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.
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.
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UNIDO pub. Study of the industrial sector and structural change in Australia - covers (1) economic development (2) major factors affecting the future industrial structure: manpower, technological change, investment (3) relevant role of developing countries in Asia; trade (4) Australia's export performance (5) the influence of import penetration; industrial policy, protectionism (6) a possible future industrial structure; scenarios; assessment of forecasts. Statistics, bibliography. Additional references: employment, manufacturing.
As of May 2022, approximately ** percent of people employed in the Australian workforce were working in the health care and social assistance industry. Other leading industries for employment were professional, scientific, and technical services, as well as retail trade.
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Industry sectors of Local Government Areas in Australia (2001-2011). The variables were derived from 2011, 2006 and 2001 census.
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Contains a range of producer price indexes. Firstly, economy-wide indexes are presented within a Stage of Production (SOP) framework, followed by a set of partial, stand-alone measures relating to specific industry sectors of the economy (selected manufacturing, construction, mining and service industries).
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Contains a range of producer price indexes. Firstly, economy-wide indexes are presented within a Stage of Production (SOP) framework, followed by a set of partial, stand-alone measures relating to specific industry sectors of the economy (selected manufacturing, construction, mining and service industries).
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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
This statistic displays the productivity of industry sectors compared with global competitors in Australia in 2018. During this year, the productivity index of the agribusiness sector in Australia was 146 percent, meaning this sector was 46 percent more productive that the average productivity of global competitors in the same sector.
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Industry associations have faced mixed performance trends in recent years, shaped by shifting market dynamics and evolving member needs. Increased competition from alternative learning platforms, a growing preference for self-paced online education and reduced demand for traditional services like in-person training and certifications have all combined to drive declines in revenue across several associations. At the same time, many industry associations have diversified their income streams, moving beyond membership fees to rely more heavily on government grants, sponsorships and corporate partnerships. Industry associations tied to shrinking sectors, like agriculture, have struggled with lower member engagement and financial constraints because of challenges like fluctuating commodity prices and reliance on government support. Associations in high-growth sectors like technology and sustainability have fared better, benefiting from rising demand for specialised services. The industry's reliance on skilled personnel and high operational costs has limited the surplus available to reinvest in member services and digital transformation to enhance engagement. These factors have also contributed to a 2.9% annualised contraction expected in industry revenue over the five years through 2024-25, to $4.6 billion. This trend includes an anticipated recovery of 0.7% in 2024-25, driven by improving government grants, donations, sponsorships and fundraising and an increasing number of industry associations. Adapting to a changing landscape will allow industry associations room to grow again. Diversifying revenue streams and global expansion will be critical strategies for sustaining growth. Tiered membership models, digital platforms and innovative service offerings that align with members’ evolving needs will help associations attract and retain members. High-growth sectors, particularly technology, clean energy and sustainability, are set to drive membership growth and create demand for tailored services. Government grants and research and workforce development incentives will provide a financial buffer, enabling associations to support critical initiatives. However, associations tied to traditional sectors may face continued challenges, especially if economic volatility and environmental factors persist. Associations’ long-term success will depend on their ability to balance cost pressures, innovate service delivery and respond to broader market trends. Overall, industry revenue is forecast to grow 2.5% through the end of 2029-30 to $5.2 billion.
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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.
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Industry sectors in Australia (2001-2011). The variables were derived from 2011, 2006 and 2001 census.
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Graph and download economic data for Benchmarked Unit Labor Costs - Business Sector (Excluding Agriculture) for Australia (DISCONTINUED) (AUSULCBXAQPNMEI) from Q4 1970 to Q3 2011 about unit labor cost, Australia, agriculture, sector, business, and rate.
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Graph and download economic data for Benchmarked Unit Labor Costs - Business Sector for Australia (DISCONTINUED) (ULQBBU08AUA657S) from 1985 to 2010 about unit labor cost, Australia, sector, business, and labor.
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Graph and download economic data for Benchmarked Unit Labor Costs - Business Sector for Australia (DISCONTINUED) (ULQBBU08AUQ662N) from Q3 1970 to Q3 2011 about unit labor cost, Australia, sector, business, and labor.
Industry sectors in Australia (2001-2011). The variables were derived from 2011, 2006 and 2001 census. Copyright attribution: University of Queensland - eResearch Group, (2014): ; accessed from AURIN on 12/3/2020. Licence type: Creative Commons Attribution 2.5 Australia (CC BY 2.5 AU) Industry sectors in Australia (2001-2011). The variables were derived from 2011, 2006 and 2001 census. Copyright attribution: University of Queensland - eResearch Group, (2014): ; accessed from AURIN on 12/3/2020. Licence type: Creative Commons Attribution 2.5 Australia (CC BY 2.5 AU)
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The Australia Paper Packaging Market is Segmented by Product Type (Folding Cartons, Corrugated Boxes, and Other Product Types) and End-User Industry (Beverage, Food, Pharmaceutical and Healthcare, Personal Care and Household Care, and Other End-User Industries). The Report Offers Market Sizes and Forecasts in Value (USD) for all the Above Segments.
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The Scientific Research Services industry has performed well over the past few years, with improving profit margins. The industry encompasses various government and private sector organisations across different scientific fields, particularly in the medical, health and IT sectors. While the industry has traditionally relied on public sector funding, there has been a noticeable shift towards more self-funding for research and development (R&D). Research organisations are increasingly under pressure to generate revenue through donations, co-investment with corporations and governments, and royalties or licensing revenue on intellectual property. Private businesses are also capitalising on commercialising their research, generating additional revenue streams by selling developed products. These efforts have improved industry profitability, with many organisations having successfully diversified their funding sources and monetised their innovations. This trend indicates a strengthening in resilience and profitability within the industry as organisations adapt to evolving financial pressures while continuing to advance cutting-edge research. The government is the primary funding source for scientific research organisations because many R&D activities have low direct returns. New scientific research also needs significant investment in highly qualified staff and expensive equipment. However, smaller organisations specialise in niche scientific research areas and employ few researchers. Revenue is expected to have climbed at an annualised 1.3% over the five years through 2024-25 to $12.2 billion. This includes an anticipated 2.1% drop in 2024-25, reflecting a shift in priorities as the immediate COVID-19 crisis subsides. The focus is now on long-term initiatives like infrastructure and economic recovery, with a tighter fiscal environment prompting a recalibration of spending across healthcare, renewable energy and other sectors. The industry’s performance is poised to strengthen over the coming years. The trend of companies bringing research teams in-house constrains revenue growth within Australia's Scientific Research Services industry. However, the Australian Government has demonstrated a strong commitment to clean energy and renewables, allocating significant funding to stimulate the sector. The 2025-26 Federal Budget included a $2.0 billion commitment to the Clean Energy Finance Corporation (CEFC) to invest in renewable power, storage, energy efficiency and low-emissions technology, aiming to unlock a further $8.0 billion in investments. Revenue is forecast to expand at an annualised 2.2% over the five years through 2029-30 to $13.6 billion.
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The Australia and New Zealand Digital Transformation Market report segments the industry into By Type (Analytics, Artificial Intelligence and Machine Learning, Extended Reality (XR), IoT, and more), By End-User Industry (Manufacturing, Oil, Gas and Utilities, Retail & e-commerce, and more).
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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.
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.