Economic Outlay of Australia

The financial system in Australia has remained stable, whereas makes Australia one of the world’s most reliable and attractive environments for entrepreneurs. Even so, The Australian economy is dominated by its service sector (71.4%), industry (24.6%), and Agriculture (4%). However, almost 82 per cent of the workforce in Australia, locals and internationals are employed in service sector. The service sector such as; telecommunication, travel, banking and insurance play an increasingly important role in their international trade and economic growth. 

Here is the industry overview based on the distribution of GDP consumption per sector in the economy.

            Based on the chart above, it is crystal clear that the whole GDP consumption is taken within the services sector. Furthermore, this could help student to examine which sector is the most developing and this can also shows that any students considering or having graduated related to the services sector will have no difficulties in finding jobs.