Australian Industry

Latest release

Annual estimates of key economic and financial performance of industries in Australia, including income, expenses, profit and capital expenditure

Reference period
2022-23 financial year

Key statistics

  • Total selected industries earnings grew $93.4b (12.9%).
  • The Mining industry had the largest growth in earnings of $52.0b (23.4%).
  • Wholesale trade earnings grew $7.9b (21.9%).
  • Retail trade earnings grew $6.8b (16.2%).
  • Construction earnings grew $6.1b (11.6%).
  • Total selected industries operating profit before tax (OPBT) was steady, declining $2.1b (0.3%) in 2022-23.
  • The Mining industry had the largest increase in OPBT of $57.2b (31.0%), while the Rental, hiring and real estate services industry had the largest decrease of $45.5b (-44.8%).

Note: EBITDA refers to Earnings before interest, tax, depreciation and amortisation. OPBT refers to Operating profit before tax.

Australian Industry Employment and IVA data and movements, 2021-22 to 2022-23
ANZSIC DivisionEmployment at end of June ('000)Industry value added ($m)
20222023Change (%)2021-222022-23Change (%)
Agriculture, forestry and fishing426421-1.138,67542,0768.8
Mining2022208.8285,976352,41223.2
Manufacturing8688993.5124,236133,8527.7
Electricity, gas, water and waste services1311364.048,45551,7846.9
Construction1,2281,2501.8141,938162,97814.8
Wholesale trade5875971.688,221102,97616.7
Retail trade1,4201,4794.2102,675117,47914.4
Accommodation and food services1,0631,20813.645,96460,35631.3
Transport, postal and warehousing6506601.482,19794,75815.3
Information media and telecommunications1821894.043,33346,0236.2
Auxiliary finance and insurance services1681806.839,58039,6950.3
Rental, hiring and real estate services4254434.298,916102,2503.4
Professional, scientific and technical services1,2891,3293.1163,749184,22012.5
Administrative and support services1,003999-0.478,82591,32715.9
Public administration and safety (private)95994.37,6008,63213.6
Education and training (private)4664843.836,27239,4918.9
Health care and social assistance (private)1,5401,6638.0125,027137,1799.7
Arts and recreation services2432544.515,06319,23727.7
Other services5485999.438,83445,67617.6

Industry summary

  • The Mining industry grew across all key data items in 2022-23. EBITDA increased 23.4% ($52.0b), following a 34.7% ($57.4b) increase in 2021-22. Mining IVA increased 23.2% ($66.4b) following a 31.2% ($68.1b) increase in 2021-22.
  • Wholesale trade industry EBITDA grew 21.9% ($7.9b), following a 36.2% ($9.6b) increase in 2021-22. Wholesale trade IVA increased 16.7% ($14.8b), following a 22.5% ($16.2b) increase in 2021-22.
  • Retail trade industry EBITDA grew 16.2% ($6.8b), following a 4.0% ($1.6b) increase in 2021-22. Retail trade IVA increased 14.4% ($14.8b), following a 12.7% ($11.6b) increase in 2021-22.
  • Construction industry EBITDA increased 11.6% ($6.1b), following an 8.4% (-$4.8b) decrease in 2021-22. Construction IVA increased 14.8% ($21.0b), following a 9.6% ($12.4b) increase in 2021-22.
  • Transport, postal and warehousing industry EBITDA grew 14.4% ($5.2b), following an 11.6% ($3.8b) increase in 2021-22. Transport, postal and warehousing industry IVA grew 15.3% ($12.6b), following a 13.8% ($9.9b) increase in 2021-22.
  • Accommodation and food services EBITDA grew 35.3% ($4.7b), following a 7.4% (-$1.1b) decrease in 2021-22. Accommodation and food services IVA grew 31.3% ($14.4b), following a 14.6% ($5.8b) increase in 2021-22.
  • Total Employment increased 572,000 people (4.6%), with the largest growth reported in the Accommodation and food services industry (145,000 people or 13.6%), and the Health care and social assistance industry (123,000 people or 8.0%).

Note: Financial estimates in this release are expressed in current prices.

For more information on the scope and coverage or survey design for this release, refer to the Methodology page.

Industry analysis

Agriculture, forestry and fishing

Mining

Manufacturing

Electricity, gas, water and waste services

Construction

Wholesale trade

Retail trade

Accommodation and food services

Transport, postal and warehousing

Information media and telecommunications

Auxiliary finance and insurance services

Rental, hiring and real estate services

Professional, scientific and technical services

Administrative and support services

Public administration and safety (private)

Education and training (private)

Health care and social assistance (private)

Arts and recreation services

Other services

Business performance by size

  • In 2022-23, businesses of all sizes recorded an increase in most key data items, with small sized businesses displaying the strongest signs of growth in Employment (179,000 people, 8.1%), Total income (14.8%, $88.6b), Operating profit before tax (26.3%, $17.3b) and EBITDA (22.4%, $15.6b).
  • Businesses of all sizes increased earnings, with the 2022-23 financial year being the first financial year businesses were able to operate without the financial impact of COVID-19 lockdowns and restrictions.
  • Micro and large businesses saw Operating profit fall 7.0% (-$16.1b) and 4.3% (-$13.3b) respectively. The fall in Operating profit for micro businesses was primarily driven by the Rental, hiring and real estate division (46.9%, -$38.1b), whilst the fall in Operating profit for large businesses was driven by the Professional, scientific and technical services industry (54.2%, -$41.2b).

