Industry (including construction), value added (annual % growth) in Australia was reported at 0.54455 % in 2024, according to the World Bank collection of development indicators, compiled from officially recognized sources. Australia - Industry, value added (annual % growth) - actual values, historical data, forecasts and projections were sourced from the World Bank on September of 2025.

The statistic shows the growth rate of Australia’s real GDP from 2020 to 2024, with projections up until 2030. In 2024, GDP in Australia grew by about 1.04 percent on the previous year.The recession-proof land down underGDP is one of the primary indicators used to gauge the state and health of a country’s economy. It is the total market value of all final goods and services that have been produced within a country in a given period of time, usually a year. GDP figures allow us to understand a country’s economy in a clear way. Real GDP, in a similar vein, is also a very useful indicator; this is a measurement that takes prices changes (inflation and deflation) into account, therefore acting as a key indicator for economic growth.The gross domestic product (GDP) growth rate in Australia has, for sometime, been able to get a steady foothold in the somewhat shaky post-recession world, shaky, but far from catastrophic. The annual growth rate between the 2008 and 2009 financial years, for example, a time at which the world was brought to its proverbial knees, saw growth rates down under reach to 2.49 and 1.37 percent respectively on the previous years, whereas the GDP growth rate in the United States plummeted well into the minus zone. Australia, like all other capitalist nations, is at the mercy of international markets, and when the world economy takes a hit, it would be foolish to suggest it could emerge fully unscathed. However, Australia has earned some much deserved praise and attention owing to the fact that it has managed to remain recession-free for the past twenty years. This could be thanks to its abundance of raw materials, the Australian mining boom, the fact the recession came at a time of high commodity prices and, maybe most importantly, that just under a third of its exports go to China.

Australia GDP: Growth: Gross Value Added: Industry: Manufacturing data was reported at 0.159 % in 2023. This records a decrease from the previous number of 2.442 % for 2022. Australia GDP: Growth: Gross Value Added: Industry: Manufacturing data is updated yearly, averaging 1.515 % from Dec 1976 (Median) to 2023, with 48 observations. The data reached an all-time high of 6.669 % in 1988 and a record low of -8.225 % in 1983. Australia GDP: Growth: 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: Annual Growth Rate. Annual growth rate for manufacturing value added based on constant local currency. Aggregates are based on constant 2015 prices, expressed in U.S. dollars. Manufacturing refers to industries belonging to ISIC divisions 10-33. 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 4.;World Bank national accounts data, and OECD National Accounts data files.;Weighted average;Note: Data for OECD countries are based on ISIC, revision 4.

Figures show a forecast of growth in health, education, and professional services in Australia from the first quarter of 2020 to the first quarter of 2025. The forecast shows the health care and social assistance industry will create ******* new employment and the education and training industry ****** new employment by the first quarter of 2025. However, the figures show a projection for agriculture, manufacturing, construction, and mining industries to decline in employment in the same period. The figures forecast a loss of ****** employment for these industries.

The Market Research and Statistical Services industry has performed poorly because of mixed demand across years for market research and related services. Industry revenue is anticipated to shrink at an annualised 1.3% over the five years through 2024-25, totalling $3.6 billion, with revenue falling by 1.5% in the current year. The overall revenue decrease can be attributed to mixed growth in prior years because of uncertainty and demand changes in response to the COVID-19 pandemic and ABS funding volatility. Industry revenue displays significant volatility from year to year, mainly because of fluctuations in ABS funding by the Federal Government. As the next census is set to occur in 2026, ABS revenue over the past two years has been constrained. Some companies that previously used industry businesses have been increasingly performing market research and statistical analysis in-house. Many external companies have improved their technology and data collection capabilities, which has made it more cost-effective to perform these activities internally. While the introduction of artificial intelligence has provided cost-cutting opportunities for market research businesses, it has also encouraged clients to bring industry services in-house, reducing demand. Profitability has also waned because of heightened price competition and wage costs increasing as a share of revenue. Ongoing growth in online media and big data presents both challenges and opportunities for market research businesses. Mounting demand for research and statistics relating to new media audience numbers and advertising effectiveness represents a potential opportunity. Even so, market research businesses will face challenges in developing effective measurement systems, and competition from information technology specialists that are developing similar systems will intensify. Despite these challenges, industry revenue is forecast to increase at an annualised 2.0% through 2029-30 to reach $3.9 billion.

