According to a survey conducted in July and August 2024 on startups in Australia, artificial intelligence and software development were the leading industries for startups in the country. Both clean energy and waste and decarbonization were new industries that applied strongly to startups in Australia.

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.

As of May 2022, approximately 15 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.

IBISWorld's annual ranking of the Top 1,000 companies in Australia and New Zealand, based on their financial performance in 2024 or the latest available financial data.

The Top 100 Manufacturers list, based on companies’ financial performance in 2023, identifies key players in the sector and their strategies during recent economic volatility.

According to a survey conducted between July and August 2024, the leading target customer industry for startups with business customers in Australia was the government and the public sector, targeted by 27 percent of respondents. Healthcare was the target customer industry for 25 percent of respondents with business customers.

IBISWorld’s 2022 Top 500 Private Companies of Australia list ranks locally owned, proprietary businesses by revenue every year.

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.

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.

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.

The Market Report Covers the Largest 3PL Companies in Australia and is Segmented by Service (Domestic Transportation Management, International Transportation Management, And Value-Added Warehousing and Distribution) and End Users (Consumer and Retail, Automotive, Healthcare, And Others). The Report Offers the Market Sizes and Forecasts for the Australia 3PL Market in Value (USD) for all the Above Segments.

As of October 10, 2024, the largest company listed on the Australian stock exchange was Commonwealth Bank, with a total market capitalization of nearly 228 billion Australian dollars. The financial sector dominated the list of the largest Australian domestic companies, with five of the top 10 companies being either retail or investment banking groups.

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.

Australia manufacturing output for 2023 was 92.89 billion US dollars, a 1.75% increase from 2022.

<ul style='margin-top:20px;'>

<li>Australia manufacturing output for 2022 was <strong>91.30 billion US dollars</strong>, a <strong>6.1% increase</strong> from 2021.</li>
<li>Australia manufacturing output for 2021 was <strong>86.05 billion US dollars</strong>, a <strong>15.09% increase</strong> from 2020.</li>
<li>Australia manufacturing output for 2020 was <strong>74.77 billion US dollars</strong>, a <strong>4.19% decline</strong> from 2019.</li>
</ul>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. Data are in current U.S. dollars.

The Professional Services subdivision's performance is largely linked to overall economic conditions, often determining business confidence and capital expenditure. Over the past few years, greater business profit and rising capital expenditure by the public sector have supported subdivision demand. However, construction projects that were delayed or cancelled because of surging construction expenses and labour scarcity adversely impacted several industries, including architectural services and engineering consulting. This factor has dampened overall subdivision performance, contributing to revenue only growing by an annualised 1.0% through the end of 2024-25 to $324.5 billion. This trend includes a 1.6% rise in the current year, as the rise of AI, particularly generative AI (genAI) and sustainability trends, enables higher value-added service offerings. The professional services subsector is shifting towards tech-oriented strategies. Service providers are incorporating advanced tech solutions like AI-assisted data analysis and genAI into operations. This technological integration improves efficiency and service delivery and facilitates innovation. GenAI has also enabled higher precision in services like design, consulting and accounting, redefining service delivery. High-value, tech-oriented services command premium pricing and have contributed to revenue growth. However, these come with inherent challenges. Requiring specialised skills leads to increased operational costs, including training expenses and investments in technology. The increased remuneration needed to attract and retain talent has escalated costs and exerted pressure on profit margins over the past few years. The Professional Services subdivision is forecast to grow over the next few years, driven by sustainability trends and enhanced regulations. As the focus on renewable energies intensifies, demand for engineering consultants equipped with specialist knowledge is set to accelerate. The need for mandatory climate disclosures and ESG compliance also presents growth potential for accounting and advisory firms. Technology is another determining factor that will dictate service offerings' operations, quality and variety. As demand for tech-oriented solutions intensifies, service providers will be more inclined to invest in tech-related expertise, adding value to their service offerings and enhancing their competitive edge in the market. These forces are why subdivision revenue is forecast to expand at an annualised 2.4% through the end of 2029-30, to $365.5 billion.