Note: Business size by industry division estimates excludes Division K Financial and insurance services.

Micro businesses

Small businesses

Medium businesses

Large businesses

For more information and estimates classified by business size refer to Table 5 'Business size by industry division' in the 'Australian Industry' data cube.

State and territory performance

In 2022-23, east coast states New South Wales, Victoria and Queensland accounted for the largest share of each of the three key state economic indicators: Sales and service income, Employment and Wages and salaries.
The key economic indicators for most states and territories were comparable to the population distribution in the Estimated Resident Population. New South Wales had the largest population share at 31.3%, corresponding to the largest share of total Sales and services income at 31.8%. Northern Territory had the smallest population share at 0.9%, which corresponded to the smallest share in total Sales and service income at 1.0%.

Note: States and territories by industry division estimates excludes Division K Financial and insurance services.

State and territory growth

In 2022-23, when compared to 2021-22:

  • All states and territories experienced growth in all three key state economic indicators for Total selected industries.
  • Queensland showed the strongest growth in Sales and service income (16.3%, $135.3b), driven by the Mining (30.1%, $30.4b) and Wholesale trade (23.2%, $26.0b) industries.
  • The Accommodation and food services industry had the largest increase in Wages and salaries, with a total growth of 22.6% ($6.8b). Every state and territory showed growth, with New South Wales (28.5%, $2.9b) showing the strongest increase. 
  • The Accommodation and food services industry also had the largest increase in Employment, with a total growth of 145,000 people (13.6%). This was driven by strong growth in New South Wales (62,000 people, 17.6%), while Northern Territory (-258 people, -1.9%) was the only state or territory to show negative growth.

State and territory Sales and service income growth in 2022-23 ($b)

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In 2022-23:

  • New South Wales had the largest growth in Sales and service income with a $199.9b (15.2%) increase, followed by Queensland and Victoria growing $133.8b (16.3%) and $125.4b (12.3%) respectively.
  •  The Northern Territory had the smallest Sales and service income growth, showing a $5.0b (11.1%) increase.
Footnotes

Note: States and territories by industry division estimates excludes Division K Financial and insurance services.

For more information and estimates classified by state and territory refer to Table 6 'States and territories by industry division' in the 'Australian industry' data cube.
For information about the method used to derive state and territory estimates, please refer to the Methodology section on Estimation Methodology: State and Territory estimates.

Changes in this release

Data cubes

In 2022-23, the ABS made the following changes to data cubes available in Data downloads:

  • All data cubes will contain only three years of data. The timeseries spreadsheets will continue to contain the full timeseries for included data items. Previous releases of Australian Industry will still be available for historic information.
  • The total selected industries classification now includes subdivision 64 (unless otherwise noted). Please note that subdivisions 62 and 63 are still not included in Australian Industry estimates.
  • The Australian industry data cube contains the information previously available in Australian industry by division, Australian industry by subdivision, and Estimates for auxiliary finance and insurance services.
  • Some minor changes have been made to the structure or format of some tables to improve usability.

Time series spreadsheets

In 2022-23, the ABS made the following changes to time series spreadsheets available in Data downloads:

  • The following additional data items were added to the timeseries spreadsheets.
    • Employer contributions to superannuation
    • Total labour costs
    • Purchases of goods and materials (incl. capitalised purchases).
  • These additional items are also available in data explorer.
  • The total selected industries classification now includes subdivision 64 (unless otherwise noted). Please note that subdivisions 62 and 63 are still not included in Australian Industry estimates.

Data downloads

Have your say on changes to Australian Industry data

The ABS is consulting with users of this data release around planned changes. Submit your views through a short survey on the ABS Consultation Hub. Outcomes from this consultation may include changes to the content or format of future releases of Australian Industry.

The ABS would like to thank businesses for their continued support in responding to our surveys.

Data files

Time series spreadsheets

The data contained in these spreadsheets is consistent with the existing data cubes.

- Key data items in these spreadsheets are available from 2006-07 to 2022-23.

- Off-June adjusted data are available from 2010-11 to 2022-23.

- State splits of selected data items are available from 2007-08 to 2022-23.

Unless otherwise stated the basis of all data is original, not off-June adjusted.

Data files

Data Explorer datasets

Caution: Data in the Data Explorer is currently released after the 11:30am release on the ABS website. Please check the time period when using Data Explorer.

For information on Data Explorer and how it works, see the Data Explorer user guide.

Australian Industry - Annual estimates of key economic and financial performance of industries in Australia, including income, expenses and profit measures.

Previous catalogue number

This release previously used catalogue number 8155.0.

Methodology

Scope

The scope of this release includes all businesses operating in the Australian economy during 2022-23, except for those outlined in the scope section of the Australian Industry methodology.

Geography

The data available includes estimates for Australia with selected data items published at the state and territory level.

Source

The Economic Activity Survey conducted by the Australian Bureau of Statistics and administrative data from the Australian Tax Office.

Collection method

Data is collected annually through the Economic Activity Survey, which is sent to approximately 18,250 businesses. This is supplemented by administrative data from the Australian Tax Office (ATO).

Concepts, sources and methods

The businesses in this release were classified by:

History of changes

For a description of recent changes please refer to the data comparability section of the Australian Industry Methodology.

View full methodology
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