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Industry structure and performance
INTRODUCTION
This chapter presents a consolidated view of industrial production in Australia. The current structure and performance of the main industrial components of the Australian economy, and their relative contribution to overall economic activity, are described in terms of the value of production and employment by industries. Statistics are also provided on the growth of industries over the past ten years and the changing contribution of individual industries to total economic activity during the period. More detailed information on the structure and performance of individual industries is provided in later chapters.
This chapter begins by outlining the development of industry since European settlement in The evolution of Australian industry. The section Value of goods and services produced by Australian industry examines industry gross value added and the contribution of individual industries to Australia's gross domestic product. Employment in Australian industry looks at industry shares of total employment, average weekly paid hours, and compensation of employees. Australian industry business entries and exits looks at the flow of Australian businesses into and out of the Australian economy, including the survival rates of entries. The chapter concludes with a section on Industry productivity which provides data on multifactor productivity for the market sector as a whole and gross value added per hour worked for market sector industries.
This chapter contains the article The Australian and New Zealand Standard Industrial Classification 2006.
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