Composition of the Australian Economy Snapshot

Data in this snapshot are the latest available as at 2 November 2022.

 

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Industry Share of Output key sectors

Mining 14.6%, Finance 7.6%, Health and Education 13.0%, Manufacturing 5.8%, Construction 7.3%.

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

25.9 million. Annual growth is 0.9%.

Export Share by type

Resources: 70.7%, Services: 10.1%, Rural: 10.2%, Manufactured: 6.5%

Export Share by destination

China: 36.0%, Japan: 12.2%, EU: 3.6%, Korea: 7.1%, US: 4.6%, India: 4.7%

Employment to population ratio

64.2%

Average Price of Residential Dwellings

$922,000

Household wealth as a share of income

907%

Household debt

as a share of income is 188%