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.

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.

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.

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 (AUSPROINDAISMEI) from 1975 to 2023 about Australia, IP, and indexes.

This report examines three potential outlook scenarios for Australia's forestry sector using analysis of the potential availability and use of logs, forecasts of wood product consumption, and the opportunities for processing of wood products and investment.

ABARES conducted a number of workshops with industry and government stakeholders to refine the scenarios and test the assumptions supporting this analysis. A business-as-usual scenario was analysed, which depicts a future assuming current economic, policy and environmental factors affecting the forestry sector remain unchanged over the projection period (to 2050). Two alternative scenarios (priority-to-productivity and constrained-wood-production) are also examined. Sensitivity testing was also conducted to identify the influence of key parameters.

The analysis in this report highlights some key opportunities for Australia's forestry sector, as well as the economic and policy factors required for realising these opportunities. The results affirm that a positive investment environment for upgrading and expanding wood processing infrastructure will underpin growth in Australia's forestry sector.

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: Females: Manufacturing: Primary Metal & Metal Product data was reported at 11.036 Person th in Feb 2025. This records an increase from the previous number of 8.115 Person th for Nov 2024. Australia Employment: Females: Manufacturing: Primary Metal & Metal Product data is updated quarterly, averaging 7.289 Person th from Nov 1984 (Median) to Feb 2025, with 162 observations. The data reached an all-time high of 14.480 Person th in May 2011 and a record low of 2.786 Person th in Aug 1997. Australia Employment: 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.G023: Employment: by Sex and by Industry.

As of December 2024, the gross value added (GVA) by the coal mining industry in Australia amounted to about 106 billion Australian dollars. This figure represents an increase from the previous year. Coal mining economic contribution Employment in the coal mining industry has declined over the past decade, but saw a rise again in 2023. Tens of thousands of people are still included in the coal mining workforce. Australia is one of the world’s largest exporters of coal. With China being the largest coal consuming country in the world, recent tensions have cast uncertainty on trade relations, including the export of Australian coal. Coal mining companies UK-Australian based BHP and Rio Tinto were among the leading mining companies worldwide. These multinational companies have a diverse mining portfolio that includes Australian coal. This comes as no surprise, as Australia has coal reserves totaling around 150 billion metric tons.

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.

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.

Market Size for Australia Mining Industry on the Basis of Revenues in USD Billion, 2018-2024 In 2023, Rio Tinto introduced a fully autonomous truck fleet across its Pilbara iron ore operations, reflecting a major shift toward digital transformation and efficiency in mining. Western Australia and Queensland remain key regions due to their vast mineral reserves and supportive mining infrastructure. The Australian mining industry reached a valuation of AUD 390 billion in 2023, driven by the increasing global demand for minerals, favorable geological conditions, and Australia's position as a leading exporter of key resources such as iron ore, coal, and lithium. The market is characterized by major players such as BHP, Rio Tinto, Fortescue Metals Group, and Newcrest Mining. These companies are recognized for their advanced extraction technologies, global export networks, and sustainable mining initiatives.

Graph and download economic data for Benchmarked Unit Labor Costs - Industry for Australia (DISCONTINUED) (AUSULCINDQPNMEI) from Q4 1970 to Q3 2011 about unit labor cost, Australia, industry, and rate.

Graph and download economic data for Benchmarked Unit Labor Costs - Industry for Australia (DISCONTINUED) (ULQBBU03AUQ657S) from Q4 1983 to Q3 2011 about unit labor cost, Australia, labor, and industry.

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 Construction Industry in Australia is Segmented by Sector (Residential, Commercial, Industrial, Infrastructure (Transportation), Energy, and Utilities). The Report Offers Market Sizes and Forecasts in Value (USD) for all the Above Segments.

The Agribusiness sector continues to expand, driven by strong export markets, rising domestic meat prices and technological advancements. Key commodities, including beef, wheat, barley, dairy and wine, remain integral to global supply chains, with China, Japan and the United States among major buyers. While geopolitical tensions and economic uncertainties pose risks, diversification into ASEAN and Indian markets is helping mitigate these challenges. The Agribusiness sector is also shifting towards value-added agricultural products, enhancing global competitiveness. Climate variability remains a pressing concern, influencing crop yields and farm profitability. Recent favourable rainfall has improved short-term agricultural output, but long-term climate risks persist, requiring continued investment in sustainability and adaptation strategies. Rising farm incomes, supported by increased commodity prices and operational efficiencies, have further strengthened profitability across the Agribusiness sector. Technological adoption, including AI and precision farming, improves efficiency and resource management, reinforcing Australia’s position as a leader in sustainable agribusiness. These innovations drive productivity gains and cost efficiencies, supporting the sector’s strong performance. As a result, agribusiness revenue is anticipated to climb 5.2% over the five years through 2024-25, with an expected 1.5% rise in 2024-25 to hit $358.6 billion. In the coming years, strategic trade agreements will play a crucial role in supporting agribusiness growth, with ongoing tariff reductions and expanded export opportunities boosting long-term revenue potential. Strengthened trade relationships, particularly with the European Union and India, will reduce dependence on traditional markets, mitigating risks associated with geopolitical uncertainty. Domestically, strong meat prices will continue to drive profitability as consumer demand for premium beef and lamb remains high. Climate change will present a key challenge, with increasing drought frequency and shifting rainfall patterns requiring adaptation through resilient crops and improved water management. Technological advancements will further transform the sector, with AI-driven decision making, precision agriculture and sustainable practices enhancing efficiency and revenue growth. Government support for research and climate-resilient initiatives will accelerate this transition, ensuring long-term agribusiness sustainability and competitiveness in global markets. Overall, agribusiness revenue is forecast to grow 1.2% over the five years through 2029-30 to $380.6 billion.

The Sheet Metal Product Manufacturing industry’s performance has faltered because of fluctuating demand across various market segments. Although diverse applications in construction and beverage manufacturing have offered some stability, low demand from manufacturing and rising competition from imports and substitutes have harmed revenue. Increased purchase costs and operational challenges are intensifying profit pressures. Meanwhile, the Australian dollar’s appreciation over the past five years has made low-cost alternatives more attractive compared to domestically produced products. Revenue is expected to have fallen at an annualised 1.2% over the five years through 2024-25, to $2.5 billion. This trend includes an anticipated drop of 0.7% in 2024-25 as ongoing challenges continue to plague the industry. Downstream market trends will significantly influence the industry’s performance in the coming years. Decreased manufacturing and non-residential construction activity is projected to weaken overall demand for sheet metal products. However, rising demand for air conditioning and heating services may provide growth opportunities. Manufacturers are poised to enhance efficiencies through technological investments and automation, but rising import competition and an appreciating dollar will continue to hamper revenue growth Smaller, unprofitable manufacturers will be forced to exit the industry as they struggle to remain price competitive compared with overseas manufacturers that can offer lower prices. As manufacturers adapt to challenging conditions, they must improve operational efficiencies and explore new market opportunities to remain competitive. Domestic iron and steel prices are set to fall. Since steel is a key input for sheet metal product manufacturers, its falling price is projected to dampen purchase costs and enable companies to maintain competitive pricing. Industry revenue is forecast to remain stable at $2.5 billion over the five years through 2029-30 because of anticipated improvements in production efficiencies and shifting market conditions.

The Market Report Covers the Top Telecom Companies in Australia and is Segmented by Services, which are further classified into Voice Services (Wired, Wireless), Data and Messaging Services, OTT, and pay TV. The market size and forecasts are provided in terms of value in USD billion.