Retail turnover in Australia has seen a continued year-on-year increase since 2005. In 2024, total retail revenue in the country was approximately 436.76 billion Australian dollars, an increase of over 10 billion Australian dollars from the previous year. Australia's key retail segments The Australian food retail industry saw steady year-on-year growth over the same period, with annual food retail turnover reaching over 173 billion Australian dollars in 2024. The country's second-largest retail segment, household goods, also showed overall strong performance, recognizing annual revenue of approximately 70.4 billion Australian dollars that same year. Department stores remain the smallest segment of the country's retail industry, with the annual revenue of department stores showing slow growth compared to other segments. The online retail boom Accelerated by the COVID-19 pandemic, online shopping plays a major part in the everyday lives of consumers across Australia. Predominantly, Australians spend the most online on homewares. In 2024, products in the homeware and appliances category accounted for 19.3 percent of all online spending, and groceries and liquor for over 15 percent. Amazon was the leading online retailer purchased from among online shoppers in Australia in the 12 months to July 2024, followed by eBay, Kmart, and Woolworths.

Australia ASX Turnover: Volume: AFC Contracts data was reported at 0.000 Share mn in Jan 2022. This stayed constant from the previous number of 0.000 Share mn for Dec 2021. Australia ASX Turnover: Volume: AFC Contracts data is updated monthly, averaging 0.005 Share mn from Aug 2002 (Median) to Jan 2022, with 234 observations. The data reached an all-time high of 0.100 Share mn in Dec 2007 and a record low of 0.000 Share mn in Jan 2022. Australia ASX Turnover: Volume: AFC Contracts data remains active status in CEIC and is reported by Australian Securities Exchange. The data is categorized under Global Database’s Australia – Table AU.Z004: Australian Stock Exchange: Turnover (Discontinued).

In 2024, the annual revenue of the food retail industry in Australia amounted to over 173 billion Australian dollars. Since 2005, Australia's food retail revenue has witnessed steady year-on-year growth.

At the end of the 2024 financial year, just over 34,000 cafés and restaurants in operation in Australia had an annual turnover of between 200,000 and two million Australian dollars. This figure represents a majority of the roughly 55,700 cafés and restaurants operating nationwide. A much smaller number of cafés and restaurants reported an annual turnover greater than two million Australian dollars. A key sector of the Australian economy In recent years, a rise in the number of cafés and restaurants has been witnessed throughout Australia, remaining over 55,000 establishments for two consecutive years. Before the COVID-19 pandemic severely affected Australia’s economy, the annual turnover of cafés, restaurants, and takeaway food services nationwide had increased each year for more than a decade. In 2024, annual revenue reached a new peak of over 65 billion Australian dollars. Australia's coffee culture New South Wales leads across Australia's states and territories with over 19,225 cafés and restaurants at the end of the financial year 2024, followed closely by Victoria. This concentration in Australia's most populous states underscores the urban-centric nature of the country's food service industry. Coffee plays a crucial role in this landscape, with Australians ranking it as their most regularly consumed beverage in a 2024 survey. The popularity of coffee has supported the proliferation of both international chains, including McCafé, and domestic franchises, such as The Coffee Club and Donut King, across Australia.

Australia Stocks Traded: Turnover Ratio of Domestic Shares data was reported at 64.880 % in 2022. This records an increase from the previous number of 56.596 % for 2021. Australia Stocks Traded: Turnover Ratio of Domestic Shares data is updated yearly, averaging 54.116 % from Dec 1979 (Median) to 2022, with 44 observations. The data reached an all-time high of 122.791 % in 2008 and a record low of 5.149 % in 1979. Australia Stocks Traded: Turnover Ratio of Domestic Shares 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: Financial Sector. Turnover ratio is the value of domestic shares traded divided by their market capitalization. The value is annualized by multiplying the monthly average by 12.;World Federation of Exchanges database.;Weighted average;Stock market data were previously sourced from Standard & Poor's until they discontinued their 'Global Stock Markets Factbook' and database in April 2013. Time series have been replaced in December 2015 with data from the World Federation of Exchanges and may differ from the previous S&P definitions and methodology.