Australia GDP: Growth: Gross Value Added: Industry data was reported at 2.558 % in 2019. This records a decrease from the previous number of 2.789 % for 2018. Australia GDP: Growth: Gross Value Added: Industry data is updated yearly, averaging 2.325 % from Jun 1976 (Median) to 2019, with 44 observations. The data reached an all-time high of 8.371 % in 1988 and a record low of -4.283 % in 1983. Australia GDP: Growth: Gross Value Added: Industry 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: Annual Growth Rate. Annual growth rate for industrial value added based on constant local currency. Aggregates are based on constant 2010 U.S. dollars. Industry corresponds to ISIC divisions 10-45 and includes manufacturing (ISIC divisions 15-37). It comprises value added in mining, manufacturing (also reported as a separate subgroup), construction, electricity, water, and gas. 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.; ; 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 Australia Pharmaceutical Market Report is Segmented by ATC/Therapeutic Class (Alimentary Tract & Metabolism, and More), Drug Type (Branded, Generic), Prescription Type (Rx, OTC), and Distribution Channel (Hospital, Retail, Online Pharmacies). Market Forecasts are Provided in Value (USD).

Key information about Australia Industrial Production Index Growth

• Australia Industrial production fell 1.2 % YoY in Dec 2024, following a drop of 0.2 % YoY in the previous quarter.
• Australia Industrial production index growth rate YoY data is updated quarterly, available from Sep 1975 to Dec 2024, with an average rate of 2.5 %.
• The data reached an all-time high of 14.3 % in Dec 1987 and a record low of -8.0 % in Mar 1983.

Australia's tourism gross domestic product (GDP) bounced back strong in 2023, recording an increase of 90.8 percent. In 2024, the country's tourism GDP increased by around 9.1 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. Economic contribution and employment trends Australia's tourism sector recovery is reflected in its substantial economic contribution in 2024. In the year ending June 2024, Australia's direct tourism GDP rose to approximately 75 billion Australian dollars. New South Wales continued to be a key player in the industry, with its tourism gross value added (GVA) reaching about 20 billion Australian dollars. The state also led in employment, with around 195,000 people directly employed in the tourism sector. These figures underscore the tourism industry's significance in driving economic growth and job creation across the country. International visitors fuel industry recovery The revival of Australia's tourism sector is closely tied to the return of international tourists. In 2024, the country welcomed over 7.3 million international visitor arrivals, a significant increase from the mere 140,000 visitors recorded during the height of pandemic restrictions in 2021. New Zealand residents led the way, with over 1.2 million visitors, followed by tourists from China numbering just below 750,000. This influx of international travelers contributed substantially to the Australian economy in 2024, with total trip expenditure reaching approximately 47.8 billion Australian dollars, surpassing pre-pandemic levels for the first time.

The Australia Construction Market Report is Segmented by Sector (Residential, Commercial, and Infrastructure), by Construction Type (New Construction and Renovation), by Construction Method (Conventional On-Site and More), by Investment Source (Public and Private), and by Geography (New South Wales, Victoria, and More). The Market Forecasts are Provided in Terms of Value (USD).

In the 2020 financial year, the EBITDA of the mining industry grew by 11.7 percent compared to the previous financial year. This level of growth was significant, especially given that no other industry witnessed a growth of more than 10 percent in that year.

