Composition of the Australian Economy Snapshot

Data in this snapshot are the latest available as at 9 November 2023.

 

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Industry Share of Output key sectors

Mining 14.6%, Finance 7.6%, Health and Education 12.8.0%, Manufacturing 5.7%, Construction 7.1%.

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

26.5 million. Annual growth is 2.2%.

Export Share by type

Resources: 63.3%, Services: 16.5%, Rural: 10.8%, Manufactured: 7.2%

Export Share by destination

China: 27.2%, Japan: 17.5%, EU: 4.7%, Korea: 7.8%, US: 4.5%, India: 5.2%

Employment to population ratio

64.5%

Average Price of Residential Dwellings

$913,000

Household wealth as a share of income

896%

Household debt

as a share of income is 187%