Australia ASX Turnover: Trade: Mining data was reported at 6,699,858.000 Unit in May 2020. This records a decrease from the previous number of 7,341,286.000 Unit for Apr 2020. Australia ASX Turnover: Trade: Mining data is updated monthly, averaging 2,684,539.000 Unit from May 1999 (Median) to May 2020, with 253 observations. The data reached an all-time high of 11,283,934.000 Unit in Mar 2020 and a record low of 65,079.000 Unit in Apr 2001. Australia ASX Turnover: Trade: Mining data remains active status in CEIC and is reported by Australian Securities Exchange. The data is categorized under Global Database’s Australia – Table AU.Z004: Australian Stock Exchange: Turnover (Discontinued).

Australia ASX Turnover: Value: Mining data was reported at 36,158.654 AUD mn in May 2020. This records an increase from the previous number of 30,941.074 AUD mn for Apr 2020. Australia ASX Turnover: Value: Mining data is updated monthly, averaging 21,811.168 AUD mn from May 1999 (Median) to May 2020, with 253 observations. The data reached an all-time high of 54,871.577 AUD mn in Nov 2007 and a record low of 2,006.118 AUD mn in Sep 2000. Australia ASX Turnover: Value: Mining data remains active status in CEIC and is reported by Australian Securities Exchange. The data is categorized under Global Database’s Australia – Table AU.Z004: Australian Stock Exchange: Turnover (Discontinued).

In 2024, the annual retail turnover in the state of New South Wales, Australia amounted to over 135.6 billion Australian dollars. This was an increase in retail revenue in New South Wales compared to the previous year.

The proportion of online sales on all retailing in Australia was around 11.6 percent in December 2024. The proportion of online sales for food retailing rose from 5.7 percent in December 2023 to six percent in December 2024. To date, the highest proportion of online sales for non-food retailing was recorded in September 2021 at 25.5 percent.

Key information about Australia Tax Revenue

• Australia Tax Revenue was reported at 139.080 USD bn in Dec 2024.
• This records an increase from the previous figure of 125.699 USD bn for Sep 2024.
• Australia Tax Revenue data is updated quarterly, averaging 91.890 USD bn from Sep 2002 to Dec 2024, with 90 observations.
• The data reached an all-time high of 149.634 USD bn in Jun 2023 and a record low of 29.104 USD bn in Sep 2002.
• Australia Tax Revenue data remains active status in CEIC and is reported by CEIC Data.
• The data is categorized under World Trend Plus’s Global Economic Monitor – Table: Tax Revenue: USD: Quarterly.

CEIC converts quarterly Tax Revenue into USD. The Australian Bureau of Statistics provides Tax Revenue in local currency. Federal Reserve Board average market exchange rate is used for currency conversions. Tax Revenue prior to Q3 2017 is based on SNA 2008 GFMS 2001. Tax Revenue prior to Q3 2008 is based on SNA 1993.

In 2024, annual retail turnover amounted to approximately 90 billion Australian dollars in Queensland, Australia. This was an increase of over three billion Australian dollars in annual retail turnover in the state from the previous year.

At the end of the 2024 financial year, there were over 26,300 takeaway food services in operation across Australia. Around 14,470 of these operating takeaway food services had an annual turnover of between 200,000 and two million Australian dollars. In comparison, only around 160 takeaway services recorded an annual turnover of over 10 million Australian dollars that year.

At the end of financial year 2024, there were over 3,515 clubs in operation across Australia. Almost 1,595 of these clubs in operation had an annual turnover of between 200,000 and two million Australian dollars. In comparison, around 387 clubs had an annual turnover of over 10 million Australian dollars.

