Composition of the Australian Economy Snapshot

Data in this snapshot are the latest available as at 21 March 2024.

 

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Industry Share of Output key sectors

Mining 14.3%, Finance 7.4%, Health and Education 12.8%, Manufacturing 5.7%, Construction 7.1%.

Output Share by State

Queensland 19.7%, New South Wales 30.3%, Victoria 22.2%, South Australia 5.5%, Western Australia 17.4%, Tasmania 1.6%.

Population

26.6 million. Annual growth is 2.4%.

Export Share by type

Resources: 62.5%, Services: 18.1%, Rural: 10.3%, Manufactured: 6.9%

Export Share by destination

China: 27.3%, Japan: 17.5%, EU: 4.7%, Korea: 7.8%, US: 4.5%, India: 5.2%

Employment to population ratio

64.1%

Average Price of Residential Dwellings

$934,000

Household wealth as a share of income

890%

Household debt

as a share of income is 186%