicators on the macro-economic, demographic and technological environment in more than *** countries and regions worldwide. All input data are sourced from international institutions, national statistical offices, and trade associations. All data has been are processed to generate comparable datasets (see supplementary notes under details for more information).Find more key insights for the tourism sector GDP share in countries like Fiji and New Zealand.

GDP from Mining in Australia decreased to 86364 AUD Million in the fourth quarter of 2024 from 86658 AUD Million in the third quarter of 2024. This dataset provides - Australia Gdp From Mining- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Australia's tourism gross domestic product (GDP) bounced back strong in 2023, recording an increase of 90.8 percent. After witnessing a significant decline in tourism GDP in 2020 and 2021, with tourism GDP taking a massive plunge of 36.2 percent in 2021 as a result of the coronavirus outbreak, the industry appears to be on the road to recovery. The state of the tourism industry in 2021 The coronavirus pandemic had an enormous negative effect on the travel and tourism industry worldwide. In Australia, all major tourism-related industries reported a decline in GVA on the previous year. International visitors were also restricted from entering the country, resulting in a significant drop in revenue from international visitors. China, as the origin of the COVID-19 virus, was the first country to be subjected to travel bans. This was particularly damaging to the Australian economy due to the high volume of Chinese visitors that visit Australia for work, leisure, and study. Hopes for a trans-Tasman travel bubble  Just as visitors to Australia were restricted, international travel for Australians became increasingly limited throughout 2020 and 2021. However, with New Zealand’s success at containing the virus, and incidents of COVID-19 in Australia declining at the end of April, the two countries opened negotiations for a “trans-Tasman travel bubble”. The concept would open travel for Australian and New Zealand residents across the Tasman sea, without the need to undergo quarantine in Australia or New Zealand. Unfortunately, after a second wave outbreak of coronavirus in Melbourne and subsequent outbreaks later in the year, the trans-Tasman bubble did not come to pass in 2020.

Contains data from the World Bank's data portal covering the following topics which also exist as individual datasets on HDX: Agriculture and Rural Development, Aid Effectiveness, Economy and Growth, Education, Energy and Mining, Environment, Financial Sector, Health, Infrastructure, Social Protection and Labor, Poverty, Private Sector, Public Sector, Science and Technology, Social Development, Urban Development, Gender, Millenium development goals, Climate Change, External Debt, Trade.

The energy and mining sector is a significant contributor to the South Australian economy and a strong resource sector helps underpin it. Exploration activity is critical to the continued growth and success of the resource sector particularly for... The energy and mining sector is a significant contributor to the South Australian economy and a strong resource sector helps underpin it. Exploration activity is critical to the continued growth and success of the resource sector particularly for new greenfield developments. In recognition of this, the South Australian Government through the Department for Energy and Mining, provides leading edge and best practice geological services through the Geological Survey of South Australia. Pre-competitive geoscience data has public good elements which means that private investment in geoscience data alone will not result in the optimal investment for the economy. South Australian Government investment is justified to not only address the market failure but because the returns on investment in geoscience data are a multiple many times greater than the original investment. The State, as owner of the resources, also has an interest in opening-up new mining provinces for economic, social or strategic reasons and to maximise the returns from the resource sector. This report outlines the benefits and impact of pre-competitive geoscience data and information for South Australia and presents a case for continuing and increased investment in geoscience data if South Australia’s resource sector is to reach its full potential.