Composition of the Australian Economy

Industry Share of Output key sectors

Health and Education 13.9%, Finance 7.7%, Mining 9.9%, Manufacturing 5.7%, Construction 7.6%.

Output Share by State

New South Wales 30.8%, Queensland 19.1%, Victoria 22.9%, Western Australia 16.5%, South Australia 5.7%, Tasmania 1.6%.

Employment to Population Ratio

64.0%

Export Share by type

Resources: 57.2%, Services: 21.7%, Rural: 11.9%, Manufactured: 7.8%

Export Share by destination

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

Population

27.7 million. Annual growth is 1.6%.

Average Price of Residential Dwellings

$1,074,700

Household wealth as a share of income

925%

Household debt

as a share of income is 177%

Sources: ABS; RBA