Fastest Growing Sectors by Revenue in Australia in 2024

1. Financial and Insurance Services in Australia

Revenue Growth for 2024: 10.3%

IBISWorld estimates that the Finance and Insurance Division will generate $625.14 billion in revenue in 2008-09, which will be 1.3% higher than 2007-08. Compared to previous years, this growth is soft, which will be brought about by a drop in revenue from the finance sub-sector, and slower growth from the insurance and services to finance and insurance sub-sectors. The vast majority of revenue generated by this division is generated by the Insurance sub-division. In 2008-09, IBISWorld also estimates that:

• Industry gross product will amount to $84.21 billion, which will be 1% higher than 2007-08;
• Establishments will increase by 0.2% whilst enterprises are... Learn More

• 2. Health Care and Social Assistance in Australia

  Revenue Growth for 2024: 6.5%

  Market Size outlines the size of a division over the current financial year based on its key statistics and also a summary of the division's performance. Divisional Statistics In 2008-09, the Personal and Other Services division will generate revenue of $42.1 billion, representing an increase of 3.4% compared to 2007-08. During the year, the majority of revenue will be contributed by the Other Services subdivision which will account for $29.0 billion or 68.9% of total revenue. The Personal Services subdivision will rank second with $13.1 billion or 31.1% of revenue. In 2008-09, this division will... Learn More

• 3. Accommodation and Food Services in Australia

  Revenue Growth for 2024: 4.0%

  Market Size outlines the size of this division in the current financial year based on its key statistics such as revenue, gross product, enterprise and establishment numbers, export and import levels, employment numbers and wages paid. Revenue and Gross Product In 2007-08, the Accommodation, Cafes and Restaurants division will generate revenue of $47.2 billion, representing an increase of 3.8% compared to 2006-07. The majority of revenue will be contributed by Pubs, Taverns and Bars (27.6%), Cafes and Restaurants (19.5%) and Clubs - hospitality (16.9%). Throughout 2007-08, this division will generate gross product of $21.5 billion, representing an increase... Learn More

• 4. Public Administration and Safety in Australia

  Revenue Growth for 2024: 3.9%

  Market Size outlines the size of this division for the current financial year, based on its key statistics such as revenue and gross product, enterprise and establishment numbers, employment levels and wages paid. Revenue and Gross Product In 2007-08, the Health and Community Services division will generate revenue of $92.2 billion, representing an increase of 3.9% compared to 2006-07. During the year, the Health Services subdivision will account for $74.1 billion or 80.3% of total revenue with the balance of $18.1 billion or 19.7% to be contributed by the Community Services subdivision. In 2007-08, this division will generate gross... Learn More

• 5. Education and Training in Australia

  Revenue Growth for 2024: 3.8%

  Market Size outlines the size of a division over the last financial year based on its key statistics such as revenue, gross product, enterprise and establishment numbers, employment numbers and wages paid. Revenue and Gross Product In 2006-07, this sector is forecast to generate revenue of $72.1 billion, representing an increase of 4.5% compared to 2005-06. The largest subdivision was School education which contributed 48.2% of total revenue for the year. The Post School education subdivision ranked second with 43.3% of total revenue. The remaining 8.5% of revenue was generated by the Preschool education and other education subdivisions, at 0.6% and... Learn More

• 6. Professional, Scientific and Technical Services in Australia

  Revenue Growth for 2024: 3.4%

  Market Size outlines the size of a division based on the key statistics such as revenue, gross product, enterprise and establishment number, employment and wages. Revenue and Gross Product In 2007-08, the Government Administration and Defence division will generate revenue of $470.8 billion, representing an increase of 2.4% compared to 2006-07. It is important to note that the estimated revenue for the division comprises the total for each individual ANZSIC class. Given the significant level of intra-government grants, hence, there is an element of double counting within the total revenue figure. During 2007-08, this division will generate gross product of... Learn More

• 7. Administrative and Support Services in Australia

  Revenue Growth for 2024: 3.1%

  Market Size outlines the size of this division based on its key statistics such as revenue, gross product, enterprise and establishment numbers, export and import levels, employment numbers and wages paid. Revenue and Gross Product In 2007-08, this division will generate revenue of $58.7 billion, representing an increase of 3.8% compared to 2006-07. The largest subdivision will be Sport and Recreation, accounting for about $36.5 billion or 62.2% of total revenue. This will be followed by Motion Picture, Radio and Television with $14.2 billion or 24.2% of revenue and Libraries, Museums and Arts with $8.0 billion or 13.6%. Throughout 2007-08,... Learn More

• 8. Information Media and Telecommunications in Australia

  Revenue Growth for 2024: 3.1%

  Market Size outlines the size of a division over the last financial year based on the division's key statistics such as revenue, gross product, enterprise and establishment numbers, employment and wages paid. Revenue and Gross Product In 2007-08, IBISWorld estimates that the Communication Services division will generate revenue of $47.42 billion, which will represent growth of 3.5% compared to 2006-07. The majority of this revenue will be contributed by the Telecommunication Services sub-division (78.1%) followed by Postal Services (12.4%) and Courier Services (9.5%). During 2007-08, this division is expected to generate value added of $28.64 billion, which will be 3.6%... Learn More

• 9. Rental, Hiring and Real Estate Services in Australia

  Revenue Growth for 2024: 2.4%

  Market Size outlines the size of a division over the current financial year based on its key statistics and also a summary of the division's performance. Divisional Statistics In 2008-09, the Property and Business Services division will generate revenue of $199.4 billion, representing an increase of 3.6% compared to 2007-08. The majority of revenue will be contributed by the Business Services subdivision which will account for $137.4 billion or 68.9% of total revenue. The Property Services subdivision will account for the remaining $62.1 billion or 31.1% of revenue. In 2008-09, this division will comprise about 810,000 enterprises,... Learn More

• 10. Retail Trade in Australia

  Revenue Growth for 2024: 2.4%

  Market Size outlines the size of this division over the current financial year, based on its key statistics such as revenue, gross product, enterprise and establishment numbers, employment and wages paid. Revenue and Gross Product In 2007-08, the Retail Trade division will generate revenue of $321.8 billion, representing an increase of 3.1% compared to 2006-07. The majority of revenue will be contributed by the Personal and Household Good Retailing subdivision which will account for $113.7 billion or 35.3% of total revenue. The Motor Vehicle Retailing and Services subdivision will rank second with $105.8 billion or 32.9%, followed by the... Learn More