Composition of the Australian Economy

Industry Share of Output key sectors

Health and Education 13.4%, Finance 7.5%, Mining 12.2%, Manufacturing 5.9%, Construction 7.5%.

Output Share by State

New South Wales 30.7%, Queensland 19.1%, Victoria 22.7%, Western Australia 17.1%, South Australia 5.6%, Tasmania 1.6%.

Population

27.4 million. Annual growth is 1.7%.

Export Share by type

Resources: 57.5%, Services: 21.1%, Rural: 11.7%, Manufactured: 8.1%

Export Share by destination

China: 30.4%, Japan: 11.4%, Korea: 6.3%, US: 6.1%, India: 5.5%

Employment to population ratio

64.0%

Average Price of Residential Dwellings

$1,016,700

Household wealth as a share of income

910%

Household debt

as a share of income is 182%

Sources: ABS; RBA