Composition of the Australian Economy

Industry Share of Output key sectors

Health and Education 13.9%, Finance 7.7%, Mining 9.9%, Manufacturing 5.7%, Construction 7.6%.

Output Share by State

New South Wales 30.8%, Queensland 19.1%, Victoria 22.9%, Western Australia 16.5%, South Australia 5.7%, Tasmania 1.6%.

Population

27.7 million. Annual growth is 1.6%.

Export Share by type

Resources: 57.8%, Services: 21.5%, Rural: 11.6%, Manufactured: 7.7%

Export Share by destination

China: 29.4%, Japan: 9.6%, Korea: 6.6%, US: 8.9%, India: 4.8%

Employment to Population Ratio

63.7%

Average Price of Residential Dwellings

$1,111,100

Household wealth as a share of income

925%

Household debt

as a share of income is 177%

Sources: ABS; RBA