The Finance sector's operating environment was previously characterised by record-low interest rates. Nonetheless, high inflation prompted the Reserve Bank of Australia (RBA) to hike the cash rate from May 2022 onwards. This shift allowed financial institutions to impose higher loan charges, propelling their revenue. Banks raised interest rates quicker than funding costs in the first half of 2022-23, boosting net interest margins. However, sophisticated competition and digital disruption have reshaped the sector and nibbled at the Big Four's dominance, weighing on ADIs' performance. In the first half of 2025, the fierce competition has forced ADIs to trim lending rates even ahead of RBA moves to protect their slice of the mortgage market. Higher cash rates initially widened net interest margins, but the expiry of cheap TFF funding and a fierce mortgage war are now compressing spreads, weighing on ADIs' profitability. Although ANZ's 2024 Suncorp Bank takeover highlights some consolidation, the real contest is unfolding in tech. Larger financial institutions are combatting intensified competition from neobanks and fintechs by upscaling their technology investments, strengthening their strategic partnerships with cloud providers and technology consulting firms and augmenting their digital offerings. Notable examples include the launch of ANZ Plus by ANZ and Commonwealth Bank's Unloan. Meanwhile, investor demand for rental properties, elevated residential housing prices and sizable state-infrastructure pipelines have continued to underpin loan growth, offsetting the drag from weaker mortgage affordability and volatile business sentiment. Overall, subdivision revenue is expected to rise at an annualised 8.3% over the five years through 2024-25, to $524.6 billion. This growth trajectory includes an estimated 4.8% decline in 2024-25 driven by rate cuts in 2025, which will weigh on income from interest-bearing assets. The Big Four banks will double down on technology investments and partnerships to counter threats from fintech startups and neobanks. As cybersecurity risks and APRA regulations evolve, financial institutions will gear up to strengthen their focus on shielding sensitive customer data and preserving trust, lifting compliance and operational costs. In the face of fierce competition, evolving regulations and shifting customer preferences, consolidation through M&As is poised to be a viable trend for survival and growth, especially among smaller financial institutions like credit unions. While rate cuts will challenge profitability within the sector, expansionary economic policies are poised to stimulate business and mortgage lending activity, presenting opportunities for strategic growth in a dynamic market. These trends are why Finance subdivision revenue is forecast to rise by an annualised 1.1% over the five years through the end of 2029-30, to $554.9 billion

Key information about Australia Retail Sales Growth

• Australia Retail Sales grew 4.2 % YoY in May 2023, compared with a 4.3 % increase in the previous month.
• Australia Retail Sales Growth YoY data is updated monthly, available from Apr 1983 to May 2023, with an average growth rate of 5.6 %.
• The data reached an all-time high of 24.6 % in Apr 2021 and a record low of -8.8 % in Apr 2020.
• In the latest reports, Car Sales of Australia recorded 105,694.0 units in May 2023, representing a growth of 12.0 %.

Industrial Production in Australia decreased 1.70 percent in the second quarter of 2025 over the same quarter in the previous year. This dataset provides the latest reported value for - Australia Industrial Production - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

The statistic shows selected biotech industry growth rates in Australia compared to worldwide as of 2016. Biotech industry growth for the period 2007-2016 was ************* in Australia and ********** worldwide. Growth rates in the biotech sector were significantly lower in Australia than the world average.

Shifting social trends have significantly influenced the Restaurants industry's performance over recent years. Consumers' busy lifestyles and high workloads have bolstered demand for restaurant meals and takeaway. Restaurants allow consumers to combine dining with leisure and avoid spending time on food preparation. Rising demand for food delivery platforms like Uber Eats has also supported industry revenue, allowing time-poor consumers to purchase home-delivered, restaurant-quality food. A fall in discretionary incomes and recent cost-of-living pressures have restricted patronage for restaurants, as consumers have become more concerned about the costs of dining out. Industry businesses are also finding it extremely difficult to deal with elevated operational costs, including high input, wage and energy expenses. Labour shortages have also been extreme in the industry, with restaurants facing major retention gaps. These factors, along with intense competitive pressures, have curbed the industry’s profitability growth and forced businesses to exit the industry over the two years through 2024-25. Nonetheless, the total number of enterprises in the industry has increased over the past five years as dynamic consumer preferences have created several niches for restaurants to cater to. Overall, industry revenue is anticipated to have soared at an annualised 6.6% over the five years through 2024-25 to $24.1 billion. This includes an expected 2.2% dip in 2024-25. Looking ahead, improving consumer confidence and expanding discretionary incomes are set to support industry revenue. Reeling from the economic challenges of the previous five-year period, restaurants are anticipated to diversify their revenue streams by expanding their service offerings to include merchandise and live events. Restaurants are forecast to focus on improving operational efficiencies to limit costs and boost profitability. There will also be a focus on sustainability efforts as Australian consumers become more discerning about their environmental choices. Overall, industry revenue is projected to climb an annualised 1.0% over the five years through 2029-30 to total $25.5 billion.

Australia IT training market size reached USD 1,600.0 Million in 2024. Looking forward, IMARC Group expects the market to reach USD 2,014.4 Million by 2033, exhibiting a growth rate (CAGR) of 2.59% during 2025-2033. The rapid evolution of technology, including emerging technologies like artificial intelligence, machine learning, blockchain, and cybersecurity, is primarily driving the regional market.

IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the country level for 2025-2033. Our report has categorized the market based on application and end user.

