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.

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 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.

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.

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.

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.

In 2020, the economic contribution of the tech sector in Australia totaled 167 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 250 billion Australian dollars by 2030.

Industry (including construction), value added (% of GDP) in Australia was reported at 27.65 % in 2023, according to the World Bank collection of development indicators, compiled from officially recognized sources. Australia - Industry, value added (% of GDP) - actual values, historical data, forecasts and projections were sourced from the World Bank on June of 2025.

Employment: Full Time: Females: Manufacturing: Machinery & Equipment data was reported at 24.561 Person th in Feb 2025. This records an increase from the previous number of 19.277 Person th for Nov 2024. Employment: Full Time: Females: Manufacturing: Machinery & Equipment data is updated quarterly, averaging 21.024 Person th from Nov 1984 (Median) to Feb 2025, with 162 observations. The data reached an all-time high of 35.363 Person th in Feb 2024 and a record low of 13.307 Person th in Feb 2007. Employment: Full Time: Females: Manufacturing: Machinery & Equipment 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.

Industry Index Manufacturing in Australia increased to -23.50 points in May from -26.50 points in April of 2025. This dataset includes a chart with historical data for Australia Ai Group Industry Index - Manufacturing.

Industry Index in Australia increased to -12.30 points in May from -15 points in April of 2025. This dataset includes a chart with historical data for Australia Ai Group Industry Index.

Australia Employment: Manufacturing: Food Product data was reported at 187.357 Person th in Feb 2025. This records a decrease from the previous number of 207.291 Person th for Nov 2024. Australia Employment: Manufacturing: Food Product data is updated quarterly, averaging 181.205 Person th from Nov 1984 (Median) to Feb 2025, with 162 observations. The data reached an all-time high of 231.217 Person th in Feb 2020 and a record low of 151.113 Person th in Aug 1988. Australia Employment: Manufacturing: Food 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.G023: Employment: by Sex and by Industry.

Employment: Full Time: Education & Training: Preschool & School Education data was reported at 462.893 Person th in Feb 2025. This records a decrease from the previous number of 484.404 Person th for Nov 2024. Employment: Full Time: Education & Training: Preschool & School Education data is updated quarterly, averaging 293.376 Person th from Nov 1984 (Median) to Feb 2025, with 162 observations. The data reached an all-time high of 484.404 Person th in Nov 2024 and a record low of 228.649 Person th in Nov 1984. Employment: Full Time: Education & Training: Preschool & School Education 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.

In financial year 2021, the fashion industry in Australia contributed around 27.2 billion Australian dollars to the national economy. The Australian fashion industry is highly interlinked with the overall economy, and employs over 489,000 Australians.

Over the past two years, industrial property operators have suffered from reduced total merchandise imports and exports. However, expansions in business inventories have helped the industry and growth in online shopping popularity has propped up demand for industrial properties, particularly warehouses and logistics buildings. Forecasts estimate industry revenue to climb at an annualised 23.2% for the five years through 2024-25 to $19.3 billion. Notably, this growth rate is relative to a low base year in 2019-20. This year saw negotiated lease agreements meant to accommodate the pandemic-era economic landscape. More recently, climbing interest rates have justified higher rental prices, which have helped swell revenue compared to the 2019-20 financial year. More recently, the industry has fallen in revenue, recording a 3.9% slump in 2024-25. The effect of mining demand has been twofold on the Industrial and Other Property Operators industry. As overall mining demand has decreased, in part because of a slowdown in construction in China, the number of storage facilities that mining companies need has reduced, while simultaneously, many of the larger miners have sought to secure their storage capabilities by building their own warehouses, trading rental costs for construction costs. Combating this has been an improving business confidence index, which bodes well for the industry as more companies potentially look to expand their operations, requiring them to lease more property and driving revenue up for the industry. Current profit margins are estimated at 31.2%, a healthy figure that should remain relatively stable for the next five years. Over this same period, the industry will face some troubles, with a rising bond rate redirecting investments away from property and indicating the possibility of higher mortgage rates. These raised costs will see consolidation in the industry as the more significant industry players with greater cash reserves or access to capital can exploit reduced competition for new properties up for sale. Forecasts estimate revenue to swell at an annualised 0.2% for the five years through 2029-30 to sit at $19.5 billion.

Expert industry market research on the Automotive Industry in Australia (2008-2031). Make better business decisions, faster with IBISWorld's industry market research reports, statistics, analysis, data, trends and forecasts.

Future Outlook and Projections for Australia Mining Industry on the Basis of Revenues in USD Billion, 2024-2029 The Australian mining industry is projected to maintain steady growth through 2029, driven by increasing global demand for key minerals, technological advancements, and a shift toward sustainable practices. This growth is expected to reflect a healthy CAGR during the forecast period, supported by robust export markets and domestic policy incentives. What Lies Ahead for the Australia Mining Industry?

Industry Index Business Services in Australia increased to -4.30 points in May from -16.60 points in April of 2025. This dataset includes a chart with historical data for Australia Ai Group Industry Index - Business Services.

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.

The Business Process Outsourcing (BPO) industry provides a variety of back and front office functions to businesses, including call centre operations, IT services, debt collection and recruitment services. Although many companies undertake these tasks in-house, BPO firms can typically perform these processes more efficiently and at a lower cost because of their greater expertise and economies of scale. Outsourcing also allows companies to focus on performing higher value activities. For this reason, downstream businesses have increasingly demanded the industry's services, underpinning industry revenue and profit growth. Overall, Industrywide revenue has been growing over the past five years at an expected annualised 1.2% and is set to total $49.6 billion in 2024-25, when revenue will jump by an anticipated 0.4%. Growth in the number of businesses and mounting cost pressure on downstream businesses have encouraged trends in business process outsourcing over the past few years. Despite revenue growth, offshoring poses a threat to the industry. International BPO companies have gradually encroached on the domestic market as many downstream businesses have offshored processes, bypassing Australia-based BPO providers. Countries like India and the Philippines have benefited from this business process offshoring, with these countries chosen for their increasing technological sophistication in IT services, strong English-language skills and lower labour costs. Despite mounting competition, various ongoing advancements, including technological innovation, increased software investment and the greater prevalence of mobile platforms and cloud computing, have fuelled industry performance. Moving forwards, BPO providers are likely to continue increasingly incorporating new technology to streamline operations and provide a wider range of integrated services to customers for a lower cost, encouraging demand. Rapidly advancing technology will require many firms to outsource complex IT services. Companies' growing desire for high-quality, tailored IT services will buttress industry revenue growth. Even so, intense competition from offshoring and in-house operations is set to hamper revenue growth as price competition mounts. Nonetheless, industry revenue is forecast to grow at an annualised 3.2% through the end of 2029-30, to $57.9 billion.