Biggest Industries by Revenue in Australia in 2025

• 1. Finance in Australia

  Revenue for 2025: $473.4B

  The Finance sector's operating environment was previously characterised by record-low interest rates. Nonetheless, high inflation prompted the Reserve Bank of Australia (RBA) to hike the cash rate from May 2022 onwards. This shift allowed financial institutions to impose higher loan charges, propelling their revenue. Banks raised interest rates quicker than funding costs in the first half of 2022-23, boosting net interest margins. The introduction of the Term Funding Facility (TFF) also provi...

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• 2. State Government Administration in Australia

  Revenue for 2025: $365.5B

  The State Government Administration industry is made up of the eight state and territory governments across Australia. Under the Australian Constitution, state and territory governments are responsible for everything that isn’t a Federal Government responsibility. This includes, but is not limited to, schools, hospitals, roads and railways. This report includes all actions that state and territory governments undertake. As a result, it double counts key information with other industries in Au...

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• 3. Agribusiness in Australia

  Revenue for 2025: $358.6B

  The Agribusiness sector continues to expand, driven by strong export markets, rising domestic meat prices and technological advancements. Key commodities, including beef, wheat, barley, dairy and wine, remain integral to global supply chains, with China, Japan and the United States among major buyers. While geopolitical tensions and economic uncertainties pose risks, diversification into ASEAN and Indian markets is helping mitigate these challenges. The Agribusiness sector is also shifting to...

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• 4. Professional Services in Australia

  Revenue for 2025: $324.5B

  The Professional Services subdivision's performance is largely linked to overall economic conditions, often determining business confidence and capital expenditure. Over the past few years, greater business profit and rising capital expenditure by the public sector have supported subdivision demand. However, construction projects that were delayed or cancelled because of surging construction expenses and labour scarcity adversely impacted several industries, including architectural services a...

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• 5. Superannuation Funds in Australia

  Revenue for 2025: $292.8B

  Severe global market volatility over the past five years has meant superannuation funds' investment incomes have fluctuated significantly. The pandemic, inflationary pressures and geopolitical tensions have caused funds’ incomes to swing dramatically. The pandemic, in particular, drove down superannuation funds' income in 2019-20; that's why superannuation funds’ revenue is expected to have surged at an annualised 114.6% over the five years through 2024-25, to $292.8 billion. Superannuation f...

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• 6. National and Regional Commercial Banks in Australia

  Revenue for 2025: $259.2B

  Banks are grappling with a transition from years of loose monetary policy to tighter financial conditions. Soaring inflation prompted an RBA pivot in the face of surging energy, housing and food prices. The RBA hiked the cash rate multiple times from May 2022 to November 2023. Prior to this, banks cashed in on high residential housing prices, with low interest rates and government schemes encouraging strong mortgage uptake over the course of the pandemic. APRA also eased the interest rate buf...

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• 7. Consumer Goods Retailing in Australia

  Revenue for 2025: $252.7B

  Consumer goods retailing has experienced significant shifts in recent years, largely fuelled by the rapid rise of online shopping. As consumers have increasingly embraced online platforms’ convenience and price competitiveness, traditional retailers have felt the pressure to adapt. Ecommerce sales have climbed steadily, rising from a 9.1% share of total retail trade in 2019 to 13.7% by October 2024. This transformation has created both opportunities and challenges, with retailers striving to ...

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• 8. Health Services in Australia

  Revenue for 2025: $217.3B

  The Health Services subdivision encompasses various health facilities and services. General hospitals generate more than half Australia's health services revenue. Other key revenue sources include general practitioners (GPs), clinical specialists and dentists. While demand for health services has surged in response to Australia’s ageing population, the pandemic created mixed demand within healthcare industries. Pathology services experienced strong revenue growth during 2020-21, whereas psych...

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• 9. Charities and Not-for-Profit Organisations in Australia

  Revenue for 2025: $215.6B

  Amid a shifting economic landscape, Australian charities and NFPs have experienced a drop in individual donor contributions, largely due to inflationary and housing cost pressures. Yet the sector demonstrates resilience through larger individual contributors, corporate sponsorships and government support, enabling many organisations to sustain their primary services despite constrained household budgets. Growing wealth inequality has spurred this dynamic as wealth is concentrated in instituti...

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• 10. Franchising in Australia

  Revenue for 2025: $201.2B

  The Franchising industry has weathered a turbulent period. Pandemic restrictions led to significant disruptions for franchised businesses. Sectors like hospitality, travel and food services bore the brunt of these changes, grappling with density quotas and border restrictions. In the aftermath, franchised companies have struggled to regain footing, especially against consecutive interest rate hikes, which have stymied consumer spending and left businesses battling elevated cost pressures. Rev...

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