In a survey conducted in Australia in 2023 amongst the leading Australian-headquartered fintech companies, payment-focused firms were the most popular type of fintech company. The share of fintech companies operating in the payments sector had increased significantly compared to the previous year.

BHP Group Limited led the metals and mining companies listed on the Australian Securities Exchange as of June 2025, with a market capitalization of over *** billion Australian dollars. BHP (formerly known as BHP Billiton) is a British-Australian mining company, with its major headquarters in London and Melbourne. It is one of the leading mining companies in the world. Mining company BHP BHP is a global mining, metals, and petroleum company with operations in Australia, North America, South America, and the UK. In the fiscal year 2024, BHP’s revenue reached **** billion U.S. dollars. The profit of BHP was reported at over *** billion U.S. dollars in the same year. The company primarily focuses on the extraction of coal, copper, iron ore, and petroleum. BHP's iron ore segment had the highest revenue at over ** billion U.S. dollars in the fiscal year 2024.  Mining in Australia  Mining is one of Australia’s largest industries, and the country plays a crucial role in the trade of mining commodities. The value added by the mining industry in Australia exceeded ****billion Australian dollars in 2024. Furthermore, the mining industry provides employment opportunities to over *** thousand people in Australia. Australia’s role in the mining industry is expected to continue to grow, particularly in Asia, due to its vast resources, proximity, and willingness to participate in the global marketplace.

The Breville Group was the leading company in the consumer durables and apparel segment on the Australian Securities Exchange (ASX) in Australia as of March 2025, with a market capitalization of approximately 4.96 billion Australian dollars. Trailing behind with a market cap of around 357.3 million Australian dollars was AVJennings Limited.

The Australia In Vitro Diagnostics Market report segments the industry into By Test Type (Clinical Chemistry, Molecular Diagnostics, Immuno Diagnostics, Haematology, Other Test Types), By Type Of Product (Instruments, Reagents, Other Types Of Product), By Application (Infectious Disease, Diabetes, Cancer/Oncology, Cardiology, and more), and By End User (Diagnostic Laboratories, Hospitals And Clinics).

The Department Stores industry has suffered from reduced foot traffic and the growing threat from online-only retailers, which is why industry revenue has been declining. Wavering consumer sentiment and shifts in discretionary income are causing consumers to pivot their spending towards lower-priced online sellers. Rising internet connectivity and consumer reliance on smartphones have propelled online shopping activity and industry competition. Yet, these headwinds have yielded some positive results, like a push to revise legacy systems and strategies and become more digitally driven retailers. Industry revenue has modestly contracted by an annualised 0.8% over the five years through 2024-25, to $22.1 billion. This trend also includes a 3.6% downturn in revenue in 2024-25. Despite a bounce-back in tourism, cost-of-living pressures are poised to intensify, encouraging consumers to cut back on discretionary spending. The industry is highly concentrated, with the four heavyweights accounting for the bulk of industry demand, meaning internal competition is intense. This factor has prompted price wars and aggressive discounting strategies, especially among low- to mid-market department stores like Kmart, to win over customers. Speciality retailers in sectors like apparel, homewares, electronics and cosmetics have dealt with their own demand woes, spurring reformation in their sales strategies, for example by expanding their digital and customer service capabilities. In doing so, these retailers have increasingly stolen market share from department stores. Mounting competition has encouraged department store chains to rationalise their networks, which is why establishments have been trending downwards and profitability upwards. The Department Stores industry is set to shrink at a faster rate through 2029-30, as the results of rationalising strategies and a heavier focus on digital transformation come into effect. Online-only sellers, like Amazon, will continue expanding their offerings and after-sale services, raising competitive pressures. Improving consumer sentiment and rising discretionary income are set to offer some reprieve in demand for up-market department stores, but gains will be cut short by commonplace bargain-hunting habits. In turn, more department stores will focus on shrinking floor space, rationalising merchandise and enhancing online operations to maintain low prices favoured by consumers. The industry is projected to decline at an annualised 2.3% through 2029-30, to $19.6 billion.