Composition of the Australian Economy Snapshot

Data in this snapshot are the latest available as at 5 January 2023.

 

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Industry Share of Output key sectors

Mining 14.6%, Finance 7.6%, Health and Education 13.0%, Manufacturing 5.8%, Construction 7.3%.

Output Share by State

Queensland 19.4%, New South Wales 30.2%, Victoria 22.3%, South Australia 5.6%, Western Australia 17.5%, Tasmania 1.7%.

Population

26.0 million. Annual growth is 1.1%.

Export Share by type

Resources: 68.2%, Services: 11.4%, Rural: 11.5%, Manufactured: 6.5%

Export Share by destination

China: 36.0%, Japan: 12.2%, EU: 3.6%, Korea: 7.1%, US: 4.6%, India: 4.7%

Employment to population ratio

64.5%

Average Price of Residential Dwellings

$890,000

Household wealth as a share of income

884%

Household debt

as a share of income is 188%