Australia Revenue and Grants: Revenue: Customs and Other Import Duties: % of Tax Revenue data was reported at 3.078 % in 2022. This records a decrease from the previous number of 3.768 % for 2021. Australia Revenue and Grants: Revenue: Customs and Other Import Duties: % of Tax Revenue data is updated yearly, averaging 3.753 % from Dec 1972 (Median) to 2022, with 47 observations. The data reached an all-time high of 6.062 % in 1973 and a record low of 2.022 % in 2011. Australia Revenue and Grants: Revenue: Customs and Other Import Duties: % of Tax Revenue 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: Government Revenue, Expenditure and Finance. Customs and other import duties are all levies collected on goods that are entering the country or services delivered by nonresidents to residents. They include levies imposed for revenue or protection purposes and determined on a specific or ad valorem basis as long as they are restricted to imported goods or services.;International Monetary Fund, Government Finance Statistics Yearbook and data files.;;

Nestle is a Public Company that generates the majority of its income from the Tea, Coffee and Other Food Manufacturing industry.

In 2024, the annual revenue of cafés, restaurants, and takeaway food services in Australia amounted to just shy of 65.5 billion Australian dollars, marking a new record within the given period. Between 2005 and 2019, the revenue of cafés, restaurants, and takeaway food services in the country had been growing year-on-year until 2020, which was the first year during this period to show significant negative growth. Food service landscape in Australia The number of cafés and restaurants operating in Australia has increased in recent years, reaching over 55,000 in the year ended June 2024. As Australia’s most populous states, the majority of these establishments are based in New South Wales and Victoria. While dining out remains prevalent, takeaway food services have risen in popularity among the country’s consumers, with internationally renowned delivery services like Uber Eats and Menulog taking the most online food delivery bookings in 2024. Australia’s coffee culture Australians are coffee aficionados, whether it be homebrew, a coffee to-go, or a coffee catch-up at their favorite café. Around three-quarters of Australian adults enjoy at least one cup of coffee a day, and almost one in two Australian households owns a coffee machine. Many countries have their own take on how to make the popular caffeinated beverage, and the flat white is a popular type of coffee with its origins Down Under. While Australia and New Zealand have not yet managed to settle the dispute on where the beverage originates, the flat white remains a staple on café menus across the country and is gaining traction in metropolitan cities around the world.

In 2024, annual retail turnover amounted to approximately 8.15 billion Australian dollars in the Australian Capital Territory. This was an increase in annual retail turnover in the territory compared to that of the previous year.

In 2024, the annual revenue of the retail trade industry in New South Wales, Australia was around 135.6 billion Australian dollars. This was the highest annual revenue reported across all states and territories in Australia.

In 2024, Australia’s department store retail revenue amounted to approximately 22.85 billion Australian dollars, marking a slight increase from the previous year. Nonetheless, over the past decade, the country’s annual department store turnover has remained relatively stagnant. Kmart: Australia’s leading department store Across Australia’s major department store chains, Wesfarmers-owned Kmart stands out as a dominant force. With over 300 locations nationwide, Kmart boasts the largest physical presence among the country’s department store chains. Alongside its substantial store network, the company has witnessed strong financial performance, with an annual revenue exceeding nine billion Australian dollars in the 2024 financial year. This success is mirrored in the digital sphere, where kmart.com.au recorded the highest web traffic across popular department store websites in Australia. While Kmart thrives, several of its rivals, including BIG W, Myer, and David Jones, as well as sister company Target Australia, have seen plateauing or declining sales. Department stores: will they evolve and keep up? While department stores are a long-standing staple of Australia’s retail sector, the shopping format has increasingly faced competition from online retailers and marketplaces, such as Amazon, eBay, and Temu, as well as specialty retailers. In the age of e-commerce, traditional retail formats like department stores have had to quickly adjust and expand their online presence to keep up. Australia’s department stores are starting to adapt, with luxury brand David Jones launching its mobile app in December 2024 as a part of its 65-million-dollar technological transformation plan to strengthen its online footprint. Nonetheless, with more retailers entering the physical and online retail landscape, the once unique shopping experience offered by department stores has become increasingly challenged.

In 2024, the annual retail turnover amounted to approximately 49.5 billion Australian dollars in Western Australia. This marked an increase in annual retail turnover in the state from the previous year.