Composition of the Australian Economy Snapshot

Data in this snapshot are the latest available as at 8 February 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: 61.5%, Services: 17.6%, Rural: 11.1%, Manufactured: 7.4%

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

64.2%

Average Price of Residential Dwellings

$925,000

Household wealth as a share of income

886%

Household debt

as a share of income is 185%