Composition of the Australian Economy Snapshot

Released on 4 March 2020

 

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Industry Share of Output key sectors

Mining 10%, Finance 9%, Health and Education 13%, Manufacturing 6%, Construction 8%.

Output Share by State

Queensland 19%, New South Wales 32%, Victoria 23%, South Australia 6%, Western Australia 15%, Tasmania 2%.

Population

25 million. Annual growth is 1.5%.

Export Share by type

Resources: 57%, Services: 21%, Rural: 10%, Manufactured: 10%

Export Share by destination

China: 31%, Japan: 13%, EU: 7%, Korea: 6%, US: 5%, India: 5%

Employment to population ratio

63%

Average Price of Residential Dwellings

$660,800

Household wealth as a share of income

775%

Household debt

as a share of income is 187%