Australia GDP: Growth: Gross Value Added: Services data was reported at 3.140 % in 2016. This records an increase from the previous number of 2.757 % for 2015. Australia GDP: Growth: Gross Value Added: Services data is updated yearly, averaging 3.686 % from Jun 1976 (Median) to 2016, with 41 observations. The data reached an all-time high of 6.016 % in 1988 and a record low of -1.662 % in 1983. Australia GDP: Growth: Gross Value Added: Services 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: Annual Growth Rate. Annual growth rate for value added in services based on constant local currency. Aggregates are based on constant 2010 U.S. dollars. Services correspond to ISIC divisions 50-99. They include value added in wholesale and retail trade (including hotels and restaurants), transport, and government, financial, professional, and personal services such as education, health care, and real estate services. Also included are imputed bank service charges, import duties, and any statistical discrepancies noted by national compilers as well as discrepancies arising from rescaling. 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 industrial origin of value added is determined by the International Standard Industrial Classification (ISIC), revision 3.; ; World Bank national accounts data, and OECD National Accounts data files.; Weighted Average; Note: Data for OECD countries are based on ISIC, revision 4.

Calendar Adjusted Household Spending: Australian Capital Territory: YoY data was reported at 0.500 % in Nov 2024. This records a decrease from the previous number of 2.000 % for Oct 2024. Calendar Adjusted Household Spending: Australian Capital Territory: YoY data is updated monthly, averaging 4.100 % from Jan 2020 (Median) to Nov 2024, with 59 observations. The data reached an all-time high of 54.900 % in Sep 2022 and a record low of -21.300 % in Apr 2020. Calendar Adjusted Household Spending: Australian Capital Territory: YoY 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.H023: Household Spending: by States/Territory and Industry: Growth Rate.

The Australian ICT market, valued at approximately $X billion AUD in 2025 (assuming a logical market size based on global trends and the provided CAGR of 8.20%), is projected to experience robust growth throughout the forecast period (2025-2033). This expansion is fueled by several key drivers, including the increasing adoption of cloud computing, the burgeoning digital transformation initiatives across various industries, and significant government investments in digital infrastructure. Strong growth is expected across all segments, with the Software and IT Services sectors leading the charge, driven by the rising demand for software-as-a-service (SaaS) solutions and digital services. The BFSI, IT & Telecom, and Government sectors are expected to be the largest consumers of ICT solutions, reflecting their significant digitalization efforts. While data security concerns and the potential skills gap in the ICT workforce pose some challenges, the overall market outlook remains positive. The strong presence of multinational technology giants like Apple, Samsung, and Microsoft, coupled with the contributions of domestic players such as Tata Consultancy Services Limited and others, ensures a competitive and innovative landscape. The anticipated CAGR of 8.20% suggests a substantial increase in market value over the forecast period. This growth will be influenced by ongoing technological advancements like AI and the Internet of Things (IoT), which will create new market opportunities. Growth will be distributed among the segments according to their specific adoption rates of these technologies. The large enterprise segment will likely exhibit stronger growth than the SME sector due to higher investment capacities and more complex ICT needs. However, the SME segment's increasing adoption of cloud-based solutions and digital tools will contribute significantly to overall market expansion. Competitive intensity is expected to remain high, with companies vying for market share through innovation, strategic partnerships, and mergers and acquisitions. The Australian government's supportive policies further bolster the market's future trajectory. Recent developments include: November 2022: OPPO Australia launched its 1st tablet in the Australian market, the Pad Air, extending its ecosystem of products. The Pad Air consists of a two-tone metal splicing design. The upper side of the rear panel contains a 3D texture in an OPPO Glow finish, preventing unwanted fingerprints and grooves for a better grip. The lower part of the back panel has been sandblasted with grains of only 0.15mm, creating a slick-like surface., March 2022: Tata Consultancy Services opened a Digital Garage Innovation Centre in Australia. The TCS Sydney Digital Garage, Powered by TCS Pace, is the company's first in the Asia-Pacific region. The Digital Garage will support local digital transformation projects. It provides access to TCS' global ecosystem of academia, startups, and technology providers.. Key drivers for this market are: Surge in the need to explore and adopt digital technologies and initiatives, Rise in the Government Initiatives; Increase in the overall demand for Digitalization and Scalable IT Infrastructure. Potential restraints include: Surge in the need to explore and adopt digital technologies and initiatives, Rise in the Government Initiatives; Increase in the overall demand for Digitalization and Scalable IT Infrastructure. Notable trends are: Digital Transformation is Expected to Drive the ICT Market in Australia.