Industry Sector Contribution to GDP in Australia (1990-2022)

Industry Sector Contribution to GDP in Australia (1990-2022)

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TGM StatBox. (2024). Industry Sector Contribution to GDP in Australia (1990-2022). TGM StatBox.
Chart Details
Timeframe: 1990-2022
Country: Australia
Published date: 2024
Note: Industry (% of GDP), according to World Development Indicators, measures the contribution of the industrial sector to a country's Gross Domestic Product (GDP). This metric reflects the economic significance of manufacturing, mining, construction, and utilities, indicating the value generated by industrial activities relative to the overall economy.
Key Takeaways
Australia’s industry sector contribution declined from 28.8% in 1990 to 22.3% in 2016, reflecting a shift toward a service-oriented economy and fluctuating global commodity prices. Mining expansion led to a partial resurgence, peaking at 27.5% in 2022. Factors affecting this sector include resource exports, global demand for commodities, and investment in technology to optimize mining and manufacturing. The contribution saw variation with economic cycles, particularly in mining-dominated regions, illustrating Australia's adaptation to changing global economic conditions and market demands.

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