Finance sector Australia’s biggest output
Australia’s finance sector generates more than 10 percent of Australian output, placing it top of the list of industries contributing to employment and economic growth, according to the Australian Bureau of Statistics (ABS).
The Bureau’s Australian System of National Accounts publication reports that our financial sector continues to grow more rapidly than most other sectors of the economy, benefiting from significant structural reforms and strong and resilient economic growth over the past two decades.
As one of the most sophisticated and advanced financial sectors in the Asia-Pacific region, Australia’s has been underpinned by a highly skilled, multi-lingual labour force, world-class regulatory framework, and competitively-priced business infrastructure.
Download an Austrade summary of the report.
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