Composition of the Australian Economy Snapshot

Released on 3 October 2018 (Data updated to 3 October 2018)

 

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Industry Share of Output key sectors

  1. Health & Education 13%
  2. Finance 9%
  3. Construction 8%
  4. Mining 8%
  5. Manufacturing 6%

Output Share by State

  1. NSW 33%
  2. VIC 23%
  3. QLD 19%
  4. WA 14%
  5. SA 6%
  6. TAS 2%

Population

  • 24.9 million
  • 1.6% annual growth

Export Share by type

  1. Resources: 57%
  2. Services: 21%
  3. Rural: 11%
  4. Manufactured: 9%

Export Share by destination

  1. China: 30%
  2. Japan: 12%
  3. EU: 7%
  4. Korea: 6%
  5. US: 5%
  6. India: 5%

Employment to population ratio

62 %

Average Price of Residential Dwellings

$686,200

Household wealth as a share of income

775%

Household debt as a share of income

191%