Composition of the Australian Economy Snapshot

Data in this snapshot are the latest available as at 17 May 2022.

 

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Industry Share of Output key sectors

Mining 11.5%, Finance 8.0%, Health and Education 13.2%, Manufacturing 6.0%, Construction 7.4%.

Output Share by State

Queensland 17.7%, New South Wales 31.1%, Victoria 22.9%, South Australia 5.7%, Western Australia 17.5%, Tasmania 1.7%.

Population

25.8 million. Annual growth is 0.3%.

Export Share by type

Resources: 67.7%, Services: 10.6%, Rural: 11.6%, Manufactured: 7.2%

Export Share by destination

China: 36.5%, Japan: 10.4%, EU: 3.8%, Korea: 5.6%, US: 6.2%, India: 3.9%

Employment to population ratio

63.8%

Average Price of Residential Dwellings

$920,000

Household wealth as a share of income

952%

Household debt

as a share of income is 186%